The European glassware products market was valued at USD 12.5 billion in 2022 and is projected to expand at a CAGR of 8.3% from 2023 to 2030. The demand for glassware products in Europe is driven by the growing preference of consumers for traditional and classical designs, as well as the increasing inclination towards modern and aesthetic glassware. In recent years, the demand for glassware has increased due to the growing awareness of the benefits of glass with respect to sustainability and safety. Furthermore, individuals are increasingly preferring glassware products for home and office decor, which is driving the market growth.

The growth in the hospitality industry is expected to positively affect the demand for glassware products. The hospitality industry is growing at a significant rate in Europe, which has encouraged the demand for glassware products. The growing demand for glassware products in the hospitality industry is attributed to the increasing number of restaurants, bars, and cafes across the continent. Furthermore, the emergence of new trends and technologies is expected to further drive the market growth. For instance, in April 2021, the French glassmaker L’Estelle introduced a new technology to produce sparkling glassware with ultra-fine bubbles.

The specialty glassware segment is expected to dominate the market as it is used in a variety of glassware products, from bar and kitchenware to decorative items. The growing demand for special events and occasions is driving the demand for specialty glassware in Europe. The growing demand for aesthetically pleasing and durable glassware products is projected to further support the growth of the market. Furthermore, the growing trend of premiumization is also driving the demand for specialty glassware.

The presence of a large number of established players in the region is expected to support the market growth. For instance, Villeroy & Boch, a leading glassware manufacturer, is constantly investing in its production capabilities to meet the growing demand for glassware products. Moreover, the company also offers an extensive range of innovative glassware products in various shapes, sizes, and designs. Aside from that, various market participants are focusing on launching new products to cater to the demand of consumers. For instance, in April 2021, Spiegelau, a leading glassware manufacturer, introduced a new range of glassware products with a modern and contemporary design. The company also offers a range of glassware products in various sizes and shapes for special occasions and events.

The glassware segment dominated the market and accounted for a share of around 37.7% in 2022. Increasing preference for glassware products in the hospitality industry, growing demand for sustainable materials, and the availability of cost-effective glass products are some of the factors driving the market growth. According to an article published by the European Commission, in October 2019, the hospitality industry is increasingly using glassware as it is seen as a more sustainable material in comparison to other materials. Furthermore, the demand for decorative and designer glass products is another factor driving the growth of the market.

The beverageware segment is estimated to expand at the fastest CAGR of 8.4% over the forecast period. Growing demand for luxury glasses, the increasing number of restaurants and bars, and the rising trend of craft beer and cocktails are some of the key factors driving the growth of the beverageware segment. According to an article published by the European Commission, in January 2020, the demand for craft beer in Europe is growing rapidly due to the increasing number of microbreweries and craft beer bars. Additionally, the growing popularity of premium and designer glassware among millennials is further propelling the market growth.

The supermarkets and hypermarkets segment accounted for the major share of the Europe glassware market in 2022. Supermarkets and hypermarkets are the most preferred channel for glassware purchases because of the wider range of products available. These stores offer a variety of products from different brands and offer discounts. In addition, these stores provide convenience to customers as they can easily compare the prices and quality of the products before purchasing. Moreover, the availability of a wide range of glassware products and convenient store locations are expected to further boost the growth of the supermarkets and hypermarkets segment.

The online segment is anticipated to expand at a significant CAGR over the forecast period. The increasing penetration of internet connectivity and the increasing use of smartphones are driving the online sales of glassware products. In addition, digital marketing and promotional campaigns by e-commerce websites are expected to attract more customers to purchase glassware products online. Moreover, the availability of a wide range of products in terms of design, shape, and size is expected to further drive the growth of the segment.

The tableware segment accounted for the largest revenue share of 67.9% in the year 2022. The growing demand for high-quality glassware in the hospitality industry coupled with the increasing number of restaurants, bars, and hotels is driving the growth of the segment. Moreover, the rising trend of gifting glassware items as corporate gifts is also bolstering the demand for tableware products in Europe. Furthermore, the growing demand for a variety of unique and stylish designs of glassware is driving the manufacturers to develop new products, which is likely to propel the growth of the segment in the forecast period.

