Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Drinkware Market Size is Expected to Grow from USD 31.40 Billion in 2023 to USD 47.78 Billion by 2033, Growing at a CAGR of 4.29% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Drinkware Market Size, Share, and COVID-19 Impact Analysis, By Product (Cups, Mugs, Glasses, and Others), By Material (Steel, Glass, Silicone, Plastic, and Others), By Distribution Channel (Online, Supermarkets/Hypermarkets, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Drinkware is a type of container used to consume tea, wine, juice, beer, coffee, and liquor, among other beverages. Wine, medication, soft drinks, beer, and other beverages can be stored and transported with this device, which comes in a variety of sizes and styles. Industry developments will be driven by consumers' growing preference for items that are easy to use. During trips and camping, drinkware such as bottles, mugs, tumblers, and infusers are used. The market is being driven by the expanding food service and hospitality sectors as well as the growing number of beverage consumers. Manufacturers of drinkware are expanding the market by launching creative and environmentally friendly designer goods. These goods are offered by the many beverage varieties and applications. The market for recyclable items is also being driven by growing awareness of the negative environmental and health implications of plastic drinkware. Manufacturers are launching products made of safe and long-lasting materials, which will ultimately propel the market's expansion. The growth of the drinkware market is being significantly supported by the quick rise in hotels and coffee shops around the world, which is being caused by the expansion of chains such as Café Coffee Day (CCD) and Starbucks. However, a factor impeding market expansion is the product's increasing cost as a result of rising commodities transportation costs.
The glasses segment is expected to hold the largest market share of the global drinkware market through the forecast period.
Based on the product, the drinkware market is categorized into cups, mugs, glasses, and others. Among these, the glasses segment is expected to hold the largest market share of the global drinkware market through the forecast period. This can be attributed to the numerous uses and varieties of glasses that are used worldwide to drink a broad range of liquids. A major factor driving the need for glasses is the growing consumption of a wide range of beverages worldwide, such as wine, beer, spirits, and non-alcoholic drinks. There is a growing demand for specialty and superior glassware as customers look to improve their drinking experiences. According to Nawon, the most popular beverages in the world are beer, wine, whisky, soft drinks, and juices, and the best glasses are for serving and consuming these beverages.
The glass segment is anticipated to hold the highest market share of the global drinkware market through the projected period.
Based on the material, the drinkware market is classified into steel, glass, silicone, plastic, and others. Among these, the glass segment is anticipated to hold the highest market share of the global drinkware market through the projected period. Owing to its portability, safety, and aesthetic appeal. Since it has its non-toxicity, non-reactivity, and ability to maintain the flavor and quality of liquids, glass is the material preferred for drinkware. The hotel and catering sectors, where appearance and quality are crucial, have a particularly strong demand for glass drinkware. Additionally, because glass drinkware is eco-friendly and stylish, customers are choosing it more and more for domestic use. Glass drinkware has become safer and more durable owing to innovations such as tempered and borosilicate glass, which may be used in a wide range of settings.
The supermarkets/hypermarkets segment is estimated to hold the highest market share of the global drinkware market through the forecast period.
Based on the distribution channel, the drinkware market is classified into online, supermarkets/hypermarkets, and others. Among these, the supermarkets/hypermarkets segment is estimated to hold the highest market share of the global drinkware market through the forecast period. Consumer products such as drinkware are bought from supermarkets/hypermarkets by customers due to their availability, low prices, high-quality products, and variety. Customers, especially those who are older, prefer to come inside the store and inspect the merchandise to gain better knowledge.
North America is expected to hold the largest share of the drinkware market through the forecast period.
North America is expected to hold the largest share of the drinkware market through the forecast period. The North American market is expanding due to the popularity of coffee and alcoholic beverages. The demand for branded, premium drinkware has surged due to the expansion of coffee shops and beverage companies such as Tim Hortons and Starbucks. The strong presence of well-established market firms, a focus on health and wellness, and high consumer awareness are the main drivers. With customers indicating a desire for high-end and environmentally friendly drinkware products, the US and Canada are major contributors to the region's market growth. The extensive use of e-commerce and the region's sophisticated retail infrastructure both contribute to market expansion.
Asia Pacific is predicted to grow at the fastest CAGR of the drinkware market over the forecast period. The market for drinkware is being impacted by changes in beverage consumption behaviors that are both traditional and cultural. The need for specialty drinkware goods is being driven by the growing popularity of tea, coffee, and other beverages in the Asia Pacific area. Drinkware design and material innovations are making products more appealing. Modern drinkware with features such as better insulation, spill-proof designs, and ergonomic shapes is more useful and appealing to consumers, which is driving market expansion in the region. Additionally, there are a lot more hotels, bars, and restaurants available. The market for drinkware has also been significantly impacted by the growing trend of seasonal beverage consumption.
Competitive Analysis
Major key players in the drinkware market include SIGG Switzerland AG, Aquasana Inc., Tupperware Brands Corporation, Contigo, GmbH, CamelBak Products, LLC, Klean Kanteen, Steelite International, Ocean Glass, Arc International, AnHui DeLi Glassware, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the drinkware market based on the below-mentioned segments:
Global Drinkware Market, By Product
Global Drinkware Market, By Material
Global Drinkware Market, By Distribution Channel
Global Drinkware Market, By Regional Analysis
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