Press release
Glassware Market to reach USD $22.9 Bn by 2029, emerging at a CAGR of 5.1 percent and forecast 2023-2029
Glassware Market
Maximize Market Research Pvt Ltd, a renowned market research firm, has released its latest market research report, shedding light on the dynamic Glassware Market. With a valuation of $16.0 billion in 2022, the Glassware Market is poised for substantial growth, projecting a Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2029, reaching a remarkable $22.9 billion.
The Glassware Market report is a comprehensive analysis of the global glass industry, covering various facets including materials, product types, price points, end-users, and geographical regions. The research methodology involves a meticulous analysis of product literature, industry releases, annual reports, and relevant documents from industry leaders. The report places a significant emphasis on competitive product positioning and technological advancements to establish dominance in the global glassware market. Key players are reinforcing their market positions through strategic initiatives. The report aims to provide valuable insights and an in-depth analysis of the glassware market, aiding investors in informed decision-making and understanding the market dynamics within the glass industry.
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Glassware Market Dynamics:
Increasing Levels of Share in the Hotel and Catering Industry Drive Growth: Tourism has fueled hotel and restaurant operations globally, creating new opportunities for the hospitality industry. The demand for various types of glassware products is expected to grow, as customer preferences in this industry are increasingly focused on aesthetics and presentation.
High Cost of Glassware and Rising Demand for Alternatives: High prices of laboratory and hotel glassware, as well as the need for advanced glassware in laboratories, present challenges to the growth of the glassware market. Additionally, the demand for paper-based and steel drinkware is likely to limit market expansion.
Rising Urbanization and the Growing Number of Bars: Urbanization, driven by population growth and rural-to-urban migration, is fostering market growth. The increase in bars worldwide further contributes to the demand for glassware, particularly in the food service industry.
Glassware Market Regional Insights:
Asia Pacific Region: The Asia Pacific region is expected to dominate the glassware market during the forecast period. Rapid urbanization, particularly in countries like China and India, is a significant driving force for the market. The growing number of restaurants and bars in the region is expected to further boost market growth.
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Glassware Market Segmentation:
by Material
Soda Lime Glass
Crystal Glass
Borosilicate Glass
Heat Resistant Glass
by Product Type
Coffee Mug
Wine Glass
Everyday Glass
Spirit Glass
Beer Mug
Pitchers
Tea Cup
Glass Jars
Others
by Price Point
Premium
Medium
Economy
by Distribution Channel
Hypermarkets and supermarkets
Specialized Stores
Online Retail
Others
by End User
Households
Hotels and Restaurants
Corporate canteens
Café and Bars
Others
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Glassware Market Key Players:
1. Steelite International (UK)
2. Villeroy & Boch AG(Germany)
3. Degrenne(France)
4. Taiwan Glass Industry Corporation(Taiwan)
5. Garbo Glassware (China)
6. Shandong Huapeng Glass Co., Ltd. (China)
7. Ocean Glass Public Company Limited (Thailand)
8. Libbey Glass LLC(US)
9. Zrike Brands (US)
10. Glass Tech Life
11. Guangzhou Jing Huang Glassware Co, Ltd (China)
12. Anhui Deli Daily Glass Co., Ltd (China)
13. Lifetime Brands, Inc (US)
14. Sisecam (Turkey)
15. Anchor Hocking Group, Inc.(US)
16. Lenox Corporation (US)
17. Borosil Limited
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/glassware-market/194202/
Table of content for the Glassware Market includes:
1. Global Glassware Market: Research Methodology
2. Global Glassware Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Glassware Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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