The glass tableware global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glass Tableware Market, 2024The glass tableware global market report 2024
Market Size –
The glass tableware market size has grown strongly in recent years. It will grow from $11.13 billion in 2023 to $11.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing consumer preference for durable and stylish tableware, increasing demand for eco-friendly and sustainable materials, growth in the number of lifestyle and home decor magazines, increasing number of trade shows and exhibitions, and growth in the number of restaurants and cafes.
The glass tableware market size is expected to see strong growth in the next few years. It will grow to $15.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the growing hospitality industry, growing urban population, increasing demand for premium tableware, rising sale of tableware, and rising popularity of home entertaining and casual dining. Major trends in the forecast period include technological advancements, eco-friendly materials, minimalist designs, smart glassware, and luxury packaging.
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Scope Of Glass Tableware MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glass Tableware Market Overview
Market Drivers –
The rise of the hospitality sector is projected to boost the glass tableware market. The hospitality sector includes various fields within the service industry focused on delivering services to customers in areas like lodging, food and beverage, recreation, travel, and tourism. The growth of this sector results from increasing global travel, expanding business activities, a focus on personalized experiences, technological innovations, and the emergence of the sharing economy. Glass dinnerware is a valuable asset in the hospitality industry, appreciated for its aesthetic appeal, versatility, durability, and ease of maintenance, which enhances dining experiences. For instance, according to Unilever plc, the global hospitality sector was valued at $4.7 trillion in 2023, with growth projected at 23.8% over the next four years. Therefore, the expansion of the hospitality sector is driving the growth of the glass tableware market.
Market Trends –
Major companies operating in glass tableware are focused on developing innovative products, such as embossed tableware, to enhance design options and meet evolving consumer preferences. Embossed tableware refers to glassware that features raised or recessed designs and patterns on its surface. These designs are created through various techniques, such as molding or etching, resulting in a textured, three-dimensional effect. For instance, in January 2024, Moomin Characters Oy Ltd, a Finland-based online marketplace, launched its first glass tableware collection. This collection showcases intricate designs inspired by the beloved Moomin characters, incorporating whimsical patterns and vibrant colors that bring a playful and nostalgic touch to dining experiences. The glassware is crafted with high-quality, durable materials that ensure aesthetic appeal and longevity.
The glass tableware market covered in this report is segmented –
1 ) By Product Type: Beverage Ware, Tableware, Baby Bottles, Other Product Type
2) By Sales Chanel: Hypermarkets Or Supermarkets, Specialty Stores, Multi-brand Stores, Convenience Stores, Online Retailers, Wholesalers And Distributors, Other Sales Channels
3) By End-Use: Household, Commercial
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Regional Insights –
Asia-Pacific was the largest region in the glass tableware market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass tableware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Saint-Gobain S.A., Spiegelau GmbH, AGC Inc. , Arc International S.A., Nippon Sheet Glass Co. Ltd, Riedel Crystal, Taiwan Glass Industry Corporation, Moser a.s., Fiskars Group, Corelle Brands LLC, Villeroy & Boch AG, Libbey Inc., Anchor Hocking, LLC, Vitro S.A.B. de C.V., Steklarna Hrastnik d.o.o., Dartington Crystal Ltd., Bormioli Rocco S.p.A., Orrefors Kosta Boda AB, Krosno Glass S.A., Waterford Crystal Limited, Pasabahce Cam Sanayi ve Ticaret A.S., La Rochère SAS, Bohemia Crystal, Zwiesel Kristallglas AG
Table of Contents
1. Executive Summary
2. Glass Tableware Market Characteristics
3. Glass Tableware Market Trends And Strategies
4. Glass Tableware Market – Macro Economic Scenario
5. Global Glass Tableware Market Size and Growth
…
32. Global Glass Tableware Market Competitive Benchmarking
33. Global Glass Tableware Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Glass Tableware Market
35. Glass Tableware Market Future Outlook and Potential Analysis
36. Appendix
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