Glass Tableware Market
Glass Tableware Market Analysis By Product (Dinner Glass Tableware, Beverage Glass Tableware), By Application (Household, Commercial), By Distribution Channel (Offline, Online) & Region – Global Market Insights 2023 to 2033
Analysis of Glass Tableware Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Glass Tableware Market Outlook (2023 to 2033)
The global market for glass tableware is predicted to rise at a CAGR of 3.8% and touch a valuation of US$ 18.15 billion by the end of 2033, up from US$ 12.49 billion in 2023, as per Fact.MR.
Glass tableware is a product that is used to serve food and beverages during meals and for other purposes; therefore, it is utilized as a part of the table setting. An increase in the standard of living and the growth of the urban population are anticipated to drive the market for glass tableware.
The market for glass tableware is projected to see additional growth prospects over the coming years due to the increasing number of eco-friendly production facilities across the world. Glass is a great option for people who care about the environment because it is sustainable.
Glass is used for tableware, making it more suited for microwave cooking due to its superior thermal conductivity and excellent resistance to high temperatures. The meal can be cooked quickly and safely in glassware by putting it in a glass bowl and placing it in the microwave. This has led to an upsurge in global demand for glass tableware.
- Glass tableware adoption in household applications accounts for 66% share of the global market.
- Demand growth for these products among households has been fueled by rising consumer spending power and a shift in taste towards upscale decor items, especially glass tableware.
Demand for glass tableware with aesthetic appeal is estimated to increase due to the global hotel industry expansion and the working class's rising preference for dining out. Glass items are more popular with consumers since they don't have holes and don't contain bacteria. As a result, people who are concerned about their health are switching from plastic to glass tableware. Transparent, colored, and matte glass tableware are all available.
The global food service industry is driven by a variety of factors, including a rise in food consumption due to regular dining out, an increase in young people's curiosity about and experimentation with various cuisines, and a higher level of brand awareness among consumers. The desire for eating out has grown along with urbanization and disposable income.
Consumers are increasingly choosing glass tableware as a gift during celebrations, weddings, and birthdays, which is accelerating market growth. Additionally, it is anticipated that the market share for glass tableware will rise due to consumer preferences for luxury and premium, high-quality glass dinnerware and drinkware.
Glass Tableware Market Size (2023)
US$ 12.49 Billion
Forecasted Market Value (2033)
US$ 18.15 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of Glass Dinner Tableware (2023)
United States Market Growth Rate (2023 to 2033)
Japan Market Value (2023)
US$ 1 Billion
Market Share of Glass Tableware for Household Applications (2023)
China Market Growth Rate (2023 to 2033)
India Market Value (2023)
US$ 1.61 Billion
Key Companies Profiled
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What is Shaping Glass Tableware Market Expansion?
“Rising Sales of Glass Tableware through Retail Establishments”
Expansion of organized retailing has been considerably aided by the proliferation of hypermarkets, supermarkets, and specialized stores such as Walmart and Tesco in different parts of the world. Supermarkets are one of the main distribution channels for glass tableware because they provide a wide selection of glass plates and glass drinkware, as well as appealing discounts and improved customer experiences through advanced technologies such as indoor location-based services.
- Several well-known suppliers of glass dinnerware have opened their private shops, such as the Pasabahce Stores of the Sisecam Group, which have over 40 locations across Turkey, Qatar, and Italy.
Such tactics have helped boost sales of glass tableware items through retail establishments such as supermarkets and hypermarkets, which has eventually fueled industry expansion.
“Rapid Expansion of Hospitality and Restaurant Sectors”
Hotels, restaurants, and cafés prefer glass tableware that can be used for eating, serving beverages, and table decorations due to its high-end feel and appearance Thus, it is projected that the resurgence in the hospitality industry will significantly contribute to market expansion over the coming years.
The need for fashionable and upscale dinnerware is growing as more restaurants open, which will improve customer service and atmosphere. Due to consumer preferences for social interaction, convenience, and high-quality food and service, the restaurant sector has grown, which has encouraged business owners to make investments in high-quality, contemporary kitchen appliances.
“Growing Consumer Demand for Decorative Tableware Products”
Consumers have been switching out outdated designs with more current ones over the last few years, such as glass tableware. They are seeking solutions that are more readily available, less expensive, and less formal.
Popularity of crystal glasses among customers worldwide has also increased significantly. Consumer buying habits fluctuate according to the occasion, style, regional culture, and product packaging in the case of tableware. Consumers in France and other countries need a variety of goods in exquisite designs that signify affluence or define class, which is driving up demand for glass tableware.
What are the Main Obstacles Denting the Sales of Glass Tableware?
