Global Glassware Market Report and Forecast 2024-2032

Global Glassware Market Outlook

The global glassware market size reached approximately USD 16.97 billion in 2023. The market is further projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of USD 26.90 billion by 2032.

Key Trends in the Glassware Market

Glassware refers to products obtained from glass that are designed for everyday use including ornaments, bowls, and drinking containers. Glassware is essential for creating a complete tableware as it offers both decorative and functional applications and is available in different shapes and sizes.

• The expansion of the foodservice sector owing to rising travel and tourism activities, increasing disposable incomes, and growing preference for eating out owing to hectic lifestyles and busy schedules is aiding the glassware market growth. Various hotels, restaurants, and cafeterias use glassware for serving food and beverages as they enhance the table presentation, elevating the dining experience.

• Rising adoption of glassware in households due to their environment and microwave friendly nature is supporting the market expansion. Due to increasing pollution caused by plastic utensils, deployment of glassware has increased as they are a sustainable alternative because of their recyclable nature. Glassware is also suitable for multi-use without compromising the nutrition and freshness of the food content.

• Rising research and development efforts of various key market players for increasing the efficiency of the manufacturing processes and supporting the production of products with innovative styles and designs, colours, and forms is also offering lucrative growth opportunities to the market.

Global Glassware Market Analysis

On the basis of material, the market is divided into soda lime glass, crystal glass, borosilicate glass, and heat resistant glass. Based on product type, the market is segregated into coffee mug, teacup, wine glass, everyday glass, spirit glass, beer mug, and glass jars, among others.

On the basis of end use, the market is classified into households, hotels and restaurants, corporate canteens, and café and bars, among others. Based on distribution channel, the market is categorised into hypermarkets and supermarkets, specialised stores, and online retail, among others.

On the basis of region, the glassware market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Shandong Huapeng Glass Co., Ltd.

• Steelite International Ltd. 

• Villeroy & Boch AG 

• Glass Tech Life 

• Borosil Limited 

• Taiwan Glass Industry Corporation 

• Sisecam 

• Lenox Corporation

• Ocean Glass Public Company Limited 

• Anchor Hocking LLC 

• Others

Glassware Market Share by Distribution Channel

Hypermarkets and supermarkets are expected to account for a significant glassware market share over the forecast period owing to the enhanced shopping experience offered by these distribution channels to the customers. Hypermarkets and supermarkets offer a wide range of products, allowing consumers to save time by avoiding trips to multiple locations. Moreover, these stores also offer glassware in varied price ranges and brands, providing a wider product portfolio for customers to choose from. The physical shopping experience also allows the shoppers to verify the durability and sturdiness of the glassware.

Glassware Market Share by Region

The Asia Pacific is anticipated to account for a significant share of the market in the coming years. This growth can be associated with the increasing presence of eating establishments including cafeterias, restaurants, and bars in the region owing to growing preference for eating out and ordering in due to rising disposable incomes. Growing efforts towards development of durable and cost-efficient glassware by the key manufacturers in the Asia Pacific is also boosting the glassware market demand.

Competitive Landscape

Shandong Huapeng Glass Co., Ltd. is involved in the sale, manufacture, and research and development of products including glassware and glass containers. The company also produces blown and pressed glass as well as top and medium grade glass bottles.

Steelite International Ltd., headquartered in United Kingdom, is one of the leading manufacturers, designers, suppliers, and marketers of buffet solutions, lighting, and tableware for the hospitality sector. The core brands of the company include Varick, Folio, and Hall China, among others.

Glass Tech Life is one of the leading producers of heat resistant glass and specialises in providing a wide range of borosilicate glass products and custom-made laboratory glassware including measuring cup, graduated cylinder, quartz glass tube, and laboratory flask, among others.

Other glassware market key players include Villeroy & Boch AG, Borosil Limited, Taiwan Glass Industry Corporation, Sisecam, Lenox Corporation, Ocean Glass Public Company Limited, and Anchor Hocking LLC, among others.

Key Highlights of the Report