Consumer & Retail

According to a market report by Lucintel, the future of the glassware market looks promising with opportunities in the commercial and personal markets. The global glassware market is expected to reach an estimated $8.0 billion by 2028 with a CAGR of 2.8% from 2023 to 2028. The major drivers for this market are increasing demand from the food and beverage industry, growing hotel and catering service industries and rising awareness among health-conscious consumers towards adoption of glassware, as it eliminates presence of bacteria.



In this market, wine glasses, beer glasses, coffee mug and tea cup, everyday glasses, cocktail, and spirit are the major segments of glassware market by raw material. Lucintel forecasts that everyday glasses will remain the largest segment over the forecast period due to its multipurpose and versatile use for households. 



Within this market, commercial is expected to remain the largest segment due to the continuous growth in food & beverages and hotel & catering services industry. 



APAC will remain the largest region due to the introduction of durable and affordable glassware products and growing number of restaurants and bars hub in the region.

Anchor Hocking, Anhui Deli daily Glasses, Arc Online, Borosil, and Degrenne are the major suppliers in the global glassware market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global glassware market by product type, distribution channel, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Glassware Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global glassware market by product type, distribution channel, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the glassware market by product type (wine glasses, beer glasses, coffee mugs and tea cups, everyday glasses, cocktail, spirit, and others), distribution channel (supermarket/hypermarket, convenience store, e-retailer, and others), end use (commercial and personal), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?