Latest News- Glass Tableware Market in Europe: Beverageware is expected to lead the Product segment during 2024-2028

The Glass Tableware Market in Europe is being driven by Increasing hospitality and tourism industry in Europe

The Glass Tableware Market in Europe is expected to grow at a CAGR of 2.99% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 416.22 million. The European glass tableware market has witnessed a significant increase in the utilization of recycled glass in recent years. This trend is driven by several factors, including the rising environmental consciousness among consumers, stringent government regulations promoting sustainability, and the increasing preference for eco-friendly products. One of the primary reasons for the increasing adoption of recycled glass is the growing environmental awareness. Consumers are increasingly conscious of their impact on the environment and are making eco-friendly choices in their purchasing decisions. By using recycled glass in the production of glass tableware, manufacturers can reduce the demand for raw materials and energy-intensive manufacturing processes, thereby contributing to a more sustainable industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Beverageware
  • Dinnerware
  • Flatware
  • Others
• Distribution Channel
  • Offline
  • Specialty Retail
  • Online Retail
  • Supermarkets
• End-User
  • Residential
  • Hospitality
  • Commercial Catering
• Material
  • Soda-Lime Glass
  • Borosilicate Glass
  • Crystal Glass
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing hospitality and tourism industry in Europe
• Rising disposable income among consumers
• Growing sales of glass tableware via online platform

However, the market also witnesses some limitations, which are as follows:

• Fragility and breakability concern among end-users
• Rising adoption of counterfeit products in Europe
• Competition from alternative materials

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Market Scope in Glass Tableware Market in Europe Research Report

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Research Analysis Overview

The European glass tableware market encompasses various techniques in its production, including glassblowing, etching, engraving, painting, and decoration. Sustainable and recycled glass production are gaining popularity, utilizing techniques like heat-resistant and shatterproof technology. Luxury, high-end, designer, hand-crafted, artisan glassware elevate table settings and dining experiences for home entertaining. Vintage and antique glassware require special care and maintenance for preservation. Glassware cleaning and storage are essential aspects of glassware upkeep.

Market Research Overview

The European glass tableware market is a segment of the larger global housewares and specialties market, which encompasses various product categories such as cookware, bakeware, tableware, kitchen electrics, and kitchen tools and accessories. According to Technavio, the global household durables market, which includes the revenues of manufacturers in household durables sectors including consumer electronics, homebuilding, household appliances, houseware and specialties, and leisure products, is projected to grow due to several factors. One significant driver is the increasing consumer preference for houseware with innovative designs and vibrant colors, leading vendors to introduce new and stylish glass tableware products in the market. These offerings cater to the growing demand for distinctive kitchenware, enhancing the aesthetic appeal of consumers' dining experiences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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