The global glass tableware market size is expected to reach USD 17.69 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Changing lifestyle, along with rising purchasing power, is encouraging consumers to buy glass tableware products. Furthermore, growing hotel and catering industry at the global level is expected to play a crucial role in expanding the market size over the next few years.
Dinnerware products accounted for the largest market share in 2018. These products include a wide range of plates and bowls for different cuisines. The drinkware products are projected to witness the highest growth from 2019 to 2025. Increasing number of bars, pubs, and other fine dining places is expected to fuel the demand for drinkware products in the near future.
In terms of application, the household segment is expected to foresee the fastest growth in the upcoming years. Consumers of the developing countries including China and India have been replacing traditional metal tableware with trendy glass products owing to increasing purchasing power at the domestic level. Additionally, increasing popularity of luxury dinnerware for occasions including weddings and housewarming is expected to remain a favorable factor.
Asia Pacific held the largest share of over 35.0% in 2018 and is anticipated to witness the highest growth in the coming years. Shifting trend towards luxury dining in countries including China, Japan, South Korea, and Philippines is expected to promote the scope for the premium dinnerware in the commercial sector. In addition, increasing popularity of drinking culture among adults in developing nations including China and India has been fueling the demand for drinkware in the household and commercial sectors.
Key glass tableware manufacturers include Libbey, Inc.; Arc International; Oneida Limited; Şişecam Group; WMF Group; Bormioli Rocco; Borosil Glass Works Ltd.; Lenox Corporation; Corelle Brands; La Opala RG Ltd.; Kavalierglass, a.s.; and TERMISIL Huta Szkła Wołomin S.A. The industry participants are expected to increase the spending on developing products with new designs in order to expand their market share.
Glass Tableware Market Report Highlights
- The dinnerware segment dominated the market with the largest revenue share of 42.5% in 2023. This significant market share is attributed to dinnerware's essential role in household and commercial dining settings.
- Commercial dominated the market with the largest revenue share in 2023. The segment's growth is attributed to the wide range of products, such as drinkware, dinnerware, candleware, and serverware.
- Hypermarkets & supermarkets dominated the market with the largest revenue share in 2023. These retail formats offer a wide variety of glass tableware products under one roof, providing consumers with the convenience of one-stop shopping.
- Asia Pacific glass tableware market dominated the global market with the largest revenue share of 38.1% in 2023. The factors responsible for driving the region’s growth include the rising demand for luxury and aesthetically pleasing tableware, which aligns with evolving lifestyles and increasing disposable incomes.
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Glass Tableware Market Segmentation
Grand View Research has segmented the glass tableware market on the basis of on product, application, distribution channel and region:
Glass Tableware Product Outlook (Revenue, USD Million, 2018 - 2030)
- Dinnerware
- Drinkware
- Others
Glass Tableware Application Outlook (Revenue, USD Million, 2018 - 2030)
- Household
- Commercial
Glass Tableware Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Glass Tableware Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- South Africa
Key Players in the Glass Tableware Market
- Steelite International
- Duralex International
- Pasabahce (part of Sisecam Group)
- Riedel Crystal
- Arc International
- Luigi Bormioli
- Waterford Crystal (part of Fiskars Group)
- Bormioli Rocco
- Lenox Corporation
- Libbey Inc.
Order a free sample PDF of the Glass Tableware Market Intelligence Study, published by Grand View Research.