The global drinkware market size was valued at USD 3.87 billion in 2018 and is expected to register a compound annual growth rate (CAGR) of 3.1% from 2019 to 2025. The market is driven by factors, such as significant product demand from the hospitality and foodservice industry and increasing beverage consumption. Also, initiatives by major companies to introduce innovatively, designer products made of eco-friendly materials will boost market growth.
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 the highest-quality polymer and is 100% BPA-free, recyclable, and shatterproof. The Asia Pacific is expected to be the fastest-growing regional market over the forecasted period. Rapid growth in the 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 accountable for the largest market share over the forecast period.
The glass material segment held the largest market share of 35.23% in 2018 and is expected to maintain its dominant position in the 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 the freezer, as well as a 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.
Europe held the largest market share in 2018, followed by North America, on account of the 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 the high consumption of alcoholic beverages.
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 the 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.
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 includes the 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.
Report Attribute |
Details |
The market size value in 2020 |
USD 4.09 billion |
The revenue forecast in 2025 |
USD 4.79 billion |
Growth Rate |
CAGR of 3.1% from 2019 to 2025 |
The 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 |
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 this study, Grand View Research has segmented the global drinkware market report based on 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
The U.S.
Europe
Germany
U.K.
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
Africa
b. The global drinkware market size was estimated at USD 3.98 billion in 2019 and is expected to reach USD 4.09 billion in 2020.
b. The global drinkware market is expected to grow at a compound annual growth rate of 3.1% from 2019 to 2025 to reach USD 4.79 billion by 2025.
b. Europe dominated the drinkware market with a share of 32.0% in 2019. This is attributable to high consumption of alcohol and hot beverages, such as coffee in the region, along with increasing consumer spending on premium glassware products.
b. Some key players operating in the drinkware market include Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International, and Ocean Glass.
b. Key factors that are driving the market growth include increasing significant product demand from the hospitality and food service industry, and increasing beverage consumption across the globe.
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