Drinkware Market Research, Analysis, segmentation, trends, size and forecasts, Competitive analysis, SWOT analysis

Drinkware Market Introduction

The drinkware market refers to the market for containers or vessels used to hold and consume beverages, such as cups, mugs, bottles, and tumblers. The market can be segmented into several categories based on the material of the drinkware, such as plastic, glass, metal, and ceramics.

The global drinkware market is expected to grow in the forecast period due to increasing consumption of beverages, rising disposable income, and growing awareness about health and wellness. Additionally, the market is also driven by the increasing popularity of reusable drinkware, as well as the use of innovative materials such as silicone and bamboo.

The market can also be segmented based on the application, such as household, commercial, and outdoor use. The household segment is expected to dominate the market due to the increasing demand for drinkware products for personal use.

The major players in the drinkware market include Nalgene, Thermos, Contigo, S’well, Hydro Flask, and Tervis. These companies are focusing on strategic partnerships, collaborations, and new product launches to expand their market share.

Factors that can hinder the growth of the drinkware market include the high cost of raw materials and the increasing competition from unorganized players.

Drinkware Market Industry Analysis

The drinkware industry includes the manufacturing and sale of containers or vessels used to hold and consume beverages, such as cups, mugs, bottles, and tumblers. The industry can be segmented based on the material of the drinkware, such as plastic, glass, metal, and ceramics.

The global drinkware industry is driven by the increasing consumption of beverages, rising disposable income, and growing awareness about health and wellness. Additionally, the industry is also driven by the increasing popularity of reusable drinkware, as well as the use of innovative materials such as silicone and bamboo.

The industry is also being impacted by the growing trend of personalization, as more and more customers are demanding custom-designed and branded drinkware for personal and corporate use.

The major players in the drinkware industry include Nalgene, Thermos, Contigo, S’well, Hydro Flask, and Tervis. These companies are focusing on strategic partnerships, collaborations, and new product launches to expand their market share.

Factors that can affect the growth of the drinkware industry include the high cost of raw materials and the increasing competition from unorganized players. Additionally, the industry is also facing challenges from environmental concerns, such as the disposal of plastic drinkware and the need to switch to more sustainable materials.

Drinkware Market Trends

The drinkware market is experiencing several trends, including:

Rising demand for reusable drinkware: Consumers are becoming more environmentally conscious and are increasingly looking for durable and reusable drinkware options.
Growth in the online sales channel: Online sales channels, such as e-commerce websites and social media platforms, have become increasingly popular for purchasing drinkware, leading to a shift in the industry’s distribution channels.
Increasing popularity of personalization: Drinkware personalization has been gaining popularity among consumers, as they are looking for unique and customized products.
Innovation in materials: The industry is witnessing an increase in innovation in materials, such as stainless steel, glass, and silicone, which are considered to be more durable, lightweight, and safe for use.
Growth in the outdoor and sports market: The outdoor and sports market is a significant growth driver for the drinkware industry, as more people engage in outdoor activities and sports, leading to an increase in demand for sports and outdoor drinkware.
Growing popularity of insulated drinkware: Insulated drinkware has become increasingly popular, as it helps to keep beverages hot or cold for longer periods of time.
Growing trend of eco-friendly drinkware: The trend of eco-friendly drinkware is on the rise, as consumers are becoming more aware of environmental issues and looking for sustainable options made from materials like bamboo, glass, and stainless steel.

Drinkware Market Size and Forecast

The global drinkware market size was valued at USD 39.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2028. The market growth can be attributed to the increasing popularity of reusable drinkware, growing trend of eco-friendly drinkware, and the growing popularity of insulated drinkware. Additionally, the rising demand for personalization, innovation in materials, and the growing popularity of online sales channels are expected to drive market growth in the forecast period.

Drinkware Market Share Analysis

The global drinkware market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include:

Newell Brands
Tupperware Brands Corporation
Corelle Brands LLC
Thermos L.L.C
Tervis Tumbler Company
The Oneida Group
The Brielle Companies
S’well Bottle LLC
Nalgene Outdoor Products LLC
Liberty Bottleworks

These players are focusing on strategic partnerships, collaborations, and new product launches to increase their market share and strengthen their position in the industry. For instance, in 2020, Newell Brands launched a new line of drinkware products under the “Hydro Flask” brand, to expand its product portfolio and increase its market share.

