NEW YORK, Jan. 8, 2025 /PRNewswire/ — The global glass tableware market size is estimated to grow by USD 2.24 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of about 3.4% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
- Product
- 1.1 Beverageware
- 1.2 Dinnerware
- 1.3 Others
- Distribution Channel
- 2.1 Offline
- 2.2 Online
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and Africa
- 3.5 South America
- Country
- 3.1 Mexico
- 3.2 Germany
- 3.3 France
- 3.4 Italy
- 3.5 Spain
- 3.6 Japan
- 3.7 South Korea
- 3.8 Australia
- 3.9 Brazil
- 3.10 South Africa
- Application
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1.1 Fastest growing segment:
The beverageware segment of the global glass tableware market is driven by several factors. This segment includes coffee and tea cups, bowls, jars, mugs, stemware, tumblers, and bottles, including baby bottles. The rising number of bars and restaurants, increasing consumption of beverages, and benefits associated with glass beverages, such as hygiene, recyclability, and longer lifespan, are key drivers. Glass beverageware is replacing plastic due to plastic’s non-recyclability, non-biodegradability, and potential chemical absorption risks. Artisanal and crafted beverages, like specialty coffees, teas, craft beers, and artisanal cocktails, create demand for glass beverageware that enhances their aroma, flavor, and presentation. Unique designs, branded collections, and customized options also influence consumer purchasing decisions. For instance, Starbucks Corp India’s limited-edition drinkware collection, in collaboration with Manish Malhotra, showcases Kashmiri designs inspired by centuries of craftsmanship and rich cultural history. These factors are expected to fuel the growth of the beverageware segment during the forecast period.
Analyst Review
The Glass Tableware Market encompasses a wide range of products including dinnerware, beverage-ware, and flatware made from glass. This market is closely linked to the Food and Dining industry, with demand primarily driven by consumer spending on table settings for both personal and commercial use. Emerging economies are increasingly becoming significant consumers of glass tableware due to rising living standards and growing casual dining culture. Production of glass tableware involves raw materials such as soda ash, limestone, and silica. Designer glassware continues to be a niche segment, appealing to consumers seeking unique and stylish additions to their home decor. The young generation’s preference for casual dining experiences and social media marketing are influencing trends in this market. Smartphones and digitalization have also impacted sales, with online shopping platforms offering convenience and a wider selection of products.
Market Overview
Glass tableware refers to dishes, flatware, and beverage-ware made from glass. This dining essential is used for serving food and beverages during meals and is an essential part of table setting. Glass dinnerware and glass beverage-ware are popular choices for their elegant and sophisticated look. The production of glass tableware involves raw materials like soda ash, limestone, and silica, which are heated at high temperatures to create molten glass. The sales of glass tableware are driven by the dining industry, including restaurants and casual dining establishments. The living standard and consumer spending on home decor products also influence the market. Old-fashioned designs and sustainable glassware are trending among consumers, especially the young generation. The world population’s growth and increasing per capita income contribute to the market’s growth. Glass tableware’s thermal resistance property makes it suitable for microwave cooking and heating. The market is also influenced by consumer values, eating places, and product innovations. Social media marketing and digitalization have become essential tools for promoting glassware. Small households and casual dining establishments are significant consumers of glassware, including dinnerware, flatware, and beverage-ware. Glassware manufacturing involves designing, creating, and customizing glassware to meet consumer preferences and trends. Dining etiquette and table decor also influence the design of glassware. Glassware durability is a crucial factor in its popularity, as it can withstand daily use and last for years. The market for glassware is expected to continue growing, with a focus on sustainable and eco-friendly production methods.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
