Global Plastic Furniture Market Size is Estimated to Reach USD 22,994 million by 2030, Growing at a CAGR of 6%: Straits Research

New York, United States, Dec. 20, (GLOBE NEWSWIRE) -- Plastic furniture is measured to be more reasonably priced and dexterous than furniture made of glass or wood. Furniture made of plastic is easy to find in the market. This type of furniture also comes in a selection of designs, styles, and colors that can smoothly go with the home, restaurant, hotel, and office setting. Plastic furniture is enormously enduring and also contains ideal designs and vibrant colors. Metal chairs and wooden chairs are stiff and inflexible. And thus, this type of furniture distorts or ruptures promptly. On the contrary, plastic furniture is flexible, making it effortless to stand firm adjacent to disproportionate force and harm. Moreover, plastic furniture is additionally profitable compared to wooden and metal furniture. Plastic furniture is, in addition, corrosion-resistant; hence does not leave any marks on tiles, pavements, or other areas of hotels and houses, which attracts customers. This is a considerable aspect that forces the growth of the plastic furniture market.

 Download Free Sample Report PDF @ https://straitsresearch.com/report/plastic-furniture-market/request-sample

Development in Real Estate and Hospitality Sector and Demand for Inexpensive, Frivolous, and Long-Lasting Plastic Furniture to Drive the Global Plastic Furniture Market

According to Straits Research, "The global plastic furniture market size was valued at USD 13,610 million in . It is expected to reach USD 22,994 million by , growing at a CAGR of 6% during the forecast period (-)." Rapid urbanization, rising disposable income, expanding housing real estate demand, and increasing consumer desire for premium and luxury furniture are the major forces propelling the plastic furniture market. Due to the expansion of the real estate and hospitality industries, China, India, Brazil, and South Africa have tremendous development potential. In contrast, a rise in investment in the real estate and hospitality sectors by various businesses in both developed and developing nations, as well as substantial government support for developing the infrastructure of the real estate and hospitality sector, are significant growth drivers for the plastic furniture market.

High-quality plastic furniture infrastructure is gaining significant traction in the residential and commercial sectors, significantly contributing to global market expansion. Real estate and hospitality, the two most important economic sectors, rapidly expand in developed and underdeveloped regions. Therefore, the growth in investment in these sectors has boosted the need for plastic furniture.

Eco-Friendly Furniture to Create Global Plastic Furniture Market Opportunities

During the forecast period, significant growth in the worldwide trend toward sustainability is predicted to enhance demand for biodegradable plastic furniture. Due to increasing awareness of biodegradable products, additional stakeholders focus on developing eco-friendly furniture. In addition, rising global environmental concerns, an increase in deforestation, and the implementation of stringent regulatory limits on tree cutting have offered lucrative opportunities for the plastic furniture industry. The adoption of eco-friendly materials and construction techniques for indoor furniture and sustainable urban furniture has also contributed to the growth of the plastic furniture industry. Consequently, customers' rising use of eco-friendly products drives stakeholders to modify their manufacturing processes, which is predicted to stimulate the growth of the market for plastic furniture.

Regional Analysis

The Asia-Pacific will command the market while expanding at a CAGR of 7.91% by . The majority of developed and emerging nations are located within this region. Rapid urbanization is occurring in this area. As a result, people in this region are embracing a lifestyle focused on convenience. Consequently, they find plastic furniture more appealing. Additionally, growing customer knowledge of various plastic furniture options further boosts sales. In addition, the Asia-Pacific area has the most significant population, resulting in a rise in the demand for plastic furniture.

The Asia-Pacific plastic furniture market is attractive for organizations seeking to grow their customer and expand their geographic reach. In this region, well-known manufacturers such as Nilkamal Limited, Cello Group, and Avro India Limited offer an assortment of plastic furniture goods. The increasing demand for plastic furniture products in countries such as China and India is key to expanding the Asia-Pacific plastic furniture market. Their expansion has also contributed to the growth of the real estate and hotel sectors.

