The North America Sustainable Home Decor Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
The home decor sector is one of the main causes of the loss of forest cover globally. In addition, the processing of these goods uses a lot of chemicals, which makes it dangerous and in no way sustainable. Sustainability and recyclable materials have a role in this. It is crucial to consider carbon footprint while constructing homes. One way to make this market more sustainable is by understanding that home decor is a need-based sector rather than one that is driven by trends. These investments are made for a longer length of time, thus it's probable that if they are based on a trend, they will become obsolete with the new trend.
The growing popularity of sustainability as a dominant trend in house design and renovation is gaining traction in the market as a means of reducing emissions. By taking the architecture and interior design into consideration, a sustainable home can be built. This involves considering the building block's orientation for passive heating and cooling, water use, and how to maximize natural light.
The change in the perception of consumers of how purchasing decisions affect the environment is contributing to an increase in the demand for sustainable home decor in the area. The U.S. green building business is expanding quickly, opening the way for more environmentally friendly fixtures that are sustainable. Because of this, people are very interested in creating a green atmosphere inside their homes, which increases the demand for eco-friendly goods. Additionally, the market in North America is expanding as a result of the region's growing influx of manufacturers who produce handmade goods made in the United States.
The US market dominated the North America Sustainable Home Decor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $85,465.2 million by 2028.The Canada market is poised to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.2% during (2022 - 2028).
Based on Price Point, the market is segmented into Mass and Premium. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/Hypermarket, Ecommerce and Others. Based on Income Group, the market is segmented into Higher Income, Upper Middle Income and Lower Middle Income. Based on Product Type, the market is segmented into Floor Covering, Furniture and Home Textile. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Sustainable Home Decor Market is Predict to reach $415.7 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Armstrong World Industries, Inc., Mohawk Industries Inc., Inter IKEA Systems B.V., Herman Miller, Inc., Forbo Management SA, Kimball International Inc., Ashley Furniture Industries, LLC, Cisco Brothers Corp., Duresta Upholstery Ltd., and Greenington Fine Bamboo.
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