Organic Furniture Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Organic furniture, sometimes referred to as sustainable/ eco-friendly/ recycled or green furniture are a category of furniture that use materials from sustainable forests including wood, rubber wood, bamboo, rattan, and wicker.
The concept of eco-friendly furniture design aims to create a closed-loop cycle in which certified sustainable wood comprising of reclaimed and natural materials and products are perpetually recycled while making furniture and accessories so as to avoid disposal in landfills, thereby reducing the impact of furniture products on the environment. These furniture products are known to have low toxic material levels, are locally manufactured and are very highly durable.
Eco-friendly furniture is quickly replacing the old-fashioned wooden furniture as different furniture items such as sofas, loveseats and recliners are increasingly being made with natural latex cushions and organic fiber upholstery these days.
The global organic or eco-friendly furniture market size is anticipated to grow at a CAGR of around 8.3% over the next few years.
MARKET DRIVERS:
The growth of this market is attributed towards major pertaining factors including; the growing number of health risks associated with traditional furniture which releases harmful pollutants such as volatile organic compounds (VOCs) and causes allergies and other ailments, the soaring concerns regarding global warming and deforestation across the world, the surging awareness among people regarding the alarming levels of pollution and carbon emission, the proliferating demand for eco-friendly buildings across the globe, the burgeoning number of initiatives such as environment-friendly housing projects across different regions, the augmenting prominence of environmental regulations across nations and the increasing attraction of green housing projects among the millennial and generation Z consumers etc.
Additionally, the market players in the existing furniture industry in order to abide by the terms of ecological sustainability and to reduce the environmental impact of furniture are emphasizing on adopting green solutions such as utilizing natural sustainable materials such as wood and recycled materials to make home furnishings for their consumers. This increasing adoption of sustainable measures across the value chain from sourcing to packaging to disposal after the end life of products is aiding in the compliance of the growing eco-friendly shift in several developed and developing regions, which, in turn, is contributing towards the opening of numerous opportunities for the growth of the organic furniture market.
Moreover, there has been a tremendous shift of focus towards office design, which has been proven to impact employee productivity, their physical and mental well-being, and also their retention. The increasing awareness regarding the role of office ambience and design in improving employee productivity and output is persuading the corporates across different regions to incorporate eco-friendly workplaces, which, in turn, widens the scope for the growth of the organic and eco-friendly furniture market.
Furthermore, other factors such as the propelling influx of millennial and generation Z consumers purchasing eco-friendly furniture, the rising shifting in people towards the adoption of sustainable furniture products, the increasing acceptance of eco-friendly workplaces, the burgeoning prevalence of the zero waste and zero commission waves, the growing availability of sustainable furniture in various trade fairs and e-commerce channels, the growing number of collaborations with sellers who reclaim and upcycle furniture and the increasing assortment of eco-labeled and certified furnishings in the stores helping consumers to compare eco-friendly furniture to traditional furniture further contribute towards the growth of the organic furniture market.
ORGANIC FURNITURE MARKET SEGMENTATION:
By Product:
- Beds and Mattresses
- Chair
- Sofas
- Tables & Benches
- Accessories
- Others
By Application:
- Residential
- Commercial
By Distribution Channel:
- Offline
- Online
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
REGIONAL INSIGHT:
The North American region holds the highest share in the organic furniture market which is further expected to maintain its position at the top in the forthcoming years as well. The primary factors responsible for the growth of the market include the rapidly growing green home industry in the major economies of the region, the rapidly augmenting consciousness regarding the impact of the choices made by individuals on the environment in the region, the surging demand for sustainable furniture in the region, the proliferating influx of key manufacturers with handmade furniture products manufactured in the region and the surging demand for eco-friendly residential constructions for families in the developed economies of the region etc. The U.S. and Canada are the major contributors to the region.
The Asia Pacific region is the fastest growing regional market for organic and eco-friendly furniture with further anticipation of its size growing multifold in the upcoming years. The growth of the market in the region could be attributed to factors such as the growing number of infrastructural activities in the developing countries in the region, the rapidly augmenting demand for eco-friendly alternatives across products and services across majority of the domains in the region, the multiplying eco-friendly housing projects in countries such as Australia, Indonesia, and Singapore in the region, the expansion of e-commerce industry and the skyrocketing popularity of outdoor furniture such as bamboo chairs, teakwood center tables, beach beds in the residential as well as commercial spaces in the region etc. The major contributors to the region include India, China and South Korea.
The European region is the second largest market for organic furniture. The region’s growth could be accounted to various primary factors including the increasing number of favorable statutory research and policies by the European Respiratory Review, Landfill Directive and others aiding in the growth of manufacturers in the region, the increasing consciousness among people regarding the usage of organic and eco-friendly materials for the conservation of natural resources in the region, the growing awareness among people regarding the health-affects of traditional furniture and the increasing presence of the key market players in the region etc. The major contributors to the region include Germany, Italy, U.K and France.
FEW KEY PLAYERS IN ORGANIC FURNITURE MARKET:
- Jiangxi Feiyu Bamboo Industry Group Co. Ltd.
- Moso International B.V.
- Vermont Woods Studios
- Plank & Coil.
- T.Y. Fine Furniture Cisco Bros Corp.
- Manchester Woodcraft
- Shenzhen Vincent Handicraft Co. Limited
- The Futon Shop
- Savvy Rest
- Eco Blanza
- Greenington
- Lee Industries Inc.
- Williams-Sonoma Inc.
- La-Z-Boy Inc.
- Other Players
RECENT DEVELOPMENTS:
- In April 2021, Italian bedding manufacturer Magniflex announced the addition of an entry-level mattress to its Toscana collection of high-end bedding. The Cotton Lux 10 is a more affordable alternative for consumers who want the health benefits of an eco-friendly mattress produced using sustainable processes. The cotton used in the cover is said to be certified as organic by the Global Organic Textiles Standard (GOTS) and by OEKO-TEX, two of the world’s most prestigious organizations which provide these certifications.
- In April 2021, Diamond Mattress entered the natural, eco-friendly mattress segment with its two-model Ethos collection. The collection features the company’s patented nested coil and zoned support system, latex, GOTS-certified Joma wool and an organic cotton fabric cover.
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- Publication date: 25th February 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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