(I-BusinessNews.Com, October 16, 2019 ) Market Overview:
Glass Tableware are dishes or the dishware made out of glass used forsetting the table, serving food and dining.It includes glassware, serving dishes and other useful items for practical as well as decorative purposes.
The Glass Tableware is primarily driven by rising living standards across the globe and also with the increase in disposable income of the people all around the world. Increase in internet penetration in countries all around, boosting the e-commerce business, which is giving useful access to a whole variety of products online and also offers easy deliveries at the doorstep.
The rising innovation and the increasing demand for glass tableware products by people will also drive the market for the Glass Tableware in the forecast period.
However, due to the availability of counterfeit products and also due to the presence of a highly unorganized market is hampering the growth of Glass Tableware.
By Product type, the Glass Tableware market is segmented into beverageware, tableware, baby bottles, and others. Beverageware have the dominant position in the Glass Tableware market and is expected to retain its dominance in the forecasted period due to rise in the hotel industry in the countries like China and India owing to the tour because of the increase in disposable income of the people all the world, making the demand for more glass tableware.
By Distribution Channel, the Glass Tableware market is segmented into Online distribution channel and offline distribution channel. Offline distribution channel has the dominant position in the Glass Tableware market due to the rising supermarkets and hypermarket giving easy access to consumers all around the world.
By geography, the Glass Tablewaremarket is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
APAC holds the largest market share for Glass Tableware due to the high demand of various Glass Tableware by the people and also due to the rise in the internet penetration with growing population in the countries like India and China, and also the rise in the new hotels constructed for growing tourism is the main driver for the region in the forecast period.
The major players in the market include Arc Holdings, LaOpala RG, Libbey, Ocean Glass, and Sisecam Group. Other key players in the market include Lenox Corporation, World Kitchen LLC, Anchor Hocking LLC, Kavalier Glass A.S., and Borosil Glass Works Ltd.
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