Drinkware Market Revenue Growth and Business Development Report by 2032

1. Drinkware Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2032

2. The global drinkware market is slated to expand significantly through 2032 owing to the increasing demand from beverage and food service industry. The growing popularity of aesthetic and environment-friendly products among people is likely to propel market growth. Furthermore, the leading companies are focusing on technological advancements to launch innovative products to enhance their product portfolio. For instance, Pasabahce, a division of the Sisecam Group, created V-Block technology, the first antimicrobial technology used in the glassware market in the world. This technology claims to avoid microorganism growth on glass surfaces and to safeguard places with high contamination risk, like restaurants, hotels, hospitals, cafes, and cafeterias, during the rapid transmission of coronavirus infection. The drinkware market has been segmented based on product, usage, distribution channel, material, usage, distribution channel, and region. Based on product, the shakers segment recorded more than $945 million worth of market valuation in 2022 and is expected to propel substantially from 2023 to 2032 due to their wide use among sports individuals for making protein shakes and mixing various types of supplements. With respect to material, the polymer segment is anticipated to amass considerable valuation in the forthcoming years as plastic bottles are in high demand because they are lighter, easier to transport, less expensive, and consume less energy to manufacture than glass bottles.

3. Meanwhile, the glass segment registered approximately $600 million market size in 2022 and is poised to expand positively over the forecast years attributed to their use in serving appealing iced tea, shakes, and smoothies. In terms of usage, the everyday segment is speculated to achieve more than $7.5 billion by 2032 as a result of rising beverage consumption and the development of designer products for various applications such as daily, sports, and travel. Plastic bottles are commonly used in everyday life due to their cost effectiveness, portability, lightness, and handy use. On the other hand, the sports segment is slated to grow considerably over the review timeline due to changing lifestyles and increased health consciousness. From the regional perspective, the Latin America drinkware industry is projected to propel rapidly over the forecasted period credited to the recent growth in the food and beverage sector as well as rising health awareness in the region. Meanwhile, the Middle East & Africa drinkware market is estimated to augment strongly by the end of 2032 owing to the booming hospitality sector, combined with increased tourism throughout the region.

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