Resin Furniture Market to Grow with a CAGR of 6.5% Globally through 2028
Global Resin Furniture Market continues
to thrive due to factors such as consumer preferences for natural and organic
products, the integration of hydration and wellness, and the growing demand for
customization and personalization.
According to TechSci Research report, “Global Resin
Furniture Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Resin Furniture Market stood at USD 19.45
billion in 2022 and is anticipated to grow with a CAGR of 6.5% in the forecast
period, 2024-2028. The global resin furniture market is a multifaceted and
dynamic industry with a wide array of factors influencing its growth and
development.
Resin furniture, often referred to as plastic
furniture, is a versatile and durable type of furniture made from high-quality
resin materials. This type of furniture has gained immense popularity due to
its versatility, weather-resistant properties, and aesthetic appeal. Resin
furniture can be found in a variety of settings, including homes, gardens,
patios, poolside areas, and commercial establishments such as restaurants and
hotels. It offers an affordable and low-maintenance alternative to traditional
wooden or metal furniture.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Resin
Furniture Market”
One of the primary drivers of growth in the resin
furniture market is its durability and ability to withstand various weather
conditions. Resin furniture is impervious to rain, sun, and extreme
temperatures, making it an ideal choice for outdoor use. Consumers value its
long lifespan and resistance to wear and tear. Resin furniture requires minimal
maintenance compared to other materials like wood or metal. This
low-maintenance characteristic appeals to consumers who seek hassle-free
furniture solutions. The ease of cleaning and upkeep enhances its popularity. Resin
furniture is available in a wide range of designs, styles, and colors, making
it a versatile choice for various settings and décor themes. Its aesthetic
appeal complements both indoor and outdoor environments, catering to diverse
consumer preferences.
Resin furniture is often more affordable than
furniture made from other materials, such as wood or metal. This affordability
appeals to budget-conscious consumers seeking cost-effective yet stylish
furniture options. Many resin furniture manufacturers have adopted eco-friendly
production methods, including the use of recycled materials and sustainable
sourcing of raw materials. This commitment to sustainability resonates with
environmentally conscious consumers and contributes to the market's growth.
The rise of e-commerce has transformed the furniture
retail landscape, providing consumers with a convenient and accessible platform
to browse and purchase resin furniture. E-commerce channels offer a wide
product selection, competitive pricing, and the ability to compare different
brands and designs, enhancing consumer convenience. The trend of creating
comfortable and inviting outdoor living spaces has gained traction worldwide.
As more people invest in transforming their patios, decks, and gardens into extensions
of their homes, the demand for high-quality outdoor furniture like resin sets
has surged.
The market is highly competitive, with numerous brands
offering a wide range of resin furniture. To stand out, brands must
differentiate themselves through innovation, quality, and effective marketing
strategies. Ensuring a consistent supply of high-quality resin materials can be
challenging for some brands. Variations in material quality can affect the
durability and aesthetics of the furniture. The rise of counterfeit and
low-quality furniture poses a risk to both consumer satisfaction and brand
reputation. It is essential for consumers to purchase from reputable sources to
ensure product authenticity. Compliance with regulations and standards for
furniture safety and materials can be complex and vary by region. Brands must
navigate these regulations to market their products globally.
Packaging and waste from furniture products, including
resin furniture, contribute to environmental concerns. Brands are under
increasing pressure to adopt sustainable packaging solutions and
environmentally friendly practices. Brands are increasingly adopting
eco-friendly production methods, including the use of recycled materials,
sustainable sourcing, and environmentally responsible manufacturing processes.
Some brands are incorporating smart technology into
resin furniture, such as built-in lighting, charging stations, and remote
control features. Many resin furniture brands offer customization options,
allowing consumers to choose colors, patterns, and styles that match their
preferences. Lightweight and stackable resin furniture is becoming popular for
its portability and space-saving capabilities. Ongoing research and development
are leading to innovations in resin materials and coatings, enhancing the durability
and aesthetics of resin furniture.
The COVID-19 pandemic had a significant impact on the
furniture industry, including resin furniture. Lockdowns and restrictions on
indoor gatherings prompted many people to invest in creating comfortable and
inviting outdoor living spaces. This led to a surge in demand for resin
furniture. As restrictions eased, the market demonstrated resilience, with
brands continuing to meet changing consumer needs and safety concerns.
Brands will continue to adopt eco-friendly and
sustainable production methods to meet consumer expectations and reduce their
environmental footprint. E-commerce will remain a dominant distribution
channel, with brands focusing on enhancing the online shopping experience and
offering more personalized recommendations and efficient delivery options. Ongoing
innovation in resin furniture design and materials will provide consumers with
a wide range of attractive and durable options. The integration of smart technology
into resin furniture is expected to grow, providing consumers with convenient
and connected features.
The global resin furniture market is segmented into type,
form, distribution channel, regional, and company.
Based on the type, polypropylene segment emerged as
the dominant player in the global resin furniture market. Polypropylene resin
furniture is renowned for its outstanding durability and exceptional weather
resistance. This material can withstand the harshest outdoor conditions,
including rain, UV exposure, and extreme temperatures, without warping,
cracking, fading, or deteriorating. This resilience to the elements makes
polypropylene resin furniture an attractive choice for consumers seeking
long-lasting outdoor furniture solutions.
Based on region, North America has a significant share
of the global resin furniture market. North American consumers appreciate the
low maintenance requirements of resin furniture, which stands in stark contrast
to furniture made from other materials like wood or metal. Resin furniture's
resistance to stains, spills, and weather damage, coupled with its
straightforward cleaning and upkeep, makes it a practical choice. This ease of
care aligns with the fast-paced lifestyles of many consumers in the region.
Major companies operating in Global Resin
Furniture Market are:
- IKEA
- Mainstay
- McCourt
- MityLite
- Drake
- Lifetime
- Siddhi Polymers
- Qingdao Blossom Furnishings
- Comseat
- Atlas Commercial Products
Download
Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global resin furniture market is a thriving and
diverse sector within the furniture industry, characterized by its durability,
low maintenance, versatility, and aesthetic appeal. As consumers increasingly
invest in creating appealing indoor and outdoor spaces, the demand for resin
furniture is expected to remain robust. Brands that adapt to changing consumer
needs, embrace sustainability, and offer innovative, stylish, and durable
solutions are likely to thrive in this dynamic and evolving market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Resin Furniture Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (Polypropylene, ABS
Polymer, PVC, Polycarbonate, Polystyrene, Others), By Form (Chairs, Tables,
Cabinets, Shelves, Sofas, Others), By Distribution Channel (Online, Offline),
By Region, By Competition, 2018-2028, has evaluated the future growth potential of global resin
furniture market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global resin furniture market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com