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Plastic Furniture Market 2025 Future Scope, Size Estimation | Revenue, Pricing Trends, Regional Outlook

The global Plastic Furniture Market size is projected to touch USD 15.5 billion by the end of 2025, according to a new report released by Million Insights. It is estimated to grow at a CAGR of 3.9%from 2019 to 2025.Factors such as low maintenance, flexibility, cost-effectiveness, lightweight, and durability plastic products are projected to accelerate the market growth.

The global market is anticipated to be driven by growing demand for flexible, multiuse, and versatile furniture having easy portability and suitability for both large and small spaces. Further, growing various commercial and residential projects in hospitality and real estate segment is expected to propel the market growth during the forecast period.

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Market Synopsis of Plastic Furniture Market:

Customers growing preference for sustainable products are encouraging manufacturers to produce eco-friendly furniture. The evolving trend of go green is projected to promote the demand for sustainable plastic furniture over the estimated duration. Further, environmental concerns relating to deforestation are predicted to supplement the demand for the product.

Furniture made up of recycled ocean waste and bottles are widely used for outdoor application. For example, a Denmark based company named ScanCom International A/S introduced DuraLand and DuraOcean, a type of furniture made up of land and ocean waste to produce completely recycled products.

The residential application segment led the market in 2018 and is projected to grow rapidly in the upcoming years. Factors such as growing urbanization, increasing demand for outdoor furniture, growing preference for soft furniture and playroom for children, and an increasing population of middle income group are boosting the demand for the product.

The commercial application is predicted to foresee substantial growth from 2019 to 2025 due to the emerging economy resulting in growing tourism, hotel industry and office spaces. Plastic furniture is demanded on a contract basis for large scale events which in turn predicted to boost the segment growth. However, wood and metal made furniture are preferred in commercial spaces as they offer aesthetic appearance and stylish look to the infrastructure.

Online channel is anticipated to be the rapidly growing segment in the plastic furniture market due to factors such as easy accessibility of a wide range of choices, doorstep delivery, easy comparison, ease of purchasing and lucrative offers and hefty discounts.

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/global-plastic-furniture-market

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Plastic Furniture: Market Variables, Trends & Scope              

Chapter 4 Plastic Furniture: Product Estimates & Trend Analysis

Chapter 5 Plastic Furniture: Application Estimates & Trend Analysis

Chapter 6 Plastic Furniture: End-use Estimates & Trend Analysis

Chapter 7 Plastic Furniture: Industrial End-use Estimates & Trend Analysis

Chapter 8 Plastic Furniture: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Plastic Furniture: Manufacturers Company Profiles

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