According to a new report, published by KBV research, The Global Eco-friendly Furniture Market size is expected to reach $81 billion by 2030, rising at a market growth of 8.3% CAGR during the forecast period.
The Residential market dominated the Global Eco-friendly Furniture Market by Application in 2022; thereby, achieving a market value of $43.9 billion by 2030. Eco-friendly furniture is typically made with non-toxic and low-VOC materials, reducing the emission of harmful chemicals into the indoor air, and promoting better indoor air quality. Eco-friendly furniture reduces its environmental impact and helps to preserve natural resources by utilizing renewable and sustainable materials. Eco-friendly sofas are often made with sustainable materials like FSC-certified wood, natural latex, and organic fabrics.
The Online segment is experiencing a CAGR of 9.8% during (2023 - 2030). Online platforms provide consumers with the convenience of shopping for eco-friendly furniture from the comfort of their homes or offices. This accessibility is especially attractive to busy individuals who may not have the time to visit physical stores. E-commerce websites typically provide detailed product descriptions, including information about the materials used, certifications, and eco-friendly features. This transparency helps consumers make informed decisions based on the sustainability criteria they prioritize.
The North America region dominated the Global Eco-friendly Furniture Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $34.1 billion by 2030. The Europe region is poised to grow at a CAGR of 8.2% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 9.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/eco-friendly-furniture-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Inter IKEA Systems B.V., Cisco Brothers Corp., Greenington Fine Bamboo, Williams-Sonoma, Inc., Ashley Furniture Industries, LLC, Lee Industries, Inc., Sabai Design, Inc., La-Z-Boy Incorporated, Ethan Allen Interiors Inc., and Maiden Home, Inc.
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