A Look into Table Linen Industry……Deep Analysis…..
The global table linen
market size
is expected to reach USD 12.7 billion by
2025, according to a new report by Grand View Research, Inc., expanding at
a CAGR of 4.2% over the forecast
period. Growing inclination towards eco-friendly fibers, changing lifestyle
patterns, and improved standard of living are expected to drive the market.
Furthermore, increase in the number of fast food and restaurant chains across
the globe is expected to fuel the market growth over the next few years.
Growing real estate market and increasing consumer spending on home decoration
and interior are some of the factors anticipated to drive the global market.
The home care & decor industry has been
witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the
ongoing pandemic crisis, there has been a drop in the overall performance of
discretionary products such as decorative fixtures, bedding products, to name a
few. The virus outbreak has, however, led to substantial growth in categories
such as cleaning and hygiene products. Prominent growth in the e-commerce
business is also one of the positive influences of the outbreak, wherein
companies are focusing on expanding their distribution networks to online
channels in order to cater to the surging consumer demand. Our team is
diligently working towards accounting these factors in our report with the aim
of providing you with the up-to-date, actionable market information and
projections.
Asia Pacific is expected to expand at
the fastest CAGR of 4.7% from 2019 to 2025. This region is expected to witness
a surge in demand due to growing awareness among the customers regarding
improvement in dining aesthetics. Availability of table linen at a cheaper
price is expected to remain prominent in boosting the market growth. The market
is mainly driven by the presence of strongly developing economies such as China
and India, wherein the spending power of the population is increasing.
North America dominated the market
with a share of 34.5% in 2018. This growth is attributed to high purchasing
power of the population in developed economies such as U.S. The market is
anticipated to witness significant growth over the coming years due to the
implementation of latest technologies and well established industrial
infrastructure. Rising incorporation of table cloths in kitchen décor to
enhance the aesthetic appeal is predicted to fuel the market growth.
Cotton accounted for more than 30.0%
share of the overall revenue in 2018 owing to its significant properties such
as high strength, color retention, and good absorbency. Rise in the number of
cafes and restaurants globally has increased the usage of cotton based table
cloths to add a more decorative interior. Artificial fibers are anticipated to
register the fastest CAGR of 4.8% from 2019 to 2025. This growth is attributed to
easy stain removal property and longer life offered by them.
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The residential application segment
accounted for the largest share of 71.3% in the year 2018. Table linens are
available at a cheaper price, which has enabled households to increase their
buying frequency, thereby driving the segment. Hypermarket/supermarket
generated a revenue of USD 4.4 billion in 2018. The online segment is
anticipated to witness the fastest growth owing to its extra value added
services such as home delivery, coupon benefits, cash on delivery, and in most
cases 30 days return policy.
Further key findings from the study suggest:
·
By material, cotton is
projected to generate a revenue of USD 4.6 billion by 2025
·
The residential application
segment generated a revenue of USD 6.8 billion in 2018
·
Europe is expected to account
for 20.6% share of global revenue by 2025
·
Key players in this table linen
market include IKEA Holdings B.V., Premier Table Linens LLC, Prestige Linens
LLC, Urquild Linen Co., Fabrica Maria, Jomar Table Linens CA, Around The Table
LLC, Siulas AB, S.A. de C.V., and StarTex Linen Corporation.
The
global table linen market size was valued at USD 9.6 billion in 2018. Growing
real estate market and changing lifestyle drives people to spend more on home decoration
and interior, thereby driving the global market. Rise in the number of the
working class professionals in the developing economies including China, India,
and Brazil is enabling the consumers to raise their spending on home décor
products. Moreover, availability of natural and environment friendly fibers is
driving the demand for decorative tableware products.
Over
the past few years, awareness among the consumers and manufacturers regarding
natural fibers is increasing in order to protect the environment from
artificial waste generated from manufacturing process and scrap materials. This
aspect is predicted to generate a considerable revenue for the global market
over the forecast period. Moreover, it is likely to generate many opportunities
for table linen manufacturers to invest in R&D in order to meet the needs
and requirements of the consumers. Manufacturers are constantly coming up with
innovative and improved designs at an affordable price range to attract more
consumers. This is anticipated to fuel the market growth over the next few
years. Availability of various table linen products such as mats, runners,
napkins, and covers at a cheaper rate is enabling the customers to increase
their buying frequency and in multiple quantities.
Easy
availability of the product at cheaper prices has enabled the household segment
to raise their spending on table linens. Consumers of the household segment are
inclined towards buying cotton based tableware. These products are very
pleasing and complement the dining room with their artistic appeal. Customers
belonging to commercial segment such as restaurants and hotels are observed to
be inclined towards rubber mats, plastic and synthetic covers. Growing use of
cloth napkins for hygiene purpose while dining at restaurants, hotels, and even
households is making this product popular and is anticipated to draw more
demand. Premium silk quality based tableware are usually preferred by luxurious
hotels, cafes, restaurants, and among households with high income.
Due
to increasing number of fast food and restaurant chains across the world,
demand for table linen is increasing that provides an aesthetic appeal to the
dining experience. Availability of table covers, mats, table runners, and
napkins in matching sets is anticipated to remain a favorable factor in
generating more demand for table linen. Availability of large varieties of
table linens in different colors, shapes, designs, and patterns at a cheaper
price to match the kitchen décor, such as ready-made curtains and cushion
covers, is anticipated to boost the market demand. Nowadays, table linens are
used as typical decorative and protective table covers so as to avoid any kind
of table stains. Popularity of the table cloths is increasing due to recent
development in producing luxurious, soft, and anti-stain linen.
Browse Press
Release of this report:
Grand View Research has segmented the
global table linen market on the basis of material, distribution channel,
application:
Table Linen Material
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Cotton
·
Artificial Silk
·
Linen Silk
·
Others
Table Linen Distribution
Channel Outlook (Revenue, USD Billion, 2015 - 2025)
·
Hypermarket/Supermarket
·
Specialty Stores
·
Online
Table Linen Application
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Residential
·
Commercial
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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