Data Bridge Market Research analyses that the Asia-Pacific Glassware market is expected to reach the value of USD 1,426,586.81 thousand by 2029, at a CAGR of 5.6% during the forecast period. "soda-lime" accounts for the most prominent material segment as this type of glass provides scratch resistant surfaces. The glassware market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Definition
Glass is a brittle, rigid material that is generally clear or translucent. It might be made of a mixture of sand, soda, lime, or other minerals. The most typical glass formation method involves heating raw ingredients until they become molten liquid, then rapidly cooling the mixture to make toughened glass. Glass varieties may be classified based on their mechanical and thermal qualities to identify which applications are most suited.
Soda lime glass: Soda-lime glass is the most common form of glass used for windowpanes and glass containers such as bottles and jars for drinks, food, and certain commodities items.
Lead Glass: Lead glass is a glass with a high percentage of lead oxide with exceptional clarity and brightness.
Heat Resistant: Heat-resistant glass is intended to withstand heat stress and is commonly used in kitchens and industrial applications.
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Recent Developments
· In October 2020, Libbey Inc. announced the confirmation of a plan of reorganization and expected to complete its court-supervised restructuring and emerge with a stronger balance sheet in the upcoming weeks. The company made this announcement to succeed in the current business operating environment.
· In October 2021, Lenox Corporation acquired Oneida Consumer LLC with its brand of table top products including flatware, dinnerware, and cutlery. The collaboration was undertaken to market a leading portfolio of brands and innovative goods with unrivalled customer awareness across a wide range of retail channels.
Asia-Pacific Glassware Market Scope
The glassware market is segmented based on material, style, distribution channel, price range, and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Material
· Soda Lime Glass
· Lead Glass
· Heat Resistant
· Others
Based on material, the glassware market is segmented into soda lime glass, lead glass, heat resistant, and others.
By Style
· Stemless Glass
· Stemware
· Everyday Usage
· Others
Based on style, the glassware market has been segmented into stemless glass, stemware, everyday usage, and others.
By Distribution Channel
· B2B
· Specialized Stores
· Supermarkets/Hypermarkets
· E-Commerce
· Others
Based on distribution channel, the glassware market has been segmented into b2b, specialized stores, supermarkets/hypermarkets, e-commerce, and others.
By Price Range
· Medium
· Premium
· Economy
Based on price range, the glassware market has been segmented into medium, premium, and economy.
By End-Use
· Hotels & Restaurants
· Bars & Cafe
· Household
· Corporate Canteens
· Others
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Glassware Market Share Analysis
The glassware market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glassware market.
Some of the major players operating in the glassware market are Hrastnik1860, Oneida, Noritake China, Ocean Glass Public Company Limited, Lenox Corporatio, Treo.in, Libbey Inc, Fiskars Group, WMF (A Subsidiary of Groupe SE, Lifetime Brands, Inc, Villeroy & Boch, Bormioli Rocco S.p.A., Wonderchef Home Appliances Pvt. Ltd., The Zrike Company, Inc, Shandong Hikingpac Co., Ltd., Addresshome, Stölzle Lausitz GmbH, Eagle Glass Deco (P.) Ltd., Degrenne. Cello World, MYBOROSIL, Jiangsu Rongtai Glass Products Co., Ltd., Cumbria Crystal, Garbo Glassware.
Regional Analysis/Insights
The glassware market is analysed and market size insights and trends are provided by country, material, style, distribution channel, price range, and end-use as referenced above.
The countries covered in the glassware market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Hong Kong. Taiwan, Myanmar, Laos, Cambodia. Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the Asia-Pacific glassware market. China is likely to be the fastest-growing Asia-Pacific Glassware market. The rising infrastructure, commercial, and industrial developments in emerging countries such as China, Japan, India, and South Korea are credited with the market's dominance. With the increasing development in the countries number of restaurants and bars is increasing, which will boost the demand for glassware products in the Asia-Pacific region.
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