Lucintel's latest market report analyzed that glassware provides attractive opportunities in the commercial and personal markets. The glassware market is expected to reach $8.0 billion by 2028 with a CAGR of 2.8%. In this market, everyday glasses is the largest segment by product type, whereas commercial is largest by end use industry.
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Based on product type, the glassware market is segmented into wine glasses, beer glasses, coffee mugs and tea cups, everyday glasses, cocktail, spirit, and others. The everyday glasses segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its multipurpose and versatile use for households.
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The Glassware Market is marked by the presence of several big and small players. Some of the prominent players offering glassware include Anchor Hocking, Anhui Deli daily Glasses, Arc Online, Borosil, and Degrenne.
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