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The Glass Tableware Market size is forecast to increase by USD 2.68 billion at a CAGR of 3.97% between 2023 and 2028. Several factors drive market growth, including advancements in glass production techniques, the rising popularity of artisanal and handcrafted glass tableware, and increasing sales of glass tableware through online platforms. These trends shape consumer preferences and market dynamics, reflecting the evolving landscape of the glass tableware industry. With advancements in production techniques and the expansion of online sales channels, the market anticipates continued growth opportunities. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The market encompasses a diverse array of products including glass dinnerware, glass beverage-ware, and glass flatware. With growing investment in restaurants by international brands in emerging economies, the demand for production units and raw materials like soda ash is increasing. Designer glassware, blending old-fashioned designs with modern aesthetics, appeals to the young generation. Flatware innovations align with trends in smartphone and digitalization, enhancing casual dining experiences. The market's evolution reflects a shift towards sustainable practices and premium quality, driving innovation in materials and manufacturing processes. As consumer preferences lean towards eco-friendly options, the glass tableware sector continues to innovate, catering to both aesthetic and environmental concerns. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing sales via online platforms is the key factor driving the market. One of the primary factors contributing to the growing sales via online platforms is the rising popularity of e-commerce. With the advancement of technology and the increased penetration of smartphones, more consumers across the globe are turning to online shopping for their glass tableware needs. Online platforms provide a wide range of options, allowing consumers to easily compare products, prices, and customer reviews from the comfort of their homes. This convenience and accessibility have made online shopping a preferred method for many consumers. Additionally, online platforms provide detailed product descriptions, images, and customer reviews that aid consumers in making informed purchasing decisions.
Additionally, due to the higher living standard and rise in disposable income, consumer spending is high for home decor products. Furthermore, the convenience of online platforms as compared to offline distribution channel extends beyond the purchasing process. Delivery services have improved significantly, making it easier and faster for consumers to receive their glass tableware orders. Some online retailers do social media marketing. The convenience and reliability of delivery services have addressed concerns about breakages during transportation, ensuring that table setting arrives intact and ready for use. Thus, the abovementioned factors are expected to propel the growth of the market during the forecast period.
The emergence of smart and connected glassware is the primary trend in the market. Smart and connected glassware offers enhanced user experiences by providing interactive features, real-time feedback, and personalized settings. Additionally, smart and connected glassware seamlessly integrates with existing smart home ecosystems and IoT devices, enabling interoperability and centralized control. Furthermore, smart and connected glassware finds applications in hospitality and entertainment settings, enhancing guest experiences and improving operational efficiency.
Furthermore, manufacturers and brands can differentiate their products and enhance brand value by incorporating smart and connected features into glassware offerings. Smart glassware with innovative functionalities, sleek designs, and intuitive interfaces can attract tech-savvy consumers and position brands as leaders in innovation and customer engagement. Thus, by embracing this trend and leveraging IoT technologies, manufacturers can cater to evolving consumer needs and enhance glassware product offerings, which will boost the growth of the market during the forecast period.
Volatility in global prices of natural gas is a major challenge that affects the market. Natural gas is an important source of energy used in the production of glass tableware. Natural gas prices are subject to market variables and, therefore, wide fluctuations. Therefore, the operational costs of companies in the market are linked to the cost of natural gas. The prevailing volatility in global natural gas prices makes it difficult for companies to predict natural gas prices. Therefore, companies may not be able to offset an increase in natural gas prices by passing along the cost to customers.
Additionally, the COVID-19 pandemic has resulted in declining gas demand. According to the International Energy Agency (IEA), gas consumption fell by 4% in 2020, owing to a low level of activities caused by the COVID-19-induced macroeconomic crisis. The volatile price of natural gas can have an adverse impact on the profit margins and operating performance of vendors in the market. Therefore, volatility in the prices of natural gas will pose a challenge for the vendors in the market, hindering market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The offline segment is estimated to witness significant growth during the forecast period. Brick-and-mortar stores remain the primary offline distribution channels for glass tableware globally, encompassing various retail formats like specialty stores, hypermarkets, and departmental stores. Customer preference for offline purchases persists due to factors such as reliability, physical product examination, and tactile product demonstration. Despite economic challenges in certain regions, offline retail expansion continues, offering benefits like convenience, extensive product variety, and expert customer service.
