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| Global Glass Tableware Market Size |
The global Glass Tableware Market is estimated to be valued at US$ 11.76 Bn in 2023 and is expected to
exhibit a CAGR of 7.6% over the
forecast period 2023-2030, as highlighted in a new report published by Coherent
Market Insights.
Market Overview:
Glass tableware includes products made from glass like glass bowls, plates,
cups and jars. Glass is a versatile material that is safe, non-toxic and
durable. Glass tableware products offer transparency, non-porous surface and
are often reusable and recyclable.
Market key trends:
One of the major trends in the glass tableware market is the increasing demand
for organic and eco-friendly products. Consumers are more health conscious and
prefer tableware made from natural materials without harmful chemicals. They
look for sustainable options that have less impact on the environment. Many
glass tableware manufacturers offer products that are lead-free, toxin-free and
often made from recycled glass content to attract ethical buyers. Their
transparent communication of Green credentials through branding and labeling
appeals to the growing organic food delivery segment.
Segment Analysis
The global glass tableware market is segmented by product, end-use industry,
and region. Based on product, the market is divided into containers/glasses,
mugs, bowls, and others. The containers/glasses segment dominates the market
and accounts for over 35% of the total market share. This is because
containers/glasses have wider applications in both commercial and residential
segments.
Key Takeaways
The Global
Glass Tableware Market Size is expected to witness high growth,
exhibiting a CAGR of 7.6% over the
forecast period, due to increasing demand for high-quality durable tableware
from the residential and commercial sectors.
Regional analysis
Regionally, Asia Pacific is anticipated to grow at the fastest rate due to
rising disposable income and growing hospitality industry in emerging countries
like India and China. North America dominates the market currently owing to the
established commercial and residential sectors.
Key players
Key players operating in the glass tableware market are Sisecam Group, Bormioli
Rocco SpA, Wuerttembergische Metallwarenfabrik AG (WMF), Libbey, Inc., ARC
International, Anchor Hocking, and Lenox Corporation. The market remains highly
competitive with several local players competing against global brands based on
product quality and pricing.
The global glass tableware market size was valued at US$ 11.76 Bn in 2023 and is expected to reach US$ 20.12 Bn by 2030,
expanding at a CAGR of 7.6% during
the forecast period.
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