Performing tasks with a robotic hand often requires a complete knowledge of the manipulated object, including its properties (shape, rigidity, surface texture) and its location in the environment, in order to ensure safe and efficient manipulation. While well-established procedures exist for the manipulation of rigid objects, as well as several approaches for the manipulation of linear or planar deformable objects such as ropes or fabric, research addressing the characterization of deformable objects occupying a volume remains relatively limited. The fundamental objectives of this research are to track the deformation of non-rigid objects under robotic hand manipulation using RGB-D data, and to automatically classify deformable objects as either rigid, elastic, plastic, or elasto-plastic, based on the material they are made of, and to support recognition of the category of such objects through a robotic probing process in order to enhance manipulation capabilities. The goal is not to attempt to formally model the material of the object, but rather employ a data-driven approach to make decisions based on the observed properties of the object, capture implicitly its deformation behavior, and support adaptive control of a robotic hand for other research in the future. The proposed approach advantageously combines color image and point cloud processing techniques, and proposes a novel combination of the fast level set method with a log-polar mapping of the visual data to robustly detect and track the contour of a deformable object in a RGB-D data stream. Dynamic time warping is employed to characterize the object properties independently from the varying length of the detected contour as the object deforms. The research results demonstrate that a recognition rate over all categories of material of up to 98.3% is achieved based on the detected contour. When integrated in the control loop of a robotic hand, it can contribute to ensure stable grasp, and safe manipulation capability that will preserve the physical integrity of the object.