The glass tableware market size is estimated to be valued at USD 11 billion in 2023 and is expected to reach a valuation of USD 15 billion by 2033. The adoption of glass tableware is likely to advance at a CAGR of 3.1% during the forecast period.
An intriguing trend in the glass tableware market is the fusion of different materials with glass. Manufacturers are experimenting with combining glass with elements like wood, metal, ceramic, or even natural fibers to create unique and visually appealing tableware pieces. This trend adds a touch of novelty and creativity to traditional glass tableware designs, making them stand out and capture consumer interest.
Increasingly, consumers are seeking glass tableware that features artistic patterns and textures. Manufacturers are using advanced techniques such as etching, engraving, and embossing to create intricate designs on glass surfaces. These patterns and textures enhance the visual appeal of the tableware, adding a sense of elegance, sophistication, and individuality to the dining experience.
Sustainability is becoming a key concern for consumers, and the glass tableware market is responding with eco-friendly innovations. Manufacturers are exploring sustainable production processes, utilizing recycled glass, and incorporating eco-conscious practices throughout the supply chain. This includes using energy-efficient manufacturing methods and reducing carbon footprint. Eco-friendly glass tableware options are gaining traction among environmentally conscious consumers, creating a niche market segment.
An emerging trend is the demand for multi-functional glass tableware. Consumers are looking for versatile products that can serve multiple purposes, such as glassware that can be used for both hot and cold beverages, or bowls that can be used for serving and food storage. This trend reflects the desire for practicality and convenience in tableware, as it saves storage space and offers greater value to consumers.
Collaborations between glass tableware manufacturers and renowned designers or artists are becoming more common. These partnerships result in limited edition collections that blend craftsmanship, artistic vision, and functionality. Limited edition glass tableware pieces appeal to collectors, design enthusiasts, and those seeking exclusive and unique tableware options.
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 11 billion |
Projected Market Size (2033) | USD 15 billion |
CAGR from 2023 to 2033 | 3.1% |
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Demand for the glass tableware market is forecast to surge at a 3.1% CAGR, in comparison with the 2.9% CAGR registered between 2018 and 2022, opines Future Market Insights (FMI). Expansion of catering and hotel business due to the growing popularity of eating is expected to boost glass tableware demand with aesthetic appeal. Glass tableware is the most preferred as they do not have pores and do not allow bacteria to grow.
With rising health consciousness, the shift from plastic to glass tableware is expected to surge over the forecast period. As glass dinnerware is available in a variety of finishes, including transparent, tinted, and matte, the demand for glass tableware in the market is expected to increase at a positive rate between 2023 and 2033.
Glass tableware is gaining immense traction due to its affordability, increasing its application in residential and commercial sectors. Their non-reactive nature lends to their overall durability.
The expansion of the tourism industry across the globe is resulting in increased demand for glass tableware. As diverse industries are opting for eco-friendly and environmentally sound products, the market is poised to expand at a steady rate through 2033.
Hence, key manufacturers are focusing on producing glass tableware with improved quality to cater to the growing demand. Increased preference for aesthetic tableware in hospitality events and the growing awareness regarding the greater amounts of use of plastic has led to an increased number of individuals purchasing meals via glass dishes.
Innovative modern-day utensils are continually improved and enhanced through technology research, resulting in a variety of items including durable, cleaner products, and enhanced product packaging.
Industrial designers and researcher’s at large firms are striving to create new and innovative technologies, features, designs, shapes, colors, functions, and labels that help promote sales. Researchers focus on analysis, performance testing, and failure analysis so that they can provide technical support and help with quality assessment and project management. They perform research from raw materials to finished products by developing sustainable products.
In North America, the United States is expected to be the most lucrative country for the glass tableware market. The market is expected to grow with a CAGR of 2.9% over the forecast period. Growth is attributed to the rising fad of a cruise vacation, resulting in an increase in demand for tableware in restaurants and bars on such cruise liners.
In Europe, Germany is expected to hold lion’s share in the glass tableware industry, with sales rising at a CAGR of 2.1% during the forecast period. The market for glass tableware is driven by consumer spending power and higher-than-average usage of glass tableware.
