Non Stick Cookwares
PROJECT DESCRIPTION
Non-stick is the surface which is coated with a synthetic polymer called Polytetrafluoroethylene (PTFE) or with ceramic, anodized aluminum, enameled iron which decreases the ability of other materials to stick to it. The term Teflon coating has become synonymous with Non-stick coating in the market.
The growing emphasis on cookware aesthetics and functionality is one of the major trends being witnessed in the global cookware market 2019-2023. The growing customer demand for highly functional and ergonomic cookware products is attributable to the increasing awareness of cookware designs and aesthetics.
The global non-stick cookware market witnesses moderate competition. However, in response to the rising demand worldwide, the competition prevailing in the market is likely to intensify further in the coming years. Besides innovating designs and directing efforts to offer more durable products, the market players are experimenting with diverse strategies to emerge at the market’s fore.
The global nonstick cookware market is likely to reach US$23.03 bn by the end of 2025. Between 2017 and 2025, the market is forecast to exhibit a CAGR of 4.1%. Regionally, Europe held dominance in the global nonstick cookware market, trailed by Asia pacific.
The market for non-stick cookware in India is a fast growing one. The demand is being fuelled by several aspects. Broadly these are increasing health consciousness, a fast-paced lifestyle and need for convenience. The increased purchasing power particularly that of double income households is enabling the adoption of non-stick cookware. Non-stick cookware has also become a symbol of an evolved kitchen. More and more people are opting to use this attractive addition to one’s kitchen. Currently the demand from domestic and export markets for pressure cookers and non-stick cookware growing at 20-25% year-on-year.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| - |
- |
- |
0 |
- |
1.00 |
0.00 |
