The plastic furniture market is anticipated to expand significantly, reaching a value of USD 21.88 billion by 2031, according to a recent report by Mordor Intelligence. The growth is attributed to factors such as the increasing popularity of lightweight furniture designs, rising urbanization, and a growing demand for outdoor furniture.
The report highlights that plastic furniture’s durability, affordability, and ease of maintenance make it an attractive option for both residential and commercial use. Additionally, the versatility of plastic materials supports innovative designs that cater to modern living spaces.
**Why this matters**
Understanding the growth trajectory of the plastic furniture market is important for manufacturers, retailers, and investors as it signals shifting consumer preferences and emerging opportunities. The trend toward urban living and outdoor leisure activities is driving demand, influencing product development and marketing strategies within the furniture industry.
Source: NewsData