Glassware and Drinkware Market Outlook
The Glassware and Drinkware market is witnessing exponential growth due to increasing demand for aesthetic bottles & mugs that may drive market growth and the major demand is from the millennials and Baby Boomers. The major growth is due to an increase in demand for health care and fitness, as there is increasing in health awareness and which has to lead to a growing number of health clubs and fitness centres owing to an increase in obesity levels will spur drinkware demand. In countries like Europe where the demand is growing due to an increase in aesthetic bottles and mugs. Major growth is potential in the Asia Pacific region, as the world’s 70% population is found in this region. In this region, the demand for non-alcoholic beverages will foster industry growth. But the major challenges found in this market is due to flexible food and beverage packaging may limit the use of reusable bottles and mugs.
Reasons for Covering Glassware and Drinkware
The demand for eyeglasses is increasing, with the growing coronavirus crisis rapidly across the globe. The major reason to cover this topic is to see the growth of this market for the forecasted period. Utilization of drinkware’s including tumblers & bottles in the restaurants for serving hot & cold beverages has led to the incorporation of new designs and aesthetic materials. The rising number of specialty coffee brands is leading to increased utilization of cups and mugs in the country, which in turn is positively affecting the drinkware market share. Due to COVID-19 the demand for glasses as increased especially the demand for medical glasses which is need for protection. So the demand for the Glassware and Drinkware is expected to reach XXX by 2025 with a CAGR of XXX.
Glassware and Drinkware: Market Segmentation
The global Glassware and Drinkware market can be categorized on the following basis:
On the basis of product type, the Glassware and Drinkware market has been segmented as-
On the basis of Material, the Glassware and Drinkware market has been segmented as-
On the basis of price range, the Glassware and Drinkware market has been segmented as-
On the basis of Application, the Glassware and Drinkware market has been segmented as-
On the basis of Sale Channel, the Glassware and Drinkware market has been segmented as-
Glassware and Drinkware Market: Regional Outlook
The evolution of Glassware and Drinkware in developing countries is estimated to have further growth opportunities in the global market. The Glassware and Drinkware market classified into seven key players: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. North America has developed a market for this product and has dominated the market for a long period, Countries in the Asia Pacific, like China and India will play a crucial role in the growth of Glassware and Drinkware in the global market. But due to (Corona Virus) Covid-19 demand for Glassware and Drinkware has increased all around the world. The market is expected to grow at a CAGR XXX in the forecasted period.
Glassware and Drinkware Market: Key Players
· The global market players of Glassware and Drinkware consist of some leading players which are as follows: Thermos LLC, Bormioli Rocco, AMCOR, Mizu, Pacific Market International, Camel Bak, Hydro Flask, S’well, Klean Kanteen, Hamilton Housewares Pvt. Ltd, Nomader, Dopper. and many others.