As the beverage industry is rapidly growing, the demand for drinkware is also escalating. Customers in Europe, North America, and South America are very much specific about their requirements for drinkware. Every year new beverage products are being launched. Other than that customer’s preference for ordering drinks and beverages online has positively impacted the drinkware market.
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Data Bridge Market Research analyses that Europe, North America, and South America Drinkware Market is expected to grow at a CAGR of 5.4% in the forecast period of 2023 to 2030 and is expected to reach USD 4,009,083.65 thousand by 2030.
Key Findings of the Study
Increasing Prevalence of Pubs, Bars, Nightclubs, and Other Beverage Based Gastronomy Locations
The rising demand for the increasing prevalence of pubs, bars, nightclubs, and other beverage-based gastronomy locations is expected to drive the demand for fine fragrances in the near future.
In addition, moreover, the increasing spending on luxurious lifestyles is also impacting the growth of the market positively.
Europe has one of the best nightlife, as it offers cheap hostels, plenty of food, beverages, and transport. Furthermore, the increasing spending on luxurious lifestyles is also impacting the growth of the market positively.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Product (Wine Glass, Beer Glass, Everyday Glass, Cocktail Glass, Spirit Glass, Others), Material (Polymer/Plastic, Metal, Glass, Silicone, Ceramic, Porcelain/Stoneware), Application (Domestic, Commercial), Distribution Channel (B2B, E-Commerce, Supermarkets/Hypermarkets, Specialized Stores, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Spain, Italy, Netherlands, Russia, Turkey, Belgium, Switzerland, Rest of Europe
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Market Players Covered
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ROLF GLASS (U.S.), Tiroler Glashütte GmbH (Austria), CUMBRIA CRYSTAL (U.K.), Villeroy & Boch AG (Germany), Fiskars Group (Finland), Degrenne (France), Bormioli Rocco S.p.A. (Italy), Lenox Corporation (U.S.), The Zrike Company (U.S.), Libbey (U.S.), Duralex (France), Garbo Glassware (China), Cristar (Colombia), Lifetime Brands, Inc. (U.S.), Group SEB (France) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The Europe, North America, and South America drinkware market is segmented on the basis of product, application, material, and distribution channel.
- In 2023, the beer glass segment is expected to dominate the Europe, North America, and South America drinkware market.
In 2023, the beer glass segment is expected to dominate the Europe, North America, and South America drinkware market due to large consumption and the growing popularity of beer among consumers.
- On the basis of product, the market is segmented into a wine glass, beer glass, everyday glass, cocktail glass, spirit glass, and others. In 2023, the beer glass segment is expected to dominate with a 38.54% market share.
- On the basis of material, the market is segmented into polymer/plastic, metal, glass, silicone, ceramic, and porcelain/stoneware. In 2023, the glass segment is expected to dominate the market with a 79.20% market share.
- In 2023, the commercial segment is expected to dominate the Europe, North America, and South America drinkware market.
In 2023, the commercial segment is expected to dominate the the Europe, North America, and South America drinkware market due to rising demand for various home furnishing applications.
- On the basis of application, the market is segmented into domestic and commercial. In 2023, the commercial segment is expected to dominate the market with a 64.20% market share.
- On the basis of the distribution channel, the market is segmented into B2B, e-commerce, supermarkets/hypermarkets, specialized stores, and others. In 2023, the B2B segment is expected to dominate the market with a 56.52% market share.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in Europe, North America, and South America drinkware market are ROLF GLASS (U.S.), Tiroler Glashütte GmbH (Austria), CUMBRIA CRYSTAL (U.K.), Villeroy & Boch AG (Germany), Fiskars Group (Finland), Degrenne (France), Bormioli Rocco S.p.A. (Italy), Lenox Corporation (U.S.), The Zrike Company (U.S.), Libbey (U.S.), Duralex (France), Garbo Glassware (China), Cristar (Colombia), Lifetime Brands, Inc. (U.S.), Group SEB (France) among others.
Market Development
- In July 2022, Libbey Glass LLC, one of the world's major glass tableware producers, constructed a new distribution center in Fort Worth, Texas, covering 605,000 square feet. To better serve customers, the new distribution center will optimize the company's distribution network through greater logistic capabilities.
- In 2022, RIEDEL has introduced its new collections. It includes RIEDEL Veloce and RIEDEL Wine Friendly. Veloce is more about style and technology, whereas the RIEDEL Wine Friendly collection has more easy-to-use glasses, functional for occasional wine drinkers. Both these collections will add up to the product application in different sectors.
- In December 2021, Degrenne launched its latest tableware collection called SUPERNATURE. It is a simple, pure, and natural-looking cutlery range. It is a better choice for customers seeking smooth & sleek design, who enjoys simplicity with standard. This has helped the company grow its revenue.
- In May 2015, Fiskars Corporation announced the acquisition of the WWRD Group completely and extended its portfolio to luxurious home and lifestyle brands. It has given Fiskars Group a new team with fresh and innovative ideas to design more functional and stylish finished goods.
Regional Analysis
Geographically, the countries covered in Europe, North America, and South America drinkware market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Spain, Italy, Netherlands, Russia, Turkey, Belgium, Switzerland, Rest of Europe.
As per Data Bridge Market Research analysis:
Europe is the dominant region in Europe, North America, and South America drinkware market during the forecast period 2023 - 2030
Germany is expected to dominate the Europe, North America, and South America drinkware market owing to the increasing demand and consumption of alcoholic as well as non-alcoholic beverages in the country.
Germany is estimated to be the fastest growing region in Europe, North America, and South America drinkware market in the forecast period 2023 - 2030
Germany is expected to grow during the forecast period due to the presence of emerging economies in this region. In addition to this, the rising level of increasing per-capita income is expected to propel the market's growth rate in this region.
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