The Global Market for Tableware is Projected to Exceed $41 Billion by 2020

Expanding Population, Rapid Urbanization and Burgeoning Middle Class Drive Demand for Tableware, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Tableware market. The global market for Tableware is projected to exceed $41 billion by 2020, driven by favorable demographic and economic factors, particularly in the developing countries, and ever changing consumer preferences due to changes in fashion, lifestyle, and gastronomic needs.

Tableware refers to articles used in setting a table for a meal and includes dishes, silverware, glassware and crystalware, among others. Healthy growth is projected for the global tableware market driven by growing prominence of visual impact as the final finishing touch to a culinary marvel; the rising penchant for trendy lifestyles; and the increasing shift of cooking techniques and presentation from regional to global driving the need for new and exciting tableware for that perfect presentation. Rising health consciousness along with the need for consuming small portions is anticipated to result in dynamic demand for smaller dishes, bowls, and plates, benefiting market expansion in the near term. Other important factors poised to benefit market prospects in the coming years include the never ending appetite for change in today’s consumer; surging demand for vintage-styled glassware and dinnerware; shift in preference from white bone china to natural shades and from round to square or oblong shapes; and the use of newer materials such as earthenware, ironstone, wood, cast iron, plastic, and slate in response to the rising focus on materials and functionality of tableware rather than the designs.

Developing markets offer opportunities in the form of greater potential for higher market penetration and growth in per capita demand, while in the developed markets the ongoing trend towards casual lifestyles will spruce up demand for tableware with contemporary styles, colors, and patterns. The retail scene is expected to emerge into a powerful force to reckon with, and the future could witness tableware retailers join the game at the other side of the board, where retailers settle the terms of the trade, and lay down the rules and standards for marketing tableware. Market demand is also likely to be positively influenced by increasing disposable incomes along with introduction of innovative products. Innovative positioning of tableware coupled with creative advertising and attractive packaging is likely to open new avenues of revenue generation opportunities for market participants.

As stated by the new market research report on Tableware, Europe represents the largest market worldwide. Asia-Pacific represents the fastest growing market with a CAGR of 5.4% over the analysis period. Robust demand for imported branded tableware; westernization of lifestyles that are leading to demand for western-style ceramic tableware; increasing middle class population; rapid urbanization; expanding retail network; and growing catering and leisure hospitality sectors represent key factors that are currently fuelling demand in various countries across the region.

Key players covered in the report include Abert SpA, Arc International Tableware UK Ltd., Churchill China Plc, Crystalex CZ, s.r.o., Dankotuwa Porcelain PLC, EveryWare Global, Inc., Guy Degrenne SA, Inter IKEA Systems B.V., LaOpala RG Limited, Lenox Corporation, Libbey, Inc., Lifetime Brands, Inc., Manuel Marques Herdeiros S.A., Noritake Co., Limited, Ocean Glass Public Company Limited, Orrefors Kosta Boda AB, Porland Porselen, Portmeirion Group, Rosenthal GmbH, Royal Crown Derby, Steelite International plc, The Fiskars Corporation, Villeroy & Boch AG, Vista Alegre, and WMF Württembergische Metallwarenfabrik AG, among others.

The research report titled “Tableware: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major market participants. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Major types of tableware analyzed in the report include Dinnerware, Flatware, Glassware, and Crystalware.

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