Glassware Market By Material (Soda Lime Glass, Crystal Glass, Borosilicate Glass, Heat Resistant Glass), By Product Type (Tea Cup, Coffee Mug, Wine Glass, Everyday Glass, Spirit Glass, Beer Mug, Pitchers, Glass Jars, Others), By Price Point (Premium, Medium, Economy), By Distribution Channel (Hypermarkets and supermarkets, Specialized Stores, Online Retail, Others), By End User (Households, Hotels and Restaurants, Corporate canteens, Café and Bars, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The glassware market size was $15180.0 million in 2021 and is estimated to reach $ 25,345.6 million by 2031, registering a CAGR of 5.2% from 2022 to 2031.
Glassware is a decorative glass container made up of different glass materials such as soda lime glass, crystal glass, heat resistance glass, and borosilicate glass. Glassware is widely used in Hotels and Restaurants, Corporate canteens, Café, and Bars to serve and contain beverages and other drinks. There are different types of glassware are offered by the players in the market.
Glassware such as wine glass, everyday glass, spirit glass, beer mugs, and pitchers are gaining popularity owing to their attractive appearance, trendy shapes, and designs which are contributing to the growth of the glassware market. Glassware products have some advantages such as easy cleaning, a smooth surface, and good chemical stability. These factors are expected to fuel the growth of the glassware market. Furthermore, the rising awareness among consumers of the health benefits of glassware such as heating glass in microwaves oven being safer than other material types, and chemicals not leached into food and beverages in glassware assist to upsurge the demand.
The key players operating in this market such as Borosil Glass Works Ltd., and Treo.in., mostly target the household and food industry, as they use glassware products on a regular basis. Furthermore, aggressive marketing of glassware and the association of brands with events and promotions on social media platforms to increase awareness about innovative glassware is expected to propel the growth of the glassware market in the upcoming years.
Online retail platform is the major driver for the global glassware market. Presently, numerous retailers are associating or having web-based retail stores where consumers can gain information about manufacturers and their products. An increase has been witnessed in the number of online shoppers, owing to the availability of varied product options and price comparison on online shopping sites. This is useful for retailers due to zero expenditure on physical outlets or stores. One of the major reasons behind consumers preferring online shopping online is that they can read reviews provided by other users, and compare various stores, products, and prices by different sellers. Furthermore, an increase in e-commerce sales, improvement in logistics services, ease in payment options, and the facility to enter new international markets by major brands significantly contribute toward the growth of the global market.
There are different types of raw materials are used in glass production. Fluctuating prices of raw materials will impact the cash flows and earnings of companies in the ecosystem which is resulted in a higher price of end products. Manufacturers are facing the challenge of increasing prices of raw materials in the process of glass manufacturing. Fuels used by the industry (HFO and NG), soda ash, packing material, freight, manpower, electricity costs, etc. have taken a huge toll on the margins of the industry. Soda ash, being one of the key raw materials for glass manufacturing is largely imported from Romania, USA, Bulgaria, and Kenya. Hike in prices of raw materials, power, and fuel, as changes in government policies with regards to employees, will have an impact on the total expense and the cost of production. With the increasing demand for glassware from different regions, manufacturers are facing a raw material shortage which is increased raw material prices. Low durability and the higher cost of the glassware are expected to hinder the growth of the glassware market. Lack of awareness regarding the glassware product may challenge the growth of the market during the forecast period.
According to the market analysis, the global glassware market is segmented into material, product type, price point, end user, distribution channel, and region. Based on material, the market is divided into soda lime glass, crystal glass, borosilicate glass, and heat resistant glass. By product type, the market is divided into tea cup, coffee mug, wine glass, everyday glass, spirit glass, beer mug, pitchers, glass jars, and others. As per price point, the market is divided into premium, medium, and economy. Based on end user, the market is divided into households, hotels and restaurants, corporate canteens, café and bars, and others. By distribution channel, the market is classified into hypermarkets and supermarkets, specialized stores, online retail, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, and rest of LAMEA).
Some of the key players profiled in the glassware market analysis include Anchor Hocking Group, Inc, Anhui Deli daily Glass Co., Ltd, Arc Online, Borosil Limited, Degrenne, Garbo Glassware, Glass Tech Life, Guangzhou Jing Huang Glassware Co,Ltd, Lenox Corporation, Libbey Glass LLC, Lifetime Brands, Inc, Ocean Glass Public Company Limited, Shandong Huapeng Glass Co., Ltd., Sisecam, Steelite International, Taiwan Glass Industry Corporation, Villeroy & Boch AG, and Zrike Brands.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the glassware market analysis from 2021 to 2031 to identify the prevailing glassware market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the glassware market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global glassware market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
Soda Lime Glass
Crystal Glass
Borosilicate Glass
Heat Resistant Glass
By Product Type
Coffee Mug
Wine Glass
Everyday Glass
Spirit Glass
Beer Mug
Pitchers
Tea Cup
Glass Jars
Others
By Price Point
Premium
Medium
Economy
By Distribution Channel
Hypermarkets and supermarkets
Specialized Stores
Online Retail
Others
By End User
Households
Hotels and Restaurants
Corporate canteens
Café and Bars
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
Glass Tech Life
Anhui Deli daily Glass Co., Ltd
Arc Online
Lenox Corporation
Taiwan Glass Industry Corporation
Anchor Hocking Group, Inc
Shandong Huapeng Glass Co., Ltd.
Ocean Glass Public Company Limited
Garbo Glassware
Villeroy & Boch AG
Zrike Brands
Sisecam
Borosil Limited
Degrenne
Guangzhou Jing Huang Glassware Co,Ltd
Libbey Glass LLC
Lifetime Brands, Inc
Steelite International
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook