Asia Pacific Commercial Tableware Services Market Size & Outlook
Asia Pacific commercial tableware services market, 2016-2028 (US$M)
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Asia Pacific commercial tableware services market highlights
- The Asia Pacific commercial tableware services market generated a revenue of USD 2,186.9 million in 2020.
- The market is expected to grow at a CAGR of 5.5% from 2021 to 2028.
- In terms of segment, dinnerware was the largest revenue generating product in 2020.
- Dinnerware is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 2,186.9 million |
| Market revenue in 2028 | USD 3,345.0 million |
| Growth rate | 5.5% (CAGR from 2020 to 2028) |
| Largest segment | Dinnerware |
| Fastest growing segment | Dinnerware |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dinnerware, Cutlery |
| Key market players worldwide | Cardinal Health Inc, Fiskars Oyj, Villeroy & Boch AG Vorz-Inhaber-Akt stimmrechtslos, Pigeon Corp, Victorinox, Steelite International, Libbey, Royal Doulton, Denby Pottery Company, Gibson Overseas, Republic Plastics, L'Oreal SA, Boscia, Churchill China plc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.4% of the global commercial tableware services market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,345.0 million by 2028.
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Commercial Tableware Services Market Scope
Commercial Tableware Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific commercial tableware services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial tableware services market will help companies and investors design strategic landscapes.
Dinnerware was the largest segment with a revenue share of 58.61% in 2020. Horizon Databook has segmented the Asia Pacific commercial tableware services market based on dinnerware, cutlery covering the revenue growth of each sub-segment from 2016 to 2028.
8. The Asia Pacific region is witnessing a significant increase in the consumption of tableware products. Markets in China and India will tremendously grow owing to the rising disposable incomes of consumers, rapid urbanization, and high population.
There is a decline in the overall Asia Pacific commercial tableware services market due to the COVID-19 pandemic.
Supply chain disruptions have affected the production and distribution processes. Pay reductions for factory workers have also been implemented. The hospitality sector drives the growth of the tableware products market but owing to the current scenario that has been put on halt.
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Target buyers of Asia Pacific commercial tableware services market databook
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Our clientele includes a mix of commercial tableware services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific commercial tableware services market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific commercial tableware services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific commercial tableware services market report size, by country, 2016-2028 (US$M)
Asia Pacific Commercial Tableware Services Market Share, 2020 & 2028 (US$M)
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