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Glass Tableware Market Accelerates To Hit USD 12.8 Billion By 2025: Grand View Research,Inc

Post Time:Aug 29,2019Classify:Industry NewsView:1296

(MENAFN - GetNews) According to report published by Grand View Research,Changing lifestyle, along with rising purchasing power, is encouraging consumers to buy glass tableware products. Furthermore, growing hotel and catering industry at the global level is expected to play a crucial role in expanding the market size over the next few years.

According to a report, ' Glass Tableware Market Size, Share & Trends Analysis Report By Product (Dinnerware, Drinkware), By Application (Household, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025  , published by Grand View Research, Inc.,The global  glass tableware market  size is expected to reach USD 12.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% over the forecast period. Changing lifestyle, along with rising purchasing power, is encouraging consumers to buy glass tableware products. Furthermore, growing hotel and catering industry at the global level is expected to play a crucial role in expanding the market size over the next few years.

Dinnerware products accounted for the largest market share in 2018. These products include a wide range of plates and bowls for different cuisines. The drinkware products are projected to witness the highest growth from 2019 to 2025. Increasing number of bars, pubs, and other fine dining places is expected to fuel the demand for drinkware products in the near future.

In terms of application, the household segment is expected to foresee the fastest growth in the upcoming years. Consumers of the developing countries including China and India have been replacing traditional metal tableware with trendy glass products owing to increasing purchasing power at the domestic level. Additionally, increasing popularity of luxury dinnerware for occasions including weddings and housewarming is expected to remain a favorable factor.

Asia Pacific held the largest share of over 35.0% in 2018 and is anticipated to witness the highest growth in the coming years. Shifting trend towards luxury dining in countries including China, Japan, South Korea, and Philippines is expected to promote the scope for the premium dinnerware in the commercial sector. In addition, increasing popularity of drinking culture among adults in developing nations including China and India has been fueling the demand for drinkware in the household and commercial sectors.

Request A Free Sample Copy Of Glass Tableware Market Report At:https://www.grandviewresearch.com/industry-analysis/glass-tableware-market/request/rs1

Key glass tableware manufacturers include Libbey, Inc.; Arc International; Oneida Limited; Şişecam Group; WMF Group; Bormioli Rocco; Borosil Glass Works Ltd.; Lenox Corporation; Corelle Brands; La Opala RG Ltd.; Kavalierglass, a.s.; and TERMISIL Huta Szkła Wołomin S.A. The industry participants are expected to increase the spending on developing products with new designs in order to expand their market share.

U.S. glass tableware market

Further key findings from the report suggest:


  • The drinkware product segment is expected to witness the fastest growth in the coming years due to increasing number of bars, pubs, and hotels at the global level

  • In terms of application, the commercial segment held the largest share of over 75.0% in 2018

  • The offline channel dominated the global glass tableware market owing to presence of a large number of organized retail stores selling glass tableware. Online channel is expected to register the fastest CAGR of 7.3% from 2019 to 2025

  • Asia Pacific held the largest share of over 35.0% in 2018 and is expected to register the fastest growth in the coming years.

  • Product Insights

  • As of 2018, the dinnerware segment held the largest share of more than 40.0%. Dinnerware consists of a wide range of dishes, including basic plates and bowl, which are used to serve a meal. Use of these products depends on the courses of the meal served that varies with different cuisines. Drinkware products are projected to witness the fastest growth in the coming years owing to increasing consumption of both alcoholic and non-alcoholic drinks. Surge in the number of bars, pubs, and other fine dining places have been boosting the demand for glass drinkware in the foodservice industry. 

    Global glass tableware market

    Among other products, serveware baby bottles and flatware are expected to witness significant increase in demand in the near future. The serveware segment includes serving bowls, gravy boats, platters, salad bowls, casseroles, dessert bowls, soup pots, teapots, coffee or tea jugs, carafes, and pitchers. Over the past few years, the glass containers market has been witnessing significant growth. Furthermore, growing infant population, along with lower infant mortality rate in economies including India and China, is resulting in an upsurge in demand for glass baby bottles, thereby fueling the demand for glass tableware. These glass bottles help to maintain the quality of breast milk and do not hamper the diet of the baby.

    Regional Insights

    As of 2018, Asia Pacific dominated the market, accounting for more than 35.0% share of the global revenue. The region is also anticipated to witness the fastest growth in the coming years. Changing lifestyle and increasing adoption of luxury tableware are fueling the growth of the product in this region. In addition, growing trend of luxury dining is expected to expand the scope for premium glass products in the near future. Surge in investments in the hotel and catering industry in Asia Pacific economies including India and China has boosted the growth of the glass tableware market. Factors including rising purchasing power, rapid urbanization, growth of the hospitality sector, and increasing brand awareness in the afore-mentioned countries are expected to open new avenues for glass tableware over the next few years.

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  • Caviar Market- Increasing penetration of fishing companies in the market in order to meet the growing consumer demand has impacted the market growth positively. Caviar is mostly a luxury food item and is consumed as an appetizer. Nevertheless, inexpensive caviar is widely prevalent in the market and is mostly consumed by beginners to acquire a taste for it. It has a less intense fishy taste and is darker in color.


  • Grand View Research has segmented the global glass tableware market on the basis of product, application, distribution channel, and region:

    Glass Tableware Product Outlook (Revenue, USD Million, 2015 - 2025)


  • Dinnerware

  • Drinkware

  • Others

  • Glass Tableware Application Outlook (Revenue, USD Million, 2015 - 2025)


  • Household

  • Commercial

  • Glass Tableware Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)


  • Offline

  • Online

  • Glass Tableware Regional Outlook (Revenue, USD Million, 2015 - 2025)


  • North America

  • U.S.

  • Europe

  • Germany

  • U.K.

  • sia Pacific

  • China

  • India

  • Central & South America

  • Brazil

  • Middle East & Africa

  • UAE

Source: https://menafn.com/Author: shangyi

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