The decorative segment is anticipated to expand at the highest CAGR of 8.2% over the forecast period. Rising disposable income, increased popularity of glassware as decorative items, and the growing trend of gifting glassware items are the primary factors driving the growth of the segment. Furthermore, the increasing use of glassware items for home décor is also propelling the segment. For instance, in October 2020, Bormioli Rocco, an Italian glassware company, launched Home Décor Collection, which consists of a range of decorative glassware products.

Europe dominated the market and accounted for the largest revenue share of over 38.6% in 2022. Increase in demand for decorative and luxury glassware products, rising disposable income, and increasing consumer spending on home décor and kitchenware products are some of the major factors driving the market. The region is home to some of the prominent players such as Arc International, Libbey Inc., and Bormioli Rocco Group. For instance, in June 2021, Libbey Inc. launched a new collection of glassware in Europe, which includes a range of dinnerware and stemware products.

Asia Pacific is expected to witness the fastest growth in the coming years. Increasing demand for high-end glassware products, growing hospitality industry, and rising urbanization are some of the major factors driving the market in the region. Moreover, expanding middle-class population and increasing disposable income in countries such as India and China are expected to create lucrative opportunities for market players. For instance, in August 2021, Wistalia Group launched a new range of glassware products in the Indian market.

This part of the Europe Glassware Products business plan will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Europe Glassware business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a Europe Glassware Products business comes from the sale of glassware, such as wine glasses, beer steins, and other decorative pieces. Here you will find a list of other possible revenue sources such as donations, sponsorships, and fundraising activities.

Projecting Expenses

In this section, all the regular expenses related to keeping the Europe Glassware Products business running will be described. The list of operating expenses includes wages, inventory, maintenance and repairs, utilities, rent, insurance policies, advertising, and others.

Some of the key companies operating in the European glassware market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, IKEA launched a new range of glassware products for the European market. The range includes glasses, mugs, jugs, carafes, and pitchers.

– In August 2022, Arc International launched a range of colored glassware products. The range includes colored glasses, mugs, jugs, carafes, and pitchers.

– In October 2022, Bormioli Rocco launched a new range of crystal glassware. The range includes glasses, mugs, jugs, carafes, and pitchers.

Some of the prominent players in the European glassware market include:

– IKEA
– Arc International
– Bormioli Rocco
– Libbey Inc.
– Schott Zwiesel
– Riedel Crystal
– Anchor Hocking
– Oggetti
– World Kitchen LLC
– Arcoroc

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Europe glassware products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Tableware
– Kitchenware
– Barware
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation in the Europe Glassware Market?
[A]: Product innovation is a key driver of growth in the Europe glassware market. With new technologies, products can be designed to meet increasingly specific customer needs, such as improved thermal insulation, enhanced durability, and a wider range of colors and styles. Additionally, product innovation can also help companies gain a competitive edge by introducing new products with better performance characteristics.

[Q]: Who are the Key Players in the Europe Glassware Market?
[A]: The major players in the Europe glassware market include Saint-Gobain, Arc International, Libbey, Inc., Anchor Hocking, O-I Glass, Inc., Libbey Glass, Inc., Duralex International, and Zimmermann Glas GmbH.

[Q]: What are the Key Growth Strategies Adopted by Europe Glassware Market Players?
[A]: Key strategies adopted by market players include product launches, mergers and acquisitions, and partnerships. Product launches help companies to expand their product portfolios and gain a competitive edge. Mergers and acquisitions help companies to expand their presence in target markets, while partnerships help companies to gain access to new technologies and expand their customer base.

[Q]: What are the Factors Driving the Europe Glassware Market?
[A]: Factors driving the Europe glassware market include increasing demand from the hospitality sector, rising disposable income, and changing consumer preferences. Additionally, the health and safety benefits of glassware, such as being non-toxic and non-porous, are driving demand for glassware products.

[Q]: Which Regions Offer the Largest Opportunity for Sales of Europe Glassware Products?
[A]: With an absolute dollar opportunity of $4.6 B (USD), Western Europe is expected to be the largest market for Europe glassware products. This is due to the region’s large hospitality sector and increasing disposable income.