Market Analysis: Global Beer Glassware Market
Beer glassware market is expected to rise to an estimated value of USD 498.00 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. Increasing volume of preferences for conducting house parties resulting in greater demand for glassware for serving beverages is expected to result in this market expansion.
Market Definition: Global Beer Glassware Market
Beer glassware are defined as the different varieties of drinking vessels produced from different varieties of glass, produced from different glass manufacturing methods. These vessels are designed to promote the taste, appeal and fragrances. These glasses are specially designed to enhance the features of beer while improving the handling of glassware and keeping the beer colder for a longer period of time.
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Market Drivers:
• High growth associated with the consumption of craft beer; this factor is expected to result in healthy market growth
• Growing prevalence of alcohol serving restaurants, pubs and bars worldwide is another factor boosting the growth of this market
• Increasing prevalence of after-work drinking preferences also acts as a market driver
• Innovations and introduction of new flavours and designing for beer and beer glassware respectively also enhances the market growth
Market Restraints:
• Complications associated with glassware such as their fragile nature and large weight is expected to hinder the market growth
• Growing awareness regarding the negative impacts associated with alcohol consumption will restrict the market growth
Segmentation: Global Beer Glassware Market
By Product
• Mugs
• Pints
• Pilsner
• Weizen
• Connoisseur’s Glassware
• Snifters
• Taster Glasses
• Plastics
• Others
By Application
• Household
• Commercial
By Distribution Channel
• Offline
• Online
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Sweden
o Poland
o Denmark
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Turkey
o Russia
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o South Korea
o New Zealand
o Vietnam
o Australia
o Singapore
o Malaysia
o Thailand
o Indonesia
o Philippines
o Rest of Asia-Pacific
• South America
o Brazil
o Argentina
o Rest of South America
• Middle East and Africa
o UAE
o Saudi Arabia
o Oman
o Qatar
o Kuwait
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In May 2019, Carling announced the availability of innovative glassware for pubs, bars and breweries. The innovations included in the glasses include having embossed lettering resulting in better grip, along with having vertical grooves, thinner bottom to improve the handling of glasses
• In April 2019, Cobra Beer announced that they had upgraded their branding for their products including its packaging, dispensers and glassware for the U.K. region. The upgraded designs and look would be available in the various outlets and this strategy is an investment of around approximately 1.2 million GBP
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Competitive Analysis:
Global beer glassware market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of beer glassware market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global beer glassware market are Libbey Inc.; Arc International; Bormioli Rocco S.p.A.; Corelle Brands LLC; The Oneida Group; Bayerische Glaswerke GmbH; Shanxi Dahua Glass Industrial Co., Ltd.; The Boelter Companies; Duralex USA; Ocean Glass Public Company Limited; Şişecam Group; City Glass; WELL TOLD; Mo' Money Associates; ISHIZUKA GLASS CO., LTD.; Shandong Huapeng Glass Co., Ltd.; RONA; Owens-Illinois among others.
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