Global Wine Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wine Glass Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 Overview:

The latest research study on the global Wine Glass market finds that the global Wine Glass market reached a value of USD 1135.31 million in 2022. It’s expected that the market will achieve USD 1496.43 million by 2028, exhibiting a CAGR of 4.71% during the forecast period.

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.

Key Companies in the global Wine Glass market covered in Chapter 3:

Bormioli Rocco
Luminarc
Sisecam
Ocean
Zalto Denk'Art Universal Glass
Riedel
RONA
Libbey
Others
SchottZwiesel
Baccarat

In Chapter 4 and Chapter 14.2, on the basis of types, the Wine Glass market from 2018 to 2029 is primarily split into:

Red Wine Glasses
White Wine Glasses
Champagne Flutes
Sherry Glass
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wine Glass market from 2018 to 2029 covers:

Household
Hotel
Bar
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)