Tableware Market to Reach $109.9 Billion Globally by 2032 at 9.3% CAGR
Allied Market Research
WILMINGTON, Del., May 8, 2024 /PRNewswire/ -- The rising popularity of biodegradable tableware and the growing emphasis on dining experiences & home aesthetics are projected to drive the global tableware market's growth during the forecast period. The Europe region is predicted to witness prominent growth by 2032.
Allied Market Research has recently published a report, titled, "Tableware Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global tableware market generated $45.6 billion in 2022, and is anticipated to generate $109.9 billion by 2032, rising at a CAGR of 9.3% from 2023 to 2032.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A62339
Prime Determinants of Growth
The increase in popularity of biodegradable tableware and the growing emphasis on dining experiences & home aesthetics are the factors expected to drive the growth of the global tableware market in the forecast period from 2023 to 2032. However, the fragility, safety concerns, and maintenance requirements associated with certain tableware materials may restrict market growth in the coming future. On the contrary, technological advancements and the rising trend towards eco-friendly & personalized dining experiences are expected to offer remunerative opportunities for the expansion of the tableware market during the forecast period.
Report Coverage & Details:
Report Coverage |
Details |
Forecast Period |
2023–2032 |
Base Year |
2022 |
Market Size in 2022 |
$45.6 billion |
Market Size in 2032 |
$109.9 billion |
CAGR |
9.3 % |