Key Highlights

• Based on the type, the kitchen furniture segment is forecasted to hold the largest market share and grow at a CAGR of 4.21%.
• Based on the end-user, the residential section will likely have the highest shareholding and grow at a CAGR of 5.43%.
• Based on the distribution channel, the modern trade segment is expected to hold the highest shareholding and grow at a CAGR of 5.73%.
• Based on regional analysis, the Asia-Pacific will command the market while expanding at a CAGR of 7.91% by .

Competitive Analysis

• Nilkamal Limited
• The Supreme Industries Limited
• Cello Group
• Tramontina
• ScanCom International A/S.
• Pil Italica Lifestyle Limited
• Uma Plastics Limited
• Keter Group
• Cosmoplast Industrial Company LLC.
• Avro India Limited

Market News

• In , Tramontina USA goes on a voyage towards a brighter future in conjunction with Voice of the Oceans, a global adventure across the seas with a mission to raise awareness about plastics in the oceans and to help identify new solutions to tackle the issue.
• In , Tramontina USA unveiled its sustainability initiative: a switch from single-use, non-recyclable poly bags to bags with at least 90% recycled (LDPE) content, lowering packaging CO2 emissions by over 60%.

Global Plastic Furniture Market Segmentation

By Type

• Kitchen Furniture
• Living and Dining Room Furniture
• Bathroom Furniture
• Outdoor Furniture

By End-user

• Residential
• Commercial

By Distribution Channel

• Modern Trade
• Specialty Stores
• E-commerce
• Direct-to-customers

By Region

• Asia-Pacific
• North America
• Europe
• LAMEA

Get Detailed Market Segmentation @ https://straitsresearch.com/report/plastic-furniture-market/segmentation

 About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

For more information on your target market, please contact us below:

: +1 646 480 (the U.S.)

+91 (APAC)

+44 208 068 (the U.K.)

: 

Follow Us: LinkedIn |  | Instagram | 

Where others see a problem of mounting plastic waste in West Michigan, two alumni from Ferris State University’s Kendall College of Art and Design see an opportunity to solve the problem through design.

During a trip to Bali, Jared Seifert and Lauren Copping were inspired by community efforts to capture plastic waste and transform it into something new. After returning home, they combined their skills to launch Design Declassified, turning locally sourced plastic waste into beautiful, durable sheet materials. 

KCAD alumni Jared Seifert (left) and Lauren Copping (right)

The duo chose to focus on readily available post-consumer and industrial waste, turning it into 100% recycled sheets (with no added glues, resins, or colors) that can be used in applications ranging from countertops to furniture, lighting, and home goods.

“Sustainability has always been a passion of ours, and this seemed like an incredible opportunity to take our knowledge back to West Michigan,” said Seifert, who graduated from the KCAD Industrial Design program in . Copping is a graduate of the Interior Design program.

Design Declassified's proprietary material made entirely from recycled plastic 

Design Declassified’s entire business cycle is currently on display in the Fragments to Form exhibition at the KCAD FLEXgallery. In this non-traditional space—developed by Exhibitions Director Michele Bosak to showcase the process of creativity rather than only focusing on the product—Seifert and Copping can give viewers a unique window into every step that led their sustainable business to where it is today.

“FLEXgallery embraces the dynamic nature of the creative process, and that’s opened up a whole new world of possibilities for how audiences can interact with the work on display,” said Bosak. “Visitors to Fragments to Form can see not just the prototypes of lighting, drawer fronts, desks, and furniture Design Declassified is making, but also how the reclaimed plastic they’re using evolves from empty containers to shredded fibers to the finished sheets that retain the colors and translucency of the original materials. It invites you to envision the full potential of the material.”

(above and below): the Fragments to Form exhibition inside the KCAD FLEXgallery

Design Declassified sources its plastics through the Rockford Sustainability Committee, which accepts clean recyclables from the community. They use high-density polyethylene (HDPE) milk jugs and detergent bottles, low-density polyethylene (LDPE) from bags, and polypropylene (PP) from pill containers, food packaging, yogurt cups, and automotive parts.

Seifert and Copping have also partnered with local recyclers and compounders that capture waste streams at the shredded and washed phase, which cuts down on the chemicals and greenhouse gases emissions involved with processing and pelletizing the plastic.

