Global Glassware Market- WishTree Insight

Global Glassware Market by Product Type (Glass, Jar, Cup, Antiques, Utensils, and Others), Material (Crystal Glass, Heat Resistant Glass, Borosilicate Glass, Soda Lime Glass), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Glassware market size was valued at USD 17.0 billion in 2022 and is expected to surpass USD 30.1 billion by 2032, expanding at a CAGR of 6.1 % during the forecast period, 2022–2032. The market's growth is attributed to the changing lifestyle, rising disposable income, and growth of the commercial & residential sectors.

INTRODUCTION

Glassware refers to any type of tableware or decorative items made from glass. It can include drinking glasses, wine glasses, beer glasses, tumblers, bowls, vases, and decorative figurines, among other items. Glassware can be made from various types of glass, such as crystal, tempered glass, borosilicate glass, or recycled glass, and can come in a variety of shapes, sizes, and designs to suit different purposes and styles. Glassware is commonly used in households, restaurants, bars, and hotels for serving and presenting food and drinks, as well as for decorative purposes.

Market Trends, Drivers, Restraints, and Opportunities

• Growing investment in the hotel & catering industry is driving the market growth.
• Growing urbanization, tourism, and increasing pub & restaurant culture are expected to propel the market.
• The fragile and moldy nature of glass is a restraining factor in the market growth.
• The availability of cheap and innovative products will create lucrative opportunities in the market.

Scope of the Report

Market Segment Insights

The Jar & glass segment is projected to register a considerable CAGR

Based on product type, the glassware market is divided into glass, jar, cup, antiques, utensils, and others. The jar & glass segment is expected to expand rapidly during the forecast period owing to the growing bar culture worldwide.

The soda lime glass segment is expected to expand at a rapid pace

Based on material, the glassware market is divided into crystal glass, heat-resistant glass, borosilicate glass, and soda lime glass. The soda lime glass segment is expected to expand rapidly during the forecast period owing to cost-effectiveness.

The Asia Pacific is anticipated to constitute a key market share

In terms of regions, the glassware market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to increasing urbanization. However, the market in Europe is anticipated to expand at a rapid pace during the forecast period due to the rise in the hospitality industry. Moreover, North America is anticipated to augment the market in the projected period as the growth in the region is changing consumer eating habits and the fast penetration of the restaurant industry.

Competitive Landscape

Key players competing in the Glassware market are Fiskars Group; Libbey Inc; Villeroy & Boch; MYBOROSIL; Lenox Corporation; Degrenne. Cello World.

FAQs

How much is the market worth?

The Glassware market size was valued at USD 17.0 billion in 2022 and is expected to surpass USD 30.1 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 6.1%.

What are the key drivers of the market?

The market's growth is attributed to the changing lifestyle, rising disposable income, and growth of the commercial & residential sectors.

What segments are covered in the Glassware report?

The segments covered in the report are product type (glass, jar, cup, antiques, utensils, and others), and material (crystal glass, heat resistant glass, borosilicate glass, soda lime glass).

Mention which region is expected to hold the highest share of the Glassware market.

The North American region is expected to hold the highest share of the Glassware market.

Which segment holds the largest market share in Glassware by 2032?

The Glass & Jar segment holds the largest market share in Glassware by 2032.

Mention the key players in the market.

Fiskars Group; Libbey Inc; Villeroy & Boch; MYBOROSIL; Lenox Corporation; Degrenne. Cello World.