Key Insights on Global Glass Tableware Market Evolution Covering Factors and Trends Forecasted till 2026

In order to study the various trends and patterns prevailing in the overall market for Glass Tableware Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Glass Tableware Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Glass tableware has become an important part of commercial as well as household kitchens over the past few years. The emergence of middle class has been pivotal to the soaring revenue of the global market. Their improving purchasing power and rising standard of living has played a crucial role in defining the demand in the global class tableware market. According to the research report by Market Research Reports Search Engine (MRRSE), the overall market was worth US$8.8 bn in 2015 and is anticipated to reach US$14.2 bn by the end of 2024. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.1%.

Global Glass Tableware Market: Drivers and Restraints

Increasing investment by the international hotel brands in the developing countries is one of the major factors responsible for the growth of the glass tableware market at present. Rising disposable income of the consumers which has resulted in increasing expenditure on travel and tourism, which in turn has resulted in the growth of the hotels industry. The impact of this is expected to be high in the long run.

However, increasing raw material prices are expected to hinder the growth of the glass tableware market. The glass tableware industry pay high tariffs on gas compared to the other industries. High cost of soda ash, which contributes more than 30% of the overall cost production of glass products, which is the key factor hindering the growth of the market at present and the impact of this restraint is likely to remain high throughout the forecast period.

Global Glass Tableware Market: Segmentation

The global glass tableware market has been bifurcated on the basis or product types into beverageware, tableware, baby bottles and others. In terms of revenue, tableware held the major market share. Increasing repeat purchases for tableware products is the key factor for the high market share of this segment. Beverageware held the second largest market share in 2015 and is expected to retain its position throughout the forecast period. However, the others segment which are inclusive of cookpots, roasters and casseroles among others held a considerable market share.

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The beverageware segment has been further classified into tea pots, coffee and tea jugs, pitchers and coffee brewers, while the tableware segment has been classified into glass, cups and mugs among others.

Global Glass Tableware Market: Regional Outlook

Geographically, Asia Pacific dominated the global glass tableware market in 2015. High population count combined with the rising middle class population in this region is a key factor which is complementing the growth of the glass tableware market in Asia Pacific. India, China and Japan are the frontrunners for this market in Asia Pacific. Rapid urbanization which has resulted in the increasing per capita income of the consumers is a key factor boosting the demand for glass tableware market in countries such as India, China and Japan. Further, transition in the lifestyle of the consumers leading to the increasing inclination for trendy glass tableware products is another key factor complementing the growth of the glass tableware market in Asia Pacific. North America and Europe are expected to exhibit a healthy growth during the forecast period as well.

Key Players Mentioned in this Report are:

The global glass tableware market is marked by some intense competition from the major players operating in this market. Frequent mergers and acquisitions, joint ventures and partnerships, product innovations and geographical expansions are some of the key strategies adopted by these leading players operating in this market. Libbey Inc., Arc International, Bormioli Rocco SpA, Anchor Hocking LLC and WMF Group are some of the key players operating in this market.

The global glass tableware market has been segmented on the basis of product types and region. The report provides the current market size and anticipates its status over the forecast period.

The report also analyzes factors driving and inhibiting growth of the glass tableware market. The report will help manufacturers, suppliers, and distributors to understand the present and future trends in this market and formulate strategies accordingly.

The report segments the glass tableware market as:

Global Glass Tableware Market, by Product Type:

Beverageware
Tea Pots
Coffee/Tea Jugs
Pitchers
Coffee Brewers
Baby Bottles
Others
Cookpots
Roasters
Casseroles
Bakeware
Bowl
Food Warmer
Measuring Jugs
Global Glass Tableware Market, by Region:

North America
U.S.
Rest of North America
Europe
Western Europe
U.K.
Germany
France
Benelux
Rest of Western Europe
Southern Europe
Italy
Rest of Southern Europe
Eastern Europe
C.I.S.
Russia
Rest of C.I.S.
Northern Europe
NORDIC
Rest of Northern Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East
U.A.E.
Rest of Middle East
Africa
North Africa
Sub-Saharan Africa
Latin America
Brazil
Rest of Latin America

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