Mercado de vidro do Médio Oriente e África – Tendências da indústria e previsão para 2029

Análise e dimensão do mercado

Espera-se que os níveis crescentes de investimento na indústria hoteleira e de restauração atuem como um motor para o crescimento do mercado de artigos de vidro no período de previsão. Espera-se que as mudanças no estilo de vida dos consumidores atuem como um impulsionador para o crescimento do mercado de artigos de vidro no período de previsão de 2022-2029. Espera-se que os avanços nas tecnologias de produção de vidro tragam oportunidades de crescimento para o mercado do vidro no futuro.

A Data Bridge Market Research analisa que o mercado do vidro deverá atingir o valor de 124.174,80 mil dólares até 2029, com um CAGR de 4,2% no período de previsão. A "cal sodada" é responsável pelo segmento de material mais proeminente, uma vez que este tipo de vidro proporciona superfícies resistentes a riscos. O relatório do mercado do vidro também abrange análises de preços, análises de patentes e avanços tecnológicos em profundidade.     

Definição de mercado

O vidro é um material frágil e rígido, geralmente transparente ou translúcido. Pode ser feito a partir de uma mistura de areia, soda, cal ou outros minerais. O método mais típico de formação de vidro envolve aquecer ingredientes em bruto até se tornarem um líquido fundido e, em seguida, arrefecer rapidamente a mistura para produzir vidro temperado. As variedades de vidro podem ser classificadas com base nas suas qualidades mecânicas e térmicas para identificar quais as aplicações mais adequadas.

Soda lime glass: Soda-lime glass is the most common form of glass used for windowpanes and glass containers such as bottles and jars for drinks, food, and certain commodities items.

Lead Glass: Lead glass is a glass with a high percentage of lead oxide with exceptional clarity and brightness.

Heat Resistant: Heat-resistant glass is intended to withstand heat stress and is commonly used in kitchens and industrial applications.

Glassware Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

• Growing levels of investment in the hotel and catering industry

Tourism has enhanced the business of the hotel and restaurant sector all over the world and provided great scope for the hotel industry. The industry has flourished mainly through tourism and due to diverse landscapes, beliefs, and societies in different countries which provided a great attraction to tourists from different regions. The hotel and catering sectors of many nations have gradually expanded over the last two decades, and development is predicted in the next years, coupled with an increase in demand for various types of glassware goods.

• Changes in lifestyle of the consumers

Consumer lives are constantly evolving. Consumer habits and values are influenced by existing and new trends, as well as the continuously changing demographic mix, worldwide cultural upheavals, and fast developments in technology. Businesses may capitalize on new possibilities by acquiring a deep understanding of customer preferences following shifting behaviours and beliefs. In recent times, consumers from all generations are focusing more on branded products in many areas of their daily lives.

• Rising popularity of fine dining across the globe

A fine dining restaurant is either a specialty or a multi-cuisine establishment that places a premium on quality ingredients, presentation, and impeccable service. The category is increasing at a respectable pace of 15%, which has encouraged the arrival of premium Michelin-starred restaurants and other local competitors. Therefore, the growing demand for fine delicate dining is mainly accomplished by the successful operations of different types of brands of glassware products in hotels and restaurants.

• Availability of cheap quality products

Glass is one of the most complex and adaptable materials, and it is utilized in nearly every industry. The extensive use of glass contributes to the creation of a very hi-tech and modern appearance in both residential and commercial structures. Glass comes in a variety of shapes and sizes to suit a variety of applications and is used in a variety of architectural applications such as doors, windows, and partitions. Glass has come a long way from its humble beginnings as a windowpane to become a sophisticated structural component in the current day.

• Rising demand for steel and paper base drinkware

Paper and plastic are increasingly being used to make disposable plates and glasses, owing to their great environmental performance and rising demand for e-commerce and delivery services. Consumers, brands, and retailers all have high expectations for recyclable paper-based goods. The recycling rate of paper-based materials is around 85 percent, and the paper value chain is improving day by day. To reach even higher recycling objectives while extending the usefulness of paper-based packaging, it is critical, to begin with, the design phase, taking into account both the intended purpose and the end-of-life.

