by The United Kingdom glass tableware market comprises glass containers like glass bottles, glass jars, glass vials and ampoules that are majorly used in food and beverage packaging and pharmaceutical packaging applications. Glass being 100% recyclable with infinite recyclability makes it a sustainable packaging material. Glass tableware provides excellent barrier properties against oxygen, moisture, dust and light with superior clarity and ability to retain product aroma and freshness.
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. Key players are focusing on expanding their production capacity and product portfolio to cater to the rising demand.
The demand for glass tableware is increasing in the food and beverage industry for packaging products like beer, juices, sauces and condiments. Glass being a premium packaging material helps premium food and beverage brands to showcase their products.
The United Kingdom glass tableware market is witnessing expansion in overseas markets with growth in export. Major players are establishing manufacturing facilities in developing countries in Asia Pacific and Middle East & Africa to leverage low cost manufacturing and tap into fast growing regional markets.
Market Key Trends
One of the key trends observed in the United Kingdom glass tableware market is increasing preference for heat resistant glass. Manufacturers are developing borosilicate glass and tempered glass tableware products that can withstand higher temperatures required for microwave and dishwasher. This offers added convenience to customers.
Porter’s Analysis
Threat Of New Entrants: Low barrier for entry but established players have economies of scale and brand loyalty.
Bargaining Power Of Buyers: Large retail chains can negotiate lower prices but buyers have limited influence overall due to no substitute products available.
Bargaining Power Of Suppliers: Few global suppliers exist with proprietary production process resulting in higher supplier power.
Threat Of New Substitutes: No viable substitutes currently available thus threat is low.
Competitive Rivalry: Intense competition on pricing and innovation between large multinational corporations.
Geographical Markets in Terms of Value
The United States market accounts for the largest share in value terms due to high demand from food & beverage industry and commercial establishments. North America region dominates over 40% of the global glass tableware market owing to changing lifestyle and increase in number of casual dining restaurants.
Fastest Growing Geographical Region
The Asia Pacific region excluding Japan is expected to be the fastest growing market during the forecast period. Countries like China, India and other Southeast Asian countries are witnessing rapid economic growth and rising disposable incomes leading to higher demand for glass tableware from residential and commercial users. Increased urbanization and western influence on food consumption habits is further driving the market growth.
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
