Transparency market research has announced the addition of the “ Opalware Dinnerware and Crockery Market - Global Industry Analysis, Size, Share, Growth, Trends, Forecast 2016 - 2024" report to their offering.
Albany, NY -- (SBWIRE) -- 10/13/2017 -- Opal glass is opalescent or white – a characteristic achieved by the addition of fluorides. Opalware products are gaining acceptance among consumers in recent times, owing to their massively transitioning lifestyles. Demand for opalware dinnerware and crockery is expected to witness a dramatic surge during the forecast period.
The market for opalware products is majorly driven by the booming hotel industry. Opalware dinnerware and crockery are extensively required in premium hotels. In recent times, hotels falling in the 3 and 4 star category have also been adopting opalware products owing to their aesthetic quality and appealing form. These products are also widely used in premium restaurants. Household applications of opalware products are abundant in developed regions such as North America and Europe. However, demand for them is likely to steadily expand to developing regions such as Asia Pacific during the forecast period. This rising need for these products is primarily fuelled by the changing lifestyles of consumers, which is also backed by their increased purchasing power.
However, the high prices of these products are currently restraining consumers belonging to the middle to low income groups from buying them. These consumers look for cheaper alternatives and make do with them, which is one of the key challenges faced by the market. Furthermore, the durability of their material is another factor impeding their growth. Opalware products are extremely durable, which leads to loss in terms of repeat purchases, which becomes another hindrance for the market. Besides, availability of cheaper alternatives in the market plays a significant role as well. Nonetheless, increased penetration by major companies is anticipated to create suitable opportunities for the opalware dinnerware and crockery market in the future.
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The market has been classified on the basis of product types into the following categories: cups & saucers, coffee & tea sets, plates, and dinner sets – the latter are highly popular among all these types. Based on distribution channel, the market is divided into the following varieties: supermarkets & hypermarkets, departmental stores, convenience stores, and online stores, of which the former is the dominant segment.
North America and Europe are major markets for opalware dinnerware and crockery products, owing to the vast number of international hotels and premium restaurants existing in these regions and the substantial purchasing power of consumers. Demand for opalware products is low in Asia Pacific owing to limited market penetration and weak purchasing power of the consumers in this region. However, this scenario is poised to change. The market in the Middle East is also feeble, although demand for these products is moderately high in countries such as the U.A.E and Qatar. Unfortunately, the overall poor economic conditions in other countries such as Iraq is limiting the expansion of this market.
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World Kitchen LLC is a dominant player in the field of the opalware dinnerware and crockery with several brands operating under this label. LaOpala R.G. Ltd. is another major player. Other prominent vendors include Murrina France, Arc International, Pasabasche, Bormoili Rocco, and Libbey Inc.