Glassware and Drink Ware Market Scope
Drink ware, beverage ware, and bar ware are general terms for the class of vessels from which people drink. It includes stemware, or glasses that stand on stems. Drink ware made from glass is also called glassware. Throughout history, glass has paid a major role in shaping lives, propelling economies and advancing civilization. The designs are created according to the application they are used for that are striking yet simple, perfectly balancing proportion, form and function. Most innovative technology is used in order to make sure the glasses are reliable and durable.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Arc International (France), AnHui DeLi Glassware (China), Libbey (United States), Pasabache (Turkey), Bormioli Rocco (Italy), The Oneida Group (United States), Steelite International (United Kingdom) and Ocean Glass. (Thailand) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Glassware and Drink Ware market throughout the predicted period.
Arc International (France), AnHui DeLi Glassware (China), Libbey (United States), Pasabache (Turkey), Bormioli Rocco (Italy), The Oneida Group (United States), Steelite International (United Kingdom) and Ocean Glass. (Thailand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Thermos (United States), AMCOR (Australia) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Glassware and Drink Ware market by Type , by Application (Glass, Stainless Steel, Ceramic, Polymer and Other) and Region with country level break-up.
On the basis of geography, the market of Glassware and Drink Ware has been segmented into
. region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2022, Arc UK, a subsidiary of Arc France, is acquired Arc International Tableware. strengthening its position as a major brand in the foodservice market for professional glassware.
In June 2022, Serein Decor has launched a collection of stunning drinkware that adds subtle glamour to your evenings with its unique shape and rosy hue. The Roseate drinking glasses, along with the beautiful Roseate carafe are perfect to make any event special.
Influencing Trend:
Advanced Techniques Are Increasingly Being Used To Obtain the Better Quality and Aesthetically Appealing Glassware and Increasing Use for Home Decor
Market Growth Drivers:
Increasing Use in the Hospitality Sector
Restraints:
Alternatives Such As Steel Glasses, And Disposable Cups Is Hindering The Market Growth. and Higher Cost of Packaging than Normal Products
Opportunities:
Growth Opportunity For This Market Is Increase In Beverage Consumption and Growing Hotel And Catering Industries
Key Target Audience
Manufacturers Glassware & Drink Ware, Suppliers Glassware & Drink Ware, Wholesalers, Distributors and Retailers Glassware & Drink Ware, End-User and Others