Bio Furnishing Market

Market Study on Bio Furnishing: Online Retailing to Gain Traction Over Coming Years

Bio Furnishing Market Segmented By Chairs, Tables, Beds, Desks, Cupboards Product Type for Residential and Commercial

Bio Furnishing Market Outlook (2022-2032)

The global bio furnishing market is projected to expand rapidly at 8.3% CAGR and reach US$ 95.1 Bn by the end of 2032, up from its current market size of US$ 42.8 Bn.

Worldwide sales of bio furniture account for 24%-29% share of the global furniture market at present.

Bio Furnishing Market Size (2022)

US$ 42.8 Bn

Projected Market Sales (2032)

US$ 95.1 Bn

Market CAGR (2022 to 2032)

8.3%

Market Share of Top 5 Bio Furnishing Manufacturers

14% to 18%

Find Out More about the Report Coverage

Companies

  • Vermont Woods Studios
  • Cisco Bros. Corp.
  • Manchester Woodcraft
  • Greenington
  • Lee Industries, Inc.
  • Williams-Sonoma Inc.
  • La-Z-Boy Inc.
  • Jiangxi Feiyu Bamboo Industry Group Co. Ltd.
  • Moso International B.V.
  • Shenzhen Vincent Handicraft Co., Limited.
  • Other Players (As Requested)

Demand Analysis of Bio Furnishing (2017 to 2021) Vs. Market Projections (2022 to 2032)

From 2017 and 2021, demand for bio furnishing products across the world increased at a CAGR of 6.2%, with the United States, Japan, China, India, and the U.K. holding significant shares in the worldwide market.

The global furniture market has been witnessing significant growth in terms of value sales, which can be attributed to the rising demand from various countries, especially those in Europe, South Asia, and North America. Attributed to the rise in the number of customers in the global furniture industry, the market has been evolving in terms of product offerings as well as quality.

Increasing demand for furniture has resulted in wastage in the environment and has led to the rise in pollution problems as well. To overcome this issue, market leaders are focusing on bio furnishing products, also called ecological furniture made up of biogenic material. The production of such furniture is done with the help of natural and renewable sources from the environment.

Over the next ten years, worldwide sales of bio furnishing are anticipated to increase at 8.3% CAGR.

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What is Aiding the Sales Growth of Bio Furnishing?

“Increasing Health Issues Due to Volatile Organic Compounds Driving Sales of Bio Furnishing”

Increased health hazards posed by conventional furniture, which emits hazardous pollutants such as volatile organic compounds (VOCs) and causes allergies, migraines, and asthma, are driving the need for eco-friendly interiors. As a result, there is a growing trend for bio furniture made with minimal chemicals.

Due to the potential health impacts on consumers, indoor VOC exposure is a major source of concern. Furthermore, the concentration of VOCs and particles in interior settings are 100 times higher than in outdoor spaces. As a result, customers are rapidly migrating toward the use of environment-friendly furniture.

Initiatives to Conserve Environment Aiding Market Expansion”

The expanding significance of sustainability as a popular trend in house design and remodeling is gaining traction in the industry, with an increased desire to minimize emissions. The growing adoption of eco-friendly workplaces is fueling market expansion in the commercial sector.

  • Each year, 8.5 million tons of office furniture are dumped into landfills, based on the EPA report.

As a result, sustainable materials such as recycled wood, rattan, wicker, rubber wood, and bamboo are becoming increasingly popular for the production of various types of furniture, resulting in significant growth in the market.

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Country-wise Insights

What is the U.S. Bio Furnishing Market Stance?

“Rising Trends of Green House Businesses in the U.S.”

The bio furnishing market in the U.S. holds a major share of 73.6% of the North American market. The market is anticipated to progress at a CAGR of 7.2% during the forecast period.

Increasing consumer awareness of the environmental effect of their purchasing decisions is driving up demand for sustainable furniture in the country. Rapid expansion in the greenhouses business in the United States is paving the way for more environment-friendly sustainable furnishings. As a result, customers are intensely focused on creating a green atmosphere within their homes, fueling the demand for eco-friendly products.

Furthermore, the country is seeing an increase in the number of producers selling handmade furniture that is created in the United States itself.

What is Driving the Sales of Bio Furniture in Germany?

Surging Demand for Sustainable Biogenic Material Furnishing

Germany is one of the key markets in Europe’s bio furnishing industry and accounts for one of the highest regional market shares. Germany is also the leading exporter of furniture in Europe. The bio furnishing market in Germany is expected to expand at a CAGR of 7.4% through 2032.

Due to the strong demand for sustainable products for decorating homes and the growing number of people demanding sustainable biogenic materials to support the environment, Germany is considered to be one of the lucrative markets for bio furniture. Leading manufacturers of bio furniture in the country are continuously focusing on the usage of recycled and eco-friendly materials to reduce their environmental impact.

Will Bio Furnishing Suppliers Benefit from Doing Business in India?

