GLASS TABLEWARE MARKET ANALYSIS

Glass Tableware MarketSize and Trends

Global glass tableware market is projected to surpass US$ 21.07 Billion by 2030, in terms of revenue, exhibiting  a CAGR of 7.6% during the forecast period (2023 to 2030).

• The influence of social media marketing on consumers is boosting sale of innovative glass tableware due to growing trend of increasing smartphone and digitalization around the globe. For instance, casual dining invests a majority of their marketing budget on Search / Email Marketing (51%).This is majorly for discovery and communicating promotional offers. Also, rising offline distribution channel such as supermarkets and hypermarkets is further anticipated to drive the market growth.
• Growing strategic merger and acquisition among key manufacturers for business expansion is one of the growing trends in the market. H.I.G. Capital, LLC acquired Nadir Figueiredo Indústria e Comércio SA, a Brazil-based glass tableware Company. The deal was valued at approximately 2 million US$. Thus, increasing adoption of such strategic merger and acquisition among key players is projected to drive the market growth of the glass tableware over the forecast period.

Figure 2. Global Glass Tableware Market, Revenue Share (%), By Product, 2022