The Latin America, Middle East and Africa Plastic Furniture Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
Plastic furniture is low-cost and efficient in comparison to other materials. This aspect is boosting its adoption rate & demand in the global market. In addition to it, there is high availability of plastic furniture in different types, designs, and colors, thereby helping the consumers to match the furniture with the ambiance and requirements of home, hotel, restaurant, and offices. This is the new emerging trend in the market which is expected to augment the demand for the product in the next few years. Along with having attractive designs and vibrant colors, plastic furniture is considered as highly durable.
As the chairs made up of wooden and metal are stiff, they easily get damaged or deformed. However, there is a high amount of flexibility in plastic furniture which makes it strong and resistant to pressure and damages. Moreover, plastic furniture is considered as a cost-effective option in comparison to metal and wooden furniture. Further, there are resistant to corrosion and do not put any mark on pavements, tiles, or other areas of houses and hotels, which leads to encouraging more customers to purchase these products. Hence, these factors are acting as catalysts for the growth & adoption of plastic furniture around the world.
Africa has become one of the leading geographies in the international plastics and packaging sector where plastics furniture and goods are witnessing massive demand. The plastics industry in Africa is observing huge development as demand for plastic furniture and goods in Africa is expected a steady growth rate. The overall economy of Africa is presently witnessing high growth. The majority of countries in this region have experienced strong economic growth. Therefore, people residing in this region are looking for highly durable and attractive furniture. In this respect, plastic furniture fulfills all the demands.
In addition to it, consumers in UAE are prospering rapidly; hence they look for a stylish range of furniture. Many makers of plastic furniture are offering elegant designs in order to cater to the increasing demand for plastic furniture in the country. Therefore, these aspects are likely to push the growth of the regional plastic furniture market.
The Residential market dominated the Saudi Arabia Plastic Furniture Market by End User 2020, thereby, achieving a market value of $151.7 million by 2027, growing at a CAGR of 9.7 % during the forecast period. The Commercial market is expected to witness highest CAGR of 11.1% during (2021 - 2027).
Based on Type, the market is segmented into Kitchen Furniture, Living and Dining Room Furniture, Outdoor Furniture and Bathroom Furniture. Based on End User, the market is segmented into Commercial and Residential. Based on Distribution Channel, the market is segmented into Specialty Stores, Modern Trade, E-commerce and Direct-to-customers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Plastic Furniture Market is Predict to reach $19.7 Billion by 2027, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cello Group, Avon Furniture Factory L.L.C, Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), Keter Group B.V. (BC Partners), Nilkamal Limited, Pil Italica Lifestyle Limited (Dawood Investment Private Limited), ScanCom International A/S (Jysk A/S), The Supreme Industries Ltd., Tramontina Multi S. A., and Uma Plastics Limited.
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