Glass Tableware Market Size, Share & Trends Report

Glass Tableware Market Size, Share & Trends Analysis Report By Product (Dinnerware, Drinkware), By Application (Household, Commercial), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Aug, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-472-7
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global glass tableware market size was valued at USD 8.5 billion in 2018. Changing purchasing behavior of consumers, along with increasing adoption of trendy homeware products, is a favorable factor for the industry growth. Rising purchasing power of middle-income groups in developing countries including China and India is projected to promote the scope for glass tableware.

In addition, growing catering and hotel industry at the global level owing to increased popularity of dinner out among the working class individuals is projected to expand the scope for glass tableware with aesthetic appeal. Consumers prefer glass products as they do not have pores and they eliminate the existence of the bacteria. As a result, health-conscious consumers are shifting towards glass tableware from plastic products. Glass tableware products are available in transparent, colored, and matte forms.

U.S. glass tableware market

Over the past few years, the consumers have been replacing old-fashioned designs with new fashionable products such as glass tableware products. They are looking for affordable and less formal options, which are more casual and easily consumable. Additionally, the crystal glasses have gained significant popularity among consumers over the world. Purchasing trend of consumers changes depending on the occasion, style, regional cultural, and packaging of the products in case of dinnerware. For instance, consumers opt for premium products such as glass tableware when they are buying the product as gifts for various occasions, including wedding.

Similarly, consumers in the countries including France require a wide range of products in an elegant design that defines a class or symbolize a luxury lifestyle, which, in turn, is boosting the demand for the glass tableware. However, the industry participants have been witnessing challenge in terms of incorporation of raw materials. For instance, development of strong and colorful glassware needs expensive metals, which can lower the profit margin of the manufacturers.

Application Insights

The commercial application segment held the largest share of more than 75.0% in 2018. This application segment make use of a wide range of products such as dinnerware, drinking ware, serveware, and candle container. Furthermore, over the past few years, the travel and tourism industry has been growing significantly across the globe. As a result, the number of hotels, restaurants, café, and pubs has increased remarkably. This favorable trend is expected to expand the scope for glass tableware over the next few years.

The household application segment for glass tableware is expected to register the fastest CAGR of 6.6% from 2019 to 2025. Rising purchasing power and shifting consumer preference towards fancy homeware including glass tableware have been fueling the demand for the products among the households. Premium dinnerware and drinkware have been gaining significant popularity among the consumers as a gift for occasions including weddings.

Distribution Channel Insights

The offline channel held the largest share of more than 80.0% in 2018. Over the last few years, penetration of hypermarkets, supermarkets, and specialty stores for glass tableware has grown significantly over the world. Additionally, the producers are using a hybrid business model that incorporates online retails, along with physical stores. The provision of hefty discounts has also been fueling consumer flow in these stores.

The online distribution channel for glass tableware is expected to expand at the fastest CAGR of 7.3% from 2019 to 2025. High penetration of e-commerce in the homeware industry is expected to accelerate the product growth in the upcoming years. Furthermore, assurance of safe shipping, which is an important factor for this glass tableware, has been encouraging consumers to buy from online stores.

Product Insights

As of 2018, the dinnerware segment held the largest share of more than 40.0%. Dinnerware consists of a wide range of dishes, including basic plates and bowl, which are used to serve a meal. Use of these products depends on the courses of the meal served that varies with different cuisines. Drinkware products are projected to witness the fastest growth in the coming years owing to increasing consumption of both alcoholic and non-alcoholic drinks. Surge in the number of bars, pubs, and other fine dining places have been boosting the demand for glass drinkware in the foodservice industry. 

Global glass tableware market

Among other products, serveware baby bottles and flatware are expected to witness significant increase in demand in the near future. The serveware segment includes serving bowls, gravy boats, platters, salad bowls, casseroles, dessert bowls, soup pots, teapots, coffee or tea jugs, carafes, and pitchers. Over the past few years, the glass containers market has been witnessing significant growth. Furthermore, growing infant population, along with lower infant mortality rate in economies including India and China, is resulting in an upsurge in demand for glass baby bottles, thereby fueling the demand for glass tableware. These glass bottles help to maintain the quality of breast milk and do not hamper the diet of the baby.

Regional Insights

As of 2018, Asia Pacific dominated the market, accounting for more than 35.0% share of the global revenue. The region is also anticipated to witness the fastest growth in the coming years. Changing lifestyle and increasing adoption of luxury tableware are fueling the growth of the product in this region. In addition, growing trend of luxury dining is expected to expand the scope for premium glass products in the near future. Surge in investments in the hotel and catering industry in Asia Pacific economies including India and China has boosted the growth of the glass tableware market. Factors including rising purchasing power, rapid urbanization, growth of the hospitality sector, and increasing brand awareness in the afore-mentioned countries are expected to open new avenues for glass tableware over the next few years.

Glass Tableware Market Share Insights

The industry comprises several international and regional players. Key manufacturers of glass tableware include Libbey, Inc.; Arc International; Oneida Limited; Şişecam Group; WMF Group; Bormioli Rocco; Lenox Corporation; Corelle Brands; La Opala RG Ltd.; Borosil Glass Works Ltd.; Kavalierglass, a.s.; and TERMISIL Huta Szkła Wołomin S.A.

For instance, in January 2016, Borosil Glass Works Ltd., an Indian glassware company, acquired Hopewell Tableware Pvt. Ltd. This acquisition is expected to boost the turnover and strengthen its position in the tableware industry in the near future. Additionally, establishment of strategic alliances with the distributors in developing economies including China and India is expected to remain a key strategy among the industry participants over the next few years.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Brazil, and UAE

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels, and provides an analysis on the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global glass tableware market report based on product, application, distribution channel, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Dinnerware

    • Drinkware

    • Others

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Household

    • Commercial

  • Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

Key questions answered by the report
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