February 17, 2025
Glass Tableware Market

The Increasing Demand For Premium Tableware From Millennials Is Anticipated To Open Up New Avenue For The Glass Tableware Market

The Glass Tableware Market is estimated to be valued at US$ 11.76 Bn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Glass tableware includes drinking glasses, plates, bowls and other accessories used for serving food and beverages. Glass tableware provides a premium look and feel to food items served on them, making them ideal for fine dining experiences and events. They are made from soda-lime glass which is resistant to heat shocks and don’t absorb odors or flavors. Glass tableware is durable, stable and hygienic in use which attracts various consumers and commercial establishments like hotels and restaurants.

Market Dynamics:
Glass material has properties like strength, impact resistance and thermal stability which drives their adoption in tableware. Glass is non-porous so it does not absorb odors, tastes or bacteria which is ideal for serving food and storing items. It can retain temperature for long and does not break down chemically on contact with different food items and beverages. Changing lifestyle and rising disposable income of consumers especially in developing countries is fueling the demand for premium dinnerware and glass tableware. The expansion of commercial foodservice industry is also contributing to the glass tableware market growth.

Segment Analysis
The global glass tableware market is dominated by the glass cups & mugs sub-segment. According to recent studies, the glass cups & mugs sub-segment accounted for over 30% share of the overall market in 2022. Glass cups and mugs offer versatility, durability and are dishwasher safe which makes them ideal for daily usage. Their use in social gatherings and parties has further propelled the growth of this sub-segment.

PEST Analysis
Political: Many countries are imposing regulations regarding packaging material usage to promote sustainability which is positively impacting the glass tableware market.
Economic: Growth in the food service industry and rising disposable incomes in developing nations is augmenting the economic growth of the glass tableware market.
Social: Changing lifestyles and socialization through cafe hangouts have increased the usage of glass tableware in urban social settings.
Technological: Manufacturers are investing in automation and advanced production technologies to improve operational efficiency and compete effectively in the market.

Key Takeaways
The Global Glass Tableware Market Size is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing health and hygiene concern among consumers. The market size for 2023 is US$ 11.76 Bn.
Regional analysis: Asia Pacific is expected to dominate the glass tableware market during the forecast period. This is driven by increasing middle-class population, urbanization and western influence on lifestyles in the region. Countries like China, India and Japan are predicted to be the major revenue generators in the coming years.

Key players:

Key players operating in the glass tableware market are Sisecam Group, Bormioli Rocco SpA, Wuerttembergische Metallwarenfabrik AG (WMF), Libbey, Inc., ARC International, Anchor Hocking, and Lenox Corporation. These manufacturers are focusing on developing sustainable and customized product offerings to enhance their market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →