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Allied Market Research

Glassware Market by Material (Soda Lime Glass, Lead Glass, Borosilicate Glass, and Heat Resistant Glass), Product Type (Tea Cup, Coffee Mug, Wine Glass, Everyday Glass, Spirit Glass, Beer Mug, Pitchers, and Others), Price Point (Premium, Medium, and Economy), Distribution Channel (Hypermarkets/supermarkets, Specialized Stores, Online Retail, and Others), and End User (Households, Hotels & Restaurants, Corporate canteens, Café & Bars, and Others ): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11874
Pages: NA
Sep 2021 | 105 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

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Glassware is an article created by different types of glasses such as soda-lime, lead, borosilicate, and heat-resistant. Generally, they are used for decorative purpose or for serving food and beverages. The glassware industry is positively growing due to increase in disposable income and the developing interest in decoration and consumer opting to use glassware as an alternative to ceramic or plastic. Furthermore, the demand for glassware is high and witnessing new heights due to rise in the hotel and restaurant industries. Bars and cafes are also helping the growth of the glassware market. The new model of glassware is getting added to keep the customers amazed and intact. Glass is a solid material and does not contain pores that prevent bacteria from growing and make it a perfect utensil for serving food and drink. For this reason, healthcare consumers use glassware. Glassware also possesses an aesthetic look that attracts consumers to buy.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Regions Covered

 North America, Europe, Asia-Pacific, and LAMEA

 Segments Covered

Material, Product Type, Price Point, Distribution Channel, End User, and Region

 Companies Covered

Noritake Co., Limited (Japan), Villeroy & Boch AG (Germany), Guy Degrenne SA (Italy), Lifetime Brands, Inc (US), Lenox Corporation (US), The Zrike Company, Inc (US), World Kitchen, LLC(US), Libbey, Inc (US), Oneida Ltd (US), and Borosil Limited (India).


COVID-19 Impact Analysis

  • There was a negative effect on the glassware market due to the COVID-19 pandemic. The demand for glassware decreased during these days due to the lack of stocks and disrupted distribution channels.
  • The restaurants were closed because the lockdown restricted consumers to the fine dining experience, discouraging new glassware requirements.
  • The consumers who have high availability and a high level of interest in premium glassware products have shifted their interest to essential products to help them over the lockdown period.

Top Impacting Factors

  • Increase in population of the Middle Class, surge in high disposable revenue, high investment in the hotel and catering industries, change in consumer preferences and their shifting tastes and lifestyles are crucial drivers for the growth in the glassware market. Consumer inclination toward fine dining and developing an interest in decorative glassware also boost the demand for glassware.
  • The availability of cheap and low-quality plastic and ceramic products in the market is an alternative to glassware products that act as a restraint for the glassware market growth. Furthermore, the demand for plastic and ceramic products will give rise to intense competition, which results in the downfall of demand for glassware products.
  • The introduction of e-commerce is an opportunity for consumers to explore the desired products and buy according to their preference. The glassware companies should introduce new designs for products that give an option to be reviewed by the consumers that help direct the companies in identifying the exact market need.

Market Trends

Borosilicate glassware a game-changer

Generally, glassware products are articles made of soda-lime, lead, or heat resistant material. The introduction of borosilicate usage in making glassware is proving to be a game-changer. Borosilicate glass is a type of glassware made of boron trioxide and silica. Borosilicate glassware can be used for freezing or a microwave due to its high resistance against heat and cold. The multi-benefit of this product is attracting consumers, which is expected to drive the demand for borosilicate glassware.

Change in lifestyle and taste of the consumer

Rapid urbanization in consumers is occurring in developing countries. This transformation is also affecting the change of taste and preferences. Consumers are shifting toward the practice of fine dining and are attracted to premium decorative glassware products. Glassware companies invest in R&D to determine the exact need of the consumer and their purchasing behavior.

Omni-channel strategy usage is encouraging the growth of the glassware market

Glassware products are sold in brick and mortar stores. Currently, companies are adapting to brick and click services for their consumers. The introduction of e-commerce services is encouraging both company and consumer. Consumers have an option to explore more products according to their criteria. It's intended that the company will identify and update the consumer's needs. It will be a win-win situation for the companies as well as for the consumers.

Key Segments Covered

Material

  • Soda-lime
  • Lead
  • Heat-resistant
  • Borosilicate

Product Type

  • Tea Cup
  • Coffee Cup
  • Wine Glass
  • Everyday Glass
  • Spirit Glass
  • Beer Mug
  • Pitchers
  • Others

Price point

  • Premium
  • Medium
  • Economy

Distribution Channel

  • Hypermarkets/supermarkets
  • Specialized Stores
  • Online Retail
  • Others

End users

  • Households
  • Hotels and Restaurants
  • Corporate Canteens
  • Bars and Cafes
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the glassware industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the glassware market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the glassware market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed glassware market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the glassware market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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