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.
Drinkware Market Analysis
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Drinkware market share from the mugs and cups segment was valued at over 20 billion in 2022. Disposable cups and ceramic or glass mugs are widely used across restaurants. Increasing preference for takeout has fueled the use of cups at coffee shops. The surging demand for mugs and cups can be attributed to the growing consumption of coffee in developed countries. Coffee is the most consumed beverage in the world with 65% of the population in the U.S. consuming coffee every day. It is significantly popular among young and old adults as it helps improve energy levels, burn fat, and boost physical performance. Growing consumption of beverages with cultural significance such as tea and hot chocolate will boost demand for mugs and cups.
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Drinkware market value from polymer-based material segment is projected to reach over USD 1.5 billion by 2032. A wide variety of polymers are used to make drinkware bottles and mugs including polypropylene (PP), polyethylene terephthalate (PET), and polyethylene (PE). For instance, polycarbonate is widely used in the manufacturing of refillable water bottles and reusable containers. Polymer-based mugs offer high durability and are popularly used to gift with customized prints, quotes, and designs, facilitated by their large surface area. Food and beverage packaging companies are extensively using PE and low-density PE to make rigid bottles and squeeze bottles respectively.
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Based on distribution channel, the market share from supermarkets is estimated to surpass USD 30 billion by 2032. Supermarkets are highly preferred by consumers for purchasing products as they offer a wide variety of options, discounts and offers, and a holistic shopping experience. These setups attract buyers with displays that provide combos and paired products, such as protein powders or coffee powders with a tumbler. The availability of drinkware products including cups, bottles, shakers, and mugs in a wide variety of designs, shapes, and colors drives consumers to fulfill their drinkware needs from supermarkets.
North America drinkware market is projected to expand at over 5.5% CAGR between 2023-2032. Growing consumer awareness regarding the health benefits of consuming hot beverages to fight infectious diseases is anticipated to fuel the sales of drinkware in the region. The presence of key drinkware manufacturers in the U.S. and Canada will enable significant product innovation. The commencement of new partnerships and product development by these firms will further reinforce business landscape.
Drinkware Market Share
Some of the leading companies in the global drinkware market are
- Amcor Limited
- Mizu
- PMI Worldwide
- Thermos L.L.C
- Bormioli Rocco
- Hydro Flask
- S’well
- Klean Kanteen
- Nomader, LLC
- Vapur
- Vista Outdoor Operations LLC
- Dopper
- Nalgene
- Soul bottles
- Newell Brands
- Pasabahce
These companies are focusing on strategic partnerships, mergers, and acquisitions to gain a competitive lead over other related firms.
Impact of COVID-19 Pandemic
The COVID-19 pandemic had a slightly positive impact on the drinkware industry. The pandemic devastated a broad spectrum of businesses, particularly the food and beverage sector. Hotels, restaurants, and food carts quickly adopted home delivery systems to cope up with the loss incurred due to the shutdown of offline businesses.
A dramatic rise in online food deliveries fueled the use of cups, tumblers, and other disposable drinkware. Several countries reported an enormous surge in the use of plastic during the pandemic. Plastic coffee cups and plastic shopping bags were extensively used in home deliveries, ensuring adherence to social distancing norms. Furthermore, several studies showed that plastic eliminated the risk of virus transmission, otherwise seen in reusable packaging.
The Drinkware market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Thousand Units and revenue in USD Million from 2018 to 2032 for the following segments
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By Product
- Bottles
- Water bottles
- Tumblers
- Shakers
- Infusers
- By Material
- Polymer
- Metal
- Glass
- Silicone
- Others
- By Usage
- By Distribution channel
- Super Market
- Independent Stores
- E-Commerce
- Others
- Mugs & Cups
- By Material
- Polymer
- Metal
- Glass
- Silicone
- Ceramic
- By Usage
- By Distribution channel
- Super Market
- Independent Stores
- E-Commerce
- Others
The above information is provided on a regional and country basis for the following
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Sweden
- Netherlands
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Indonesia
- Thailand
- Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
