Change in lifestyle and increase in modern home renovation further support the growth of eco-friendly furniture market
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. Eco-friendly furniture upholstery and padding is made from recycled materials or natural fibers. To beautify eco-friendly furniture, natural dyes, eco-friendly oils, natural wax, water-based and soy-based finishes are used. The global eco-friendly furniture market has witnessed significant growth and is expected to grow significantly in the coming years owing to the rising 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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Analysis of the COVID-19 scenario
The COVID-19 outbreak has shaken economies around the world. In this scenario, some industries performed extremely well while others suffered losses. The staple food market, the cleaning and hygiene products market, and the medical industry are such categories that have seen significant growth. The overall performance of the home care and decoration market has plummeted during the pandemic. It includes bedding products, cushions market, furniture and other discretionary products. The lockdown in different economies has resulted in an impaired supply chain and unavailability of workers and raw materials, which has hampered production and demand. The end of the lockdown in the countries is expected to lead to 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 increased the demand for rattan and bamboo furniture. Increased awareness of using eco-friendly and recyclable products has prompted consumers to buy eco-friendly furniture.
The surge in disposable income has increased the purchasing power of people in Asia-Pacific countries. People are spending more than before on luxury, comfort and lifestyle products. This change in consumer buying behavior and increased purchasing power has increased the demand for eco-friendly furniture.
Lifestyle change and increase in modern home renovation further support the growth of eco-furniture market, which attracts people to have outdoor garden and porches at home and they buy bamboo, cane, wood and other eco-friendly outdoor furniture. enhance the aesthetic beauty of their home.
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The increase in the number of clubs, bars, hotels and commercial buildings along with the growth in building construction have further propelled the demand for eco-friendly furniture.
Global Green Furniture Market Trends
New product launches to grow the market
Manufacturers focus on producing new products for specific applications as demands vary by use. Market players have launched new innovative and eco-friendly products by incorporating modern technology in the manufacturing process. For example, in February 2019, “Print Your City” launched ecological street furniture made of 100% recycled plastic and sculpted using the 3D printing technique.
A number of disadvantages of eco-friendly furniture, especially bamboo and cane, have limited the market growth.
Wooden, rattan and bamboo furniture painted with natural dyes is easily prone to pests and insects.
Wooden, rattan and bamboo furniture cannot be left outside in galleries or gardens during the rainy season.
Eco-friendly furniture made with recycled materials is easily damaged and can easily crack by putting heavy objects on 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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Key Benefits of the Report
This study presents the analytical representation of the worldwide Eco-Friendly Furniture industry together with current trends and future estimations 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 eco-friendly furniture market share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global eco-friendly 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 competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Green Furniture Market Research Report
Who are the main active players in the eco-friendly furniture market?
What are the current trends that will influence the market in the coming years?
What are the market drivers, restraints and opportunities?
What future projections would help take further strategic action?
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