The glass tableware market size has grown strongly in recent years, expected to increase from $11.13 billion in 2023 to $11.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in this historic period can be linked to increasing consumer preference for durable and stylish tableware, a rising demand for eco-friendly and sustainable materials, growth in lifestyle and home decor publications, a higher number of trade shows and exhibitions, and an increase in the number of restaurants and cafes. Looking forward, the glass tableware market is projected to grow to $15.36 billion in 2028, with a CAGR of 6.7%. This growth during the forecast period can be attributed to the expansion of the hospitality industry, a growing urban population, increasing demand for premium tableware, rising sales in tableware products, and the increasing popularity of home entertaining and casual dining. Major trends anticipated in this period include technological advancements in glassware production, the use of eco-friendly materials, the emergence of minimalist designs, smart glassware innovations, and luxury packaging solutions.
Global Glass Tableware Market Key Driver
The rise of the hospitality sector is projected to boost the glass tableware market. The hospitality sector includes various fields within the service industry focused on delivering services to customers in areas like lodging, food and beverage, recreation, travel, and tourism. The growth of this sector results from increasing global travel, expanding business activities, a focus on personalized experiences, technological innovations, and the emergence of the sharing economy. Glass dinnerware is a valuable asset in the hospitality industry, appreciated for its aesthetic appeal, versatility, durability, and ease of maintenance, which enhances dining experiences. For instance, according to Unilever plc, the global hospitality sector was valued at $4.7 trillion in 2023, with growth projected at 23.8% over the next four years. Therefore, the expansion of the hospitality sector is driving the growth of the glass tableware market.
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Global Glass Tableware Market Segments
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
By Geography:The regions covered in the glass tableware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Glass Tableware Industry Players
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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Glass Tableware Market Overview
Glass tableware refers to various glass items used for serving, preparing, and consuming food and beverages. These items are essential components of dining settings, from casual to formal.
Glass Tableware Global Market Report 2023 provides data on the global glass tableware market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The glass tableware market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
