Global Glass Tableware Market to Witness a 40% Growth from 2011 to 2017

Transparency Market Research has announced the publication of a new report, titled “Glass Tableware Market - Global And Egypt Industry Analysis, Market Size, Trends And Forecast 2011 - 2017”. According to the comprehensive research report, the global glass tableware market is expected to grow at a CAGR of 6% from 2011 to 2017. The extensive research report has been compiled using primary and secondary data, with a special focus on the Egypt glass tableware market.

The report emphatically states that the global glass tableware market was valued at US$6.2 bn in 2011 and is estimated to reach US$8.8 bn in 2017. The 40% growth of the glass tableware market will be due to the boom in the hotel and catering industry.

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The upward trend in the global glass tableware market is also due to the rising disposable incomes of the population. Furthermore, the convenience that hotels and catering services offer due to the lack of time while leading hectic lifestyles is pushing the sale of glass tableware to newer heights.

An interesting observation made by research analysts is that the growing number of nuclear families in the society are making a positive impact on the global glass tableware market due to increasing demand for tableware in every household. The cumulative effect of these trends is leading to the steady growth of this market. Analysts also state that these factors are also the supporting factor for the Egyptian glass tableware market.

On a global level, except Egypt, the glass tableware market faces a tough challenge of high raw material prices. This restraint does not hold weight in the case of Egypt, as the country has a rich source of minerals that are used for making glass. A more serious threat to the global glass tableware market is the shifting preferences of consumers and hospitality industry to crystal ware due to their high aesthetic value. However, if the glass tableware market utilizes the opportunity of designing state-of-the-art tableware, it could stand a chance of beating the crystal tableware market that is currently gaining a strong foothold.

In light of this competition, important players such as Arc International, Leonox, Pyramid Glass, Anchor, and City Glass are working on developing appealing tableware designs, which will become the unique selling point for their products in the near future. The demand for aesthetically appealing tableware will be mainly fueled by the rising prevalence of nuclear households and the growing hospitality industry.

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The report profiles some of the key players in the global glass tableware market such as Lenox Corporation, WMF, Arc International, Libbey Inc., Sisecam, Bormioli Rocco group, City Glass, and Pearl Glass Co. The chapter on company profiles includes important information about these companies. It gives a detailed outlook on each company’s financial status, research and development progress so far, existing products and those in the pipeline, details about management style, and overall outlook for the coming years.

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