Overview and Scope
Glassware and crystalware refer to items made from glass containing a significant amount of lead oxide, providing enhanced clarity and brilliance. It is used in laboratories to perform experiments and make windows and frames.
Sizing and Forecast
The glassware market size has grown strongly in recent years. It will grow from $15.96 billion in 2023 to $17.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to consumer preferences, economic conditions, cultural influences, market competition, global trade dynamics.
The glassware market size is expected to see strong growth in the next few years. It will grow to $21.13 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to changing consumer preferences, sustainability trends, economic outlook, global market expansion, regulatory changes. Major trends in the forecast period include innovations in manufacturing, digitalization and e-commerce, technological advancements, technology integration, online retail growth.
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Segmentation & Regional Insights
The glassware and crystalware market covered in this report is segmented –
1) By Type: Glassware, Crystalware
2) By Price: Low, Medium, High
3) By Application: Tableware, Drinking Vessels, Ornamental And Decorative, Other Applications
North America was the largest region in the glassware and crystalware market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glassware and crystalware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of restaurants and hotels is expected to propel the growth of the glassware and crystalware market going forward. Restaurants and hotels are two distinct types of establishments within the hospitality industry, that provide food, beverage, and accommodation services to customers. Restaurants and hotels use glassware and crystalware for serving beverages and enhancing the dining experience due to their elegance, durability, and ability to complement the presentation of food and drinks. For instance, in August 2023, according to the US Bureau of Labor Statistics, a US-based federal fact-finding agency, the number of establishments in food services and drinking places in private industry for the 4th quarter of 2022 was 694,267, an increase of 4.28% compared to 665,736 during the same period in 2021. Therefore, the rising number of restaurants and hotels is driving the growth of the glassware and crystalware market.
Key Industry Players
Major companies operating in the glassware and crystalware market report are Groupe SEB, Schott Zwiesel AG, Fiskars Group, WMF Group, Villeroy & Boch AG, Noritake Co Ltd., Libbey Inc., Lifetime Brands Inc., The Oneida Group Inc., Lenox Corporation, The Denby Pottery Company Ltd., FUSO Glass India Pvt Ltd., Anchor Hocking Company, Baccarat SA, Riedel Crystal, Guy Degrenne SA, WWRD Holdings, Duralex International, Ocean Glass Public Company Limited, The Zrike Company Inc
The glassware and crystalware market report table of contents includes:
1. Executive Summary
2. Glassware And Crystalware Market Characteristics
3. Glassware And Crystalware Market Trends And Strategies
4. Glassware And Crystalware Market – Macro Economic Scenario
5. Global Glassware And Crystalware Market Size and Growth
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31. Glassware And Crystalware Market Other Major And Innovative Companies
32. Global Glassware And Crystalware Market Competitive Benchmarking
33. Global Glassware And Crystalware Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Glassware And Crystalware Market
35. Glassware And Crystalware Market Future Outlook and Potential Analysis
36.Appendix
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