Global Plastic Cabinets Market: Industry Analysis and Forecast (2020-2026)
Global Plastic Cabinets Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Plastic Cabinets market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Plastic Cabinets market report also provides trends by market segments, technology, and investment with a competitive landscape.
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Global Plastic Cabinets Market Overview
Plastic cabinets are box-shaped furniture with doors and drawers for storing personal and other items. The doors are on the front and are mounted with door hardware and a lock. Some plastic cabinets often have polished surfaces that can be used for display, showcase, or as a surface for work, for example, countertops found in the kitchen. These cabinets are available in different types such as molded, melamine, blister, and others each having a different manufacturing process, used commercially and residentially. Cabinets can be used for multipurpose but people mostly prefer to use them for kitchens and bathrooms. With time plastic cabinets are also preferred as a gifting option due to their lightweight quality and are ideal for kid's rooms where toys and can be stored.
Plastic cabinets are expensive as compared to wooden and metal cabinets, as plastic cabinets are lightweight, affordable, colorful due to which they are preferred by lower-income groups mostly. They require low maintenance and are capable of facing different weathers.
Global Plastic Cabinets Market Dynamics
An increase in urbanization and modernization of residential and commercial are driving the market growth. Plastic cabinets mostly found their use in bedrooms, hotels, bathrooms, offices, kitchens, another due to which their demand has witnessed an upsurge in recent years. Moreover, the availability of different types of cabinets at affordable prices and in colors such as blue, orange, grey, burnt sienna, red, black, and many others impacted positively on the market's growth. Plastic cabinets can be purchased through online distribution channels as well as offline channels such as furniture mart and retailers. Cabinets not only store items but also enhances the interior of the house because of their finishing and color. Due to which the demand for plastic cabinets is high. Thus, propelling the market growth.
Furthermore, plastic cabinets are portable and durable plus an increase in disposable income, a rise in the millennial and young population who prefer their room in the house, and privacy impacted positively on the growth of the market. An increase in the repair and renovation activities has proven to be the most opportunistic for the market rise. As with time wooden and metal, cabinet loses their shape, color, strength, and attractiveness because of which consumers are now migrating towards the purchase of plastic cabinets. They have a longer shelf life and are corrosion-free as compared to metal due to which the plastic cabinet market has recorded substantial growth.
However, plastic cabinets are made up of materials such as plastic, polypropylene (PP), and fiber plastic which is both non- biodegradable and harmful for the environment. Thus, hampering the market growth.
Global Plastic Cabinets Market Segment Analysis
Global Plastic Cabinets Market 1
Based on type, the market is segmented into melamine, blister, molded, and others. The segment of melamine dominates the market. Melamine is the most popular used in modern home cabinetry. Melamine is very durable having a wide range of patterns and hue possibilities. Plywood blended with melamine is the most sustainable and affordable option for cabinetry. Designers use their colouring ability to provide modern designs at a low cost. Products that are engineering using melamine less expensive and as reliable as wood. Melamine types are stain, heat, moisture, and abrasion-resistant used to laminate design on the surface of a plastic cabinet. Its real strength is of design versatility due to which the melamine segment is expected to continue dominating the market. Melamine is also waterproof and can be repaired at home if the fraction of the coating breaks.
Whereas, Blister cabinets are made from blister boards. It uses a medium-density board as an ingredient and has a smooth surface that can be shaped easily. After molding it with a sculpting pattern the patterns have three-dimensional and various appearances. Blister board for plastic cabinets is also called PVC Polymer. The main advantage of blister cabinets is that they are wear-resistant, scratch-resistant, moisture-proof, and waterproof. Due to which the segment has recorded upward movement of the growth curve in recent years.
Based on Application, The market is segregated into commercial and residential. The segment of a commercial application dominates the market due to rapid industrialization and increased attention towards the interior of commercial places. Places like government and private offices, hospitals, schools, banks, laboratories, superstores use plastic cabinets for storing important files and documents, due to which plastic cabinets demand has increased. For commercial purposes, plastic cabinets are purchased in bulk which is less expensive. Moreover, increased customer interest towards wardrobe and cloth management because of high-income level and changed lifestyle played a key factor for the growth of residential segments.
Global Plastic Cabinets Market Regional Insights:
Global Plastic Cabinets Market 2
North America accounted for the largest market share in the last few years because of rapid industrialization and infrastructural development in the region. As the technology is getting advanced in the same way interiors of commercial and residential areas are also getting advanced which are leading towards the purchase and installation of plastic cabinets which are lightweight, durable, affordable, portable, and less expensive plus plastic cabinet enhances the beauty of the room or where ever they are placed. In the USA prevalence of interior design is high as it makes the home elite and gives people more satisfaction. Additionally, Plastic cabinets found their use more now in bathrooms and kitchens in the region. With the USA, Canada holding the highest market share.
In terms of revenue, Asia Pacific is projected to hold a major market share in the coming years. It is due to the rapid installation and adoption of cost-efficient and beautiful plastic cabinets by people and customers of all groups in the commercial and residential area of developing and developed economies of the region, such as India and China. As the Asia Pacific is the fastest developing region in the world with experts saying countries like Thailand, Japan, South Korea, China, and Taiwan's production plans are suitable for the growth of the market which are driving towards the use of more effective and affordable products due to which purchase of plastic cabinets in place of wood and metal cabinets are increasing in the region's commercial sector.
Increased globalization and infrastructural development with the availability of products through both distribution channels boosted the market growth in the Middle East and Africa and South America. Due to extreme external weather conditions in the Middle East and Africa plastic cabinets are the most preferred choice for cabinetry as they are water-proof and heat resistant due to which their use is anticipated to increase with time. Thus, impacting positively on the market situation in the region.
The objective of the report is to present a comprehensive analysis of the Global Plastic Cabinets Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Plastic Cabinets Market dynamics, structure by analyzing the market segments and project the Global Plastic Cabinets Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Plastic Cabinets Market make the report investor’s guide.
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Global Plastic Cabinets Market Scope: Inquire before buying
Global Plastic Cabinets Market 3
Global Plastic Cabinets Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Plastic Cabinets Market Key Players
• Keter
• Datum
• Sterilite
• IKEA
• Metro Design
• Suncast
• Rev-A-Shelf
• Justrite
• Akro-Mils
• Unique Bargains
• Cello
• Tennsco
• JonTi-CrafT
• Hallowell
• Sandusky Lee
• Safco Product
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