The global eco flooring market size is estimated to be valued at USD 81,127.3 million in 2023 and is projected to reach USD 112,245.8 million by 2033. The market is set to grow at a CAGR of 3.30% from 2023 to 2033. The share of eco flooring in the global flooring market stands at 9% in 2023.
Surging demand for green flooring options owing to the increasing prevalence of dust allergies worldwide is set to aid growth. Besides, the presence of children, pets, or family members who spend a lot of time on the floor would require clean and safe flooring materials.
Drivers in the Eco Flooring Industry:
Challenges for Companies in the Eco Flooring Industry:
Investment Opportunities in the Eco Flooring Industry:
Latest Trends in the Eco Flooring Industry:
| Attribute | Key Statistics |
|---|---|
| Global Eco Flooring Market Estimated Size (2023E) | USD 81,127.3 million |
| Projected Market Valuation (2033F) | USD 112,245.8 million |
| Value-based CAGR (2023 to 2033) | 3.30% |
| Collective Value Share: Top Players (2023) | 4% to 10% |
As per the American Pet Products Association (APPA), the total pet industry expenditure in 2022 was nearly USD 123.6 billion in the United States. Almost 70% of United States households own a pet, equal to 90.5 million homes. These numbers are likely to surge in the upcoming decade, thereby propelling the need for advanced eco-flooring solutions.
The trend of reclaimed wood flooring is anticipated to grow in the next decade as it is considered eco-friendly. Woods are often reclaimed from factories, schools, barns, and churches. These are usually steeped with centuries of history and do not end up in landfills with reclamation.
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The flooring throughout rooms across houses is often considered to be an underappreciated element of overall home sustainability. Several homeowners may limit their choices to the most suitable color that complements the overall interior design.
However, some flooring materials can have severe health and environment-related drawbacks. Some can negatively affect indoor air quality or have a substantial carbon footprint. In contrast, others may come from tropical forests that were illegally or even unsustainably logged.
The increasing inclination of customers towards natural flooring solutions from carpeting options is anticipated to drive the market in the forecast period. Poorly maintained carpets can act as a sink for various types of volatile organic compounds (VOCs). For instance, VOCs from a fresh coat of paint can be easily absorbed and emitted later by the carpeting.
Homeowners are thus prioritizing flooring options that are durable, as natural as possible, and do not negatively affect indoor air quality. Homes made with raw materials have relatively low embodied energy and carbon footprints. The rising focus of homeowners on limited maintenance is expected to propel the demand for luxury vinyl tiles and engineered hardwood flooring.
Owing to the aforementioned factors, the global market is anticipated to exhibit growth at a CAGR of 3.30% in the forecast period from 2023 to 2033.
Increasing demand for cork flooring made from the bark of cork trees, mainly found in southern Europe, is anticipated to augment growth. The bark of cork trees is harvested once every nine years, and it does not kill the tree, making it one of the eco-friendliest flooring alternatives.
Cork flooring has millions of tiny air pockets that make it naturally soundproof. It also adds natural insulation to the floor and thus increases overall energy efficiency. The spongy feel of this type of flooring makes it suitable for pets and children. Depending on the quality, cork flooring costs nearly between USD and USD 10 per square foot, which is cost-effective.
Principal Consultant
| Region | Market Share in 2033 |
|---|---|
| United States | 32.10% |
| Germany | 8.40% |
| Japan | 6.20% |
What is the United States Eco Flooring Market Outlook?
Leading the Eco Flooring Revolution: Unveiling the Sustainable Trends in the United States
As per FMI, the United States is regarded as a lucrative market for eco-flooring and is predicted to grow at a CAGR of 2.5% in the next decade. Various reputable companies in the country, such as Formica, are also set to aid growth.
These companies are mainly focusing on using recycled and eco-friendly materials while manufacturing flooring products to reduce the environmental impact.
The eco flooring market is thriving in the United States, with a significant market share of 32.10% in the global industry. The country is witnessing a growing demand for sustainable flooring options driven by environmental consciousness.
Consumers are increasingly opting for locally sourced eco flooring materials, supporting domestic manufacturers and reducing carbon emissions associated with long-distance transportation. Reclaimed wood flooring is gaining popularity, offering rustic aesthetics and aligning with the eco-conscious mindset of homeowners.
Additionally, there is a rising preference for eco-friendly carpet tiles in commercial spaces due to their easy installation, low maintenance, and versatility. The United States remains at the forefront of the eco flooring revolution, shaping the industry with its sustainable trends.
Cali, a San Diego-based producer of green building materials, unveiled its next generation of cork plank flooring in January 2021. It is more sustainable, water resistant, and stronger than the company's previously launched products. It is available in four colors that would add cushioned comfort and refresh homes. It is comfortable, healthy, and environmentally friendly.
Germany captures a significant market share of 8.40% in the global eco flooring industry. The region is known for its stringent environmental regulations and certifications, contributing to the demand for eco-friendly flooring options.
