Crystalware and Glassware Market

Crystalware and Glassware Market Size, Growth |
Industry Report, 2027
Crystalware and glassware are products made from glass, which find applications in
social gatherings, home décor, and other industrial applications. These products
possess high refractive index and lower working temperature and viscosity. Soda
lime glass, lead glass, and heat resistance glass are used to produce crystalware
and glassware products.
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Market Dynamics
The global crystalware and glassware market is expected to exhibit a good growth
rate over the forecast period (2019-2027). Rising number of restaurants and hotels
and increasing popularity of fine dining are some of the major factors that are
expected to drive the global crystalware and glassware market growth over the
forecast period. For instance, according to Coherent Market Insights’ analysis, the
chained restaurant market in India was valued at US$ 6.77 Bn in 2016 and
expanded at a CAGR of over 13% from 2018-2025.
Moreover, increasing demand for these products in laboratories, cosmetic industry,
beverage industry, and other industrial applications is also expected to drive the
global crystalware and glassware market size over the forecast period. However,
factors such as increasing demand for plastics and ceramics, and availability of
cheap products are expected to restrain growth of the global crystalware and
glassware market.
Market Outlook
Asia Pacific is expected to be the fastest growing region in the global crystalware
and glassware market over the forecast period. This is owing to rising demand for
glassware and crystalware products in emerging economies such as China and
India. Various cheap products from Asia Pacific are imported to developed regions
such as Europe and North America, which is expected to decrease the demand for
glassware and crystalware in these regions in the near future. Therefore, retailers in
these regions are forced to reduce their prices to retain in the crystalware and
glassware market.
Major players operating in the global crystalware and glassware market are largely
focusing on tapping market potential in growing economies. This is expected to drive
growth of the crystalware and glassware market over the forecast period.
Market Players
Key players are adopting various strategies such as new product launches in order
to retain its position in the global crystalware and glassware market. For instance, in
March 2018, Lifetime Brands introduced Farberware Collection, a new sub-brand
that features a curated assortment of kitchen tools, gadgets, cutlery, cutting boards,
and pantryware.
Some of the major players operating in the global crystalware and glassware market
include Oneida Ltd., Lenox Corporation, WMF Wurttembergische Metallwarenfabrik
AG, Lifetime Brands, Inc., WWRD Holdings, Guy Degrenne SA, The Zrike
Company, Inc., The Denby Pottery Company Ltd., Noritake Co., Ltd., Libbey, Inc.,
and Villeroy & Boch AG.
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The global crystalware and glassware market is expected to exhibit a good growth rate over the forecast period (2019-2027).

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