Press release
Key Factor Supporting Glassware Market Development in 2025: Cafe And Bar Culture Fuels Glassware Market Expansion
Glassware Market
How Large Will the Glassware Market Size By 2025?
The glassware industry has witnessed a robust growth in the past few years. The market size, which was $17.04 billion in 2024, is predicted to increase to $18.17 billion in 2025 in a year, demonstrating a compound annual growth rate (CAGR) of 6.7%. Various factors such as consumer preferences, economic scenario, cultural impacts, market rivalry, and international trade movements have driven the growth during the historic period.
How Big Is the Glassware Market Size Expected to Grow by 2029?
A robust increase is predicted in the glassware market size in the forthcoming years. The market is projected to escalate to $22.18 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.1%. Factors contributing to the growth during the forecast period include shifts in consumer tastes, sustainability trends, economic conditions, global market growth, and changes in regulations. The future era is set to witness key trends such as innovation in production, digitization and e-commerce, advanced technology, the union of technology, and the expansion of online retailing.
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Which Key Market Drivers Powering Glassware Market Expansion and Growth?
As cafes and bars continue to permeate society, they spearhead the expansion of the glassware market. Cafes and bars are distinct entities that offer food and drinks, each having a distinct vibe and features. They employ various types of glassware to serve a multitude of beverages such as cocktails, wines, beers, and non-alcoholic drinks. The use of these glassware not only elevates the sensory satisfaction but also upholds the drink's quality and aids in defining the establishment's overall ambience and uniqueness. For instance, as reported by Starbucks Corporation in February 2023, the first quarter of the fiscal year 2023 saw a commendable growth for Starbucks as they added 459 new outlets to their portfolio, hiking their global footprint to 36,170 locations. By the next quarter, this escalated to 36,634. Starbucks is further aspiring to boost their worldwide presence to 55,000 stores by 2030. Besides this, Budget Branders, a US-based restaurant supplier, concluded in 2024 that, backed by a 1.5% growth since 2022, there will be approximately 69,485 registered bars within the US. Consequently, the influx of cafes and bars is predicted to stoke the flames of the glassware market's growth. Glassware Market Driver: Urbanization Fuels the Growth of the Glassware Market
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Which Fast-Growing Trends Are Poised to Disrupt the Glassware Market?
Major players in the glassware industry, such as Marimekko Oyk, are concentrating on developing innovative glass products like the Syksy Nordic autumn rain pattern glassware. The aim is to enhance their offerings in the table-setting range, with inspirations taken from the autumn rain. Syksy effectively merges purposeful shapes with illustrative designs that capture the essence of Nordic autumn rain, ranging from mild showers to heavy rainstorms. In August 2023, Marimekko Oyk, a lifestyle and fashion firm based in Finland, introduced the Syksy glassware collection, including hand-blown tumblers, carafes, and goblets. The designs, featuring sketches inspired by the Nordic autumn rain from light drizzles to intense downpours, can be stacked and combined with other Marimekko tableware, ensuring a classy enhancement to their table-setting range.
What Are the Emerging Segments in the Glassware Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Glassware Industry?
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.
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