According to a new market report published by Transparency Market Research titled “Glass Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028,” the global glass tableware market is expected to reach US$ 10.8 Bn by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. Asia Pacific held the highest market share in the glass tableware market in 2027.
The Glass Tableware Market report provides an analysis of the global glass tableware market for the period 2017 – 2026, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
The report covers all the prevalent trends and technologies playing a major role in the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.
Growth of the hotel & catering industry is projected to drive demand for glass tableware in the near future. Increase in investments in the 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 used in the hotel & catering industry. Furthermore, rise in disposable income of consumers has resulted in increase in expenditure on travel and tourism. This in turn boosts the growth of the hotel industry.
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The tableware industry is set for an explosion and is ready to witness many innovations in terms of design and material, driven by changes in fashion, lifestyle, economic conditions, and demographic factors. Tableware manufacturers are experimenting with different shapes, colors, materials, and textures to attract consumers. There is an increased demand for visually appealing as well as functional tableware.
The report answers these questions and more about the global tableware market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Global Tableware Market – Research Methodology
The TMR report on the global tableware market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global tableware market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global tableware market arrive at predictions and estimations, and calculate the forecast for the market.
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The report uses an analytical triangulation method to estimate the numbers and figures of the global tableware market with both bottom-up and top-down approaches.
The detailed assessment of the global tableware market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global tableware market is set to grow are based on carefully vetted primary and secondary sources.
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