Global Glassware Market to Reach USD 25.36 Billion by 2030, Growing at a CAGR of 5.9%

[kalpesh rajput]

Global Glassware Market to Reach USD 25.36 Billion by 2030, Growing at a CAGR of 5.9%

Global Glassware Market Size to Reach USD 25.36 Billion by 2030, Fueled by Increasing Demand Across Household, Commercial, and Industrial Sectors

Summary:
The global glassware market, valued at USD 16.95 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 5.9%, reaching nearly USD 25.36 billion by 2030. This growth is driven by increasing demand from household, commercial, and industrial applications. The market report offers an in-depth analysis of market trends, competitive landscape, and the key drivers propelling the growth in this sector.

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Market Size

The Global Glassware Market is poised for significant growth, with the market expected to expand from USD 16.95 billion in 2023 to USD 25.36 billion by 2030, representing a CAGR of 5.9%. This robust growth is attributed to the rising demand for glassware in various sectors, including household, commercial, and industrial applications, coupled with the growing popularity of sustainable and aesthetically designed glass products.

Scope and Research Methodology

Maximize Market Research’s comprehensive study of the Global Glassware Market offers detailed insights into market dynamics, key players, competitive landscape, and growth opportunities. The report adopts a blend of primary and secondary research methodologies to provide accurate data and forecasts, covering key regions such as North America, Europe, Asia-Pacific, and more.

Report Coverage

The report covers detailed analyses of the following:

• Market segmentation based on material type, product type, end-user, and price point.
• Insights into the growth drivers and challenges faced by market players.
• Comprehensive competitive landscape and profiles of major industry players.
• Economic analysis and future growth projections for 2024-2030.

Overview

The global glassware market comprises products made from materials such as soda-lime glass, borosilicate glass, and crystal glass, serving various sectors from households to laboratory applications. The increasing preference for durable, eco-friendly, and aesthetically appealing glass products across different industries is significantly driving the market growth.

Dynamics

The market growth is primarily driven by the rise in disposable incomes, urbanization, and the demand for glassware products that are both functional and visually appealing. Furthermore, the global trend toward sustainability and eco-friendly packaging has led to a growing preference for glass over plastic. In addition, the increasing popularity of glassware in the hospitality industry and its use in premium home décor items has further contributed to the market’s positive growth outlook.

However, challenges such as raw material cost volatility and high transportation costs may hinder growth to some extent. Nonetheless, innovation in design and technology, such as glassware with added durability and resistance to thermal shocks, is expected to create new opportunities for market players.

Segmentation

The market can be segmented into the following categories:

• By Material Type: Soda-Lime Glass, Borosilicate Glass, Crystal Glass
• By Product Type: Drinkware, Tableware, Laboratory Glassware
• By End-User: Household, Commercial, Industrial
• By Price Point: Premium, Medium, Economy

Key Players Include

1. ARC International SA
2. World Kitchen LLC
3. Jiangsu Rongtai Glassware Products Co. Ltd.
4. Groupe SEB Company
5. Oneida Group
6. Steelite International (UK)
7. Villeroy & Boch AG (Germany)
8. Degrenne (France)
9. Libbey Glass LLC (US)
10. Zrike Brands (US)
11. Garbo Glassware (China)
12. Shandong Huapeng Glass Co., Ltd. (China)
13. Borosil Limited
14. Lifetime Brands, Inc. (US)
15. Sisecam (Turkey)
16. Anchor Hocking Group, Inc. (US)

Reason to Buy

• Comprehensive market analysis: Gain insights into key trends, opportunities, and growth drivers in the glassware market.
• Competitive Intelligence: Understand the strategies of key market players and their market share.
• In-depth segmentation: Access detailed information on market segments to better target customer needs.
• Regional Insights: Detailed analysis of key geographical regions and their growth projections.

Table of Contents:

1. Executive Summary
2. Market Introduction
3. Market Dynamics
4. Segmentation Analysis
5. Competitive Landscape
6. Regional Insights
7. Key Players Profiles
8. Conclusion

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