December 27, 2019
According to the research report titled ‘Drinkware Market Size By Product (Bottles [Water bottles, Tumblers, Shakers, Infusers], Mugs & Cups), By Material (Polymer, Metal, Glass, Silicone, Ceramic), By Application (Everyday, Sports, Travel, Domestic, Commercial), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global drinkware market is expected to cross USD 35 billion by the year 2025.
Growing inclination towards convenient and easy to use wares for daily hydration needs is the major factor driving drinkware market growth. Strict government policies which restrict single-use plastic products will further aid the expansion of the market.
Increasing awareness regarding presence of harmful chemicals in disposable drinkware is leading to rising adoption of sustainable alternatives. Moreover, recent studies have found out that glass-based drinkware comprise of high levels of cadmium and lead around the rim which in turn may hinder the growth of the segment. However, metal-based drinkware segment will register decent growth in the upcoming years, as they are less reactive, BPA free, reusable, and fall under food grade standards.
The report cites that drinkware market from bottle infusers segment will witness significant growth during the estimated timeframe. Drinkware infusers are extensively used for making detox beverages and fruit-based drinks. Infused preparations like green tea, lime water, and mint help cure headaches and digestion issues. Thus, growing healthcare awareness will propel the usage of bottle infusers.
Meanwhile, U.S. bottle shakers market is projected to grow with a CAGR of 3.2% during the period of 2019-2025. Growing occurrence of obesity and increasing healthcare awareness are leading to rising number of fitness centers and sports clubs, which in turn will contribute to the popularity of the shakers across the country. Furthermore, favorable federal reforms which encourage sports activities will also stimulate the segmental growth.
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Considering geographical landscape, Asia-Pacific drinkware market is expected to expand significantly due to shifting trend of adopting reusable mugs and bottles for carrying beverages to satisfy hydration requirements. In the meantime, growing awareness regarding healthy lifestyle in Latin America will augment the demand for drinkware products across the region.
The prominent companies operating in drinkware market are Pacific Market International, Bormioli Rocco, Hamilton Housewares Pvt. Ltd., Hydro Flask, Camel Bak, Dopper, and Thermos LLC among others.
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