Press release
Glass Tableware Market 2020 Industry Size, Share, Regional Growth Analysis, Share, Trends and Forecast 2027
According to a new market report published by Transparency Market Research titled “Glass Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028,” the global glass tableware market is expected to reach US$ 10.8 Bn by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. Asia Pacific held the highest market share in the glass tableware market in 2027.The Glass Tableware Market report provides an analysis of the global glass tableware market for the period 2017 – 2026, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
The report covers all the prevalent trends and technologies playing a major role in the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.
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pr global glass tableware market
Growth of the hotel & catering industry is projected to drive demand for glass tableware in the near future. Increase in investments in the hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely used in the hotel & catering industry. Furthermore, rise in disposable income of consumers has resulted in increase in expenditure on travel and tourism. This in turn boosts the growth of the hotel industry.
The tableware industry is set for an explosion and is ready to witness many innovations in terms of design and material, driven by changes in fashion, lifestyle, economic conditions, and demographic factors. Tableware manufacturers are experimenting with different shapes, colors, materials, and textures to attract consumers. There is an increased demand for visually appealing as well as functional tableware.
Beverageware segment includes tea pots, coffee or tea jugs, pitchers, and coffee brewers. Unlike plastic products, glass beverageware contain no harmful chemicals and are safer to use. Consumers are shifting from plastic products to glass beverageware which is contributing to the growth of this segment
Transition in the lifestyle and rise in disposable income is responsible for the growth of this segment. With rapid urbanization, purchasing behavior of consumers and adoption of trendy lifestyles are leading to the high demand for tableware products. The tableware segment is classified into glass, cups, and mugs. The others segment is divided into cookpots, roasters, casseroles, bakeware, bowls, food warmers, and measuring jugs.
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North America and Europe are anticipated to account for major market share due to sophisticated lifestyles and high spending rate. Increase in demand for glass tableware products in Europe and North America will result in the increased production of these products. Also, these regions will remain the prime markets for tableware products due to vast distribution networks.
Asia Pacific accounted for around 35% of the global glass tableware market in 2018 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.
Innovative products and technological advancements are constantly being introduced to the market. Global market is fragmented in nature. 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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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 data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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