German consumers prioritize sustainability, leading to the popularity of linoleum flooring with its natural and renewable composition. The country also embraces innovative flooring technologies, including energy-efficient heated floors, which provide both comfort and environmental benefits. Germany's commitment to green living drives the adoption of eco flooring solutions and positions it as a key player in the market.
With a market share of 6.20% in the global eco flooring industry, Japan showcases its unique trends that harmonize nature and innovation. Traditional Japanese flooring materials, such as tatami mats, have regained popularity due to their natural aesthetics and the desire to maintain a connection with nature.
Japan also incorporates technology into eco flooring, featuring energy-generating flooring systems and floor sensors for energy management in smart homes. Bamboo flooring, known for its durability and sustainability, is another prominent trend in Japan. These eco-friendly trends reflect Japan's cultural values and commitment to environmental consciousness.
| Region | CAGR (2023 to 2033) |
|---|---|
| Australia | 2.80% |
| China | 6.40% |
| India | 7.50% |
| United Kingdom | 2.90% |
Australia global eco flooring industry is anticipated to expand at a CAGR of 2.80% in the forecast period. The region is witnessing a growing emphasis on sustainability and environmental preservation. Recycled timber is gaining popularity as a sustainable material choice, reflecting Australia's commitment to preserving its natural resources.
Hybrid flooring, combining the benefits of laminate and vinyl flooring, is also on the rise, offering durability and eco-friendly features. In both commercial and residential sectors, there is an increasing demand for carpet tiles with recyclable components due to their modularity and easy replacement. Australia's focus on sustainability drives the growth of the eco flooring market and shapes its unique trends.
The United Kingdom demonstrates steady growth in a mature market environment, with a Value CAGR of 2.90%. Despite challenges like Brexit and economic uncertainties, the country maintains a respectable market share.
A strong infrastructure, established industries, and a robust regulatory framework contribute to market stability. Industries like finance, professional services, and creative industries lead the way, with a focus on innovation, research and development, and sustainability driving growth in the UK market.
China dominates the regional market with an impressive Value CAGR of 6.40%. Its large population, rapid urbanization, and rising middle class contribute to its substantial market share.
Increasing consumer purchasing power, a thriving e-commerce sector, and government initiatives supporting innovation and entrepreneurship fuel China's growth. Industries like technology, automotive, and e-commerce play a crucial role in shaping China's market dynamics.
Rising Awareness about Earth-Friendly Flooring in India to Aid Growth
With a Value CAGR of 7.50%, India is emerging as one of the key players in the regional market. The country's young population, rising disposable income, and increasing urbanization are driving remarkable growth.
India has captured a significant market share, propelled by a growing middle class, favorable government policies, and a thriving start-up ecosystem. Industries such as information technology, healthcare, and consumer goods contribute significantly to India's market expansion.
In February 2022, for instance, Span Floors, a new brand of wooden facades and wooden flooring based in India, launched Coswick's Spirit of Nature collection of hardwood floors. The new collection was inspired by the pastel color palette of nature and emphasized authenticity.
The collection can blend various color shades in a single module. Thus, the high demand for eye-catching decors in India and the rising number of new product launches are likely to aid growth.
Eco Wood Flooring to Gain Immense Popularity in the Global Market
The wood segment holds a significant market share of 29.50% in the eco flooring industry in 2023. Wood has specific natural properties such as high durability and wear & tear resistance. Also, hardwood flooring complements any decor and can help to achieve the desired style, including traditional or modern designs.
Further, natural wood contributes to better indoor air quality as it is a natural source of ventilation, which helps to move air around space and lower the number of contaminants. Allergy sufferers would benefit from the fact that there are no fibers to trap dust and other allergens in wood. It can help to improve the health and well-being of the entire family.
As per the Asthma and Allergy Foundation of America (AAFA), every year, more than 50 million people in the United States suffer from various types of allergies, and these are considered to be the sixth-leading cause of chronic illness in the country.
Owing to the growing burden of allergies in both developed and developing economies, the demand for wood flooring made with natural materials is likely to surge in the assessment period.
Non-residential Sector to Look for Sustainable Flooring Options
In the eco flooring industry, the non-residential segment commands a substantial market share of 62.30% in 2023. The growing construction of new commercial buildings, including hospitals, offices, and educational institutes across the globe, is anticipated to drive the segment. Increasing investments by government agencies in the development of new commercial infrastructure would also aid growth.
In August 2022, for instance, Ted Todd, a leading wood flooring specialist in the United Kingdom, introduced its latest brand named Karta. It specializes in graphically re-engineered natural flooring for today's commercial spaces.
It is considered to be a responsible alternative to single-use carpet or vinyl. Each product can maximize the yield and use of raw material logs, can reduce waste, and is fully biodegradable. This type of product would be able to push sales of eco-flooring solutions in the non-residential sector.
