The project report includes Present Market Position and Expected Future Demand, Market Size, Statistics, Trends, SWOT Analysis and Forecasts. Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
The hunt for lightweight and affordable materials in the furniture industry is giving rise to the adoption of plastics in lieu of heavy-weight metals in modern furniture designs. Owing to the high-performance material properties of plastic, the demand for plastic furniture is likely to surge rapidly in the upcoming years.
The business of Molded Furniture has marked its place in the country through growth during the last ten years. This growth has opened up new opportunities. The prime reason for this is awareness about the product. Along with that, companies are offering conditional warranty of plastic chairs minimizing risk of customer. Molded Furniture is basically produces in developed countries to be used as Lawn Furniture and outdoor restaurants.
One of the most important plastics processing operations, in terms of variety of products made and amount of material handled, is injection molding. This production method now is being used to manufacture items from practically every known plastic.
Manufacturers in the plastic furniture market are modifying their business strategies to capitalize on the growth of the e-commerce industry as a potential distribution channel, as millennial consumers are highly inclined towards purchasing furniture online.
With the growing awareness about the negative impacts of plastic pollution on the environment, the adoption of recycled plastic materials is expected to increase in the plastic furniture market.
Injection molding is somewhat unusual among production methods in that essentially the entire process in carried out on the injection molding machines were similar in general design to metal die casting machines, but the processing characteristics of plastic have led to change in design & evolution that are still going on. The product injection molded plastic furniture are the products produced by these injection molding machines with varied shape & size along with different colour & shades according to the choice of customers & even according to the pattern as per the modern society such as office culture, drawing rooms of houses, which give style & liking of consumers.
At present, these injection molded plastic furniture frequently used at every mode of the social occasions & places.
The global market for plastic furniture has been witnessing healthy growth with commercial sector accounting for more than one-third share of the market revenues. However, with the increasing growth of the construction industry worldwide, especially in developing countries, the demand for plastic furniture is expected to surge significantly in the residential sector.
Leading manufacturers in the plastic furniture market account for over 45% revenue share of the market. Market leaders are predominantly focusing on expanding distributors’ network and strengthening their geographical foothold in the market.
New entrants and start-ups in the plastic furniture market are concentrating on launching innovative designs and cheaper alternatives to plastic furniture to gain recognition and create brand identity in the market.
A mounting number of small businesses are entering the plastic furniture market with an environmental conscience by launching new designs of plastic furniture made of recycled plastic, in order to capitalize on the growing consumer demand for eco-friendly products.
This type of chair is injection moulded. This manufacturing process is most cost effective for batch produced pieces of furniture. The initial sets up costs are high as expensive equipment is needed. The development and skillful manufacture of a dye (former) is an expensive task. However, if thousands of these type of chair are to be manufactured each chair is relatively cheap. Each chair should be of the same high quality. The modern contemporary materials suit a modern style and environment.
It is intended to prepare a Feasibility Report to install 120000 Nos/Year Plastic Moulded Chairs production facilities as a Green Field Project.