How much is the glass tableware market worth, and how is it expected to expand?
The glass tableware market size has grown strongly in recent years. It will grow from $11.85 billion in 2024 to $12.67 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. 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 $16.36 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. 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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What are the top drivers to the rising demand in the glass tableware market?
The rise in the hospitality sector is expected to propel the growth of the glass tableware market going forward. The hospitality sector refers to a broad category of fields within the service industry that focus on providing services to customers in areas such as lodging, food and beverage, recreation, travel, and tourism. The rise in the hospitality sector is due to rising global travel, expanding business activities, a focus on personalized experiences, technological innovations, and the growth of the sharing economy. Glass dinnerware is an excellent asset for the hospitality industry due to its visual attractiveness, adaptability, toughness, and ease of upkeep, which enhances the quality of dining experiences. For instance, in June 2023, according to Unilever plc, a UK-based company that provides nutrition, hygiene, and personal care products, the value of the global hospitality sector was $4.7 trillion in 2023, growing at 23.8% over the next four years. Therefore, the rise in the hospitality sector is driving the growth of the glass tableware market.
How is the glass tableware market segmented?
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
Subsegments:
1) By Beverage Ware: Glass Cups And Mugs, Glass Tumblers, Wine Glasses, Beer Glasses And Steins, Specialty Glassware (Whiskey Tumblers, Cocktail Glasses)
2) By Tableware: Glass Plates And Platters, Glass Bowls, Glass Serving Dishes, Glass Cutlery Holders, Glass Chargers And Coasters
3) By Baby Bottles: Glass Baby Bottles With Nipples, Glass Baby Feeding Bottles, Glass Baby Bottle Sets, Anti-Colic Glass Baby Bottles
4) By Other Product Type: Glass Kitchen Storage Containers, Glass Jars And Canisters, Glass Decorative Items (Vases, Candle Holders), Glass Cookware (Baking Dishes, Pie Plates)
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Who are the top competitors in the glass tableware market?
Major companies operating in the glass tableware 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
What significant trends should we anticipate in the glass tableware market over the forecast period?
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.
Which regional trends are influencing the glass tableware market, and which area dominates the industry?
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.
What Does The Glass Tableware Market Report 2025 Offer?
The glass tableware market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Glass tableware refers to various glass items used for serving, preparing, and consuming food and beverages. These items are essential components of dining settings, from casual to formal.
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