Glass Tableware Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2032
The glass tableware market size is expected to reach a valuation of US$ 9.8 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 12.8 Bn by 2032.
Higher spending on casual house-ware products such as glass tableware products will drive the demand in the market. Surge in number of households coupled with rise in per capita income is expected to fuel demand for glass tableware in the global market.
Furthermore, shift from plastic tableware products to glass tableware products due to growing use of environment-friendly, recyclable, and biodegradable products is rising. Hence, demand for glass tableware is projected to accelerate over the forecast period (2022-2032).
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Key Takeaways from the Glass Tableware Market Study
Based on product type, the tableware and beverage ware is expected to hold considerable share in the market.
In the end-use, the commercial segment is expected to witness positive growth over the assessment period.
Europe is expected to dominate the global glass tableware market through 2022 & beyond.
In terms of sales channel, the convenience store is anticipated to hold the major market share during the forecast period.
As the tourism industry continues its global expansion, demand for eco-friendly and environmentally sound glass tableware is on the rise. Through 2032 this market will see steady growth with a projected 9% increase per year!
“Expansion of hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely preferred in residential areas apart from commercial areas mainly due to their aesthetic appeal that also contributes towards kitchen decor,” says an FMI analyst.
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Who is winning?
Mergers and acquisitions, as well as product development and innovation, are among the techniques companies are using to increase their market share. Further, companies are coming up with discount offers to gain new customers.
Adding new features and functionality is a major concern for companies. Major players present in the glass tableware market are:
Lenox Corporation
World Kitchen LLC
ARC International S.A.
Anchor Hocking LLC
Sisecam Group
Libbey Inc.
Borosil Glass Works Ltd.
Bormioli Rocco Group
LaOpala R.G. Ltd.
Kavalier Glass A.S.
Others (as per request)
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