“Presence of Counterfeit Glass Tableware and High Cost of Raw Materials”
Expansion of the glass tableware industry is constrained by the use of disposable plates in several small restaurants due to their low cost and lack of upkeep. The market growth rate for glass tableware is anticipated to be slowed down by the high costs of raw materials. The presence of counterfeit glass tableware is restricting market expansion.
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How Can New Market Players Settle Down in This Industry?
“Start-ups Introducing Environment-friendly Glass Tableware”
New companies are concentrating on new trends, such as the creation of environmentally friendly glass tableware and the use of hydrogen to cut emissions in the glass sector. To increase their market share in the industry, new entrants are focusing their attention on new product development and R&D initiatives. Reduced manufacturing costs and higher profits are the main goals of emerging market players.
- An Austin-based start-up called Neutrall offers a range of environmentally friendly glassware by using wasted materials. A variety of drinking glasses manufactured entirely out of recycled glass that is packaged in sustainable packaging is Neutrall's first product.
What’s Boosting Demand for Glass Tableware in the United States?
“Increase in Number Restaurants & Bars across Regions”
- Use of glass tableware in the United States is valued at US$ 1.36 billion in 2023.
The tableware industry in the United States is seen as one of the most significant industries around the world due to rising disposable income and fast-paced lifestyles. According to a report published by the Bureau of Labor Statistics, in the United States, the leisure sector is part of the service-providing industries group and is highly progressive.
Market growth in the country is attributed to the growing demand for tableware in restaurants and bars and the rapid expansion of the cruise industry.
Will Germany Be an Investment-worthy Market for Glass Tableware Manufacturers?
“Rise in Production of Modern Tableware Products”
- Demand for glass tableware in Germany is projected to evolve at a CAGR of 4% through 2033.
Market growth is driven by consumers with higher spending power and usage of a wide range of glass tableware. Increasing demand from residential applications, a rise in the production of modern tableware products, and rising consumer interest in eco-friendly homeware products, particularly among millennials are the key factors boosting market value.
How Opportunistic is the Market in China for Industry Players?
“Increased Development of Food Outlets in the Country”
- The market in China is predicted to reach US$ 4.45 billion by the end of 2033.
The market is estimated to see significant growth during the forecast period due to the rapid expansion of the food and beverage industry and the increased development of food outlets. The presence of low-cost labor and easy availability of raw materials for glass tableware production and the growing trend of luxury dining are the elements supporting market expansion.
How is India Contributing to Revenue Generation in Asia Pacific?
“Rising Consumer Spending on House and Kitchen Remodeling Activities”
- Sales of glass tableware in India are set to increase at a CAGR of 4.2% over the next ten years.
Rising consumer spending on house and kitchen remodeling activities as well as high demand for modern home furniture are the factors stimulating market revenue in India. Surging investments in the catering sector and increased acceptance of premium tableware products are spurring the trend of glass tableware in the market.
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Why is There Growing Preference for Glass Dinner Tableware?
“Increasing Importance of Aesthetics in Household and Commercial Settings”
The market is classified into glass dinner tableware and glass beverage tableware based on the product.
- Glass dinner tableware accounts for 59% of the global market due to the huge demand for plates and bowls for serving meals.
Growing importance of hotels and restaurants is spurring demand for glass dinner tableware. Additionally, glass-based dinner tableware usage across residential settings 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.
Glass dinner tableware mostly consists of plates and other serving utensils. The growing adoption of glass dinner tableware in household and commercial settings is boosting market value. Due to the advantages of glass products and premiumization, modern families and homes are choosing modern dinnerware sets more widely, which is growing the demand for glass dinner tableware.
Top glass tableware manufacturers are expanding the range and quality of their products to remain competitive in the market. By forming joint ventures with regional brands and participating in mergers and acquisitions, leading companies are taking steps to diversify their product offerings. They are focusing on quality control, product standards, partnerships, and supply chain management to diversify their product offerings.
For instance :
- In 2019, the introduction of new glassware goods was announced by The Zaha Hadid Design. This includes the Hew glassware line, swirl bowls, crystal glass, and other items.
Key Segments of Glass Tableware Industry Research
By Product :
- Dinner Glass Tableware
- Beverage Glass Tableware
By Application :
By Distribution Channel :
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global glass tableware market stands at a value of US$ 12.49 billion in 2023.
The market for glass tableware is predicted to expand at a CAGR of 3.8% through 2033.
Household and commercial uses are the major applications of glass tableware.
Surge in urban population and rise in the standard of living globally are key factors supporting glass tableware market growth.
The market in Japan is set to increase at a CAGR of 4.5% from 2023 to 2033.