Green Homeware Market - US
After an exhaustive search through credible sources, it appears that information on the size of the green or eco-friendly/sustainable homeware market in the United States is unavailable in the public domain.
- The homeware market is shaped by the lifestyles of consumers, while the consciousness of healthy eating has influenced how consumers decide prepare and consume food.
- Eco-friendly impulses are bolstering the expansion of food storage in the United States. The company Lifetime Brands acquired Filament brands in 2018, helping it to develop a diverse portfolio of home products, including tableware and kitchenware.
- West Elm, which is a part of Williams-Sonoma, prioritizes handcrafted products that are sustainable. It is also devoted to expanding its fair trade products to 40% in 2019, significantly higher than 2017 (20%).
- One of the key trends driving the home furniture market in United States is the swelling demand for eco-friendly furniture as the concept is anticipated to gain momentum due to the increasing demand for sustainable offerings.
- According to Business Insider, some of the key players in the home furniture market in United States are Ashley Furniture HomeStore, La-Z-Boy, IKEA, Williams-Sonoma, etc.
Global Homeware Market: Additional Insights
- According to research by Fact.MR’s, between 2017 and 2022, the global homeware market is projected to grow at a CAGR of 5.5%, eventually reaching a value of $180.1 billion.
- Some major players in the global homeware market include Zepter International SA, Avon Products, Inc., International Cookware SAS, SEB SA, Tupperware Brands Corporation, Lock & Lock Co Ltd, ARC International SA, Libbey Inc., Pacific Market International, and Conair Corporation.
Our research began by searching for industry reports on the homeware market in the United States on sites like Euromonitor, Research and Markets, IBIS World, among others. We wanted to find reports containing data on the revenues from different segments and the market size of sustainable products. With this strategy, we found information on the homeware market in the United States. However, there was no information on the revenues generated from the sustainable homeware market, and the reports were behind paywalls. We believed this strategy would work as industry reports typically publish information on various markets and could have provided useful information.
Next, we explored the websites of furniture/homeware associations in the United States, including the American Home Furnishings Alliance, National Furniture Association, BIFMA, among others. We aimed to see if they published reports, articles, etc. on the homeware market, including the market size of the green homeware segment. However, this strategy was not fruitful as there were no such publications available. We believed this strategy would work as these sources support business to business initiatives surrounding the furniture/homeware industry in the United States.
Afterward, we searched for media publications and articles on sites like Sustainable Furnishings, Green and Simple, The Greenhub Online, among others. The idea here was to find publications on the homeware industry featuring commentaries by industry experts, company spokespersons, etc. that we could use to devise such information. However, this strategy was not useful as there was no such information available. At most, we found information on companies that provide eco-friendly furniture, etc. We believed this strategy would work as these sites present news, analysis, and articles on various markets and could have provided relevant data.
Finally, we checked the annual reports and press releases of some key players in the Homeware market in the United States such as Ashley Furniture HomeStore, La-Z-Boy, Williams-Sonoma, among others. The idea behind this strategy was to use those sources to find the companies' revenue from the sustainable homeware market segment and provide the information as a proxy. This strategy failed to produce results as the companies did not provide revenue data specific to the segment, and some of them are private and did not publish revenue information.