Global Green Furniture Market Opportunity Analysis and Industry Forecast, 2021-2030
POTLAND, 5933 NE WIN SIVERS DRIVE, # 205, OR 97220, UNITED STATES, November 10, 2021 /EINPresswire.com/ – Eco-responsible furniture is made of durable materials such as cane, bamboo, abaca wood and teak wood. Eco-friendly furniture is also made from recycled glass and metal. The upholstery and upholstery of ecological furniture are made from recycled materials or natural fibers. To beautify the environmentally friendly furniture, natural dyes, environmentally friendly oils, natural wax, water-based and soy-based finishes are used. The global eco-friendly furniture market has experienced significant growth and is expected to grow significantly over the next few years due to the growing popularity of eco-friendly products.
Vermont Woods Studios, Jiangxi Feiyu Bamboo Industry Group, Greenington, Cisco Bros, La-Z-Boy, Manchester Woodcraft, Shenzhen Vincent Handicraft, Williams-Sonoma, Lee Industries, Moso International
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COVID-19 scenario analysis
The COVID-19 epidemic has rocked economies around the world. In this scenario, some industries performed very well while others suffered losses. The staple food market, the cleaning and hygiene products market and the medical industry are categories that have experienced significant growth. The overall performance of the home care and decoration market fell during the pandemic. It includes bedding products, the cushion market, furniture and other discretionary products. Lockdown in different economies has resulted in a degradation of the supply chain and unavailability of workers and raw materials, hampering production and demand. The end of the lockdown in countries is expected to result in a significant increase in consumer traffic in the eco-friendly furniture market.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
The growing popularity of eco-friendly home decor items has driven up the demand for rattan and bamboo furniture. The growing awareness of using eco-friendly and recyclable products has prompted consumers to buy eco-friendly furniture.
The upsurge in disposable income has strengthened the purchasing power of people living in Asia-Pacific countries. People are spending more than before on luxury, comfort and lifestyle products. This change in consumer purchasing behavior and the increase in their purchasing power have increased the demand for environmentally friendly furniture.
The change in lifestyle and the increase in modern home renovation further supports the growth of the green furniture market, which makes people have an outdoor garden and galleries in their homes and they buy outdoor bamboo, cane, wood and other eco-friendly furniture to enhance the aesthetic beauty of their home.
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The increase in the number of clubs, bars, hotels and commercial buildings as well as the growth in real estate construction have further boosted the demand for environmentally friendly furniture.
Global trends in the ecological furniture market
Launch of new products to grow the market
Manufacturers are focused on producing new products for specific applications, as demands vary based on use. Market players have launched new innovative and environmentally friendly products by incorporating modern technology into the manufacturing process. For example, in February 2019, “Print Your City” launched ecological street furniture made from 100% recycled plastic and sculpted using the 3D printing technique.
A number of downsides of eco-friendly furniture including bamboo and cane have limited the growth of the market.
Furniture made of wood, rattan and bamboo painted with natural dyes are easily prone to pests and insects.
Wood, rattan and bamboo furniture cannot be left outside in galleries or gardens during the rainy season.
Eco-friendly furniture made from recycled materials is easily damaged and can crack easily when putting heavy objects in it.
Rattan and bamboo furniture are available in limited shades and colors because the surface of bamboo furniture is too smooth to hold paint.
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Main advantages of the report
This study presents the analytical description of the global Green Furniture industry along with current trends and future estimates to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global ecological furniture market share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global ecological furniture market.
Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
The report provides a detailed analysis of the global eco-friendly furniture market based on the intensity of competition and how the competition will take shape in the coming years.
Questions Answered In The Green Furniture Market Research Report
Who are the main players active in the eco-responsible furniture market?
What are the current trends that will influence the market in the coming years?
What are the driving factors, constraints and opportunities in the market?
What future projections would help to take new strategic actions?
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