Global Plastic Furniture Market Report and Forecast 2024-2032

Global Plastic Furniture Market Size

The global plastic furniture market reached approximately USD 15.78 billion in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 24.90 billion by 2032.

Plastic Furniture Market Growth

Plastic furniture refers to furniture made using various types of plastics including polypropylene, polymers, and polyvinyl chloride. Plastic furniture is lightweight, durable, waterproof, and resistant to damage from ultraviolet radiation.

The rapid growth of the hospitality and real estate sectors is a major trend fuelling the growth of the plastic furniture market. Plastic furniture's waterproof and lightweight nature and timeless durability are further increasing their utilisation in commercial and residential sectors.

Plastic Furniture Market Trends

Rapid urbanisation and rising disposable income are other major factors augmenting the demand for luxury and premium plastic furniture, resulting in the rapid growth of the plastic furniture market value.

Increasing adoption of biodegradable plastic furniture is expected to positively influence the market due to its sustainability and non-toxic nature. They are easy to recycle and take less time to decompose after discarding, further increasing their popularity among consumers.

Recent Developments

As per the analysis of the plastic furniture industry, ITALICA, a furniture provider, announced the launch of Phoenix Folding Chair, a plastic furniture, in November 2023, which is lightweight and portable in nature. This chair is also equipped with rubber stoppers to ensure the safety of a person while sitting.

Industry Outlook

The growth of global plastic furniture is driven by increasing consumer preference for lightweight, durable, and cost-effective furniture, alongside advancements in plastic manufacturing technologies and sustainable materials.

As per the plastic furniture industry analysis, in 2022, global plastics production reached 400.3 million tons, marking a year-on-year growth of 1.6%, according to Plastics Europe. This production growth followed the increase in 2021, where production rose by 3.6% to 394 million tons from 380.4 million tons in 2020. The relatively stable growth in 2020 of 0.2% from 379.8 million tons in 2019 contrasts with the more pronounced growth rates seen in subsequent years.

Regionally, China led global plastics production in 2022, contributing 32% of the total output and contributing to the plastic furniture industry revenue. The Rest of Asia followed with a 19% share. North America produced 17% of the global total, while the EU27+3 contributed 14%. The Middle East and Africa collectively accounted for 9% of the production. Japan and CIS countries produced 3% and 2% respectively, and Middle and South America contributed 4%.

Packaging remained the dominant sector for plastic use in Europe in 2021, accounting for 44% of the total consumption. The building and construction industry utilized 18%, while the automotive sector used 8%. Electrical and electronic applications, along with household, leisure, and sports sectors, each represented 7% of plastic consumption. Agriculture accounted for 4%.

Between 2018 and 2023, the global market for plastic furniture experienced significant changes in both imports and exports, according to data from the ITC Trade Map, which boosted the overall growth of the plastic furniture industry.

From 2018 to 2023, global exports of plastic furniture saw a consistent increase. In 2018, the total export value was $2,476.4 million, which rose to $2,529.3 million in 2019. This upward trend continued with exports reaching $2,780.2 million in 2020, $3,327.9 million in 2021, and $3,376.0 million in 2022. By 2023, global exports had grown to $3,585.4 million.

China was the dominant exporter throughout this period in the plastic furniture industry, with export values increasing from $993.5 million in 2018 to $1,799.8 million in 2023, maintaining a 50.2% share of the global market. Italy also showed significant growth, with exports rising from $238.9 million in 2018 to $268.7 million in 2023, capturing 7.5% of the market. Canada’s exports fluctuated but ultimately increased from $132.9 million in 2018 to $147.0 million in 2023, holding a 4.1% share. The United States saw its export value peak at $164.0 million in 2022 before slightly decreasing to $144.6 million in 2023, representing 4.0% of the market.

The global import market for the plastic furniture industry exhibited fluctuations over the same period. In 2018, the total import value was $3,038.5 million, which decreased to $2,907.1 million in 2019 and further to $2,766.6 million in 2020. The market rebounded in 2021 with imports reaching $3,413.4 million, remaining relatively stable at $3,411.5 million in 2022, and then declining to $3,113.3 million in 2023.

The United States was the largest importer, with import value of $813.0 million in 2023, maintaining a 26.1% share of the global market. France’s imports showed a general decline from $195.2 million in 2018 to $165.3 million in 2023, holding 5.3% of the market. Germany’s imports fluctuated, peaking at $195.7 million in 2021 before falling to $160.9 million in 2023, representing 5.2% of the market. The United Kingdom saw a significant rise in imports, peaking at $251.9 million in 2021 but dropping to $147.1 million in 2023, accounting for 4.7% of the market. Canada’s imports increased from $118.1 million in 2018 to $137.3 million in 2023, capturing 4.4% of the global market.

Factors, Such As Cost-Effectiveness and Design Versatility Are Strengthening the Growth of the Global Market

• Cost-Effectiveness: Plastic furniture is generally more affordable than traditional wooden or metal furniture, making it an attractive option for budget-conscious consumers.

• Durability and Maintenance: The resilience of plastic furniture to weather conditions, pests, and corrosion, along with its low maintenance requirements, drives consumer preference and aids plastic furniture demand forecast.

• Design Versatility: Advancements in manufacturing technologies allow for a wide range of designs and colors, catering to diverse consumer tastes and preferences.

• Sustainability Initiatives: Increasing production of eco-friendly and recyclable plastic furniture aligns with growing consumer awareness and demand for sustainable products.

Quality Perception and Raw Material Prices May Impact the Global Market

• Environmental Concerns: Increasing awareness about plastic waste and environmental impact can hinder plastic furniture demand growth.

• Quality Perception: Perception of plastic furniture as less durable and lower quality compared to traditional materials.

• Raw Material Prices: Fluctuations in the cost of raw materials like petroleum-based plastics.

• Competition: High competition from traditional furniture markets and alternative materials.

Key Trends Shaping the Global Market Include Eco-Friendly Products and Innovative Designs

• Eco-Friendly Products: Growing demand for recyclable and sustainable plastic furniture.

• Innovative Designs: As per the plastic furniture market dynamics and trends, advancements in design and manufacturing technology enable more stylish and versatile products.

• Smart Furniture: Integration of smart features and technology in plastic furniture to enhance functionality.

• Customization: Increasing consumer preference for personalized and customizable furniture options.

Competitive Factors in the Global Market

• Competitive factors in the global plastic furniture market include product quality, innovation, and brand reputation. 

• Leading companies focus on developing durable, aesthetically pleasing, and eco-friendly designs to meet consumer demands that can aid the overall plastic furniture demand.

• Competitive pricing and efficient supply chain management are crucial for market success. Additionally, strategic marketing, customer service excellence, and the ability to adapt to changing consumer trends and preferences play significant roles in maintaining a competitive edge in this market.

Key Players in the Global Market and their Strategic Initiatives

• Inter IKEA Systems B.V: Focuses on sustainable practices by using recycled and renewable materials, and offers affordable, innovative designs.

• Keter Group: Invests in advanced manufacturing technologies and sustainable production processes to produce durable, high-quality plastic furniture.

• Nilkamal Limited: Emphasizes a wide range of designs and customization options, while expanding its distribution network and enhancing customer service that can provide lucrative plastic furniture market opportunities. 

• Tramontina: Prioritizes innovation and product development, integrating smart features and eco-friendly materials in its furniture.

• Cello World Limited: Leverages strong brand reputation by focusing on quality, durability, and aesthetically appealing designs, alongside strategic market expansion.

• Supreme Industries Limited: Invests in R&D to innovate new products and improve manufacturing efficiency, while also focusing on sustainability initiatives.

Global Plastic Furniture Industry Segmentations

On the basis of type, the market is segmented into kitchen furniture, living and dining room furniture, bathroom furniture, and outdoor furniture, among others. Based on end user, the market is bifurcated into residential and commercial. By distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online stores, among others. On the basis of region, the plastic furniture market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the plastic furniture market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans

• Inter IKEA Systems B.V.

• Ashley Furniture Industries, Inc.

• Keter Group BV

• Tramontina USA Inc.

• Cosmoplast Ind. Co. (L.L.C.)

• Nilkamal Ltd.

• ScanCom International A/S

• Cello World private Limited

• Supreme Industries Limited

• Vitra International AG

• Patio Furniture Industries

• Others

Plastic Furniture Market Share by End User

The residential segment accounted for a significant market share owing to the rising demand for furniture from households due to their easy availability and low costs. Additionally, manufacturers are focusing on producing durable furniture, which will further enhance the demand of plastic furniture market.

The commercial segment is expected to observe rapid growth over the forecast period owing to the increasing number of commercial establishments including hospitals, schools, and corporate offices, among others.

Plastic Furniture Market Regional Analysis

The Asia Pacific holds a significant share of the market, as increasing inclination towards living a convenient lifestyle is increasing the sales of plastic furniture in the region. Furthermore, the rising population is a crucial trend in plastic furniture market. The availability of well-known brands such as Nilkamal Limited and Cello World Private Limited, and the set up of new companies and offices are other major factors boosting the plastic furniture market demand in the Asia Pacific.

Competitive Landscape

Ashley Furniture Industries, Inc., founded in 1945 and headquartered in Wisconsin, United States, is a furnishing manufacturing company that distributes home furniture products to consumers all across the globe.

Keter Group BV is a resin consumer goods company that was founded in 1948 and is headquartered in Herzliya, Israel. The company offers organising solutions such as deck boxes, seating lounge sets, and workbenches, among other products.

Tramontina USA Inc. was established in 1986 and has its headquarters located in Texas, United States. The company is known for manufacturing and selling cookware, kitchen accessories, porcelain, flatware, and housewares, among others.

Other plastic furniture market players include Inter IKEA Systems B.V., Cosmoplast Ind. Co. (L.L.C.), Nilkamal Ltd., ScanCom International A/S, Cello World Private Limited, Supreme Industries Limited, Vitra International AG, and Patio Furniture Industries, among others.

Key Highlights of the Report

Plastic Furniture Market Report Snapshots

Plastic Furniture Market Size

Plastic Furniture Market Growth

Plastic Furniture Market Trends

Plastic Furniture Companies

Plastic Furniture Market Regional Analysis