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Glass Tableware Market Expected to Reach US$ 10.5 Bn by 2026 || Libbey Inc., ARC International S.A., Anchor Hocking LLC, Sisecam Group, Bormioli Rocco SpA, Wuerttembergische Metallwarenfabrik AG, Lenox Corporation, World Kitchen LLC, LaOpala R.G. Ltd. Bor
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Glass tableware comprises cutlery and cookware made of glass and are used for serving food while dining, and is a part of table setting. Glass tableware is becoming an integral part of both commercial and household kitchens since the last few years. The emergence of middle class population is driving the revenue growth of the Glass Tableware Market at the global level. The change in purchasing power and rising standard of living of the growing middle-class population is playing a pivotal role in shaping the demand for glass tableware products.
Increase in disposable income in emerging countries and growing middle class population presents large opportunities in the glass tableware market. This is because the young generation with high income prefers to buy luxury casual products rather than traditional products. Rise in the middle class population with better income opportunities will increase per capita income globally, with higher spending on casual house-ware products such as glass tableware products. Plastic tableware products will be replaced by glass tableware products in the long term due to increase in health awareness among the educated middle class and rise in emphasis on usage of environment friendly, recyclable, and biodegradable products.
Increase in the number of online and offline sales channels have made distribution easier for manufacturers. The well-organized retail industry helps manufacturers to reduce their efforts required to distribute goods and sell products at competitive prices. Moreover, it helps manufacturers to advertise their products under one roof, thereby reducing their advertising and marketing costs.
Increase in demand for glass tableware products can be mainly attributed to the rise in standard of living of consumers, especially in the developing countries. Demand for a better lifestyle has stimulated the demand for glass tableware products. Further, market players are focused on penetrating the developing countries for their business expansion owing to the rising standard of living of people in these countries, which depicts business potential.
The glass tableware industry needs to maintain high temperatures at their production units. When gas pressure or voltage is low, the desired level of temperature reduces and it takes a long time to get back to its original position. Low temperature affects the quality and color of glass and increases the cost of production. Quality can be improved greatly by having a controlled temperature. Correct temperature provides optimum surface finish and dimensional stability through improved physical properties.
The glass tableware market is growing and demand for glass tableware products is gradually changing from formal to casual. This shift in consumer behavior has induced glass tableware manufacturers to engage in research and development activities to introduce new products. Technological advancements will allow manufacturers to reduce cosmetic and functional flaws. Hence, technological innovation is expected to present significant opportunities in the glass tableware market.
By product, the beverageware segment which includes tea pots, coffee/tea jugs, pitchers, and coffee brewers is expected to have the highest CAGR of 3.1% from 2018 to 2026. Rise in the consumption of alcohol in the U.S. backed by higher spending rates is resulting in the growth of the beverageware market. Coffee jugs held the largest market share in the beverageware segment compared to tea pots and is expected to remain the same over the forecast period. This is due to the high consumption of coffee in the U.S. Tableware segment which includes glass, cups, and mugs is expected to have a CAGR of 2.9% over the forecast timeframe.
Asia Pacific accounted for 33.42% of the global glass tableware market in 2014 and is anticipated to continue its dominance over the forecast timeline. Europe has the largest middle class population in the world, followed by Asia Pacific and North America. The middle class population in Asia Pacific is expected to rise due to economic development in this region. The consumption rate of glass tableware products is higher in EMEA and Asia Pacific as compared to other regions.
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The glass tableware industry is fragmented across the world. Companies are developing innovative products to retain their market share. Some of the industry participants of the global glass tableware market are Libbey Inc., ARC International S.A., Anchor Hocking LLC, Sisecam Group, Bormioli Rocco SpA, Wuerttembergische Metallwarenfabrik AG, Lenox Corporation, World Kitchen LLC, LaOpala R.G. Ltd. Borosil Glass Works Ltd., Kavalier Glass A.S., and Termisil Huta Szkla Wolomin S.A.
Market Segmentation
Global Glass Tableware Market, by Product
Beverageware
Tea Pots
Coffee/ Tea Jugs
Pitchers
Coffee Brewers
Tableware
Glass
Cups
Mugs
Baby Bottles
Others
Cookpots
Roasters
Casseroles
Bakeware
Bowl
Food Warmer
Measuring Jugs
Global Glass Tableware Market, by Geography
North America
Glass Tableware Market, by Product
Glass Tableware Market, by Country
U.S.
Rest of North America
U.S.
Glass Tableware Market, by Product
Rest of North America
Glass Tableware Market, by Product
Europe
Glass Tableware Market, by Product
Glass Tableware Market, by Sub-Region
Western Europe
Southern Europe
Eastern Europe
CIS
Northern Europe
Western Europe
Glass Tableware Market, by Product
Glass Tableware Market, by Country
UK
Germany
France
Benelux
Rest of Western Europe
Western Europe
Glass Tableware Market, by Product
Glass Tableware Market, by Country
UK
Germany
France
Benelux
Rest of Western Europe
UK
Glass Tableware Market, by Product
Germany
Glass Tableware Market, by Product
France
Glass Tableware Market, by Product
Benelux
Glass Tableware Market, by Product
Rest of Western Europe
Glass Tableware Market, by Product
Southern Europe
Glass Tableware Market, by Product
Glass Tableware Market, by Country
Italy
Rest of Southern Europe
Italy
Glass Tableware Market, by Product
Rest of Southern Europe
Glass Tableware Market, by Product
Eastern Europe
Glass Tableware Market, by Product
CIS
Glass Tableware Market, by Product
Glass Tableware Market, by Country
Russia
Rest of CIS
Russia
Glass Tableware Market, by Product
Rest of CIS
Glass Tableware Market, by Product
Northern Europe
Glass Tableware Market, by Product
Glass Tableware Market, by Country
NORDIC
Rest of Northern Europe
NORDIC
Glass Tableware Market, by Product
Rest of Northern Europe
Glass Tableware Market, by Product
Asia Pacific
Glass Tableware Market, by Product
Glass Tableware Market, by Country
China
India
Japan
Rest of Asia Pacific
China
Glass Tableware Market, by Product
India
Glass Tableware Market, by Product
Japan
Glass Tableware Market, by Product
Rest of Asia Pacific
Glass Tableware Market, by Product
Middle East & Africa
Glass Tableware Market, by Product
Glass Tableware Market, by Country
UAE
Rest of Middle East
Africa
UAE
Glass Tableware Market, by Product
Rest of Middle East
Glass Tableware Market, by Product
Africa
Glass Tableware Market, by Product
Glass Tableware Market, by Sub-Region
North Africa
Sub-Saharan Africa
North Africa
Glass Tableware Market, by Product
Sub-Saharan Africa
Glass Tableware Market, by Product
Latin America
Glass Tableware Market, by Product
Glass Tableware Market, by Country
Brazil
Rest of Latin America
Brazil
Glass Tableware Market, by Product
Rest of Latin America
Glass Tableware Market, by Product
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