Global Glassware Market – Industry Trends and Forecast to 2030

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 2030.

Glassware Market Analysis and Size

Growing levels of investment in the hotel and catering industry are expected to act as a driver for the growth of the global glassware market in the forecast period. Changes in the lifestyle of the consumers are expected to act as a driver for the growth of the global glassware market in the forecast period of 2023-2030. Also, Advancements in glassware production technologies are expected to bring growth opportunities for the glassware market in future.

Data Bridge Market Research analyses that the global glassware market was valued at USD 24,78,705.29 thousand in 2022 and is expected to reach USD 38,21,232.06 thousand by 2030, registering a CAGR of 5.3% during the forecast period of 2023 to 2030.In 2023, soda lime glass segment will dominate the market due to its transparency, durability, and relatively low cost, making it a popular choice for items such as bottles, jars, windows, drinking glasses, and various other containers. 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.

Glassware Market Scope and Segmentation

Market Definition

The global glassware market refers to the industry involved in the production, distribution, and sale of various glass products designed for a wide range of applications. Glassware encompasses a diverse array of glass products, each serving specific purposes, and is utilized in various sectors, including the household, food and beverage, hospitality, laboratory, pharmaceutical, and decorative industries. These glass products can range from everyday items like drinking glasses and glass cookware to specialized laboratory equipment, scientific glassware, glass packaging for beverages, and decorative glassware used for interior design and aesthetics.

Global Glassware Market Dynamics

Drivers

• Increasing Demand for Glassware in the Food and Beverage Industry

The food and beverage industry is a major consumer of glassware, including bottles, containers, and glassware used in restaurants and bars. As the global population continues to grow and consumer preferences shift toward sustainable and aesthetically pleasing packaging, the demand for glassware in this sector is expected to rise.

• Rise in Hospitality and Tourism Industry

The hospitality and tourism sectors rely heavily on glassware for serving drinks, meals, and other purposes. The growth of these industries, particularly in emerging markets, is boosting the demand for glassware products.

Opportunities

• Premium and Customized Products

There is a growing demand for premium and customized glassware products. Manufacturers can seize this opportunity by offering high-end, handcrafted glassware with unique designs, custom engraving, or personalized branding options to cater to discerning consumers and businesses.

• Sustainability Initiatives

As environmental concerns continue to rise, glassware manufacturers can focus on promoting their products as eco-friendly alternatives to plastic and disposable packaging. Companies can invest in sustainable production practices, such as using recycled glass and reducing energy consumption, to appeal to environmentally conscious consumers.

Restraints/ Challenges

• Competition from Alternative Materials

Glass faces competition from alternative materials such as plastic, metal, and ceramics. These materials can sometimes offer cost advantages or specific properties that meet certain consumer or industry requirements, which can limit the growth of the glassware market

• Environmental Concerns

 Glass is considered eco-friendly due to its recyclability; the production of glass involves significant energy consumption. Some consumers and businesses may have concerns about the carbon footprint of glass production, especially in regions where the energy mix is not as clean.

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

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.

Global Glassware Market Scope

The global glassware market is segmented on the basis of material, style, distribution channel, price range and end-use. The growth amongst these segments will help you analyse 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

Global Glassware Market Regional Analysis/Insights

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

The countries covered in the global glassware market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific dominates the global glassware market. Asia-Pacific is likely to be the fastest-growing global glassware market. This is due to the increasing development in the countries number of restaurants and bars is increasing, which will boost the demand for glassware products in the Asia-Pacific region.

 The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts 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 Global Glassware Market Share Analysis

The global glassware 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 global glassware market.

Some of the major players operating in the global glassware market are:

• Oneida (U.S.)
•  NoritakeChina (Japan)
•  Ocean Glass Public Company Limited (Thailand)
• Lenox Corporation (U.S.)
•  Treo.in (India)