Drinkware Market Report: Trends, Forecast and Competitive Analysis

DALLAS, October 24, 2018 (Newswire.com) - According to a new market report published by Lucintel, the future of the global drinkware market looks good with opportunities in houseware, food services, and retail industry. The global drinkware market is expected to reach an estimated $11.7 billion by 2023 with a CAGR of 3% from 2018 to 2023. The major growth drivers for this market are an increase in beverage consumption, growing hotel and catering industries, and increasing middle class disposal income.

Browse 86 market data tables and 152 figures spread through 193 pages and in-depth TOC on the "Global Drinkware Market".

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In this market, glass, bone china, porcelain/stoneware, steel, and others are used for drinkware manufacturing for material. Lucintel forecasts that glass will remain the largest material type, and will also witness the highest growth over the forecast period due to low cost, environmentally friendly, and low health risk benefits.

Within the drinkware market, everyday glass will remain the largest product type and witness the highest growth over the forecast period due to its multipurpose and versatile use for households.

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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing population, increasing disposal income, and growth in the hospitality industry.

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Emerging trends that have a direct impact on the dynamics of the drinkware industry include increasing use of luxury drinkware made of BPA free co-polyster, and use of drinkware as promotional products. Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International, and Ocean Glass and others are among the major suppliers of drinkware.

Lucintel, a leading global market research firm has analyzed growth opportunities in the global drinkware market by product type, material, end user, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Drinkware Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global drinkware market by product type, material, end user, and region as follows:

By Material Type [Value ($ Million) from 2012 to 2023]:

·         Glass

·         Bone China

·         Porcelain/Stoneware

·         Steel

·         Others

By Product Type [Value ($ Million) from 2012 to 2023]:

·         Wine Glass

·         Beer Glass

·         Coffee Mugs and Tea Cups

·         Everyday Glass

·         Cocktail Glass

·         Spirit Glass

·         Others 

By End Use [Value ($ Million) from 2012 to 2023]:

·         Personal Use

·         Commercial Use

By Region [Value ($ Million) from 2012 to 2023]:

·         North America

-       US

-       Canada

-       Mexico

·       Europe

-       Germany

-       France

-       UK

·       APAC

-       China

-       Japan

-       India

·       ROW

-       Brazil

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This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/drinkware-market.aspx# or [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global drinkware market to 2023 by product type, which includes wine glass, beer glass, coffee mugs and tea cups, everyday glasses, cocktail, spirit, and others, material (glass, bone china, porcelain/stoneware, steel, and others), end use (commercial, and personal), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last 5 years?

Source: Lucintel