Rising disposable incomes and changing lifestyles in developing countries, demand for premium glassware products from the hospitality industry are factors driving the global glassware market in the forecast period 2024-2028.
In accordance with a TechSci Research report titled "Global Glassware Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the worldwide Glassware Market attained a value of USD 15.4 billion in 2022 and is expected to exhibit a Compound Annual Growth Rate (CAGR) of 5.57% during the forecast period from 2024 to 2028. The glassware market is a diverse and dynamic sector that has been an integral part of human civilization for centuries. Ranging from everyday glassware in households to specialized laboratory glassware and exquisite decorative pieces, glassware serves a broad spectrum of purposes. This sector has undergone significant evolution over the years, driven by factors such as technological advancements, changing consumer preferences, environmental consciousness, and economic trends.
The growth of the global glassware market in the forecast period is expected to be propelled by increased investment levels in the hotel and catering industry. Changes in consumer lifestyles are also anticipated to be a driving factor during the forecast period of 2023-2030. Furthermore, advancements in glassware production technologies are likely to create growth opportunities for the glassware market in the future.
Browse over 26 market data Figures spread through 189 Pages and an in-depth TOC on "Glassware Market”
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Glassware is widely used in the food and beverage industry, encompassing restaurants and bars, as well as bottles, containers, and other glassware types. The demand for glassware in this sector is expected to rise as the global population continues to expand, and consumer preferences shift toward environmentally friendly and visually appealing packaging. The hospitality and tourism industries rely heavily on glassware for serving beverages, meals, and various other purposes. The expansion of these industries, particularly in emerging economies, is fueling the demand for glassware products. High-quality, customizable glass products are gaining popularity, providing manufacturers with opportunities to cater to discerning consumers and businesses by offering high-end, handcrafted glassware with unique designs, custom engraving, or personalized branding options. As environmental concerns continue to mount, glassware manufacturers can focus on marketing their products as eco-friendly alternatives to plastic and disposable packaging. Companies can invest in sustainable manufacturing practices, such as using recycled glass and reducing energy consumption, to appeal to environmentally conscious consumers.
With the growing demand for glassware, manufacturers are focusing on research and development to offer customers glassware that is both cost-effective and durable. Through continuous technical innovation, research and technology are being refined to provide more durable yet cleaner products and more efficient manufacturing processes. Company research and design teams are working on enhancing product features by creating contemporary shapes, colors, and functionalities that attract consumers to their products. As a result of ongoing trends in the glassware market, manufacturers are expected to have opportunities in the coming years. Teams of researchers are engaged in various projects, ranging from studying fundamental materials to developing finished products with a long-term focus on sustainability. Technical innovations in glassware production are anticipated to create opportunities for manufacturers during the forecast period for the glassware market.
The Global Glassware Market is categorized based on type, application, material, distribution channel, regional distribution, and companies.
- Regarding material, the Soda Lime Glass segment held the largest market share in terms of revenue in 2022, as it is widely used in glassware production. Soda lime glass is known for its greenish tinge, from which it derives its name. It is cost-effective and transparent float glass.
- In terms of type, the glassware market includes teacups, coffee mugs, wine glasses, everyday glasses, spirit glasses, beer mugs, pitchers, glass jars, and other categories. The glass jars segment dominated the market size in 2022 and is expected to continue its dominance during the forecast period. Glass jars are commonly used for storing beverages and food, and they are typically made from crystal and soda lime glass materials, which provide strength to the glass jars.
- In 2022, Asia-Pacific held the largest market share and market size, experiencing a significant increase in glassware sales to end-users. This was driven by rising disposable income and lifestyle changes in developing countries such as China and India.
Major companies operating in Global Glassware Market are:
· Garbo Glassware
· Shandong Huapeng Glass Co., Ltd.
· Libbey Glass LLC
· Lifetime Brands, Inc
· Anhui Deli daily Glass Co., Ltd
· Lenox Corporation
· Ocean Glass Public Company Limited
· Steelite International
· Degrenne,
· Sisecam
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Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm, stated, "The glassware market has experienced consistent growth, driven by factors like increased consumer awareness of sustainability, the rising demand for health-conscious products, and a surge in customization options. As consumers seek eco-friendly and personalized solutions, manufacturers are innovating and expanding their product lines. Additionally, the integration of technology into glassware has opened up new avenues for growth, making the industry more dynamic and diverse. Overall, the glassware market's promising trajectory reflects its adaptability to evolving consumer trends and preferences."
The report titled "Glassware Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Tea Cup, Coffee Mug, Wine Glass, Everyday Glass, Spirit Glass, Beer Mug, Pitchers, Glass Jars, Others), By Application (Households, HoReCa, Corporate Canteens, Others), By Material (Soda Lime Glass, Crystal Glass, Borosilicate Glass, Heat Resistant Glass), By Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028," has evaluated the future growth potential of the Global Glassware Market and provides statistics and information on market size, structure, and future market growth. The report aims to provide cutting-edge market intelligence to assist decision-makers in making sound investment decisions. Additionally, the report identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities in the Global Glassware Market.
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Mar 12, 2020: The global Home Infusion Therapy market size is expected to reach USD 41.6 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.3% over the forecast period.
Home infusion therapy is considered an alternative to an extended stay in hospitals or nursing homes for patients suffering from chronic diseases.
In October 2019, the Centers for Medicare & Medicaid Services issued a rule stating that all home infusion therapy payments will get covered under the Bipartisan Budget Act of 2018.
