Global Glass Tableware Market Size, Trends & Forecasted Growth at 6.1% CAGR for the Period 2016-2024
Glass tableware comprises of products which are used for serving food for dining, and other purposes as well. They also form a part of table setting. The global glass tableware market has passed through a number of qualitative and quantitative changes in the past few years.
Glass tableware comprises of products which are utilized for serving food for dining as well as for other purposes. Presently, the market for glass tableware is spread across different regions with the involvement of more than 400 manufacturers. To study the overall market in-depth, a new study has been added to the online collection of Market Research Reports Search Engine (MRRSE). This research report titled ‘‘Glass Tableware Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024‘’, offers a clear picture about the major players and market regions connected to the global glass tableware sector. Further, it is estimated the global market for glass tableware is anticipated to rise at a CAGR of 6.1% during the forecast period 2016-2024. Maintaining this pace, the market is projected to reach US$14.2 Billion in 2024, from a previous value of US$ 8.8 Billion in 2015.
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In the past, the purchase of glass tableware products was restricted only to the upper-class population and a part of the upper middle-class population. However, in recent times, these products have acquired popularity among consumers across all income groups; primarily powered as a result of increasing disposable income of the consumers. The research study initiates with the research highlights and key market indicators. Further, the market dynamics such as drivers, and restraints are carefully mentioned to inform the readers. Focusing on the market drivers, at present, the increasing awareness connected to environmental hazards from plastic and its non-biodegradable characteristics, the market for glass tableware has gained a positive boost.
As the report proceeds, the readers can catch hold of information regarding the major market regions. This smart research report bifurcates the global glass tableware market into North America, Europe, the Middle East, Latin America and Asia Pacific. Each of these regions is analyzed on the basis of revenue share and revenue forecast for the period 2015-2024. Further, the market is segmented on the basis of product type which includes beverageware (tea pots, coffee/tea jugs, pitchers, coffee brewers), baby bottles, and others (cookpots, roasters, bakeware etc.).
The final section of the report discusses the most active players from the global glass tableware market. Some of the prominent companies targeted in the report are Libbey Inc., Anchor Hocking LLC, Bomiolli Rocco SpA, ARC International S.A., Sisecam Group, Lenox Corporation, World Kitchen LLC and Wolomin S.A. These players are evaluated on the basis of market share while keeping the stern attention of factors such as major strategies, revenue & operating profit and SWOT analysis.
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