Plastic Furniture Manufacturers Bet on Cutting-edge Plastic Molding Technology

Consumer demands in the plastic furniture market evolved on the back of unique characteristics plastics possess. Two most compelling propositions fueling the demands are the inexpensive nature of furniture made of plastics and their low weight. The cost-effective nature of furniture made of plastic as compared to other materials such as metals has allured many a residential user in various parts of the world. The plastic furniture market evolved on the back of the growing discretionary spending of residential buyers on using a range of plastic furniture for aesthetics and functionality. Their light weight has also spurred the use of plastic furniture in events and restaurants.

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The plastic furniture market has advanced on the back of the numerous state-of-the-art technologies adopted by plastics manufacturing companies. One such technologies is computerized designer art molds, equipped with advanced software tools. These companies are also gaining popularity among original equipment manufacturers due to their custom mold manufacturing processes.

Wide Gamut of Colors and Designs Expand Consumer Choices

Makers of plastic furniture have harnessed the potential of novel plastic molding technology to impart range of attractive designs. Together with this, the sheer range of colors in which chairs and tables made of plastics are available is one of the key trends boosting the prospects of the plastic furniture market. Overall, the wide gamut of products that consumers, especially residential users, are exposed to underpins the growing demand in the plastic furniture market. In emerging economies, such as in South Asia, strides made in the construction industry has spurred rise in residential properties, thus propelling the demand for low-cost furniture. The region is expected to play prominent role in future strides the global plastic furniture market is expected to chart during the forecast period of 2018 – 2028. According to a projection, the global market will clock a CAGR of 6% during this period.

Recycled Plastics a Compelling Business Proposition for New Entrants

New avenues come from the use of recycled materials in the manufacturing of plastic manufacturing. More importantly, the use of recycled parts such as plastic recycled granules also adds significant ecological value to such furniture.  Encouraged by the growing popularity of plastics, furniture manufacturers, once confined to metal ones, are expanding their portfolio. They are also leaning on expanding on expanding their distribution channels. In this regard, e-commerce is fast emerging out as the key channel. To a great extent, this is due to the ease of accessibility of products as also the low cost. Millennial consumers want to explore a vast range in online space for purchasing furniture.

The global plastic furniture market is consolidated, with the top players accounting for a share of more than 45% in 2018. However, they are expected to see hard times ahead with the influx of cheap alternative for plastics. The lack of cost-effective plastic molding technologies is still a challenge for manufacturers of plastic furniture. However, recycled plastics are expected to hold on their sheen, rendering plastic furniture an environmentally conscious decision for buyers.

Furniture making companies in several parts of the world are leveraging this proposition to attract buyers. In addition, they are coming with stylish and comfortable designs to expand the choices for residential consumers. In recent years, manufacturers have inked partnership deals with suppliers and pioneers of plastic injection molding solutions to gain a competitive edge over their peers. Further, the deployment of cutting-edge plastic molding technology by plastic furniture has unlocked new revenue stream.