Market Synopsis
The global Glass Tableware is primarily driven by rising living standards across the globe and also with the increase in disposable income of people all around the world. Increase in internet penetration in countries all around, boosting the e-commerce business, which is giving users access to a whole variety of products online and also offers easy deliveries at the doorstep.
The rising innovation and the increasing demand for glass tableware products by people will also drive the market for Glass Tableware in the forecast period. Companies are continually working on the innovation of glass tableware and are catering to the needs of people by new launches in this line.
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Market Dynamics
For instance, Cobra launched innovative Smooth Pour glassware, developed with Karmarama in 2017, which, along with a unique font for bars, is a breakthrough in pouring technology. The glass has a unique channel in the interior fascia allowing the liquid to flow smoothly around the glass to the base, creating a whirlpool effect.However, the availability of counterfeit products and also due to the presence of a highly unorganized market is hampering the growth of Glass Tableware.
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Segment Analysis
By Distribution Channel, the global Glass Tableware market is segmented into Online distribution channels and offline distribution channels. Offline distribution channel has the dominant position in the Glass Tableware market due to the rising supermarkets and hypermarkets giving easy access to consumers all around the world. Although with the e-commerce rise, the online distribution channels market share will witness a higher growth rate in the forecast period.
Competitive Landscape
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Glass Tableware is a competitive market with the presence of various global and regional players in the market. The major players in the market include Arc Holdings, LaOpala RG, Libbey, Ocean Glass, and Sisecam Group. Other key players in the market include Lenox Corporation, World Kitchen LLC, Anchor Hocking LLC, Kavalier Glass A.S., and Borosil Glass Works Ltd.
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