Further, USDA Foreign Agricultural Services’ 2019 report estimates Germany is the largest food-and-agricultural-products industry in Europe, and the three main segments in this industry are hotels, restaurants, and catering institutions.
In 2018, Germany's food services market grew tremendously, reaching an all-time record of USD 99 Billion. Such factors are contributing highly to the growth of the glass tableware industry in Germany.
FMI opines China is estimated to dominate the East Asia glass tableware market over the assessment period. Sales in the market are expected to grow at a CAGR of 2.7% between 2023 and 2033.
Growth is primarily underpinned by the advancement of investment in local restaurants and food chains. China is expected to witness an increased demand in the market due to its rising application in the catering and hospitality business.
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In the product category, tableware products are expected to dominate the market with a share of 37% in 2033. The increasing trend to live in rental houses, coupled with a preference for compact homes’ interiors will propel the sales of tableware. Further, growth in the segment is attributed to the flourishing hospitality sector.
Based on end-use, the commercial sector is expected to dominate the market. Sales in the commercial sector are anticipated to grow at a CAGR of 3.5% between 2023 and 2033. The expansion of restaurants and bars has surged the demand for dining glassware, such as dinnerware.
Glass-based dining crockery used across residential segments is also increasing, with a rising inclination for aesthetics within home settings. This is due to the preference for open-air dining and aesthetic architecture.
Based on the sales channel, the hypermarkets/supermarkets category is expected to dominate the market due to the easy availability of the products. Further, customers prefer to touch and feel products before buying which has increased sales in hypermarkets/supermarkets.
The glass tableware market is characterized by a competitive landscape with several key players vying for market share. Established brands such as Arc International, Libbey Inc., and Bormioli Rocco Group dominate the market with their wide range of high-quality tableware offerings. These companies focus on product innovation, design excellence, and maintaining strong distribution networks to stay ahead.
There is a growing presence of niche players and artisanal brands that cater to specific market segments with unique designs and craftsmanship. The competitive landscape is further intensified by the emergence of online retailers and direct-to-consumer channels, allowing smaller players to reach a wider audience. Overall, the glass tableware market presents a diverse and competitive environment, driving continuous innovation and providing consumers with a wide range of options to choose from.
Strategies for Glass Tableware Manufacturers to Expand in the Market
Product Portfolio:
Attribute | Details |
---|---|
Market Value in 2023 | USD 11 billion |
Market Value in 2033 | USD 15 billion |
Growth Rate | CAGR of 3.1% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, End-Use, Sales Channel, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania,India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Lenox Corporation; World Kitchen LLC; ARC International S.A.; Anchor Hocking LLC; Sisecam Group; Libbey Inc.; Borosil Glass Works Ltd.; Bormioli Rocco Group; LaOpala R.G. Ltd.; Kavalier Glass A.S. |
Customization& Pricing | Available upon Request |
The market is expected to be valued at USD 11.0 billion in 2023.
Lenox Corporation and World Kitchen LLC are the leading market players.
The market held a CAGR of 2.9% from 2018 to 2022.
Incorporation of smart technology to boost the market prospects.
The market is forecast to register a CAGR of 3.1% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Beverage Ware 5.2. Tableware 5.3. Baby Bottles 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use 6.1. Household 6.2. Commercial 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. Hypermarkets/Supermarkets 7.2. Specialty Stores 7.3. Multi-brand Stores 7.4. Convenience Stores 7.5. Online Retailers 7.6. Wholesalers & Distributors 7.7. Other Sales Channels 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Lenox Corporation 18.2. World Kitchen LLC 18.3. ARC International S.A. 18.4. Anchor Hocking LLC 18.5. Sisecam Group 18.6. Libbey Inc. 18.7. Borosil Glass Works Ltd. 18.8. Bormioli Rocco Group 18.9. LaOpala R.G. Ltd. 18.10. Kavalier Glass A.S. 19. Assumptions & Acronyms Used 20. Research Methodology
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