Global Glass Tableware Market Size, Trends and Growth Opportunity, By Products (Dinnerware, Drinkware and Others), By End-User (Household and Commercial), By Distribution (Offline and Online) By Region and Forecast Till 2027.
Global Glass Tableware Market
The global glass tableware market was valued at US$ 9.6 billion in 2021 and it is expected to reach at US$ 11.9 billion in 2027 at a CAGR of 3.0 % during forecast period 2022-2027.
Increase in disposable income and changing buying behavior of consumer towards trendy homeware products influence the growth of this industry, developing countries like China and India is projected to promote the scope of glass tableware. Glass tableware is available in transparent, colored and matte forms. With expansion of tourism and hotel industry at global level the demand for glass tableware increases.
Market Drivers
Increasing awareness among consumer regarding the health benefits of using glass tableware shifting from plastic products to glass products as they do not have pores and they eliminate the existence of bacteria. Moreover, expansions of travel and tourism sector and hotel industry, increase in income of consumer are the key factor in escalating the demand for glass tableware market. Further, glass tableware is gaining popularity as it possesses elegant looks with stylish shapes and design which help to gain more traction, consumer are opting for premium products such as glass tableware to gift for various occasion.
Market Restraints
The less durability of the of the product act as a restraining factor for the market growth, with usage of disposable plates in several small restaurants due to its affordable price and no maintenance cost are the key factor in restraining the growth of this market. Further they need to maintain high temperature at the production of glass tableware as low temperature impact the quality and color of glass material which is another factor in hampering the growth for this market.
COVID-19 Glass Tableware Market
With the outbreak of covid-19 the glass table ware also get affected like any other industry due to lockdown and shutting down of hotels and hospitality witnessed slowed sales of tableware such as drinking glass.
Market Segmentation
The global glass tableware market segmented on the basis of products, distribution channel and end user. On the basis of products it segmented into dinnerware, drinkware and others. On the basis of distribution channel it segmented into offline and online. On the basis of end-user it segmented into household and commercial.
Regional Analysis
The global glass tableware market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia-Pacific is expected to remain at the forefront in terms of revenue followed by North America and Europe. The rising growth of tourism in this region leading to increasing construction of food outlets such as family/casual dinner, cafe, bars ,and other help to increase the demand for product.
Key Players
Various key players are listed in this report such as Oneida Limited, Borosil Glass Works Ltd, Corelle Brands, Libbey, Inc., Lenox Corporation, World Kitchen LLC, ARC International S.A, Sisecam Group, Kavalier Glass A.S and Anchor Hocking LLC.
Market Taxonomy
By Products
Dinnerware
Drinkware
Others
By End -User
Household
Commercial
By Distribution channel
Offline
Online
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Glass Tableware Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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