The global plastic furniture products market was valued at USD 5.2 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The market is expected to be driven by the increasing demand for durable and comfortable furniture products in both residential and commercial settings. Furthermore, the development of innovative and cost-effective manufacturing processes such as injection molding, extrusion and thermoforming is expected to fuel growth in the market.

The increasing demand for plastic furniture products from the hospitality sector is a major factor driving the market. The hospitality sector is increasingly opting for plastic furniture products due to their lightweight, durability and cost-effectiveness. Furthermore, the growing trend of outdoor dining and events is leading to increased demand for plastic furniture products. The rising demand for plastic furniture products in office and commercial settings is also driving the market. Plastic furniture products such as chairs, tables and stools are increasingly being used in office and commercial settings due to their durability, easy maintenance, and cost-effectiveness.

The increasing trend of customization is also driving the market. Many market participants are offering customizable options for plastic furniture products in order to meet the specific requirements of their customers. Furthermore, the development of new designs and shapes for plastic furniture products is also aiding market growth. The development of multi-purpose furniture products such as convertible tables and chairs is also expected to drive the market.

The increasing focus on sustainability is also expected to drive the market in the coming years. Many market participants are manufacturing plastic furniture products using recycled PET bottles and other recycled materials. This is helping them reduce their environmental impact and also offer cost-effective solutions to their customers. Furthermore, the increasing use of bioplastics, which are biodegradable and recyclable, is expected to aid market growth.

The increasing trend of online shopping is also expected to drive the market in the coming years. Many market participants are offering their products on online platforms, which is helping them gain a wider customer base. Furthermore, online platforms are also providing lucrative offers, discounts, and other incentives, which is further driving the market.

The plastic furniture market is estimated to be valued at USD 14.17 billion in 2022, registering a CAGR of 5.8% during the forecast period. The increasing demand for lightweight furniture is primarily driving the growth of the market. Plastic furniture products are light in weight, making them easier to transport and assemble than wooden and metallic furniture. Moreover, plastic furniture is available in bright colors, which makes it an attractive and affordable option for consumers. In addition, growing demand for outdoor furniture is anticipated to boost the demand for plastic furniture in the coming years.

The plastic chairs segment is expected to dominate the market and accounted for a share of around 52.2% in 2022. Plastic chairs are highly preferred in the hospitality industry due to their lightweight and attractive design. Furthermore, rising demand for lightweight furniture in residential and commercial spaces is expected to boost the demand for plastic chairs over the forecast period. Additionally, growing awareness among consumers regarding the advantages of plastic chairs is also likely to increase the market growth.

The offline segment held the major share of over 59.3% in 2022. Offline stores offer a wide range of plastic furniture products to consumers and can provide additional services, such as delivery, installation, and maintenance. These stores provide a physical experience to customers, allowing them to touch, feel, and compare the product. Furthermore, customers can also obtain information and advice from store staff, which helps them make an informed decision. Offline stores also offer discounts, promotional offers, and other promotional activities to attract customers.

The online segment is expected to register the highest CAGR of 8.2% over the forecast period. The increasing adoption of e-commerce platforms by consumers is a major factor driving the growth of the segment. In addition, the availability of a wide range of plastic furniture products and discounts offered by e-commerce websites are further propelling the growth of the segment. Furthermore, the increasing access to the internet and the growing digitalization of the retail industry are further supplementing the growth of the segment.

The injection molded plastic furniture segment accounted for the largest revenue share of 43.3% in the year 2022. Injection molded plastic furniture is light in weight, has superior design and shape, and is highly durable. This segment is further driven by the increasing demand for lightweight furniture from commercial and residential customers. Also, the availability of a wide range of designs, colors, and textures is boosting the sales of injection molded plastic furniture.

