Press release
Glass Tableware Market Forecast 2024: Global Trends and Consumer Demand Insights
Glass Tableware Market Forecast
The new report published by The Business Research Company, titled Glass Tableware Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the glass tableware market size has grown strongly in recent years. It will grow from $11.13 billion in 2023 to $11.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The glass tableware market size is expected to see strong growth in the next few years. It will grow to $15.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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What Is Driving The Growth Of The Global Glass Tableware Market?
Growth In Hospitality Sector Drives Expansion Of Glass Tableware Market
The rise in the hospitality sector is expected to propel the growth of the glass tableware market going forward. The hospitality sector refers to a broad category of fields within the service industry that focus on providing services to customers in areas such as lodging, food and beverage, recreation, travel, and tourism. The rise in the hospitality sector is due to rising global travel, expanding business activities, a focus on personalized experiences, technological innovations, and the growth of the sharing economy. Glass dinnerware is an excellent asset for the hospitality industry due to its visual attractiveness, adaptability, toughness, and ease of upkeep, which enhances the quality of dining experiences. For instance, in June 2023, according to Unilever plc, a UK-based company that provides nutrition, hygiene, and personal care products, the value of the global hospitality sector was $4.7 trillion in 2023, growing at 23.8% over the next four years. Therefore, the rise in the hospitality sector is driving the growth of the glass tableware market.
What Is The Key Trend In The Global Glass Tableware Market?
Moomin Characters Debuts Innovative Embossed Glass Tableware Collection
Major companies operating in glass tableware are focused on developing innovative products, such as embossed tableware, to enhance design options and meet evolving consumer preferences. Embossed tableware refers to glassware that features raised or recessed designs and patterns on its surface. These designs are created through various techniques, such as molding or etching, resulting in a textured, three-dimensional effect. For instance, in January 2024, Moomin Characters Oy Ltd, a Finland-based online marketplace, launched its first glass tableware collection. This collection showcases intricate designs inspired by the beloved Moomin characters, incorporating whimsical patterns and vibrant colors that bring a playful and nostalgic touch to dining experiences. The glassware is crafted with high-quality, durable materials that ensure aesthetic appeal and longevity.
How Is The Global Glass Tableware Market Segmented?
The glass tableware market covered in this report is segmented -
1 ) By Product Type: Beverage Ware, Tableware, Baby Bottles, Other Product Type
2) By Sales Chanel: Hypermarkets Or Supermarkets, Specialty Stores, Multi-brand Stores, Convenience Stores, Online Retailers, Wholesalers And Distributors, Other Sales Channels
3) By End-Use: Household, Commercial
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How Is The Competitive Landscape Of The Global Glass Tableware Market?
Major companies operating in the glass tableware market are Saint-Gobain S.A., Spiegelau GmbH, AGC Inc. , Arc International S.A., Nippon Sheet Glass Co. Ltd, Riedel Crystal, Taiwan Glass Industry Corporation, Moser a.s., Fiskars Group, Corelle Brands LLC, Villeroy & Boch AG, Libbey Inc., Anchor Hocking, LLC, Vitro S.A.B. de C.V., Steklarna Hrastnik d.o.o., Dartington Crystal Ltd., Bormioli Rocco S.p.A., Orrefors Kosta Boda AB, Krosno Glass S.A., Waterford Crystal Limited, Pasabahce Cam Sanayi ve Ticaret A.S., La Rochère SAS, Bohemia Crystal, Zwiesel Kristallglas AG
Contents Of The Global Glass Tableware Market
1. Executive Summary
2. Glass Tableware Market Report Structure
3. Glass Tableware Market Trends And Strategies
4. Glass Tableware Market - Macro Economic Scenario
5. Glass Tableware Market Size And Growth
…..
27. Glass Tableware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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