Ceramic Tableware Survey

According to a report by Transparency Market Research, the market for ceramic tableware will grow at a CAGR of 6.7% between 2021 and 2031. According to the survey, the market for ceramic tableware was worth US$11.3 billion in 2020.

The disposable income of numerous consumer groups living in both developed and developing nations of the world has steadily increased over the last ten years. Residences have been renovated as a result, which has increased demand for ceramic tableware and boosted the market.

Ceramic tableware is in high demand from a variety of commercial facilities, including cafés and bars, in addition to residences, which has helped the global industry grow. Plates, bowls, cups, and mugs are just a few examples of ceramic tableware items that have seen rising demand and helped the industry expand in both domestic and commercial application areas.

Launching new ceramic tableware products is one way that well-known market companies are using growth strategies to generate new revenue streams and gain an advantage over rivals. Additionally, well-established market participants are implementing expansion tactics, such as partnering with smaller competitors, to boost their market share and global visibility.