Glassware Global Market Report 2024

The glassware and crystalware market size has grown steadily in recent years. It will grow from $8.61 billion in 2023 to $9.01 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historic period can be attributed to the expansion of the gaming industry, advancements in artificial intelligence (AI) and machine learning (ML), increased adoption of virtual reality (VR), the cryptocurrency mining boom, and a resurgence in PC gaming.

The glassware and crystalware market size is expected to see steady growth in the next few years. It will grow to $10.4 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The anticipated growth in the forecast period can be attributed to factors such as 8K gaming and high-resolution displays, AI-powered graphics enhancement, augmented reality (AR) and mixed reality (MR), a focus on energy efficiency and sustainability, and the increasing influence of edge computing and cloud gaming. Major trends expected in the forecast period include global digitization initiatives, advancements in ray tracing technology, continuous technological enhancements, the growth of digital content creation, and ongoing improvements in ray tracing technology.

The growth of the glassware market is being fueled by the expanding presence of cafes and bars. Cafes and bars, distinct in their offerings of food and beverages, utilize glassware to serve a diverse range of drinks such as cocktails, wines, beers, and non-alcoholic beverages. This use of glassware enhances the overall sensory experience, preserves drink quality, and contributes to the unique atmosphere and identity of these establishments. Starbucks Corporation, a US-based coffeehouse company, reported significant growth in Q4 of fiscal year 2021 by opening 538 new stores, a 4% increase reaching a total of 33,833 stores. Looking ahead to 2024, Budget Branders, a US-based restaurant supply store, predicts around 69,485 registered bars in the US, indicating a 1.5% growth from 2022. Consequently, the increasing prevalence of cafes and bars is anticipated to drive the glassware market's expansion.

The glassware market is also set to benefit from the rising pace of urbanization. Urbanization, the process of a greater proportion of the population residing in towns and cities, leads to the growth and expansion of urban areas as people transition from rural to urban regions. Glassware usage in urbanization is influenced by changing lifestyles, aesthetics, social trends, and the demand for diverse culinary experiences in urban settings. According to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization, the share of the global urban population was projected to increase to 56.5% in 2021, with Africa experiencing a 4.6% increase during the same period. Hence, the escalating rate of urbanization is a key driver for the glassware market.

The glassware market is anticipated to face growth constraints due to the upward trend in raw material prices. Escalating costs of raw materials may result in increased production expenses, potentially restricting the affordability and availability of glassware, thereby impacting market expansion. In September 2023, SunSirs, a China-based IT services and consulting company, reported a notable 41.26% surge in the average price of light soda ash during August, rising from 2,060 RMB/ton at the beginning to approximately 2,910 RMB/ton at the month's end, marking a 10.65% increase compared to the corresponding period in the previous year. Consequently, the surge in raw material prices is hindering the growth of the glassware market.

Key players in the glassware industry are actively engaged in the development of innovative glassware designs, such as the Syksy Nordic autumn rain pattern glassware, to broaden their brand's table-setting offerings. Drawing inspiration from the autumn rain, this series seamlessly integrates functional shapes with a meticulously crafted pattern that mirrors the Nordic autumn rain, ranging from a gentle drizzle to intense downpours. In August 2023, Marimekko Oyk, a Finland-based fashion and lifestyle company, introduced the Syksy glassware series, featuring mouth-blown tumblers, goblets, and carafes adorned with a drawn pattern inspired by the Nordic autumn rain. These stackable and mixable pieces complement other Marimekko tableware, providing an elegant addition to the brand's table setting category.

In June 2021, Lenox Corporation, a US-based manufacturing company specializing in glass tableware, giftware, and collectible products, successfully acquired Oneida Consumer LLC for an undisclosed sum. This acquisition of the Oneida tabletop brand has positioned Lenox as a market leader boasting a robust portfolio of brands and cutting-edge products. Consequently, Lenox has reinforced its reputation and brand recognition across various retail channels, distinguishing itself in the industry. Oneida Consumer LLC is a US-based manufacturer of glassware.

Major companies operating in the glassware market report are Groupe SEB SA, Arc International Tableware UK Ltd., Sisecam Dis Ticaret Anonim Sirketi, Lenox Corporation, Taiwan Glass Industry Corporation, Villeroy & Boch AG, Libbey Glass LLC, Lifetime Brands Inc., The Oneida Group Inc., Anchor Hocking Group Inc., Denby Pottery Company Ltd., Anhui Deli Housedhold Glass Co. Ltd., Shandong Huapeng Glass Co. Ltd., Borosil Limited, DEGRENNE, Ocean Glass Public Company Limited, Cello World Limited, Stölzle Lausitz GmbH, Garbo Glassware, Glasstech Industries (India) Pvt. Ltd., Zrike Brands, Steklarna Hrastnik d.o.o., Eagle Glass Deco Pvt. Ltd., Guangzhou Jing Huang Glassware Co. Ltd., Steelite International Ltd., Jiangsu Rongtai Glass Products Co. Ltd., and Cumbria Crystal Limited.

Asia-Pacific was the largest region in the glassware market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glassware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the glassware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Glassware encompasses a diverse range of objects made from glass, primarily designed for practical use. These items are commonly found in kitchens, laboratories, and households, serving various purposes from food and beverage consumption to scientific experimentation and decorative display.

The main types of materials used in glassware production include soda lime glass, crystal glass, borosilicate glass, and heat-resistant glass. Soda-lime glass stands out as the most common type, frequently employed in the manufacturing of everyday glassware and containers. Glassware is available at various price points, including premium, medium, and economy, and it is distributed through channels such as B2B, e-commerce, supermarkets and hypermarkets, specialized stores, and others. Different end users for glassware include households, hotels and restaurants, corporate canteens, cafes and bars, and various other applications.

The glassware market research report is one of a series of new reports that provides glassware market statistics, including glassware industry global market size, regional shares, competitors with glassware market share, detailed glassware market segments, market trends, and opportunities, and any further data you may need to thrive in the glassware industry. This glassware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The glassware market consists of sales of drinking glasses, plates and bowls, cocktail shakers, tableware, art glass, and glass jars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.