Drinkware Market Size, Share & Trends Report

Drinkware Market Size, Share & Trends Analysis Report By Material Type (Glass, Steel, Ceramic, Plastic), By Region (North America, Central & South America, APAC, Europe, MEA), And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-223-5
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Report Overview

The global drinkware market size was valued at USD 3.87 billion in 2018 and is expected to register a CAGR of 3.1% from 2019 to 2025. The market is driven by factors, such as significant product demand from the hospitality and food service industry and increasing beverage consumption. In addition, initiatives by major companies to introduce innovative, designer products made of eco-friendly materials will boost the market growth.

U.S. drinkware market

For instance, Tiki Barware by Urban Bar, a range of drinkware made of steel, which has Hawaiian themed tiki patterns on it. The harmful effects of plastic drinkware on the environment and health are driving the need for safe and recyclable material-based products. Product manufacturers are avoiding the use of BPA, a harmful chemical.

For instance, TOSSWARE offers Crystal Clarity TOSSWARE® made of highest-quality polymer and is 100% BPA-free, recyclable, and shatterproof. 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. Europe and North America are the major regional markets on account of high consumption beverages, such as coffee and hard drinks. Europe, in particular, is expected to be account for the largest market share over the forecast period.

Material type Insights

The glass material segment held the largest market share of 35.23% in 2018 and is expected to maintain its dominant position in future. The glass material has a significant demand owing to its aesthetic appeal. For instance, Borosil glasses are made of 100% borosilicate and can be used in freezer, as well as microwave.

Plastic is expected to witness the fastest CAGR during the forecast period owing to its durability, lower price, and availability of innovative plastic-based products. Companies are introducing recyclable and innovative products. For instance, Alternative Glass provides bar glasses that are made of plastic that looks like glass. Moreover, product modifications, in terms of design and color, is also expected to drive the demand for plastic-based drinkware. For instance, Giacona Corporation offers different varieties of drinkware, such as color-changing cups.

Regional Insights

Europe held the largest market share in 2018, followed by North America, on account of high consumption of alcohol and hot beverages, such as coffee. Production of glass-based drinkware increased with an average annual growth rate of 6.4% due to high consumption of alcoholic beverages.

Global drinkware market

Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 3.5% over the forecast period. Rapid growth in the hospitality industry and adoption of western culture are the key factors driving the regional market growth. For instance, the coffee sales by Cafe Coffee Day increased from 1.6 million cups in 2017 to over 2 million cups in 2018.

Key Companies & Market Share Insights

Prominent companies in this market are Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International, and Ocean Glass. One of the key trends impacting the global market include wide usage of luxury BPA-free co-polymer-based products. Thus, key manufacturers are investing more in R&D to develop innovative, eco-friendly products.

Drinkware Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 4.09 billion

Revenue forecast in 2025

USD 4.79 billion

Growth Rate

CAGR of 3.1% from 2019 to 2025

Base year for estimation

2018

Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD million/billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material type, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; U.K.; Germany; China; India; Brazil; Africa

Key companies profiled

Arc International; AnHui DeLi Glassware; Libbey; Pasabache; Bormioli Rocco; The Oneida Group; Steelite International; Ocean Glass

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global drinkware market report on the basis of material type and region:

  • Material Type Outlook (Revenue, USD Million, 2015 - 2025)

    • Glass

    • Ceramic

    • Plastic

    • Steel

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Africa

Frequently Asked Questions About This Report

Pricing & Purchase Options

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified