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.

Request a Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=763

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.

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.

Request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=763

The Beverageware segment includes teapots, coffee or tea jugs, pitchers, and coffee brewers. Unlike plastic products, glass beverageware contains no harmful chemicals and is safer to use. Consumers are shifting from plastic products to glass beverageware which is contributing to the growth of this segment

Transition in the lifestyle and rise in disposable income is responsible for the growth of this segment. With rapid urbanization, purchasing behavior of consumers and the adoption of trendy lifestyles are leading to the high demand for tableware products. The tableware segment is classified into glass, cups, and mugs. The others segment is divided into cookpots, roasters, casseroles, bakeware, bowls, food warmers, and measuring jugs.

North America and Europe are anticipated to account for major market share due to sophisticated lifestyles and high spending rates. An increase in demand for glass tableware products in Europe and North America will result in the increased production of these products. Also, these regions will remain the prime markets for tableware products due to vast distribution networks.

Enquire before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=763

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel -https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:

Rohit Bhisey

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com

Blog: https://tmrblog.com

Email: [email protected]

Original Source: https://www.transparencymarketresearch.com/glass-tableware-market.html