In terms of market share, the major players hold a significant share of the market. However, there are many small and medium-sized players also present in the market, which are focusing on niche segments and are also contributing to the market growth.

It is important to note that this list and market share percentages may not be completely up to date as the market is dynamic and subject to change.

Drinkware Market Competitive Landscape

The global drinkware market is highly competitive, with a large number of players operating in the market. Key players in the market include Newell Brands, Tupperware Brands Corporation, Corelle Brands LLC, Thermos L.L.C, Tervis Tumbler Company, The Oneida Group, The Brielle Companies, S’well Bottle LLC, Nalgene Outdoor Products LLC, and Liberty Bottleworks.

In addition to the major players, there are many small and medium-sized players also present in the market, which are focusing on niche segments and are also contributing to the market growth.

Overall, the market is characterized by intense competition, with players competing on the basis of factors such as product quality, price, and brand reputation. The market is also subject to frequent product launches and innovations, which are aimed at differentiating products and expanding market share.

Drinkware Market Intelligence

Drinkware market intelligence refers to the collection and analysis of information about the drinkware industry, including market size, segmentation, trends, growth drivers, challenges, and competitive landscape. This information can be used by companies to make informed business decisions, such as product development, marketing strategies, and sales tactics.

According to a recent market research report, the global drinkware market is expected to grow at a CAGR of around 5% during the forecast period 2020-2025. The growth of the market is driven by various factors such as increasing disposable income, rising health consciousness, and growing demand for eco-friendly products. Additionally, the increasing popularity of on-the-go lifestyle and outdoor activities is also driving the demand for drinkware products.

The market is segmented based on product type, material, and distribution channel. The product type segment includes bottles, cups, mugs, and tumblers. The material segment includes plastic, metal, glass, and others. The distribution channel segment includes online and offline.

North America and Europe are expected to account for a significant share of the global drinkware market, due to the presence of a large number of manufacturers and suppliers in these regions. However, the Asia Pacific region is also expected to witness strong growth in the market due to increasing disposable income and rising health consciousness among consumers in countries like China and India.

Overall, the market is characterized by intense competition and is subject to frequent product launches and innovations. Companies in the market are focusing on differentiating their products and expanding their market share through strategic partnerships, collaborations, and new product launches.

Drinkware Market Industry Trends

The drinkware industry is currently experiencing a number of trends that are shaping the market. Some of the key trends include:

Sustainability: Consumers are becoming increasingly conscious of the environmental impact of their purchases, leading to a growing demand for eco-friendly and sustainable drinkware products. This has resulted in an increase in the use of materials such as stainless steel and glass, as well as biodegradable and recycled plastic.
Personalization: Consumers are looking for drinkware products that are personalized to their individual needs and preferences. This has led to an increase in the number of companies offering custom-made drinkware products, such as water bottles with custom logos or designs.
Health and Wellness: The increasing focus on health and wellness has led to an increase in the demand for drinkware products that promote hydration, such as water bottles with tracking features or infuser bottles.
Convenience: The on-the-go lifestyle of consumers is driving the demand for drinkware products that are easy to carry and use. This has led to an increase in the number of portable and collapsible drinkware products, such as foldable water bottles.
Innovation: Companies in the drinkware industry are continuously innovating their products to meet the changing needs of consumers. This includes the use of new materials, such as bamboo and silicone, and the incorporation of new features, such as built-in filters and Bluetooth connectivity.

Overall, these trends are driving the growth of the drinkware market and are expected to continue shaping the industry in the coming years.

Drinkware Market Analysis

The global drinkware market is expected to grow at a significant rate in the forecast period. Factors such as increasing disposable income, changing consumer preferences, and increasing health consciousness are driving the market growth. The market is segmented into material, product, and end-user. Based on material, the market is segmented into plastic, glass, metal, and ceramics. Based on product, the market is segmented into bottles, cups, mugs, and others. Based on end-user, the market is segmented into residential, commercial, and industrial. The market is also segmented into regions such as North America, Europe, Asia Pacific, and LAMEA.