Post COVID-19 Impact on Glassware Market

COVID-19 created a major impact on the glassware market as almost every country has opted for the shutdown of every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing with this pandemic situation is the essential services that are allowed to open and run the processes.

The growth of the glassware market is rising due to the government policies to boost international trade post-COVID-19. Also, the opening of lockdown is boosting the hospitality industry which is rising the demand for Glassware in the market. However, factors such as congestion associated with trade routes and trade restrictions between some nations are restraining the market growth. The shutdown of production facilities during the pandemic situation has had a significant impact on the market.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the Glassware. With this, the companies will bring advanced and accurate solutions to the market. In addition, the government initiatives to boost international trade has led to the market's growth.

Recent Developments

• In October 2020, Libbey Inc. announced the confirmation of a plan of reorganization and expected to complete its court-supervised restructuring and emerge with a stronger balance sheet in the upcoming weeks. The company made this announcement to succeed in the current business operating environment.
• In October 2021, Lenox Corporation acquired Oneida Consumer LLC with its brand of table top products including flatware, dinnerware, and cutlery. The collaboration was undertaken to market a leading portfolio of brands and innovative goods with unrivalled customer awareness across a wide range of retail channels.

Middle East and Africa Glassware Market Scope

The glassware market is segmented based on material, style, distribution channel, price range, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

By Material

• Soda Lime Glass
• Lead Glass
• Heat Resistant
• Others

Based on material, the glassware market is segmented into soda lime glass, lead glass, heat resistant, and others.

By Style

• Stemless Glass
• Stemware
• Everyday Usage
• Others

Based on style, the glassware market has been segmented into stemless glass, stemware, everyday usage, and others.

By Distribution Channel

• B2B
• Specialized Stores
• Supermarkets/Hypermarkets
• E-Commerce
• Others

Based on distribution channel, the glassware market has been segmented into b2b, specialized stores, supermarkets/hypermarkets, e-commerce, and others.

By Price Range

• Medium
• Premium
• Economy

Based on price range, the glassware market has been segmented into medium, premium, and economy.

By End-Use

• Hotels & Restaurants
• Bars & Cafe
• Household
• Corporate Canteens
• Others

Based on end-use, the glassware market has been segmented into hotels & restaurants, bars & café, household, corporate canteens, and others.

Glassware Market Regional Analysis/Insights

The glassware market is analysed and market size insights and trends are provided by country, material, style, distribution channel, price range, and end-use as referenced above.

The countries covered in the glassware market report are UAE, Saudi Arabia, South Africa, Egypt, Israel, Rest of Middle East and Africa.

UAE dominates the Middle East and Africa glassware market. UAE is likely to be the fastest-growing Middle East and Africa glassware market. The rising infrastructure, commercial, and industrial developments in emerging countries such as UAE are credited with the market's dominance. With the increasing development in the countries number of restaurants and bars is increasing, which will boost the demand for glassware products in the Middle East and Africa region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Glassware Market Share Analysis

O panorama competitivo do mercado do vidro fornece detalhes por concorrente. Os detalhes incluídos são a visão geral da empresa, finanças da empresa, receitas geradas, potencial de mercado, investimento em investigação e desenvolvimento, novas iniciativas de mercado, presença no Médio Oriente e em África, localizações e instalações de produção, capacidades de produção, pontos fortes e fracos da empresa, lançamento de produtos, largura do produto e amplitude, domínio de aplicação. Os dados acima fornecidos estão apenas relacionados com o foco das empresas relacionado com o mercado de vidraria.

Alguns dos principais players que operam no mercado do vidro são a Hrastnik1860, Oneida, Noritake China, Ocean Glass Public Company Limited, Lenox Corporatio, Treo.in, Libbey Inc, Fiskars Group, WMF (uma subsidiária do Groupe SEB), Lifetime Brands, Inc . , Villeroy & Boch, Bormioli Rocco SpA, Wonderchef Home Appliances Unip. Ltd., The Zrike Company, Inc, Shandong Hikingpac Co., Ltd., Addresshome, Stölzle Lausitz GmbH, Eagle Glass Deco (P.) Ltd., Degrenne. Cello World, MYBOROSIL, Jiangsu Rongtai Glass Products Co., Ltd., Cumbria Crystal, Garbo Glassware.

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