The thermoformed plastic furniture segment is anticipated to expand at the highest CAGR of 8.7% over the forecast period. Thermoformed plastic furniture is highly durable, light in weight, and has superior design. Furthermore, thermoformed plastic furniture is cost effective, which is also driving its demand in the market. Moreover, the growing popularity of high-end furniture is also expected to drive the market during the forecast period.

Europe is expected to be the largest contributor to the global market with a share of 42.2% in 2022. This growth is mainly driven by the presence of a large number of producers in the region. Moreover, the increasing demand for plastic furniture in commercial and residential sectors is further increasing the market growth. The implementation of stringent regulations in the European Union for the use of plastics in furniture is expected to be one of the major factors driving the growth of this market.

Asia Pacific is expected to be the second-largest region in terms of revenue and is estimated to grow at a CAGR of 7.3% over the forecast period. Growing population, increasing disposable income levels, and rising awareness regarding the advantages of plastic furniture are some of the key factors that are propelling the growth of this market in the region. Additionally, the presence of a large number of manufacturers in the region is further expected to fuel the growth in the region.

In this part of the plastic furniture products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your plastic furniture products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a plastic furniture products business comes from sales of furniture products to customers, wholesalers and retailers. Additional sources of revenue may include sales of components and parts, licensing fees and royalties.

Projecting Expenses
In this section, all the regular expenses related to keeping the plastic furniture products business running will be described. The list of operating expenses includes materials and supplies, wages, marketing and advertising, shipping and delivery, maintenance and repairs, utilities, insurance policies, and others.

Some of the major companies operating in the plastic furniture market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, IKEA launched a new range of plastic furniture in India.

– In July 2022, Plastica launched a new range of plastic chairs with comfortable seating and an ergonomic design.

– In September 2022, Polywood launched a new range of plastic furniture made from recycled plastic.

Some of the prominent players in the plastic furniture market include:

– IKEA
– Plastica
– Polywood
– Keter
– Lifetime Products, Inc.
– HDPE Furniture
– Steron Furniture
– MAPP International
– Armac Martin
– Global Furniture Group

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global plastic furniture products market based on product type, material type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Tables
– Chairs
– Sofa Sets
– Stools & Benches
– Beds
– Others

2. Material Type Outlook (Revenue, USD Million, 2017 – 2030)

– Polypropylene
– Polyethylene
– Polyvinyl Chloride
– Polystyrene
– Others

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Factors Driving the Plastic Furniture Market?
[A]: Key factors driving the plastic furniture market include the increasing demand for lightweight, durable and cost-effective plastic furniture, the rising disposable income of consumers, and the growing preference for plastic furniture over traditional furniture. Additionally, the increasing availability of various types of plastic furniture, such as modern and classic designs, is also driving the market.

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is expected to be a key factor in driving the plastic furniture market over the forecast period. Manufacturers are focusing on introducing innovative products to cater to the needs of the consumers in terms of aesthetic appeal, durability, and cost-effectiveness. Various technology advancements, such as 3D printing, are also being adopted by manufacturers to create innovative products.

[Q]: Who are the Key Players in the Plastic Furniture Market?
[A]: Key players in the plastic furniture market include Herman Miller Inc., Steelcase Inc., IKEA Group, Ashley Furniture Industries Inc., La-Z-Boy Inc., Sauder Woodworking Co., and Knoll Inc.

[Q]: What are the Different Types of Plastic Furniture?
[A]: The different types of plastic furniture include office chairs, lounge chairs, school chairs, computer chairs, stools, tables, and sofas. These plastic furniture products are available in various shapes and sizes, as well as in different materials, such as polypropylene, polyethylene, and polycarbonate.

[Q]: Which Region Offers the Largest Opportunity for Sales of Plastic Furniture?
[A]: Asia Pacific is expected to be the largest market for plastic furniture in terms of sales and consumption, due to the increasing demand for lightweight, durable, and cost-effective plastic furniture in the region. The presence of a large number of manufacturers, along with the increasing consumer spending on furniture, is expected to drive the market in the region.