What Has Been the Growth of the Glass Tableware Market So Far?
The glass tableware market has seen considerable growth due to a variety of factors.
• The glass tableware market has shown consistent growth in recent years. It is expected to grow from $11.85 billion in 2024 to $12.67 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
This growth is attributed to greater consumer preference for durable and stylish tableware, a rising demand for eco-friendly materials, increased coverage of home décor trends, more trade shows and exhibitions, and the growing number of restaurants and cafes.
What Are the Future Growth Projections for the Glass Tableware Market?
The glass tableware market is expected to maintain its strong growth trajectory in upcoming years.
• The glass tableware market is expected to see strong growth, reaching $16.36 billion by 2029, with a CAGR of 6.6%.
The growth is driven by the expanding hospitality industry, urban population growth, rising demand for premium tableware, the increasing sale of tableware, and the popularity of home entertaining and casual dining. Major trends include technological advancements, eco-friendly materials, minimalist designs, smart glassware, and luxury packaging.
What Are The Core Factors Supporting Growth In The Glass Tableware Market?
The growth of the hospitality sector is expected to boost the glass tableware market. This sector includes services in areas such as lodging, food and beverage, travel, and tourism. The sector's expansion is driven by increased global travel, business growth, technological advancements, and a focus on personalized experiences. Glass dinnerware, known for its appeal, durability, and low maintenance, is valuable in enhancing dining experiences. For example, in June 2023, Unilever reported that the global hospitality sector was worth $4.7 trillion in 2023 and is projected to grow by 23.8% in the next four years. As a result, the hospitality sector is fostering the growth of the glass tableware market.
What Are The Major Segments Within The Global Glass Tableware Market?
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 Trends Are Shaping The Glass Tableware Market?
Leading businesses in the glass tableware sector are primarily focusing on product innovation, such as introducing embossed tableware that enhances design versatility and caters to modern consumer trends. Embossed tableware denotes glassware that comes with an interplay of raised and lowered designs or patterns on its surface. These patterns are shaped through techniques like moulding or engraving, leading to a three-dimensional, tactile effect. For instance, Moomin Characters Oy Ltd, a digital marketplace based in Finland, unveiled its inaugural glass tableware collection in January 2024. This collection is marked by complex designs drawn from the popular Moomin characters, blending whimsical patterns and bright hues that contribute a pleasant, retro element to mealtimes. The glassware combines aesthetic appeal and durability due to the use of high-quality, resilient materials.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
