The ceramic and porcelain tableware market had an estimated market size of USD 6.7 billion in 2023 and is expected to reach a global market size of USD 11 billion by 2034, increasing at a steady CAGR of 4.5% between 2024 and 2034. By 2024, the market for ceramic and porcelain tableware is likely to reach a valuation of USD 7.1 billion.
The market for ceramic and porcelain tableware is significantly influenced by the growing emphasis on sustainability. Consumers are increasingly drawn to eco-friendly products in order to remain competitive in the market. This helps in encouraging businesses to invest in sustainable materials, manufacturing techniques, and packaging, harmonizing with consumer values and legislation while addressing environmental issues.
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Serving specialized markets like those for luxury dinnerware and handmade ceramics presents opportunities in the ceramic and porcelain tableware market. Expanding into developing regions, as well as using e-commerce platforms to reach a larger audience, offer opportunities for development. There are opportunities for market development and differentiation through the use of innovative sustainable materials and smart production procedures.
Key Takeaways from the Market Analysis
- The global demand for ceramic and porcelain tableware reached US$ 5.3 billion in 2019.
- The bone china segment is anticipated to develop at a 4.3% CAGR during the projection period.
- It is expected that the slip casting technology would reach a 51.2% global market share by 2024.
- It is projected that ceramic and porcelain tableware in the United States will advance at a CAGR of 4.8% by 2034.
- The market in the United Kingdom is anticipated to rise through 2034 at a 5.7% CAGR.
- It is projected that China ceramic and porcelain tableware ecosystem will evolve at a 4.9% annual growth rate between 2024 and 2034.
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“The need for eco-friendly and visually beautiful tableware solutions is growing internationally, and technical breakthroughs like digital printing are driving the market for ceramic and porcelain tableware. Consumer tastes are evolving toward customizable and sustainable goods,” says an FMI analyst.
Competitive Landscape
Companies are adopting digital printing technologies to redefine product personalization in the ceramic and porcelain tableware market. They can now provide unique designs and complex patterns with unmatched accuracy and speed thanks to this invention. Advances in glazing processes minimize environmental impact while improving product longevity and visual appeal.
Companies are investing in intelligent manufacturing procedures that use robots and automation to maximize output while cutting expenses. Real-time monitoring of product performance and quality is made possible by the integration of IoT sensors into dinnerware, assuring uniformity and adhering to strict industry requirements.
Startups in the ceramic and porcelain tableware market are reshaping the market with creative ideas including direct-to-consumer business methods, sustainable materials, and 3D printing for customized designs. They prioritize agility, inventiveness, and sustainability in order to compete with established competitors and gain market share in the developing tableware industry.
Key Players Are:
- Villeroy & Boch AG
- Fiskars Group
- Noritake Co., Ltd
- RAK Ceramics PJSC
- Lifetime Brands Inc.
- Lenox Corporation
- Rosenthal GmbH
- Churchill China (UK) Limited
- Richard Ginori Srl
- Tognana Porcellane SpA
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Key Developments
- Villeroy & Boch AG has made several investments in e-commerce, ceramics, digital and networked goods, and industrial methods. The company declared in 2023 that it would buy Ideal Standard, a plumbing fixture manufacturer with headquarters in Brussels, for €600 million. The Bathroom & Wellness Division of Villeroy & Boch is predicted to generate €1.4 billion in revenue following the purchase.
- In 2023, Fiskars Group signed a deal with Investcorp to buy the renowned Danish luxury lifestyle brand Georg Jensen, acquiring 100% of the shares of Georg Jensen Investment APS for the cash-free debt-free purchase price (enterprise value) of EUR 151.5 million.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global ceramic and porcelain tableware market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the global ceramic and porcelain tableware market, the market is segmented on the basis of material (bone china, porcelain, stoneware, others), technology (slip casting, pressure casting, isostatic casting, others), product (dinnerware, beverage ware, cookware, others), distribution channel (supermarket & hypermarket, wholesalers & retailers, online) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, The Middle East & Africa).
About the Packaging Domain at Future Market Insights
The packaging domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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