Glass Tableware Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45969
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The glass tableware market size has the potential to grow by USD 1.10 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.02%. 

This report provides a detailed analysis of the market by product (glass dishes, beverageware, and others), geography (APAC, Europe, North America, MEA, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • ANHUI DELI HOUSEHOLD GLASS Co. Ltd.
  • Arc Holdings
  • Borosil Glass Works Ltd.
  • Kavalierglass AS
  • LA OPALA RG Ltd.
  • Lenox Corp.
  • Libbey Inc.
  • OCEAN GLASS PUBLIC Co. Ltd.
  • The Oneida Group Inc.
  • Turkiye Sise ve Cam Fabrikalari AS

 

The glass tableware market is fragmented and the vendors are deploying growth strategies such as expanding product portfolio to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing number of organized retailing stores to achieve growth opportunities. However, factors such as the increasing availability of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the glass tableware market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This glass tableware market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Glass Tableware Market: Key Drivers and Trends

 

  • With the establishment of hypermarkets, specialty stores, and supermarkets, the organized retailer industry has grown significantly across the globe.
  • With the help of advanced technologies, including indoor location-based services, these stores offer hefty discounts on the products as well as a better customer experience through proximity marketing. This, in turn, is increasing customer inflow in these stores.
  • Since supermarkets are one of the major distribution channels for glass tableware items, the growing consumer preference for organized retail stores will subsequently drive the sales.
  • The growing population coupled with the increasing urbanization will drive the demand for supermarkets in several developed as well as developing countries.
  • By offering discounts and adopting strategies such as aesthetic product placing, supermarkets and hypermarkets attract potential consumers driving the growth of organized retail.

 

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Glass Tableware Market: Segmentation by Geography

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39% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for glass tableware in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rapid urbanization is one of the prime factors that will facilitate the glass tableware market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Glass Tableware Market: Segmentation by Product

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The glass dishes segment primarily includes plates as well as other serving dishes. People prefer glass dishes over plastic or metal due to their enhanced safety, non-porosity, and longer lifespan. The demand for these products is owing to the rapid economic growth in the developing countries and the shift in the lifestyle of the consumers. The increasing disposable income among consumers backed by rapid urbanization and westernization is another major factor complementing the growth of this segment. However, the market segment will record a slow growth rate than the beverages segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the glass tableware market size. Fetch actionable market insights on post COVID19 impact on each segment.   

 

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Glass Tableware Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive glass tableware market growth during the next five years
  • Precise estimation of the glass tableware market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the glass tableware industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of glass tableware market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The glass tableware market growth will increase by $1107.82 million during 2020-2025.
The glass tableware market is expected to grow at a CAGR of 3.02% during 2020-2025.
Technavio has segmented the glass tableware market by product (Glass dishes, Beverageware, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
ANHUI DELI HOUSEHOLD GLASS Co. Ltd., Arc Holdings, Borosil Glass Works Ltd., Kavalierglass AS, LA OPALA RG Ltd., Lenox Corp., Libbey Inc., OCEAN GLASS PUBLIC Co. Ltd., The Oneida Group Inc., Turkiye Sise ve Cam Fabrikalari AS are a few of the key vendors in the glass tableware market.
APAC will register the highest growth rate of 39.10% among the other regions. Therefore, the glass tableware market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the glass tableware market growth are:
  • Growth of hospitality sector
The glass tableware market vendors should focus on grabbing business opportunities from the glass dishes segment as it accounted for the largest market share in the base year.
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