DECORATIVE SHELVES MARKET ANALYSIS

Key Developments

• In June 2023, NILO, a deep tech company, entered into a development and access agreement with Inter IKEA. NILO has developed and patented a plastic waste-derived adhesive for use in the production of wood-based boards. This collaboration signifies a step towards sustainable practices in the production of wood-based products
• Crate & Barrel introduced Loring Wall Mirror with Shelves - a multifunctional décor piece with antique mirror and wire mesh shelves in February 2022. It showcases trending retro-modern styles. Crate & Barrel is a well-known retail chain that offers a variety of stylish furniture, kitchenware, and home essentials. The company is recognized for providing modern furniture, textiles, kitchen, tableware, and home decor. With over 100 stores in North America and franchise partners in 9 countries, Crate & Barrel, along with its brands Crate & Kids and CB2, is an international destination for lasting, modern home products.
• IKEA launched the Lagkapten range of wall-mounted shelves made from recycled materials like plastic bottles and cork in June 2022. It highlights company’s focus on sustainability. IKEA, a Sweden-based multinational conglomerate, is the world's largest furniture retailer since 2008. Founded in 1943 by Ingvar Kamprad, IKEA is known for its Scandinavian design, ready-to-assemble furniture, textiles, lighting, and home decor products
• Amazon partnered with home furnishing brand White Winston Select to expand availability of its decorative shelves on Amazon online stores in February 2022