The glass tableware market is expected to reach a valuation of US$ 9.8 Billion in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 12.8 Billion by 2032.

Higher spending on casual house-ware products such as glass tableware products will drive the demand in the market. Surge in number of households coupled with rise in per capita income is expected to fuel demand for glass tableware in the global market.

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Furthermore, shift from plastic tableware products to glass tableware products due to growing use of environment-friendly, recyclable, and biodegradable products is rising. Hence, demand for glass tableware is projected to accelerate over the forecast period (2022-2032).

As the tourism industry continues its global expansion, demand for eco-friendly and environmentally sound glass tableware is on the rise. Through 2032 this market will see steady growth with a projected 9% increase per year!

"Expansion of hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely preferred in residential areas apart from commercial areas mainly due to their aesthetic appeal that also contributes towards kitchen decor," says an FMI analyst.

Who is winning?

Mergers and acquisitions, as well as product development and innovation, are among the techniques companies are using to increase their market share. Further, companies are coming up with discount offers to gain new customers.

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