openPR Logo
Press release

Glass Tableware Market: Beverageware Assumes Lead with a Lion’s Share of 34.9% in Global Market

01-17-2017 10:48 AM CET | Fashion, Lifestyle, Trends

Press release from: TMR

Glass Tableware Market: Beverageware Assumes Lead with

According to the research report, the global glass tableware market is expected to be worth the US$14.2 bn by the end of 2024 as compared to US$8.8 bn in 2015. During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.1%.

Environmental Hazards of Using Plastic Encourages Consumers to Replace it with Glass

In the coming years, the global market is expected to thrive against the backdrop of changing perception towards plastic. Increasing awareness about its environmental hazards and the fact that it remains non-biodegradable has encouraged consumers to replace plastic tableware with glass. The negative implications of using plastic tableware on health have also prompted several consumers to use glass instead. All of these factors are expected to have a high impact on the global market in the coming years. The market also stands to benefit from the radical transformation in the glass is made. The improving aesthetics of glass tableware has won the market numerous consumers in the recent past.

Get a PDF Sample Brochure at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=763

The only drawback in the global glass tableware market is the inability of manufacturers to maintain the quality of the products. The lack of standardization is expected to act as an impediment to the growth of the overall market in the coming years. Furthermore, rising prices of raw materials to manufacture glass is also anticipated to hinder the market growth.

Tableware Segment to Show Consistent Progress throughout Forecast Period

The various products available in the global glass tableware market are tableware, beverageware, which includes tea pots, coffee or tea jugs, coffee brewers, and pitchers. The market also sells baby bottles, cookpots, roasters, bakeware, casseroles, food warmer, bowls, and measuring jugs. Of these, the tableware product segment showed the highest growth rate, accounting for nearly 40% of the overall market in 2015. The glass cups and mugs were the most popularly sold items under this segment. Beverageware remained in tow, with coffee or tea jugs contributing to its second-highest revenue.

Asia Pacific Exhibits Excellent Growth Rate as Economies Strengthen

In terms of regions, the market is segmented into North America, Europe, the Middle East, Latin America, and Asia Pacific. Of these, the emerging economies have made a significant contribution in making Asia Pacific the frontrunner in the global glass tableware market. Emerging economies of countries such as China, Japan, and India are expected to boost the demand for glass tableware in Asia Pacific all throughout the forecast period. The rising disposable incomes of consumers, their changing spending patterns, ability to eat outdoors, and flourishing hotel industry has been the architecture of the positive trajectory of the market in Asia Pacific. Analysts expect that developing regions of the Middle East and Latin America are also likely offer incremental opportunities to the global glass tableware market in the coming years.

Some of the leading players operating in the global glass tableware market are Libbey Inc, Arc International, Anchor Hocking LLC, Sisecam Group, and WMF Group. The players are facing tough competition in the market due to the strong presence of several local manufacturers. The ability of local players to reduce costs and sell products at cheaper prices has been winning them a large consumer base. Additionally, strong promotional activities and marketing strategies has also worked in their favor.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Glass Tableware Market: Beverageware Assumes Lead with a Lion’s Share of 34.9% in Global Market here

News-ID: 414485 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Asia

South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,
RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019". The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients. Asked to comment on the move, Luke Palmer, the