Consumers Prefer Online Platforms to Purchase Sustainable Floor Coverings
Based on the distribution channel, the online segment is anticipated to exhibit the highest growth rate in the global market. Online marketplaces offer a wide range of cost-effective products that consumers can compare and purchase.
These also provide coupons, free delivery, and similar exclusive offers. Additionally, the emergence of a large number of app-based vendors is set to drive the market worldwide.
Researching and comparing products and their prices is easier online. If an individual is shopping for a specific type of flooring, for instance, they can find customer feedback and product comparisons for all the options available on the market, with links associated with the best prices.
They can research ratings, firsthand experience, and reviews for retailers and products online. This benefit of online shopping would enable consumers to incline towards the same in the evaluation period.
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Leading market participants who operate internationally are concentrating on business development, expansions, partnerships, and new product launches. A few other companies are focusing on expanding their existing product portfolios and engaging in acquisitions with local players to strengthen their positions in the global market.
For instance
In response to minimizing the impact on the environment, in 2022, Mohawk launched its new UltraWood Naturally Sustainable Flooring, which has a natural hardwood feeling. At the same time, it is eco-friendly as it needs less natural wood to be produced, having the ability to remove carbon from the air and store it on a beautiful, long-lasting floor.
BerryAlloc, Formica, and Boral - Establishing their Brand through Renewable Raw Materials
BerryAlloc manufactures a wide range of eco-flooring products, such as laminates, high-pressure floors, and parquets. It is a part of the Beaulieu International Group, which is headquartered in Belgium.
The company operates in 19 countries and has reported sales of over USD 2.5 billion in 2021. Eco-flooring solutions are a key part of the company's overall business strategy, and it owns specific solutions for both residential and commercial customers.
The company is deeply conscious of its sustainability initiatives and manufactures its laminated products from wood and paper in accordance with ISO 14 001 certification norms.
It is also committed to using recycled materials that do not cause any environmental damage. BerryAlloc's products carry the famous CE mark, which is an indicator of a company fulfilling stringent European regulations.
Formica Corporation, on the other hand, is upping its sustainability initiatives through the replacement of traditional raw materials with recycled ones.
The company prominently displays various certifications on its website and at other corporate events. It has several certifications, such as LEED, FSC Certified Wood, and Greenguard.
The company encourages the use of laminates and enables households to donate new laminate so they can recycle it and use it in eco-friendly flooring. In July 2021, for instance, Formica Corporation announced its 2030 sustainability goals that include a 25% reduction in carbon dioxide and a 10% reduction in energy demand by 2026.
Boral is also upping its eco-friendly flooring portfolio through Boral Silkwood, an offering that uses solid timber flooring. Boral Silkwood is highly preferred by people who have asthmatic or allergic family members, as this eco-friendly flooring does not harbor dust or allergens.
Boral Silkwood is certified as per the rules laid down by the Australian Forestry Standard (AFS). As timber is widely regarded as one of the most renewable products, the company is focusing on using timber in most of its flooring solutions.
In addition, it is focusing on maintaining strong investor relations and achieving more investments to expand and boost its position. However, considering the growing costs of raw materials, the company announced in 2023 that it would be raising the prices of its end products.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 81,127.3 million |
| Projected Market Valuation (2033) | USD 112,245.8 million |
| Value-based CAGR (2023 to 2033) | 3.30% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East; and Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, South Africa, North Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand |
| Key Segments Covered | Material Type, End Use, Price Range, Distribution Channel, Region |
| Key Companies Profiled | BerryAlloc; Formica; Somerset Hardwood Flooring Inc.; Provenza Floors Inc.; Boral Limited; Armstrong World Industries Inc.; AHF Products; Mohawk Industries; Mannington Mills Inc.; Gerflor Group.; Nature Home Holding Company Limited; Home Legend LLC; Beaulieu International Group |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market size of eco flooring market is USD 81,127.3 million in 2023.
Eco flooring is expected to be a profitable venture, as the market is expanding at a CAGR of 3.3% through 2033.
Soaring demand for eco-friendly and sustainable flooring options is all the rage at present.
Wood flooring is the top selling eco flooring.
Self-cleaning and photovoltaic flooring are the new technologies in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Cork 5.2. Wood 5.3. Bamboo 5.4. Linoleum 5.5. Glass Tiles 5.6. Concrete 5.7. Wool Carpet 5.8. Rubber 5.9. Leather 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Residential 6.2. Non-Residential 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 7.1. Economy 7.2. Mid-range 7.3. Premium 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Online 8.2. Offline 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. BerryAlloc 19.2. Formica 19.3. Somerset Hardwood Flooring Inc. 19.4. Provenza Floors Inc. 19.5. Boral Limited 19.6. Armstrong World Industries Inc. 19.7. AHF Products 19.8. Mohawk Industries 19.9. Mannington Mills Inc. 19.10. Gerflor Group 19.11. Nature Home Holding Company Limited 19.12. Home Legend LLC 19.13. Beaulieu International Group 20. Assumptions & Acronyms Used 21. Research Methodology
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Eco Flooring Market