The shredded plastic is then molded into 36” x 36” sheets with a terrazzo- or marble-like finish, which they sell to manufacturers. With performance characteristics like durability, chemical and corrosion resistance, UV resistance, food safety, water resistance, and easy fabrication with standard woodworking equipment, the material is versatile enough to be used for surfaces, wall tiles, products and furniture designs.

(above and below): Jared Seifert and Lauren Copping of Design Declassified sorting and processing plastic waste (images courtesy of Design Declassified)

Copping brings a unique lens to the collaboration through her business Mont Design, which works with vacation rental and property investors across the United States and Bali to designing guest-centered spaces that feature sustainably source materials and non-toxic finishes. That experience understanding the appeal of sustainable products to both producers and consumers has been instrumental in shaping Design Declassified.

For Fragments to Form, Copping created the experience, layout, and designed the plastic features and millwork featured throughout the space, while Seifert produced all the materials and hand-crafted the features and millwork. The exhibition also showcases a collection of other innovative sustainable design materials that Copping curated.

“We relied on Jared's knowledge of typical thicknesses and materials for making furniture, along with my knowledge of interior finishes, to create a product that would be in demand,” said Copping.

Early on, the pair teamed with Metro Engineering, which provided equipment and a space to develop prototypes. Recently, they procured their own equipment, fine-tuning it to achieve the tolerance specs they needed to deliver high-quality products.

The Mint Stool, one of the furniture products created by Design Declassified from plastic waste (image courtesy of Design Declassified)

They also credit their education at KCAD for helping them get the business off the ground.

“I was fortunate to have supportive professors and an education system that encouraged entrepreneurship,” said Seifert. “Along with learning how to become an industrial designer, I learned how to create a pitch deck, write a business plan, and out where to go for funding.”

Prototype lighting fixture created by Design Declassified using recycled plastic, on display in the Fragments to Form exhibition at KCAD

Just a year after launching, Design Declassified is already garnering recognition, earning $10,000 of in-kind technical support through the NextCycle Michigan Accelerator, which supports entrepreneurs working to launch businesses focused on reuse, recycling, composting, and recycled-content projects. The accelerator’s overarching goal is to fuel the development of a circular economy, an economic system in which materials never become waste and nature is regenerated.

The circular economy is a proposed transition from our current linear model, in which we take finite resource stocks, make things out of them, and then dispose of those things when we no longer have use for them.

In the circular economy, products and materials are kept in circulation through an intentional focus on maintenance, reuse, refurbishment, remanufacture, recycling, and composting. The system also provides a new framework for tackling thorny global challenges like climate, biodiversity loss, waste, and pollution by separating economic activity and growth from the consumption of finite resources.

Seifert and Copping at the NextCycle Michigan Accelerator awards event (image courtesy of Design Declassified)

Initiatives like NextCycle Michigan and the circular economy-focused Wege Prize international student design competition, organized by KCAD with support from the Wege Foundation, are aiming to make the state a launchpad for building the economy of the future.

“Succeeding in NextCycle was an incredible accomplishment which enabled us to further our growth and connect with other accelerator programs,” said Seifert. “It’s such a valuable program to advance innovative and sustainable business practices and provide essential resources and support.”

Copping invites anyone interested in design or sustainable entrepreneurship to visit Fragments to Form in the FLEXgallery throughout the fall semester at KCAD.

“This space isn’t about our work being held up on a pedestal, but more about giving people a window into what our past year has been like,” she said. “We’re responding to the doom and gloom about plastic waste with a positive spin about what other people around the world are doing that inspires us, and what we’re going to do in West Michigan.”

Copping showing off  Design Declassified prototypes during an open house event for the Fragments to Form exhibition

Copping and Seifert have also included a space for people to sketch their own products and interiors and pin them up on the wall.

“We’re ready to share and have people give us some fresh perspectives on how they can imagine our product being used,” said Copping. “Come share your thoughts. We need other people's ideas and enthusiasm to keep us going!”

Visit Fragments to Form at the KCAD FLEXgallery, located on the first floor of the Woodbridge N. Ferris Building at 17 Pearl St. NW, now through November 23, .