Lucintel’s latest market report analyzed that drinkware provides attractive opportunities in houseware, food services, and retail industry. The drinkware market is expected to reach $14.4 billion by 2028 with a CAGR of 4.2%. In this market, glass is the largest segment by material type, whereas everyday glass is largest by product type. Increasing use of luxury drinkware made of BPA free co-polyster, and use of drinkware as promotional products provides strategic growth path in this market.
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Based on material type, the drinkware market is segmented into glass, bone china, porcelain/stoneware, steel, and others. The glass segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to low cost, environmentally friendly, and low health risk benefits.
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The Drinkware Market is marked by the presence of several big and small players. Some of the prominent players offering drinkware include Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International.
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