The glassware market offers a plethora of benefits and features. Glassware is renowned for its elegance, making it an ideal choice for both casual and formal dining settings. It enhances the presentation of beverages and adds a touch of sophistication to any occasion. Glassware is versatile, suitable for a wide range of drinks, from cocktails to water. It is easy to clean and maintain, and it doesn't alter the taste or quality of the beverages. With various shapes and sizes, glassware caters to diverse preferences and serves as a vital element of table aesthetics.
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Data Bridge Market Research analyses that the Global Glassware Market was valued at USD 24,78,705.29 thousand in 2022 and is expected to reach USD 38,21,232.06 thousand by 2030, registering a CAGR of 5.3% during the forecast period of 2023 to 2030. The proliferation of online retail and e-commerce platforms has expanded the availability and accessibility of glassware products. This broader reach allows consumers to explore a diverse range of glassware options, ultimately increasing sales and market growth.
Key Findings of the Study
Rising disposable income is expected to drive the market's growth rate
As disposable income levels rise, consumers are increasingly willing to invest in higher-quality glassware. This inclination towards quality is driven by a desire for enhanced dining and beverage experiences. People are more discerning, valuing the aesthetics and durability of glassware, which can elevate their enjoyment of food and drink. This demand for premium glassware not only boosts sales but also encourages manufacturers to innovate and create sophisticated, durable, and stylish products, contributing to market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand,, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Soda Lime Glass, Lead Glass, Heat Resistant and Others), Style (Stemless Glass, Stemware, Everyday Usage, and Others), Distribution Channel (B2B, Specialized Stores, Supermarkets/Hypermarkets, E-Commerce, and Others), Price Range (Medium, Premium, and Economy), End-Use (Hotels and Restaurants, Bars and Café, Household, Corporate Canteens, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Oneida (U.S.), NoritakeChina (Japan), Ocean Glass Public Company Limited (Thailand), Lenox Corporation (U.S.), Treo.in (India) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global glassware market is segmented on the basis of material, style, distribution channel, price range, and end-use.
- On the basis of material, the global glassware market is segmented into soda lime glass, lead glass, heat resistant, and others. In 2023, the soda lime glass segment is poised to lead the global glassware market with a 50.88% market share due to its widespread use in a variety of glassware products, including drinkware, containers, and decorative items.
In 2023, the soda lime glass segment of the material segment is expected to dominate the global glassware market
In 2023, the soda lime glass segment is poised to lead the global glassware market with a 50.88% market share due to its widespread use in a variety of glassware products, including drinkware, containers, and decorative items. This material's versatility, cost-effectiveness, and durability make it the dominant choice for manufacturing glassware, ensuring its market dominance.
- On the basis of style, the global glassware market is segmented into stemless glass, stemware, everyday usage, and others. In 2023, the stemless glass segment is projected to dominate the global glassware market with a 52.49% market share due to its growing popularity.
In 2023, the stemless glass segment of the style segment is expected to dominate the global glassware market
In 2023, the stemless glass segment is projected to dominate the global glassware market with a 52.49% market share due to its growing popularity. Stemless glassware, such as stemless wine glasses, offers a trendy and practical design, making it a preferred choice for various beverages. Its versatility, modern aesthetics, and stable design position it as a leading segment in the glassware market.
- On the basis of distribution channel, the global glassware market is segmented into B2B, specialized stores, supermarkets/hypermarkets, e-commerce, and others. In 2023, the B2B segment is poised to lead the global glassware market with a 29.83% market share due to the substantial demand from hospitality, restaurants, and catering industries for large-scale glassware procurement.
- On the basis of price range, the global glassware market is segmented into medium, premium, and economy. In 2023, the medium segment is projected to dominate the global glassware market with a 51.73% market share due to its versatility, catering to a wide range of consumer needs and applications in the glassware industry.
- On the basis of end-use, the global glassware market is segmented into hotels and restaurants, bars and café, household, corporate canteens, and others. In 2023, the hotels and restaurants segment is anticipated to lead the global glassware market with a 51.93% market share because these establishments have consistent and substantial demand for glassware in various forms for serving and presentation.
Major Players
Data Bridge Market Research recognizes the following companies as the global glassware market players global glassware market are Oneida (U.S.), NoritakeChina (Japan), Ocean Glass Public Company Limited (Thailand), Lenox Corporation (U.S.).
Market Developments
- In October 2020, Libbey Inc. unveiled a court-approved reorganization plan to strengthen its financial position and adapt to the challenging business landscape. This strategic move aimed to secure a more resilient balance sheet, allowing the company to better navigate economic uncertainties and position itself for sustainable growth in the evolving market conditions.
- In October 2021, Lenox Corporation acquired Oneida Consumer LLC, incorporating its line of tableware products. This partnership aimed to combine their strengths in marketing an extensive range of brands and innovative products. The move leveraged both companies' strong customer recognition in retail, allowing them to offer an even more comprehensive and competitive portfolio of tabletop goods to a broader consumer base.
Regional Analysis
Geographically, the countries covered in the global glassware market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in global glassware market during the forecast period 2023-2030
The Asia-Pacific region commands a leading position in the worldwide glassware market, and it is anticipated to maintain the fastest growth. This is attributed to the burgeoning restaurant and bar industry in the region, resulting in an increased demand for glassware products. As more dining and entertainment establishments emerge across Asia-Pacific, the market for glassware products experiences significant expansion, making it a dominant and thriving sector in the region.
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