GLASS TABLEWARE MARKET ANALYSIS

Market Challenges And Opportunities

Global Glass Tableware Market- Restraints

Need to Maintain High Temperature at the Production Unit

The need to maintain  high temperature at the production unit of glass tableware is one of the major factors that is expected to hinder the market growth. Low temperature impact the quality and color of glass materials, and thus, increases the overall production cost.

Increasing Price of Raw Materials

Increasing price of raw materials is projected to hamper the market growth of glass tableware. High cost of soda ash contributes to more than 30% of the overall cost of production of glass products is one of the major restraints for this industry.

Global Glass Tableware Market- Opportunities

Growing Preferences for Designer Glassware

Developing innovative and decorative tableware products is projected to offer new market opportunities in the near future. Improving living standard of consumers coupled with growing disposable income is boosting demand for decorative tableware products. Increasing consumer spending on home decor products is another major factor that is expected to drive the market growth. Thus, growing demand for decorative tableware products is expected to drive the market growth.

Growing preferences for designer glassware over old fashioned designs is projected to offer major growth opportunities in the near future. Shift from old to new fashion designers tableware especially among the young generation coupled with increasing population around the globe is further stimulating the market growth. According to the United Nation, in 2022 the world population is projected to reach 8.5 billion in 2030, and will increase to to 9.7 billion in 2050 and 11.2 billion by 2100.