Global Glassware Market, By 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 & Restaurants, Bars & Café, Household, Corporate Canteens, and Others) – Industry Trends and Forecast to 2031.
Glassware Market Analysis and Size
The market is experiencing steady growth, driven by increasing demand for glassware in the food and beverage industry, rising disposable incomes, and growing preference for aesthetically appealing tableware and decorative items. Glassware is widely used in homes, restaurants, bars, and hotels for serving beverages, storing food, and enhancing the dining experience. The market is also influenced by trends such as the growing popularity of glassware for gifting purposes and the increasing demand for premium and customized glassware products.
The global glassware market size was valued at USD 2.60 billion in 2023 and is projected to reach USD 3.93 billion by 2031, with a CAGR of 5.30% during the forecast period of 2024 to 2031. 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.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, 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 & Restaurants, Bars & Café, Household, Corporate Canteens, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Corning Incorporated (U.S.), O-I Glass (U.S.), Ardagh Group S.A. (Luxembourg), Vidrala (Spain), Verallia (France), Nihon Yamamura Glass Co., Ltd. (Japan), AGC Inc. (Japan), Gerresheimer AG (Germany), Vetropack Holding Ltd (Switzerland), Stoelzle Glass Group (Austria), Koa Glass Co., Ltd. (South Korea), Hindusthan National Glass & Industries Limited (India), Nippon Sheet Glass Co., Ltd. (U.K.), Schott AG (Germany), PGP Glass (India), Saint-Gobain (France), Bormioli Luigi S.p.A. (Italy), Hindusthan National Glass & Industries Ltd. (India), Vitro (Mexico), and Gerresheimer AG (Germany)
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Market Opportunities
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Market Definition
Glassware refers to objects made from glass, typically used for holding or serving liquids or decorative purposes. It includes various items such as drinking glasses, bowls, vases, and laboratory glassware. Glassware can be made from different types of glass, such as soda-lime glass, borosilicate glass, and lead crystal, each with its properties and uses.
Glassware Market Dynamics
Drivers
- Growing Demand for Glass Packaging
Glass is favored for its recyclability, non-toxic nature, and ability to maintain the quality and freshness of food and beverages. Glass has been identified as a more cost-effective and environmentally friendly packaging option when compared to plastic, leading major players in the industry such as Coca-Cola to promote the use of glass bottles for their products. This trend is particularly evident in emerging markets such as India. During the first quarter of 2022, Coca-Cola India Pvt. Ltd. experienced a notable increase in sales, with an additional 500 million bottles sold in India. Of these sales, approximately 70% were attributed to returnable glass bottles and single-serve PET bottles. This shift towards glass packaging reflects a growing consumer preference for environmentally friendly packaging options, driving the adoption of glassware in packaging.
- Expanding Hospitality Industry
The hospitality industry, which includes restaurants, bars, and hotels, requires a large quantity of glassware to serve various beverages, including alcoholic and non-alcoholic drinks. Glassware plays a crucial role in enhancing customers' dining and drinking experience, with establishments often opting for high-quality, aesthetically pleasing glassware to create a favorable impression. As the hospitality industry continues to grow, the demand for glassware is expected to rise, driving market growth.
Opportunities
- Expanding Applications in Healthcare
Glassware is critical in the healthcare industry, where it is used for laboratory experiments, medical devices, and pharmaceutical packaging. In laboratories, glassware such as beakers, test tubes, and flasks are essential for conducting experiments and storing samples. Glass is favored for its transparency, inertness, and heat resistance, making it ideal for use in healthcare settings. In addition, glass is used in medical devices such as syringes, vials, and ampules due to its ability to maintain the sterility and integrity of the contents. Glass packaging is also preferred for pharmaceuticals as it protects drugs from contamination and degradation. With the healthcare industry expanding globally, there is a growing opportunity for glassware manufacturers to cater to these markets.
- Focus on Sustainability
With increasing awareness about environmental issues, there is a growing demand for sustainable and eco-friendly products. Glassware, being recyclable and reusable, is well-positioned to capitalize on this trend. Glass is created from naturally occurring raw materials such as sand, soda ash, and limestone, presenting a more sustainable choice compared to plastics and other materials sourced from fossil fuels. In addition, glass can be recycled endlessly without losing its quality, further reducing its environmental impact. As consumers and businesses prioritize sustainability, there is a growing opportunity in the market for eco-friendly glassware products.
Restraints/Challenges
- Cost of Production
The cost of producing glassware, especially high-quality and customized products, can be relatively high. This can be attributed to various factors, such as the raw materials utilized in glass manufacturing, the energy-intensive production process, and the expenses associated with skilled labor. As a result, the cost of glassware products can be higher than alternative materials such as plastic or ceramic. This can impact the affordability of glassware products, especially in price-sensitive markets where consumers may opt for cheaper alternatives.
- Fragility of Glassware
Glassware can break easily if not handled carefully, limiting its use in certain applications. Glassware might not be the most practical option in busy restaurant kitchens or high-risk laboratory environments, due to the risk of accidents. In addition, the fragility of glassware requires careful handling and storage, which can be time-consuming and costly. The fragility of glassware is one of its major drawbacks, and it can be a major challenge for market growth.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glassware market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In April 2022, Chiefway introduced Malaysia's inaugural smart glass factory, a response to the increasing demand for eco-friendly and smart home solutions
- In June 2022, Saverglass revealed plans to enhance its glass bottle production capacity in 2023, aiming to cater to the rising demand across the American continent
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Glassware Market Scope
The market is segmented on the basis of material, style, distribution channel, price range, and end-use. The growth amongst these segments will help you analyze meagre 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.
Material
- Soda Lime Glass
- Lead Glass
- Heat Resistant
- Others
Style
- Stemless Glass
- Stemware
- Everyday Usage
- Others
Distribution Channel
- B2B
- Specialized Stores
- Supermarkets/Hypermarkets
- E-Commerce
- Others.
Price Range
- Medium
- Premium
- Economy
End-Use
- Hotels & Restaurants
- Bars & Cafe
- Household
- Corporate Canteens
- Others
Glassware Market Regional Analysis/Insights
The market is analyzed 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 market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
Asia-Pacific is expected to dominate and be the fastest growing due to the region's rapid development and expansion of restaurants and bars. Furthermore, the increasing demand from various end-use industries is driving manufacturers to expand their production capacities.
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 global 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
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Corning Incorporated (U.S.)
- O-I Glass (U.S.)
- Ardagh Group S.A. (Luxembourg)
- Vidrala (Spain)
- Verallia (France)
- Nihon Yamamura Glass Co., Ltd. (Japan)
- AGC Inc. (Japan)
- Gerresheimer AG (Germany)
- Vetropack Holding Ltd (Switzerland)
- Stoelzle Glass Group (Austria)
- KOA GLASS CO., LTD. (South Korea)
- Hindusthan National Glass & Industries Limited (India)
- Nippon Sheet Glass Co., Ltd. (U.K.)
- Schott AG (Germany)
- PGP Glass (India)
- Saint-Gobain (France)
- Bormioli Luigi S.p.A. (Italy)
- Hindusthan National Glass & Industries Ltd. (India)
- Vitro (Mexico)
- Gerresheimer AG (Germany)
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