Product Code: ETC372989 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Rattan Furniture Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 11.28% in 2025, the market peaks at 15.98% in 2028, and settles at 13.95% by 2029.
By 2027, Philippines's Rattan Furniture market is forecasted to achieve a exponential growth rate of 15.54%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Philippines rattan furniture market was valued at around USD 1 billion in 2025, exhibiting a robust CAGR of 7. 1% during the forecast period. Over the forecast period (2025-2031), it is expected that the demand for rattan furniture will be further driven by rising disposable incomes and increasing preference for natural materials among consumers across various age groups. It is anticipated that the market will grow at a CAGR of 6. 1%, reaching an estimated value of USD 1. 3 billion in 2031.
The Philippines rattan furniture market is experiencing renewed interest as consumers seek sustainable and nature-inspired interior solutions. Rattan furniture`s eco-friendly appeal, durability, and distinct aesthetic contribute to its growing popularity. The trend towards incorporating natural elements into living spaces, coupled with the craftsmanship demonstrated by local artisans, propels the market forward. Furthermore, the export potential of rattan furniture allows the Philippines to tap into the global demand for environmentally conscious products.
The Philippines rattan furniture market has long held a significant place in the country`s culture and craftsmanship. However, the market faces several challenges. Despite its appeal, there`s growing competition from alternative materials and modern furniture designs. Additionally, fluctuations in the supply of quality rattan can impact the production process and raise costs. Moreover, global sustainability concerns and the need for responsible sourcing present obstacles to the market`s growth.
The rattan furniture market, known for its durability and eco-friendliness, experienced disruptions due to supply chain interruptions during lockdowns.
Rattan furniture holds cultural significance in the Philippines and has seen a resurgence in popularity due to its natural appeal. Notable key players include NativeCraft Furnishings, which specializes in handcrafted rattan furniture that showcases traditional Filipino craftsmanship. RattanGrove Designs is another major player known for its contemporary and eco-friendly rattan furniture collections. These key players have contributed to the revival of the rattan furniture market in the Philippines, blending heritage with modern design sensibilities.