Enjoy complimentary customisation on priority with our Enterprise License!
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.
For More Highlights About this Report, Download Free Sample in a Minute
The market is thriving with a blend of traditional elegance and modern convenience. From glass dinnerware to flatware, consumers seek quality and style. Investments in restaurants and international brands reflect the growing demand, especially in emerging economies. Production units prioritize raw materials like soda ash for creating exquisite designs, including designer glassware. Rising living standards and disposable incomes drive consumer spending on home decor products like dinnerware. Catering to the preferences of the young generation, social media marketing and digitalization play crucial roles, complementing traditional offline distribution channels such as supermarkets. 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 the 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.
Get a glance at the market contribution of various segments Download the PDF Sample
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.
For more insights on the market share of various regions Download PDF Sample now!
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 report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market encompasses a diverse range of products, from glass beverage-ware to plastic-based dishes, catering to the needs of the hospitality industry and small households alike. With temperature-resistant and microwave-safe properties, tableware serves a vital role in modern dining etiquette and table decor. Manufacturers prioritize product innovations and sustainable practices to meet consumer values and adhere to changing lifestyles. From old-fashioned designs to customizable options, the market thrives on segmentation and strategic mergers, guided by insights from the National Restaurant Association and evolving consumer trends.
Furthermore, the market responds dynamically to shifting consumer demands and lifestyle trends. From the practicality of thermal-resistant properties for microwave cooking to the allure of branded products and customizable options, tableware caters to a diverse range of needs. With a growing world population and rising per capita income, casual dining establishments seek sustainable glassware solutions that balance durability with elegance. Strategic mergers drive innovation in glassware design and manufacturing, while market segmentation ensures offerings meet the unique preferences of various consumer segments. Amidst it all, maintaining sterile properties and ensuring glassware cleaning and maintenance remain paramount for both manufacturers and consumers.
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 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.