Press release
Glassware Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Glassware Market Size
The glassware market's growth is being fuelled by the rising popularity and presence of cafes and bars. These establishments, each possessing distinct features and ambiance, heavily rely on glassware for serving food and beverages, including various alcoholic and non-alcoholic beverages. The feel of the glassware, its role in preserving the drink's quality, and its contribution to the overall place's identity and charm are crucial elements. For example, Starbucks Corporation, a coffeehouse company from the US, showed substantial growth in the early parts of 2023. The same year, by February, they added 459 new stores, increasing their global footprint to 36,170 locations. By the second quarter, this figure had risen to 36,634. Starbucks aims to enlarge its network to 55,000 stores globally by 2030. Furthermore, according to Budget Branders, a restaurant supply store in the US, the year 2024 predicts about 69,485 registered bars in the US, marking a 1.5% increase from the year 2022. Hence, this expanding penetration of cafes and bars is anticipated to strongly push the glassware market's growth. Glassware Market Driver: Nested in Urbanization
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What growth opportunities are expected to drive the glassware market's CAGR through 2034?
The size of the glassware market has seen substantial growth in the past few years. It is predicted to rise from a worth of $17.04 billion in 2024 to more than $18.17 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. Factors such as consumer tastes, economic circumstances, cultural factors, market rivalry, and the state of global trade have played a significant role in this historical growth.
Strong growth is anticipated in the size of the glassware market in the upcoming years. The projection is that it will escalate to $22.18 billion in 2029, with a compound annual growth rate (CAGR) of 5.1%. Contributing factors to this growth during the forecast period can be associated with evolving consumer tastes, sustainability movements, economic conditions, global market growth, and changes in regulations. Key trends for the forecast period involve advancements in manufacturing, e-commerce and digitalisation, technological progress, integration of technology, and growth in online retail.
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What are the most significant trends transforming the glassware market today?
Leading players in the glassware market, such as Marimekko Oyk, are concentrating on the conceptualization and creation of innovative glassware products like Syksy Nordic autumn rain pattern glassware aiming to elevate their brand's table-setting category. The product series incorporates diverse designs inspired by the variations strength of the Nordic autumn rain, ranging from soft drizzles to heavy downpours. In August 2023, Marimekko Oyk, a company based in Finland that specializes in lifestyle and fashion, introduced the Syksy glassware series. This inclusive selection comprises of mouth-blown tumblers, goblets and carafes all featuring drawn patterns that emulate the Nordic autumn rain. These versatile pieces are not only stackable but also can be mixed with other Marimekko tableware, providing a refined complement to the brand's table setting category.
Which growth-oriented segments of the glassware market are leading the industry's development?
The glassware market covered in this report is segmented -
1) By Material: Soda Lime Glass, Crystal Glass, Borosilicate Glass, Heat Resistant Glass
2) By Price Point: Premium, Medium, Economy
3) By Distribution Channel: Business-To-Business (B2B), E-Commerce, Super markets And Hyper markets, Specialized Stores, Other Distribution Channels
4) By End-User: Households, Hotels And Restaurants, Corporate Canteens, Cafe And Bars, Other End-Users
Subsegments:
1) By Soda Lime Glass: Glass Bottles, Glass Jars, Drinking Glasses, Containers
2) By Crystal Glass: Crystal Glasses, Crystal Vases, Crystal Bowls, Crystal Decanters
3) By Borosilicate Glass: Laboratory Glassware, Kitchenware, Bakeware
4) By Heat Resistant Glass: Cookware, Oven-Safe Glass Containers, Drinkware
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What regions are leading the charge in the glassware market?
Asia-Pacific was the largest region in the glassware market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glassware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the glassware market?
Major companies operating in the glassware market report are Groupe SEB SA, Arc International Tableware UK Ltd., Sisecam Dis Ticaret Anonim Sirketi, Lenox Corporation, Taiwan Glass Industry Corporation, Villeroy & Boch AG, Libbey Glass LLC, Lifetime Brands Inc., The Oneida Group Inc., Anchor Hocking Group Inc., Denby Pottery Company Ltd., Anhui Deli Housedhold Glass Co. Ltd., Shandong Huapeng Glass Co. Ltd., Borosil Limited, DEGRENNE, Ocean Glass Public Company Limited, Cello World Limited, Stölzle Lausitz GmbH, Garbo Glassware, Glasstech Industries (India) Pvt. Ltd., Zrike Brands, Steklarna Hrastnik d.o.o., Eagle Glass Deco Pvt. Ltd., Guangzhou Jing Huang Glassware Co. Ltd., Steelite International Ltd., Jiangsu Rongtai Glass Products Co. Ltd., Cumbria Crystal Limited
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What Is Covered In The Glassware Global Market Report?
• Market Size Forecast: Examine the glassware market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the glassware market for a structured understanding.
• Key Players Overview: Analyze major players in the glassware market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the glassware market.
• Segment Contributions: Evaluate how different segments drive overall growth in the glassware market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the glassware market.
• Industry Challenges: Identify potential risks and obstacles affecting the glassware market.
• Competitive Landscape: Review strategic developments in the glassware market, including expansions, agreements, and new product launches.
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