Plastic Cabinet Market Segments, Sales, Profits and Future Outlook till 2023

plastic cabinet is a box-shaped piece of furniture with doors or drawers for storing various items. It usually has one or more doors on the front, which are mounted with door hardware, and occasionally a lock. Short cabinets often have a finished surface on top that can be used for display, or as a working surface, such as countertops found in kitchens. Commercial grade cabinets are also known as casework or casegoods. Cabinets can be used in nearly every room of the house, but typically, customers buy them for kitchens or bathrooms. A plastic cabinet is relatively inexpensive, as compared to a metal or wooden cabinet. Plastic cabinets are suitable for customers who have budget constraints. These cabinets are unbreakable and light weight; hence, they can be moved without any help. Plastic cabinets require little maintenance, unlike wooden cabinets, and can withstand the effects of the weather.

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Key factors driving the plastic cabinet market include rise in residential remoulding and repair activity, which often includes upgrade of kitchen cabinets and vanities, increased preferences for corporate offices, educational institutes, libraries garages, and laboratories. Promotion of plastic cabinets through online channels is anticipated to offer significant opportunities to the market. The e-commerce industry has also created good opportunities for manufacturers and suppliers in the plastic cabinet market. Manufacturers and distributors of plastic cabinets are focusing on selling their products on e-commerce websites in order to cater to diverse consumers across the world. Cabinets made up of plastics are not bio degradable and eco-friendly; hence, they pose considerable environmental hazards. These cabinets are not sturdy and are unable to sustain heavy weight and pressure. These are major factors hampering the plastic cabinet market.

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The global plastic cabinet market can be segmented based on type, distribution channel, end-user, and region. In terms of type, the global plastic cabinet market can be segregated into melamine, blister, molded, and others. Based on distribution channel, the plastic cabinet market can be divided into online and offline. In terms of end-user, the plastic cabinet market can be categorized into residential and commercial. The commercial segment is also projected to expand at a rapid pace in the near future. Commercial applications of plastic cabinets include educational institutions, corporate offices, laboratories, and hospitality sector. Hospitality and educational institutions are major contributors to the rise in demand for plastic cabinets in the commercial space. Based on region, the global plastic cabinet market can be bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Demand for plastic cabinet is anticipated to rise in North America during the forecast period. Increase in infrastructural development and demand for kitchen and bathroom cabinets are estimated to boost the demand for cabinets in the U.S. Asia Pacific is also projected to hold a major share of the global plastic cabinet market, in terms of revenue, in the near future. In terms of revenue, the region is expected to hold one-third of the global market by the end of the forecast period. The market in emerging economies is anticipated to expand at a considerable growth rate during the forecast period. China is expected to witness significant demand for plastic cabinets due to rapid rise in installations in both residential and commercial sectors in the country.

Key players operating in the global plastic cabinet market include Keter, Sterilite, Suncast, IKEA, Akro-Mils, Unique Bargains, Cello, JonTi-CrafT, Hallowell, Sandusky, Metro Design, and Datum. These players are estimated to face healthy competition due to the presence of a large number of local players. Key players are likely to focus on product innovation and research & development activities in order to strengthen their presence in the market.

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