Libbey Inc, Lifetime Brands, Inc., and Villeroy & Boch Dominated the Global Glassware Materials Market in 2020

Global Glassware Market is expected to grow with the CAGR of 18.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global glassware market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenario.

Major players dealing in the global glassware market are introducing a wide range of products along with launching new products and adopting strategic initiative such as acquisitions, agreements, business expansions, awards and recognitions, into the market. This helps companies to maximize the sales with enhanced product portfolio.

For instance:

  • In October 2020, Libbey Inc announced the confirmation of its plan 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.

Libbey Inc is the dominating player in global glassware materials market. The other key players existing in the market are Villeroy & Boch, NoritakeChina, Lifetime Brands, Inc., Degrenne, , Lenox Corporation, The Zrike Company, Inc., WMF GmbH (A Subsidiary of Groupe SEB), The Oneida Group Inc., Stölzle Lausitz GmbH, Bormioli Rocco S.p.A., Hrastnik1860, Cumbria Crystal and Fiskars Australia Pty Ltd. (A Subsidiary of Fiskars Group)..

Libbey Inc

Libbey Inc was established in 1818 and is headquartered is in Ohio, U.S. The company is engaged in manufacturing, designing, and marketing of glass tableware products. It has several business segments such as foodservice, retail, and business-to-business, in which foodservice is the market focused segment. The company has a wide range of product categories including drinkware, stemware, barware, beer, entertaining sets, bakeware, dinnerware, serveware, adaptive and healthcare, home décor, and storage in which drinkware, stemware, barware, beer, entertaining sets are market focused categories.

For instance,

  • In October 2020, Libbey Inc. announced the confirmation of its plan 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.

The company has wide presence across Americas, Asia-Pacific, Europe, Middle East, and Africa. The company also has various subsidiary companies including Royal Leerdam Crystal (Netherlands); World Tableware Inc (U.S.); Libbey Europe B.V.(Netherlands); Libbey Glass Inc (U.S.); Libbey Glassware (China) Co., Ltd.(China) among others. .

Lifetime Brands, Inc

Lifetime Brands, Inc. was founded in the year 1945, and is headquartered in New York, U.S. The company is engaged in manufacturing kitchenware, tableware, and other products used at home. It has several business segments including kitchenware, tableware, and home solutions  inwhich kitchenware is the market focused segment. The company has product categories including kitchenware, tableware, and home solutions in which kitchenware is the market focused category.

For instance,

  • In June 2021, Lifetime Brands, Inc. conducted an event at ‘OPPENHEIMER’ to announce about its consumer growth and e-commerce development. This event was organized in order to strengthen the company’s goodwill in the market.

The company has presence across Asia-Pacific, Europe and Americas. The company also has various subsidiaries including Pfaltzgraff (U.S.); Thomas Plant (Birmingham) Limited (U.S.); Empire Silver Company, Inc.(U.S.); Taylor Holdco, LLC(U.S.) among others.

Villeroy & Boch

Villeroy & Boch was founded in the year 1748, and is headquartered in Mettlach, Germany. The company is engaged in designing and producing ceramic and porcelain products for residential and commercial markets. It has several business segments including bathroom and wellness, tableware, and transition/other in which tableware is the market focused segment. The company has various product categories including crockery, sets, cutlery, glasses & goblets, baking & serving, and decoration in which glasses & goblets is the market focused category.

For instance,

  • In February 2021, Villeroy & Boch launched its new collection of crockery and home accessories, named ‘Lave Home’, which is made from stoneware. This launch was done to bring a variety in the company’s product portfolio of crockery and home accessories.

The company has presence across Asia-Pacific, Europe, Middle East and Africa, and Americas. It also has various subsidiaries including Villeroy and Boch USA, Inc.(U.S.); Sanipa GmbH (Germany); Villeroy and Boch Ltd (U.K.); Villeroy & Boch Australia Pty Ltd.(Australia) among others .