The glass tableware market is estimated to reach a valuation of US$ 9.8 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 12.8 Bn by 2032.
The use of environmentally friendly, recyclable, and biodegradable products is also driving a shift away from plastic tableware toward glassware. As a result, it is anticipated that demand for glass tableware will increase during the forecast period (2022-2032).
Demand for casual home goods like glass tableware will increase as spending on these items rises. The demand for glass tableware is anticipated to increase due to an increase in the number of households and an increase in per capita income.
Get a Sample Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15136
Key Takeaways from the Glass Tableware Market Study
- Based on product type, the tableware and beverage ware is expected to hold considerable share in the market.
- In the end-use, the commercial segment is expected to witness positive growth over the assessment period.
- Europe is expected to dominate the global glass tableware market through 2022 & beyond.
- In terms of sales channel, the convenience store is anticipated to hold the major market share during the forecast period.
As the tourism industry continues its global expansion, demand for eco-friendly and environmentally sound glass tableware is on the rise. Through 2032 this market will see steady growth with a projected 9% increase per year!
“Expansion of hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely preferred in residential areas apart from commercial areas mainly due to their aesthetic appeal that also contributes towards kitchen decor,” says an FMI analyst.
Request Brochure of Report @
https://www.futuremarketinsights.com/reports/brochure/rep-gb-15136
Who is winning?
Mergers and acquisitions, as well as product development and innovation, are among the techniques companies are using to increase their market share. Further, companies are coming up with discount offers to gain new customers.
Adding new features and functionality is a major concern for companies. Major players present in the glass tableware market are:
- 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.
- Others (as per request)
Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-15136
Market by Category
By Product Type:
- Beverage Ware
- Tableware
- Baby Bottles
- Others
By End-Use:
- Household
- Commercial
By Sales Channel:
- Hypermarkets/Supermarkets
- Specialty Stores
- Multi-brand Stores
- Convenience Stores
- Online Retailers
- Wholesalers & Distributors
- Other Sales Channels