The global glass tableware market is projected to exhibit a CAGR of 6% between 2011 and 2017, according to Transparency Market Research. The market was valued at US$6.2 bn in 2011 and is likely to rise to US$8.8 bn by 2017.
EMEA Leads Global Glass Tableware Market
By product, dinnerware, beverage ware, and flatware are the major segments of the global glass tableware market. Of these, beverage ware accounted for the largest part of the market in 2011 due to the steady demand for beverages such as tea, coffee, and wine, as well as the extensive use of glass bottles to distribute prepackaged drinks such as nonalcoholic drinks and beer.
Regionally, Europe, the Middle East, and Africa (EMEA) comprise the largest regional market for glass tableware. The increasing demand for high-end glass tableware from Europe, the high rate of urbanization in the Middle East and North Africa, and the high production of glass in Africa are the main factors responsible for the dominant share of the EMEA market.
Egypt is a key segment of the global glassware market due to the abundance of multiple compounds used in the manufacture of glass. The Egyptian government’s increased focus on boosting infrastructural initiatives and industrial construction is leading to high production of glass, which is also benefitting the market for glass tableware. Egypt has cemented its position as one of the key glass tableware markets in the last half decade and is expected remain crucial in the coming years.
EMEA Leads Global Glass Tableware Market
By product, dinnerware, beverage ware, and flatware are the major segments of the global glass tableware market. Of these, beverage ware accounted for the largest part of the market in 2011 due to the steady demand for beverages such as tea, coffee, and wine, as well as the extensive use of glass bottles to distribute prepackaged drinks such as nonalcoholic drinks and beer.
Regionally, Europe, the Middle East, and Africa (EMEA) comprise the largest regional market for glass tableware. The increasing demand for high-end glass tableware from Europe, the high rate of urbanization in the Middle East and North Africa, and the high production of glass in Africa are the main factors responsible for the dominant share of the EMEA market.
Egypt is a key segment of the global glassware market due to the abundance of multiple compounds used in the manufacture of glass. The Egyptian government’s increased focus on boosting infrastructural initiatives and industrial construction is leading to high production of glass, which is also benefitting the market for glass tableware. Egypt has cemented its position as one of the key glass tableware markets in the last half decade and is expected remain crucial in the coming years.
Increasing Demand from Hotel and Catering Industry Drives Glass Tableware Market
The rapid growth of the global hotel and catering industry in the last few years has been crucial for the global glass tableware market. The rising disposable income of customers in developing regions has given impetus to service industries, which has driven the demand for premium glass tableware. The increasing demand from the global travel and tourism industry has also been hugely beneficial for the glass tableware market.
The steady increase in the demand for luxury products is likely to be a major driver for the global glass tableware market in the forecast period. With premium beverages such as wine becoming popular all over the world, the demand for the appropriate beverage ware is set to grow over the coming years. However, the rising demand for crystal tableware due to its attractive appearance is a key challenge for the global glass tableware market.
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