July 14, 2022 08:00 ET | Source: Allied Market Research Allied Market Research
Portland, OR, July 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global organic dinnerware market was estimated at $1.2billion in 2021 and is expected to hit $2.0 billion by 2030, registering a CAGR of 5.84% from 2022 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Growing adoption of eco-friendly and organic items around the world, surge in collaborative initiatives by key market players to devise new strategies for attracting customers, availability of a wide variety of innovative organic dinnerware products and major benefits offered by organic dinnerware such as production of low or zero waste and their biodegradability catalyze the growth of the global organic dinnerware market. On the other hand, high cost of organic dinnerware and low market penetration act as impediments for the market growth. However, rise in demand for ceramic dinnerware is projected to create lucrative opportunities in the industry.
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The global organic dinnerware market is analyzed across type, distribution channel and region.
Based on type, the plates segment accounted for more than two-fifths of the total market share in 2021, and is projected to rule the roost by the end of 2030. The same segment would cite the fastest CAGR of 6.4% throughout the forecast period, 2022-2030.
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Based on distribution channel, the commercial segment was the largest in 2021, contributing to more than half of the overall market share, and is expected to lead the trail by 2030. The home segment, on the other hand, would grow at the fastest CAGR of 6.29% through 2030.
Based on geography, North America held the major share in 2021, garnering more than one-third of the global market and would continue its dominancy throughout the forecast period. The market across Asia-Pacific, however, would cite the fastest CAGR of 6.32% by 2030. The other two provinces discussed in the report include Europe and LAMEA.
The key market players analyzed in the global organic dinnerware market report include Hermes International S.A., Royal Doulton, Wedgwood, Guy Degrenne, Corelle, LibbeyInc., EKOBO, Royal Worcester, Lenox, Herend, and Meissen. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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