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Market Overview of Global Wine Glass market:
According to our latest research, the global Wine Glass market looks promising in the next 5 years. As of 2022, the global Wine Glass market was estimated at USD 1135.31 million, and it's anticipated to reach USD 1496.43 million in 2028, with a CAGR of 4.71% during the forecast years.
Wine Glasses is a type of glass that is used to drink and taste wine. Most wine glasses are stemware, that is they are goblets composed of three parts: the bowl, stem, and foot.
Market Challenges
The most important component of glass is ordinary sand, which is an effective decomposition of quartz. Lime and soda ash are the most common companions for sand. These three components combine to form the so-called soda lime silica glass, which is the basis of the modern glass industry. Usually contains small amounts of other modifiers, usually metal oxides. Their precise ratio will affect the final color and physical properties of the glass. Lead oxide is the most common additive in history; it increases the hardness of the glass, making it more suitable for etching and engraving. It also increases the refractive index - that is, it adds flash. Boron oxide is used in the bakery industry to increase the resistance of glass to temperature changes, iron oxide can be used to increase heat absorption (for example, for film projectors), and other metal oxides can be used to increase color. The glass manufacturing process requires many precise steps, which will become one of the challenges of its manufacturing.
Major wine brands pay thousands of dollars a year to partner with corporate restaurants. Partnerships are decided at an executive level, wherein the individual restaurants in the chain have limited, and in some cases, no control over their wine lists.
Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.
Company Overview:
The top three companies are Riedel, Libbey, SchottZwiesel with the revenue market share of 10.54%, 7.33%, 6.59% in 2018.
Riedel Tiroler Glashutte GmbH manufactures wine glasses. It offers glass collections, decanters, tasting sets, value packs, accessories, and restaurant collections, as well as rental glassware for various events in restaurants. The company sells its products through distributors in Europe, Africa, Asia, Oceania, North America, and South and Latin America, as well as an online store.
Libbey Inc. designs, manufactures, and markets glass tableware, which is used by foodservice, industrial, premium, and retail customers around the world. The Company also provides ceramic dinnerware and metal flatware to foodservice users in the United States. In addition, Libbey is the exclusive distributor of Vitrocrisa glass tableware products in the United States and Canada.
Segmentation Overview:
Among different product types, Red Wine Glasses segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Household segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Wine Glass market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Wine Glass Market Report:
Market Size Estimates: Wine Glass market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Wine Glass market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Wine Glass market
Segment Market Analysis: Wine Glass market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Wine Glass market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Wine Glass Market: Revenue and sales volume of major countries in each region
Wine Glass Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Wine Glass market in major regions.
Wine Glass Industry Value Chain: Wine Glass market raw materials & suppliers, manufacturing process, distributors, downstream customers
Wine Glass Industry News, Policies & Regulations
Key players in the global Wine Glass market are covered in Chapter 12:
Ocean
Zalto Denk'Art Universal Glass
Luminarc
Sisecam
SchottZwiesel
RONA
Riedel
Bormioli Rocco
Others
Libbey
Baccarat
In Chapter 2 and Chapter 15.1, based on types, the Wine Glass market from 2018 to 2028 is primarily split into:
Red Wine Glasses
White Wine Glasses
Champagne Flutes
Sherry Glass
Other
In Chapter 3 and Chapter 15.2, based on applications, the Wine Glass market from 2018 to 2028 covers:
Household
Hotel
Bar
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Wine Glass market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028