The Asia Pacific Sustainable Home Decor Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Designers choose woolen carpets over polyvinyl when creating rugs, mats, and carpets because they are more effective and environmentally beneficial. In comparison to homes that don't apply sustainable practices, homes that do make use of them are simpler to operate.
The desire for eco-friendly designs is also being driven by the rising health concerns associated with traditional furniture, which emits dangerous pollutants like volatile organic compounds (VOCs) and causes allergies, headaches, and asthma. As a result, consumers are becoming more interested in eco-friendly furniture made with few chemicals. The potential health impacts of indoor VOC exposure on consumers are a major source of worry, as people spend 90% of their time indoors on average. Additionally, the concentration of VOCs and particles in indoor environments is 100 times higher than it is outside. As a result, consumers are gravitating more and more toward buying sustainable furniture products.
The Asia Pacific sustainable home decor market's growth is supported by a combination of rising innovation and increasing consumer desire for aesthetically sophisticated furnishings. As a result of technological improvements, manufacturers now have access to an unprecedented number of construction and design options. In previous years, the demand for furniture as a whole has also been stimulated by the entry of large furniture makers into the Asia Pacific region.
The China market dominated the Asia Pacific Sustainable Home Decor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $43,133.1 million by 2028.The Japan market is estimated to grow a CAGR of 5.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.4% during (2022 - 2028).
Based on Price Point, the market is segmented into Mass and Premium. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/Hypermarket, Ecommerce and Others. Based on Income Group, the market is segmented into Higher Income, Upper Middle Income and Lower Middle Income. Based on Product Type, the market is segmented into Floor Covering, Furniture and Home Textile. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sustainable Home Decor Market is Projected to reach USD 415.7 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Armstrong World Industries, Inc., Mohawk Industries Inc., Inter IKEA Systems B.V., Herman Miller, Inc., Forbo Management SA, Kimball International Inc., Ashley Furniture Industries, LLC, Cisco Brothers Corp., Duresta Upholstery Ltd., and Greenington Fine Bamboo.
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