Drinkware Market To Witness Rapid Development

Drinkware Industry

The global drinkware market size is anticipated to reach USD 45.9 billion by 2030 registering a CAGR of 4.1% from 2024 to 2030, according a new report by Grand View Research, Inc. Rising product demand from the hospitality and food service industry and increasing beverage consumption are expected to augment the market growth. Moreover, several initiatives by key companies to introduce products made of eco-friendly materials will contribute to the market development.

Moreover, introduction of innovative and luxurious designs will drive the demand further. To control the harmful effects of plastic drinkware on the environment and health, companies are introducing safe and recyclable drinkware. For instance, TOSSWARE offers Crystal Clarity TOSSWARE®, which is 100% BPA-free, made of highest-quality polymer, and is shatterproof. Glass-based drinkware accounted for the largest share of 31.3% in 2023. Steel is gaining popularity as it is temperature-sensitive, highly durable, and completely recyclable.

Urban Bar introduced a range of steel-based drinkware named, Tiki Barware, which has Hawaiian themed tiki patterns on it. Asia Pacific is expected to be the fastest-growing regional market over the forecasted period. Rapid growth in hospitality industry and increasing consumer disposable income levels are the main factors driving the market growth in this region. For instance, the coffee sales by Cafe Coffee Day increased from 1.6 million cups in 2017 to over 2 million cups in 2018.

Curious about the Drinkware Market, Download your FREE sample copy now and get a sneak peek into the latest insights and trends.

Drinkware Market Segments Highlights:

• The plastic material segment captured the largest market share of 37.5% in terms of revenue in the year 2023.
• The glass material segment accounted for the largest share of the global drinkware market in 2023 and is expected to maintain its dominant position throughout the forecast years.
• The Asia Pacific region held the highest market share of 40.0% in terms of revenue in the year 2023.
• Some of the leading companies in the global market are Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International, and Ocean Glass.

Drinkware Market Report Segmentation

Grand View Research has segmented the global drinkware market report based on product, material, distribution channel, and region:

Drinkware Product Outlook (Revenue, USD Million, 2020 - 2030)

• Glasses
• Cups and Mugs
• Water Bottles
• Tumblers
• Thermoses and Flasks
• Others

Drinkware Material Outlook (Revenue, USD Million, 2020 - 2030)

• Glass
• Silicone
• Plastic
• Metal
• Others

Drinkware Distribution Channel Outlook (Revenue, USD Million, 2020 - 2030)

• Supermarkets and Hypermarkets
• Specialty Stores
• Online/E-commerce
• Others

Drinkware Regional Outlook (Revenue, USD Million, 2020 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • South Africa

Key Drinkware Company Insights

• Tupperware Brands Corporation
• SIGG Switzerland AG, GmbH
• CamelBak Products, LLC
• Klean Kanteen
• Contigo
• Aquasana Inc.
• Steelite International
• Ocean Glass
• Arc International
• AnHui DeLi Glassware

Order a free sample PDF of the Drinkware Market Intelligence Study, published by Grand View Research.