In February 2018, the Bipartisan Budget Act of 2018 was signed into a law which states that all temporary payments of home infusion therapy in U.S. will be covered by the government in accordance with this regulation.
This creates the need to infuse nutritional products that contain glutamine, phospholipids, glucose, and amino acids while administering medication to patients, which, in turn, is expected to boost the market growth in this region.Technological developments in home infusion therapy devices are also anticipated to make therapy more convenient and user-friendly for patients.
This app will help patients to safely administer the medicine as per the requirements.Further key findings from the report suggest:Infusion pumps emerged as the largest product segment in 2019 owing to increasing use of delivery fluids such as nutrients and medicationsThe needleless connectors segment is projected to register the highest CAGR over the forecast period as they offer advantages such as improved safetyThe anti-infective segment dominated the home infusion therapy market in 2019, as a large number of procedures are performed during the administration of medication such as antibiotics and antifungalsNorth America dominated the global market in 2019.
The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.Market Size – USD 6.38 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.The global Textile Dyes Market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data.
Fabrics are dyed either by using dying solution or by printing, using dye pastes.The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market.
Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1848Top Leaders Operating in the Market are:Archroma,Tanatex Dyes,Vipul organics Ltd,DyStar Singapore Private Ltd,Zhejiang Runtu Co. Ltd.,Jihua Group,A Robama,Organic Dyes and Pigments,Huntsman International LLC,and Kiri Industries Ltd,among others.Textile Dyes Market Segmentation:Based on Product Type:CottonViscoseWoolNylonPolyesterAcrylicOthersBased on Application:ApparelsHome TextileIndustrial TextileOtherRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/1848The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities.
The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more.
The report provides a comprehensive overview of the competitive landscape and regional spread.The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.Regional Analysis Covers:North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/textile-dyes-marketFurther key findings from the report suggestThe polyester segment accounts for a market share of 13.9% in the year 2018.
Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum.
FEB 27, 2020: The global Machine Learning market size is expected to reach USD 96.7 billion by 2025, according to a new report by Radiant Insights, Inc.
In case of businesses, the use of ML models that are open source and have a standards-based structure has increased in recent years.
These models can be easily deployed in various business programs and can help companies bridge the skills gap between IT programmers and information scientists.
Developments such as fine-tuned personalization, hyper-targeting, searching engine optimization, no-code environment, self-learning bots, and others are projected to change the machine learning landscape.
The development of capsule network has replaced neural networks in order to provide more accuracy in pattern detection, with fewer errors.
These advanced developments are anticipated to proliferate market growth in the foreseeable future.Further key findings from the report suggest:The emergence of connected AI is expected to enable ML algorithms to learn continuously based on newly available information.
The global north country auto glass market size is projected to reach USD 27.75 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period.
Robust logistics infrastructure in developed nations will be a key factor fueling the growth of this market, infers Fortune Business Insights™ in its report, titled “Automotive Glass Market Size, Share, and Industry Analysis, By Glass Type (Tempered, Laminated), By Application (Windshield, Sidelite, Backlite, Sunroof), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), and Regional Forecast, 2019-2026”.
Competitive LandscapeEnhancement in Production Capacity to Stir Competitive EnergiesThe automotive glass market analysis reveals that raising production capabilities by key companies will be the prominent feature of competition in this market.
These activities are aiding competitors to expand in foreign territories and penetrate untapped regions and countries, the analysis observes.List of Companies Covered in the Report:Guardian Glass LLCNippon Sheet Glass Co. LtdAGC Inc.Saint-Gobain SekuritMagna International Inc.Xinyi Glass Holdings LimitedFuyao Glass Industry Group Co. LtdMarket DriverBooming Demand for Electric Vehicles to Accelerate Market GrowthStaggering air pollution levels have led to a dramatic shift in consumer preference from conventional to electric vehicles (EVs) in the past decade.
Of these, nearly 45% are on road in China, the IEA further notes.
The IEA also projects that up till 2030, the year-on-year increase in the global EV stock will be 44 million.
The data included in this Plastic Antioxidant Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Plastic Antioxidant Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Few of the leading organizations’ names are listed here- BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company The global plastic antioxidant market is expected to reach USD 2.39 billion by 2025, from USD 1.68 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025.Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-plastic-antioxidant-marketMarket Definition: Global Plastic Antioxidant Market Plastic antioxidants are a class of material which protect plastics from thermally and chemically induced oxidation.
Antioxidants have various physical properties such as excellent tensile strength and anti-ageing with impact resistance.
Owing to various physical properties they are used in various applications such as aerospace, automotive, coil, petrochemicals, and others Market Segmentation:The global plastic antioxidant market is segmented based on reins, antioxidant type, application, and geographical segments.Based on resin, the global plastic antioxidant market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and other polymer resins.On the basis of antioxidant type, the global plastic antioxidant market is classified into phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and other antioxidantBased on geography, the global plastic antioxidant market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among otherTop Manufacturers Covered in the Report: Some of the major players operating in the global plastic antioxidant market are – BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company, Omnova Solutions Inc., Oxiris Chemicals S.A., Rifra Masterbatches S.P.A., Wells Plastics Ltd, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co. Focal points covered in this Plastic Antioxidant Market reportThis Plastic Antioxidant Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Looking forward, IMARC Group expects the market to reach a value of US$ 3.6 Billion by 2026.
