by The United Kingdom glass tableware market comprises glass products such as drinking glasses, bottles, jars used for commercial and household purposes. Glass tableware provides durability, safety and sustainability advantages over other materials. Made from natural ingredients through the recycling process, glass tableware is 100% recyclable and reusable, making it an eco-friendly choice.
The Global United Kingdom Glass Tableware Market Size is estimated to be valued at US$ 600.6 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the United Kingdom glass tableware are Berlin Packaging, Ardagh Packaging Group PL, Owens-illinois Inc., Origin Pharma Packaging, Vidrala SA and Among Others.
The key opportunities in the market include growing demand for sustainable packaging from food and beverage industry and rising popularity of glass tableware products through e-commerce platforms. Furthermore, glass tableware manufacturers are focusing on expanding their product portfolio by introducing innovative and aesthetically appealing designs to cater to changing consumer preferences.
The United Kingdom glass tableware market is also witnessing significant growth opportunities through global expansion strategies adopted by major players. Manufacturers are investing in developing economies to leverage low-cost production facilities and cater to the rising demand from developing nations in Asia Pacific and Middle East & Africa regions.
Market Drivers
The rising demand for sustainable packaging solutions from various end-use industries such as food and beverage, cosmetics, and pharmaceuticals is expected to drive the United Kingdom glass tableware market over the forecast period. Glass being completely recyclable satisfies the increasing need for eco-friendly alternatives. Furthermore, glass does not leach harmful chemicals or contaminate the product packed inside. This makes it a safe and natural option for various products.
PEST Analysis
Political:The Brexit deal could impact trade between the UK and EU leading to tariffs and increased costs.
Economic: A slow economic growth in the UK may impact consumer spending on non-essential items like glass tableware.
Social: Changing lifestyle and eating habits are increasing the demand for single-use and disposable tableware over durable glassware.
Technological: Advancements in glass molding technologies allow manufacturers to produce designer and customized glass tableware at lower costs.
The United Kingdom glass tableware market is concentrated majorly in England followed by Scotland and Wales in terms of value. England dominates with over 50% market share due to the large population and highest per capita income compared to other regions in the UK. London being the capital and financial hub attracts many foreign companies helping glassware manufacturers to expand their customer base.
The glass tableware market in the UK is projected to grow fastest in Northern Ireland between 2024-2031. The improving economic conditions and rising disposable incomes are increasing consumer spending on home decor and dinnerware in Northern Ireland. Furthermore, the tourism industry in Northern Ireland is growing at a steady pace driving the demand for premium glass tableware in hotels and restaurants. The attractive government subsidies for new businesses also encourage overseas manufacturers to set up production plants in Northern Ireland.
What Are The Key Data Covered In This United Kingdom Glass Tableware Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United Kingdom Glass Tableware’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United Kingdom Glass Tableware and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United Kingdom Glass Tableware Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United Kingdom Glass Tableware vendors
FAQ’s
Q.1 What are the main factors influencing the United Kingdom Glass Tableware?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United Kingdom Glass Tableware companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United Kingdom Glass Tableware’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
