Glass Tableware Market : Global Forecast over 2024
Read Report Overview @
As stated in the TMR report, the global glass tableware market is expected to be valued at US$14.2 bn in 2024, ahead from its 2015 evaluation of US$8.8 bn. For the report’s forecast period from 2016 to 2024, the global glass tableware market is slated to expand at a CAGR of 6.1%.
Aesthetic tableware, beverageware, tea pots, baby bottles, bowls, cook pots, and roasters are among the key products classified in the global glass tableware market currently. Beverageware is expected to lead the global market and is likely to acquire 34.9% of the market by the end of 2024. The demand for beverageware is largely augmented by the easier recyclability of beverageware when compared to other materials, and the overall increasing consumption of beverages.
From a regional perspective, the global glass tableware market has so far been led by Asia Pacific, owing to the region’s swiftly improving amounts of disposable income. The region is anticipated to acquire a share of 35.8% by 2024 in the market as urbanization continues at an accelerated pace.
The global glass tableware market is forecast to experience a solid rate growth over report’s given forecast period. “Skyrocketing investments being made by international hotel chains into emerging economies such as India, China, and Japan is currently placing a massive demand on the production rate of glass tableware,” states a TMR analyst. This fillip, especially in Asia Pacific, is further augmented by the increasing disposable incomes of urban consumers who are showing more demand for both utility and aesthetic items. Emerging economies are also experiencing an increasing expenditure on travel and tourism as well as a growing interest in eating out has also spiked the demand for glass tableware in recent years. The market is also anticipated to thrive due to the flourishing catering industry, which is expected to have a positive impact on the overall market.
The shifting preference of glass over plastics has also been contributing to the growth of the global glass tableware market. The changing standard of living and growing awareness about the environmental hazards of using plastic are also expected to complement the growth of the overall glass tableware market in the coming years.
Request to view Sample Report:
The global glass tableware market is currently being restrained by several major and minor factors. One of the leading factors hindering the market is the lack of standardization taken up by manufacturers to maintain the quality of the product. Qualities such as durability of the finished product, the presence of permanent residual stress, the grade of glass used, and raw material composition varies with every manufacturer, local or globally prominent. The global glass tableware market is also expected to be hindered by the increasing prices of raw materials.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glass Tableware Market : Global Forecast over 2024 here
News-ID: 856595 • Views: 168
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
TMR - Electrical Submersible Pumps Market by 2022
A large number of prominent enterprises with strong brands currently represent the majority in the global electrical submersible pumps (ESPs) market. This provides the market with a highly competitive vendor landscape. According to Transparency Market Research (TMR), the top four companies operating in the market, comprising Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil & Gas, held over 86% of the global ESP market in 2013. In
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the