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The offline segment was the largest segment and was valued at USD 9.39 billion in 2018. Further, specialist stores remain prominent, but a slight decline in sales is projected due to increasing customer frugality. Nevertheless, departmental stores, hypermarkets, and supermarkets thrive as preferred shopping destinations, offering diverse product ranges and customer support. The proliferation of supermarkets, especially in developed regions, further augments offline sales. Additionally, warehouse clubs and cash-and-carry stores provide self-service options, particularly popular in the US. Overall, these dynamics contribute to the sustained dominance of offline channels in the market, even as online sales witness growth during the forecast period.
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APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Economic growth in countries like India and Australia in the APAC region has boosted disposable incomes, leading to increased spending on household items like glass tableware. Urbanization and evolving lifestyles further drive demand for stylish and functional tableware.
Furthermore, with over half of the world's urban population residing in APAC, the region's urbanization is expected to surge by 2050, fostering demand. The expanding middle class, particularly in China, India, and Southeast Asia, seeks quality tableware, enhancing dining experiences. Moreover, the proliferation of e-commerce platforms in APAC, catering to both developed and developing markets, contributes significantly to the accessibility and growth of the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Europe - Glass Tableware Market: Europe - Glass Tableware Market by Product and Distribution Channel - Forecast and Analysis
India Tableware Market by Distribution Channel and Product - Forecast and Analysis
Cups and Lids Market: Cups and Lids Market by Product, Material, and Geography - Forecast and Analysis
The market is influenced by a myriad of factors ranging from production units and temperature considerations to consumer values and dining etiquette. With a rising world population and increasing per capita income, there is a growing preference for branded products and sterile properties of glassware. Innovations in glassware manufacturing cater to changing lifestyles and consumer demands for thermal resistant properties suitable for microwave cooking. The market sees trends towards sustainable glassware and customization, aligning with preferences for eco-friendly and personalized table decor. Strategic mergers and acquisitions shape the competitive landscape, fostering advancements in product innovations and glassware design. As eating places evolve, so does the emphasis on glassware durability and efficient glassware cleaning and maintenance practices to meet modern culinary expectations.
The market continues to evolve, influenced by factors such as production units, changing lifestyle of consumers, and advancements in thermal resistant properties. Strategic mergers and acquisitions shape industry dynamics, while preferences for glassware customization reflect consumer desires for personalized dining experiences. The market also responds to environmental concerns, shifting away from plastic-based dishes towards more sustainable options. Innovations cater to diverse needs, from handling acids and other substances to enhancing food presentation. Trends indicate a growing demand from small households seeking practical yet stylish tableware solutions. As digital channels like search/email marketing gain prominence, brands leverage these platforms to reach broader audiences. The influence of associations like the National Restaurant Association underscores the market's alignment with evolving dining habits and hospitality trends.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.97% |
Market Growth 2024-2028 |
USD 2.68 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.39 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 57% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anchor Hocking LLC, Anhui Deli Household Glass Co. Ltd., Bormioli Luigi S.p.A., Bormioli Rocco USA, Borosil Ltd., Corelle Brands LLC, DIBBERN GmbH , Inter IKEA Holding B.V., Kavalierglass AS, Krosno Glass SA, La Rochere North America INC., LaOpala RG Ltd., Leerdam Crisal Glass, Lenox Corp., Libbey Inc., MONINI S.p.A., Ocean glass Public Co. Ltd., Starbucks Corp., Steelite International Ltd., Termisil Glass Sp z o o, and Arc UK |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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