Global Glass Tableware Market 2019-2023
About this market
Launch of smartphone-based applications by vendors to drive market growth. Smartphone applications are becoming a powerful medium to deliver information to consumers. As these applications provide a better customer interface and extensive information about products. it leads to enhanced consumer experience and creates a factor of differentiation about the brand. As there are different varieties of glass tableware provided by the same vendors, mobile applications enable professionals in the hotel and catering industry as well as other end-users in the market to access technical information and performance values related to the vendor's products easily and quickly. Technavio’s analysts have predicted that the glass tableware market will register a CAGR of over 3% by 2023.
Benefits offered by glass dishes
Glass has no pores, whether in a transparent, matte, or colored form. As glassware does not have micro-organisms retained, it eliminates the possibility of the emergence of bacteria. Therefore, glass is more hygienic compared with plastic. This has led to health-conscious consumers to opt for glass tableware over plastic tableware.
Increasing availability of counterfeit products
Counterfeiting is a global phenomenon, which is becoming more widespread due to various factors such as inefficient supply chain and lack of stringent legislation to prevent counterfeiting. Counterfeit products do not always have the same quality as the original products. This poses issues in terms of performance as well as safety for consumers.
For the detailed list of factors that will drive and challenge the growth of the glass tableware market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Ocean Glass and Sisecam Group the competitive environment is quite intense. Factors such as the launch of smartphone-based applications by vendors and the benefits offered by glass dishes, will provide considerable growth opportunities to glass tableware manufactures. Arc Holdings, LaOpala RG, Libbey, Ocean Glass, and Sisecam Group are some of the major companies covered in this report.
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