“India Leading the Opportunity in the Asian Bio Furnishing Market”

India is one of the emerging countries in the bio furnishing space and is anticipated to register a growth rate of 8.3% in terms of value over the forecast period.

High market growth is due to the ample availability of resources in the country. Moreover, India has skilled labor expertise in producing various types of furniture, and therefore, generates high demand for bio-furnished products in the domestic market as well as in the international market. The Indian market will provide lucrative opportunities for key players in the bio furnishing market.

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Category-wise Insights

Which Sector Will Account for High Market Growth?

“Residential Sector to Provide Immense Growth Opportunities to Market Players”

According to this analysis, based on the application outlook, the residential sector holds a major share of around 62.3% in the overall sales of bio furnishings and is estimated to lead during the estimated tenure as well.

Rising consumer awareness about sustainable furniture production has had a significant impact on the adoption of eco-friendly furniture in residential areas. Consumer preference for avoiding single-use plastic is also boosting the demand for sustainable furniture for interior décor.

However, the adaptability of bio furnishing for social and environmental causes by corporates and the increasing installation of bio furnishing fittings and fixtures in public places by government bodies are anticipated to boost the market substantially over the coming years.

Which Product Type Will See High Demand in the Market?

“Demand for Bio Furnished Chairs & Tables to Remain High”

According to the analysis, tables and chairs together are estimated to account for a high-value share of the product segment, which is anticipated to remain high over the coming years as well.

Tables and chairs are the basic necessity and the most common furniture that can be found in every home and office. Chairs and tables are the most demanded products by customers in the furniture market, and therefore, manufacturers are primarily focusing on manufacturing bio chairs and bio tables due to their high demand in the market.

Which Sales Channel Accounts for High Revenue Generation for Bio Furnishing Product Suppliers?

“Hypermarkets & Supermarkets to Remain Leading Sales Channel”

According to our analysis, hypermarkets/supermarkets account for 36.2% share of the overall market. Global sales of bio furnishing from hypermarkets/supermarkets are expected to rise moderately during the forecast period.

Bio furnishing is primarily offered at hypermarkets and supermarkets. The huge demand for bio furnishing is catered to by hypermarkets and supermarkets around the world. However, due to lockdown effects, the COVID-19 pandemic reduced the demand for bio furnishing from retailers.

Over the forecast period, it is anticipated that the online segment will grow rapidly. Online market channels offer several benefits, including coupons, free delivery, and other exclusive offers. Additionally, the online segment offers a wide range of products across the world. It is expected that during the projection period, many well-known online products from a growing number of app-based vendors are expected to drive the market ahead.

Competition Landscape

Bio furnishing manufacturers are implementing a variety of penetration strategies to increase their sales, especially in lucrative markets. These include product launches, collaborations with other market players, partnerships, acquisitions, and strengthening of regional as well as global distribution networks.

  • Koskisen, a company in the Finnish wood sector that manufactures sawn timber and panel goods, has introduced its ground-breaking bio-based furniture board, which Koskisen and Stora Enso developed together.

Bio Furnishing Industry Report Scope

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

  • US$ Bn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia & New Zealand

Key Market Segments Covered

  • Product Type
  • Application Outlook
  • Sales Channel
  • Region

Key Companies Profiled

  • Vermont Woods Studios
  • Cisco Bros. Corp.
  • Manchester Woodcraft
  • Greenington
  • Lee Industries, Inc.
  • Williams-Sonoma Inc.
  • La-Z-Boy Inc.
  • Jiangxi Feiyu Bamboo Industry Group Co. Ltd.
  • Moso International B.V.
  • Shenzhen Vincent Handicraft Co., Limited.
  • Others

Pricing

Available upon Request

Key Segments of Bio Furnishing Industry Research

By Product Type:

  • Chairs
  • Tables
  • Beds
  • Desks
  • Cupboards
  • Others

By Application Outlook:

  • Residential
  • Commercial

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Independent Small Stores
  • Departmental Stores
  • Online Retailers
  • Other Sales Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa

- FAQs -

The global market for bio furnishing is expected to expand at 8.3% CAGR through 2032.

The global bio furnishing market reached a valuation of US$ 39.8 Bn at the end of 2021.

Between 2017 and 2021, global sales of bio furnishing products increased at 6.2% CAGR.

Some of the leading manufacturers of bio furnishings are Vermont Woods Studios, Cisco Bros. Corp., Manchester Woodcraft, Greenington, Lee Industries, Inc., Williams-Sonoma Inc., La-Z-Boy Inc., Jiangxi Feiyu Bamboo Industry Group Co. Ltd., Moso International B.V., and Shenzhen Vincent Handicraft Co., Limited.

The global bio furnishing market is estimated at US$ 42.8 Bn in 2022.

Revenue from the sales of bio furnishing is anticipated to reach US$ 95.1 Bn by 2032.

Key market trends include increasing aim to reduce emissions and rising prominence of sustainability, increased demand for eco-friendly furniture, innovation in furniture with bio generic components, and rising awareness about the sustainability of furnishing.

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