The Glassware Market to Grow with Rising Hospitality Industry with USD 13,644.4 Million by 2025

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The Glassware Market to Grow with Rising Hospitality Industry with USD 13,644.4 Million by 2025

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The rising urbanization and improving living standard of people in some of the developing and underdeveloped regions is driving the demand for various types of glassware products around the globe. Further, the advancement in the glassware such as stemware beer glasses, wine glasses and tumbler mugs is improving the performance along with driving the demand for glassware among people. Along with that, the availability of several tourist spots aligned with the infrastructural development, better connectivity and developing hospitality industry is driving the growth of the glassware industry.

The increasing product awareness among consumers is estimated to benefit the expansion of the market by reaching USD 13,644.4 Million by the end of 2025 from USD 9,953.89 Million in 2017. Further, the global glassware market is estimated to witness a compound annual growth rate of 4.2% over the forecast period 2018-2025.

In terms of geographical segmentation, the global glassware market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa, out of which, Europe contributed a dominant market share of 34.44% in 2017 and is estimated to expand significantly with a robust CAGR of 2.9% over the forecast period owing to its input of quality standards and technological innovation in producing glass ware. Further, the Asia Pacific glassware market is believed to dominate the overall market of glassware in 2025 on the back of the factors such as rapid development of easy to carry and efficient glassware and rising trend of food and beverages in the region.

The Report titled  “Global Glassware Market Outlook: Industry Demand Analysis & Opportunity Assessment 2017–2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

This report also studies existing competitive scenario of some of the key players of the global glassware market which includes profiling of Noritake Co. Ltd., Villeroy & Bosch AG, Cumbria Crystal, Guy Degrenne SA, Lifetime Brands Inc., Lenox Corporation, Libbey Inc., Oneida Ltd., WMF AG, Denby Pottery, Steklarna Hrastnik, ARC, Bormioli Rocco, Pasabahce, Durobor, Duralex, Trendglass, Uniglass, Borgonovo and Stozle Lausitz.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Glassware Market Outlook 2025”, analyses the overall glassware industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global glassware market in the near future.To know more about this research

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