Glass Tableware Market Size, Share Analysis by Product (Dinner Glass Tableware, Beverage Glass Tableware), by Application (Household Glass Tableware, Commercial Glass Tableware), by Distribution Channel (Online Sales, offline Sales) & Regional Forecast 2021-2031

Market Snapshot

The glass tableware market revenue totaled US$ 10 Bn for 2020, according to Fact. MR. Sales are expected to reach nearly US$ 16 Bn by 2031, expanding 1.4x from 2021 to 2031. The demand for glass tableware at luxury hotels is projected to accelerate with the top 5 providers holding a major chunk of the revenue across the assessment period of 2021.

Key Points Addressed in Glass Tableware Industry Analysis

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Glass Tableware and How to Navigate
• Recommendation on Key Winning Strategies

Glass Tableware Revenue Analysis 2016-2020 Vs Outlook from 2021-2031

According to Fact.MR, market research and competitive intelligence provider, from 2016 to 2020, global market for glass tableware has grown at a CAGR of 3% to reach US$ 10 Bn. By 2021, the industry is likely to reach US$ 11.6 Bn. The scramble for investigating cheaper and less formal options are spurring demand.

Glass Tableware can be used in a variety of applications, both domestic and commercial. Typically, they are used either for dining or sipping drinks at the table. There is intensifying competition for domestic glass products in the global as well as the domestic market.

Technologies of the future are becoming increasingly important to manufacturing. Fiberglass composites are being manufactured using modern methods and technology. As a result of growing petrochemical and allied industries, fiberglass demand is also on the rise. By 2031, the market is expected to reach US$ 15.9 Bn, expanding at a CAGR of 3.8%.

What Key Trends are Driving Glass Tableware Industry Expansion?

Glass tableware demand is highly preferred, owing to their high affordability, making them highly adapted as home and commercial products. Due to their sterile properties, glass tableware is in demand in the market. Most of them do not react with acids and substances, making them more durable.

The ever expanding hospitality sectors in various countries is also spurring demand for glass tableware, amid growth of allied industries such as leisure, business and medical tourism respectively. Additionally, consumers are looking for recyclable products to reduce adverse environmental impacts.

Changing the habits of consumers and finding the right dinnerware to fit a meal have increased the sales of glass tableware in the market. Increasing hospitality events and shifts in the use of plastic in environments have further led to the growth of the market for glass tableware.

What role has R&D Played in the Growth of the Glass Tableware Industry?

In contemporary glass tableware, research and technology are constantly refined and improved through technical innovation, from less durable, but cleaner products to more efficient manufacturing methods.

Researchers and designers at companies are striving to improve product features, creating new and innovative designs, shapes, colors, functionalities, and labels that help inspire consumers to purchase their products. Researchers focus on analysis, performance testing, and failure analysis so that they can provide technical support and help with quality assessment and project management. They perform various research from raw materials to finished products. They intend to develop sustainable products in the market in a long run.

Country-wise Analysis

What is the Expected Contribution of North America to the Glass Tableware Industry?

The demand for glass tableware comprised 15% of the global share in North America in 2019. The tableware industry in North America is seen as one of the most significant industries around the world due to the high disposable income, fast-paced lifestyles, and luxury dining.

According to a report published by the Bureau of Labor Statistics, in the U.S, the leisure and hospitality sector is part of the service-providing industries group, and is highly progressive. As stated in the report, gross job gains in this sector increased to 1,660 in Q1 2020 compared to 1,409 in the Q3 2019 2019. This indirectly indicates high demand from the commercial sector.

How do Growth Prospects Appear across Germany?

Germany is projected to contribute to the majority of the market and grow at a CAGR of 3.6% over the forecast period. The market for tableware in these regions is driven by consumers with higher spending power and usage of a wide range of glass tableware. 

The "Germany Food Service- Hotel Restaurant Institutional", report published by USDA Foreign Agricultural Services in 2019, estimated that with an estimated 83 million wealthy consumers, Germany is the largest industry for food and agricultural products in the European Union, while the three major segments in this industry are hotels, restaurants, and catering/institutional. In 2018, Germany food services sales increased by 3.1% to reach US$ 99.01 billion.

Why is Asia Likely to be the Most Promising Glass Tableware Market?

Asia accounts for the largest market for glass tableware globally. A revenue share exceeding 1/3rd is projected for this region until 2031. Catering and hotel investments are spurring the trend of glass tableware in the market. The industry has been bringing about advances in different areas, including industrial movements in countries such as China and India.

As disposable incomes rise, more people are spending on travel, dining, as well as outdoor eating. The development of resources, surges in income, and government spending are all driving growth in this industry. Economic growth in developing countries such as India and China is increasing the demand for glass tableware.

Category-wise Insights

Why the Preference for Dinner Glass Tableware?

According to Fact.MR, dinner glass tableware is expected to remain the dominant product category, accounting for more than 40% of global market demand from 2021-2031. Growing importance of hotels and restaurants is spurring demand for dinner glass tableware.

Additionally, glass based dinner tableware usage across residential segments is also rising, given the increasing importance of aesthetics within home settings. This is majorly due to consumers preferring to stimulate outdoor dining environments across home settings. 

Will Offline Distribution Channels Continue to Hold Sway?

Glass tableware are usually purchased offline so that consumers can see if the quality and appearance are similar. Fact.MR anticipates the segment to hold more than 4/5th of the global market share. Purchases across hypermarkets and supermarkets will remain preferred.

Simultaneously, sales across online channels is inclining, attributed to greater access to e-commerce. Surging ownership of smartphones, laptops and other gadgets have made it possible to avail products with a click of a button. The segment is expected to expand at over 7% CAGR through 2031.

Competitive Landscape

Despite fragmentation, there is cut-throat competition within the global glass tableware landscape. Key players are expanding the range and quality of their products to remain competitive in the market.

• On 29th, January 2021, Pyrex, an international cookware company completed an acquisition of Duralex. As a major French manufacturer, the firm hopes to mark its presence in the international cookware industry through this acquisition and become a leader in the kitchen tableware and glassware markets.
• By 2024, the firm will invest an additional 17 euro million to improve Duralex's productivity, increase standardization, and invest in innovation.
• On January 4th, 2021, Lenox Corp. acquired flatware firm, Hampton Forge. The acquisition of Hampton Forge encompasses the full Hampton Forge portfolio of products, including Hampton Forge, Tomodachi, Skandia, Hampton Forge Signature, and Argent Orfèvres.

Report Scope

Key Segments Covered

• Product

  • Dinner Glass Tableware
  • Beverage Glass Tableware

• Application

  • Household Glass Tableware
  • Commercial Glass Tableware

• Distribution Channel

  • Offline Glass Tableware Sales
  • Online Glass Tableware Sales