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Drinkware Market Size

Report ID: GMI4383
Published Date: Nov 2022
Report Format: PDF

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Drinkware Market Size

Drinkware Market size was worth more than USD 28 billion in 2022 and is anticipated to expand at over 6% CAGR from 2023-2032. Rising demand for eco-friendly and sustainable drinkware is expected to complement the industry expansion.

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Ongoing expansion of the food and beverage sector along with proliferating food delivery businesses showcase lucrative scope for drinkware manufacturers. Drinkware, also known as beverageware, consists of a wide variety of products used to store water, coffee, alcohol, and other non-alcoholic beverages. A substantial rise in the number of restaurants, food outlets, online food delivery platforms, and e-commerce sites has accelerated the need for drinkware products. Increasing demand for glassware with modern designs for luxury dining will positively influence the drinkware industry statistics.

Drinkware Market Report Attributes
Report Attribute	Details
Base Year:	2022
Drinkware Market Size in 2022:	28.23 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	50.20 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	411
Tables, Charts & Figures:	638
Segments covered:	Product, Material, Distribution Channel, Usage Type
Growth Drivers:	Intensifying demand in food service industry and Booming beverage Industry Surging Demand for aesthetic and eco – friendly products Emergence of numerous restaurants boosting product demand
Pitfalls & Challenges:	Stringent government regulation and ban on lead- containing paint hinders market growth

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Growing health concerns over lead poisoning and stringent regulations banning the use of lead paint could hamper industry growth. Lead and cadmium are commonly used in ceramics and glazed pottery to add luster and bright colors to cups and mugs. This increases the risk of consumption of the two heavy metals while consuming beverages from these cups. Cup and glass makers typically add lead or cadmium to low-quality glass products for better manufacturing output. However, studies have shown that prolonged consumption of beverages from enameled drinkware can lead to hazardous and toxic impacts on health.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for drinkware was over USD 28 billion and is expected to expand at over 6% CAGR from 2023-2032.

The drinkware industry share from the supermarket distribution channel segment is anticipated to reach over USD 30 billion by 2032 due to the availability of a wide variety of products and discounts.

North America drinkware industry is projected to expand at over 5.5% CAGR between 2023-2032 driven by increasing consumption of hot beverages and the presence of large beverage chains.

Mizu, PMI Worldwide, Bormioli Rocco, Hydro Flask, S’well, Klean Kanteen, Nomader, LLC, Vapur, Dopper, Nalgene, Soul bottles, and Newell Brands are some of the key manufacturers of drinkware.