The global glass tableware products market was valued at USD 44.6 billion in 2023 and is projected to expand at a CAGR of 4.5% from 2024 to 2031. The increasing use of glass tableware products in restaurants and pubs to serve food and beverages is a major factor driving the growth of the market. Furthermore, the increasing demand for glass products for serving food at homes is also contributing to the growth of the market.

The rising trend of outdoor dining and the increasing demand for decorative glass tableware is also driving the growth of the market. Moreover, the increasing demand for glass tableware products from the hotel and hospitality industry is fueling the growth of the market. Furthermore, the introduction of innovative glass tableware products with attractive designs and patterns is also driving the growth of the market. For instance, in April 2021, Libbey Inc. introduced the Vibe collection, a new line of colorful and contemporary glassware.

The increasing demand for eco-friendly and sustainable products is also driving the growth of the market. Glass is a non-toxic and eco-friendly material that can be easily recycled and reused. Furthermore, the introduction of new and innovative products with attractive designs is also driving the growth of the market. For instance, in March 2021, Arc International launched the Luminarc Delicia range of glasses and plates with a modern and minimalist design.

The increasing number of mergers and acquisitions among market participants is also driving the growth of the market. For instance, in April 2021, Libbey Inc. acquired Anchor Hocking, a glassware brand, to further expand its product portfolio. Furthermore, the increasing focus of market participants on expanding their product portfolios is also driving the growth of the market. For instance, in May 2021, Arc International launched the Arcoroc Lux collection, a range of durable, high-quality, and stylish glassware.

Furthermore, the rising trend of online retailing is driving the growth of the market. Online retailing platforms are offering a wide range of glass tableware products at attractive prices, which is driving the demand for these products. Moreover, the increasing availability of glass tableware products in various sizes and shapes is also driving the growth of the market.

The drinking glassware segment accounted for the largest share in the glass tableware market in 2022. The growing popularity of glass drinking vessels among consumers is driving the demand for glasses. Moreover, the increasing demand for eco-friendly and sustainable tableware is bolstering the growth of glassware products among consumers. According to an article published by the Glass Packaging Institute, in August 2020, glass is 100% recyclable and can be reused endlessly without any loss in quality or purity.

The bowl segment is expected to show the highest CAGR of 8.3% during the forecast period. Growing demand for glassware from the food and beverage industry is driving the demand for glass bowls. Moreover, the growing popularity of glass tableware among consumers for serving meals is further driving the demand for glass bowls. Furthermore, the increasing presence of online platforms and rising penetration of glass tableware products in the market are some of the key factors driving the growth of the segment.

The department stores segment accounted for the major market share of around 50.3% in 2022. The growth of this segment is primarily attributed to the increasing availability of glass tableware products in department stores. Furthermore, the rising number of department stores in the urban and semi-urban areas of developing countries is expected to further drive the segment growth. Department stores provide customers with a wide range of glass tableware products from various brands, allowing them to compare the products and prices before making a purchase decision.

The e-commerce segment is anticipated to expand at the highest CAGR of 11.1% over the forecast period. The convenience of shopping from the comfort of home, availability of discounted prices, and 24/7 accessibility of the e-commerce platform are some of the major factors that are driving the growth of the segment. Furthermore, the increasing penetration of smartphones and availability of e-commerce apps are enabling customers to access a variety of glass tableware products online and purchase them conveniently.

The decorative glass tableware segment accounted for the largest market share of 56.6% in the year 2022. The decorative glass tableware is gaining popularity due to its aesthetic appeal and affordability. The increasing trend of hosting dinner parties and dinner dates is one of the major factors driving the demand for decorative glass tableware. Additionally, the availability of a wide range of designs and colors to choose from is also a key factor driving the demand for decorative glass tableware.

The functional glass tableware segment is expected to expand at the highest CAGR of 8.4% over the forecast period. The increasing demand for functional glass tableware from restaurants and hotels is a key factor driving the growth of the segment. Furthermore, the growing trend of gifting glass tableware is also driving the demand for functional glass tableware. For instance, Libbey, a brand of Libbey Inc., is offering several gift collections in its portfolio such as the Libbey Signature Glassware line.

Europe dominated the glass tableware market in 2020 and is expected to remain the largest revenue contributor throughout the forecast period. This is attributed to the presence of a large number of manufacturers in the region. Additionally, the increasing focus on environment-friendly alternatives to plastic tableware is also expected to drive the growth of the market in Europe. For instance, in August 2021, Swedish glassware company, Skruf Glasbruk, launched a range of durable glass straws and reusable containers.

Asia Pacific is expected to witness the fastest growth in the coming years. Rapid urbanization, increasing disposable incomes, and the rising awareness about the usage of glassware over plastic are key factors driving the demand for glass tableware in the region. For instance, in April 2021, Indian company, Glasskart, introduced an innovative range of glass products including cookware, tableware, and barware.

In this part of the glass tableware products business plan we 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 glass tableware products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a glass tableware products business comes from the sale of glassware, such as plates, cups, glasses, and other such items. Other potential sources of income include rental fees for glassware used in special events, and the sale of customized glassware.

Projecting Expenses
In this section, all the regular expenses related to keeping the glass tableware products business running will be described. The list of operating expenses includes raw material costs, wages, marketing & advertising costs, utilities, insurance policies, and others.

Some of the key companies operating in the glass tableware 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, Libbey Inc. introduced a new line of glass tableware, including plates, bowls, and mugs.

– In August 2022, Arc International launched a range of colored glass plates, bowls, and mugs.

– In October 2022, Corelle Brands launched a range of elegant glass dinnerware sets.

Some of the prominent players in the glass tableware market include:

– Libbey Inc.
– Arc International
– Corelle Brands
– World Kitchen, LLC
– Arcoroc SAS
– Anchor Hocking LLC
– Durobor
– RAK Ceramics
– Crisal
– Bormioli Rocco

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 glass tableware products market based on product type, distribution channel, and region:

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

– Drinking Glasses
– Bowls
– Serving Platters
– Others

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

– Supermarkets & Hypermarkets
– Online
– Others

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

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

[Q]: What is driving the growth of the glass tableware market?
[A]: The increasing demand for glass tableware from hospitality and food service industries coupled with the growing demand for aesthetically pleasing and sustainable glass tableware designs are driving the growth of the glass tableware market. Additionally, the rising trend in the use of glass tableware for special occasions and events is also contributing to the growth of the market.

[Q]: What are the key players in the glass tableware market?
[A]: The key players in the glass tableware market include Libbey Inc., Arc International, The Oneida Group, Inc., Waterford Wedgwood PLC, International Tableware, Inc., Steelite International, and Bormioli Rocco.

[Q]: What regions are expected to be the most lucrative for glass tableware sales?
[A]: Europe is expected to be the most lucrative region for the glass tableware market, with an absolute dollar opportunity of $9.5 B (USD). This is due to the presence of a large number of manufacturers in the region, as well as increasing demand from hospitality and food service industries.

[Q]: What are the trends in the glass tableware market?
[A]: The glass tableware market is witnessing a shift towards the use of high-end, aesthetically pleasing designs and sustainable materials. Additionally, manufacturers are focusing on product innovation and introducing new shapes, colors, and sizes to meet the growing demand for customized glass tableware.