Porcelain/Stoneware Drinkware Market is anticipated to grow at a CAGR of 2.5% during 2023-2028
The global porcelain/stoneware drinkware market is projected to reach $0.66 billion by 2028, at a CAGR of 2.5% during 2023-2028. The growth of porcelain/stoneware drinkware market is driven by increasing usage in the hospitality industry because porcelain/stoneware drinkware are durable, attractive, and resistant to chipping or cracking.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the porcelain/stoneware drinkware market by product type (coffee mugs, tea cups, cups, and others), end use (personal use and commercial use), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the porcelain/stoneware drinkware market?
Q.4 What are some changing demands of customers in the porcelain/stoneware drinkware market?
Q.5 What are the new developments in the porcelain/stoneware drinkware market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this porcelain/stoneware drinkware area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this porcelain/stoneware drinkware market?
Market Segmentation:
Based on product type, the porcelain/stoneware drinkware market is segmented into coffee mugs, tea cups, cups, and others. The coffee mugs segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, owing to the excellent heat retention properties of porcelain/stoneware, making it an ideal material for coffee mugs.
APAC will remain the largest region due to growing population, increasing disposal income, and growth in the hospitality industry.
Key Players in the porcelain/stoneware drinkware market are AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, and The Oneida Group.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy AlmaguerLucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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