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Key Influencer in the Glass Tableware Market 2025: Growth In Hospitality Sector Drives Expansion Of Glass Tableware Market Driver
Key Influencer in the Glass Tableware Market
The rise in the hospitality sector is expected to drive the growth of the glass tableware market. The hospitality sector, which includes lodging, food and beverage, and travel, is expanding due to increased global travel, personalized experiences, and technological innovations. Glass tableware, prized for its beauty and durability, is a staple in the hospitality industry. For instance, in June 2023, Unilever reported that the global hospitality sector was valued at $4.7 trillion and projected to grow by 23.8% over the next four years. The rise of the hospitality sector will continue to propel the glass tableware market.
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What is the projected compound annual growth rate (CAGR) of the glass tableware market from 2025 to 2034, and what factors influence it?
The glass tableware market has seen steady growth. It will increase from $11.85 billion in 2024 to $12.67 billion in 2025, at a CAGR of 7.0%. This growth is driven by consumer preferences for durable and stylish tableware, increased demand for eco-friendly materials, the rise of lifestyle and home décor magazines, and a growing number of trade shows and restaurants.
The glass tableware market is expected to grow to $16.36 billion by 2029, at a CAGR of 6.6%. Growth is attributed to the growing hospitality industry, urban population increase, premium tableware demand, and rising casual dining. Trends include technological advancements, eco-friendly materials, minimalist designs, smart glassware, and luxury packaging.
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How are the latest trends influencing the growth of the glass tableware market?
Companies in the glass tableware market are developing products like embossed tableware to offer unique designs and meet consumer preferences. Embossed tableware features raised or recessed designs that add texture and dimension to glassware. For example, in January 2024, Moomin Characters Oy Ltd, a Finland-based company, launched a glass tableware collection with intricate designs inspired by Moomin characters, combining whimsical patterns and vibrant colors for a playful, nostalgic dining experience.
What are the major segments of the glass tableware market and their role in driving growth?
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
Subsegments:
1) By Beverage Ware: Glass Cups And Mugs, Glass Tumblers, Wine Glasses, Beer Glasses And Steins, Specialty Glassware (Whiskey Tumblers, Cocktail Glasses)
2) By Tableware: Glass Plates And Platters, Glass Bowls, Glass Serving Dishes, Glass Cutlery Holders, Glass Chargers And Coasters
3) By Baby Bottles: Glass Baby Bottles With Nipples, Glass Baby Feeding Bottles, Glass Baby Bottle Sets, Anti-Colic Glass Baby Bottles
4) By Other Product Type: Glass Kitchen Storage Containers, Glass Jars And Canisters, Glass Decorative Items (Vases, Candle Holders), Glass Cookware (Baking Dishes, Pie Plates)
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What regions are leading the charge in the glass tableware market?
Asia-Pacific was the largest region in the glass tableware market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass tableware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the 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
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What Is Covered In The Glass Tableware Global Market Report?
•Market Size Forecast: Examine the glass tableware market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the glass tableware market for a structured understanding.
•Key Players Overview: Analyze major players in the glass tableware market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the glass tableware market.
•Segment Contributions: Evaluate how different segments drive overall growth in the glass tableware market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the glass tableware market.
•Industry Challenges: Identify potential risks and obstacles affecting the glass tableware market.
•Competitive Landscape: Review strategic developments in the glass tableware market, including expansions, agreements, and new product launches.
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