Glass Tableware Market: Trending Attributes Creating Positive Impact On The Industry Shares 2019 – 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.

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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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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.

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.

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