Glassware Market Size, Share, and Industry Analysis, By Material (Soda Lime Glass, Lead Glass, Heat Resistant, and Others), By Application (Tableware, Drinkware, Cookware, and Others), By End-user (Residential and Commercial), By Distribution Channel (Online and Offline), and Regional Forecast, 2024 – 2032

Glassware generally includes items made from glass and is used for various purposes, such as drinking, serving, storage, decoration, and others. Numerous products are primarily manufactured from glass, which includes glass jars, wine glasses, drinking glasses, bowls, cups, and many others. These glass products come in various shapes, sizes, and designs to suit different needs and preferences. Moreover, changes in lifestyle trends, combined with a growing inclination toward home entertaining, dining out, and premium beverage consumption, stimulate the demand for glassware. Consumers prefer aesthetically soothing and functional glassware items that enhance their dining and drinking experiences, favoring the global market expansion.

• For instance, in July 2023, Steelite International, a leading manufacturer of glassware products, announced its acquisition of Delfin, a provider of food service and food merchandising ware. The acquisition helped Steelite enhance its product portfolio in terms of glassware products, along with expanding its global footprint.

The COVID-19 pandemic presented several challenges to the growth of the glassware market during 2020. Several lockdown initiations and constraints on social get-togethers have resulted in the closure or reduced operations of restaurants, hotels, bars, and other catering services. Besides, the cancellation or postponement of events, such as parties, weddings, trade shows, official conferences, and others, declined glassware demand used in catering services, event planning, and promotional activities, negatively influencing glassware companies' sales.

• For instance, according to data from the National Restaurant Association of the U.S., around 3% of restaurants have permanently closed since the end of March 2020 due to the impact of the COVID-19 pandemic.

Segmentation

Key Insights

The report covers the following key insights:

• Parent/Related Market Overview


• Supply Chain & Regulatory Analysis


• Industry SWOT Analysis


• Porter’s Five Forces Analysis


• Recent Technological Advancements

Analysis by Material

By material, the market is divided into soda lime glass, lead glass, heat resistant, and others. The soda lime glass segment is likely to hold the maximum share in the market. The soda lime glass material can be easily cast into various shapes and sizes, which makes it suitable for a wide range of applications, ranging from everyday glassware, such as cups and bottles, to more specialized items, such as light bulbs and windows. Furthermore, this material is relatively economical to produce compared to other glass types, making it cost-effective for mass production.

Analysis By Application

By application, the market is divided into tableware, drinkware, cookware, and others. The drinkware segment is estimated to register the highest share of the global glassware market. Drinkware items, such as glasses, cups, mugs, and tumblers, are essential for everyday use in households, restaurants, cafes, and bars. Therefore, this segment offers a varied range of products in several shapes, sizes, designs, and materials to cater to the different needs and preferences of the consumers. This versatility assists with customization and personalization, augmenting the attraction of drinkware products to a broader audience.

Analysis By End-user

By end-user, the market is divided into residential and commercial. The commercial segment is projected to mark the largest share of the entire glassware market. Glassware products, such as drinkware, tableware, and decorative items, play a crucial role in the commercial sector, including the hospitality industry, food and beverage sector, healthcare sector, and other commercial institutions. These businesses require glassware products in large quantities to serve drinks, cocktails, and food items to their customers, driving segment demand.

Analysis By Distribution Channel

By distribution channel, the market is divided into online and offline. The offline segment is expected to lead the glassware market during the forecasted period. Offline stores facilitate customers' perception and assessment of the quality, design, and suitability of glassware items before making their purchases. Besides, offline retail outlets often provide personalized customer service, with knowledgeable staff available to assist consumers, enhancing their overall shopping experience and favoring the offline segment's expansion.

Regional Analysis

The global market is geographically segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Asia Pacific is home to a large and growing consumer base driven by rapid urbanization, rising disposable incomes, and changing lifestyles. Countries such as India, China, and Thailand serve as manufacturing hubs for glassware production. These nations have advantages in terms of lower labor costs, ample raw materials, and favorable regulatory environments, which enable them to produce glassware products at competitive prices.

• For instance, in April 2024, Cello World Limited, a prominent consumer goods company, announced that it would be setting up a glassware production unit in Rajasthan, India, to bolster its manufacturing capabilities, extend its array of products, and strengthen its foothold in the Indian market.

Key Players Covered

The report includes profiles of key players, such as Sisecam, Lenox Corporation, Steelite International, Garbo Glassware, and Villeroy & Boch AG.

Key Industry Developments

• April 2024:  Richard Brendon, a U.K.-based tableware manufacturer, launched a new range of glassware products, mainly for the U.K. and North American markets.


• October 2023: Schott AG, a German-based glass manufacturing company, launched its next generation ‘type I borosilicate FIOLAX Pro glass tubing,’ specifically to cater to the needs of the pharma industry.


• June 2022: Serein Décor, a producer of luxury tableware and home decor items, introduced a range of drinkware collections, ‘The Roseate drinking glasses and carafe,’ perfect for any special event.


• August 2021: Borosil, an Indian consumerware brand, and Bartle Bogle Hegarty (BBH), a U.K.-based advertising company, collaborated to launch a new campaign to display the unique features and benefits of the products of Borosil.