Drinkware Market Segmentation

The global drinkware market can be segmented by:

Material: Plastic, glass, metal, ceramics
Product: Bottles, cups, mugs, others
End-user: Residential, commercial, industrial
Region: North America, Europe, Asia Pacific, LAMEA
Distribution channel: Online, offline
design and color
Size and Capacity

The material segment is further sub-segmented into BPA-free plastic, stainless steel, and others. The product segment is further sub-segmented into insulated bottles, vacuum flasks, and others. The end-user segment is further sub-segmented into offices, hotels, restaurants, and others.

The market can also be segmented by distribution channel, including online and offline. The market can also be segmented by design and color, size and capacity to get a deeper understanding of the market and its trends.

Drinkware Market Forecast

The global drinkware market is expected to grow at a significant rate during the forecast period. The market is driven by the increasing demand for reusable drinkware and the rising awareness about the use of eco-friendly products. The increasing popularity of on-the-go beverages and the growing trend of personalization in drinkware are also expected to drive the market growth. Additionally, the rise in disposable income and changing lifestyle are expected to boost the market growth.

However, the market is likely to face challenges due to the limited shelf life of drinkware products and the availability of cheaper alternatives. The market is also expected to be affected by the COVID-19 pandemic and its impact on the hospitality and foodservice industries.

According to a research report, the global drinkware market size was valued at $14.5 billion in 2018, and is projected to reach $24.5 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026.

Drinkware Market Growth

The global drinkware market is expected to experience significant growth during the forecast period. The market is driven by increasing consumer preference for reusable drinkware and growing awareness about the use of eco-friendly products. The increasing popularity of on-the-go beverages and the growing trend of personalization in drinkware are also expected to drive market growth. Additionally, the rise in disposable income and changing lifestyles are expected to boost market growth.

The adoption of drinkware products in the hospitality and foodservice industries is also expected to drive market growth. The use of drinkware products in events and promotions is also expected to contribute to market growth.

According to a research report, the global drinkware market size was valued at $14.5 billion in 2018 and is projected to reach $24.5 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026.

Drinkware Market Competitor Analysis

The drinkware market is highly competitive with a large number of players. Some of the key players in the market include:

Newell Brands
Tervis
Thermos LLC
Zojirushi America Corporation
Tupperware Brands Corporation
Nalgene Outdoor Products, LLC
LifeSaver Systems Ltd
Contigo
S’well Bottle LLC
Hydrapak LLC

These players are focusing on strategies such as partnerships, collaborations, and new product launches to expand their market share and strengthen their position in the market.

For instance, In 2019, Newell Brands announced the launch of its new collection of reusable drinkware under the Contigo brand. This launch is expected to help the company to increase its market share in the drinkware market.

Thermos LLC also expanded its product line by introducing new products in the drinkware market. The company introduced new designs of its existing products and also launched new products to cater to the increasing demand in the market.

Overall, the market is highly competitive and constantly evolving, with companies focusing on innovation, design, and marketing to gain a competitive advantage.

Drinkware Market Strengths

The drinkware market is expected to see growth due to increasing demand for reusable and eco-friendly drinkware products. The market is also expected to be driven by innovations in materials, design, and technology, such as the introduction of insulated and self-chilling drinkware. Additionally, the increasing popularity of outdoor activities and personalization trend are also expected to drive the market growth.

Drinkware Market Opportunities

Opportunities in the drinkware market include the increasing demand for on-the-go and portable drinkware, as well as the growing popularity of digital printing and customization options, which allow customers to personalize their drinkware products. Another opportunity is the increasing trend of healthy living and the availability of functional drinkware with functional features, such as water filtration and vitamin infusion. Another opportunity is the growing popularity of smart drinkware, which is equipped with features such as temperature control, wireless charging and others. Additionally, rising concerns about the environment have led to the demand for eco-friendly and sustainable drinkware, which is expected to create new opportunities for market players.

Drinkware Market Weakness

Weaknesses in the drinkware market include the high cost of production, particularly for high-end and premium drinkware products. Additionally, the market is also characterized by intense competition, with a large number of players vying for market share. This can make it difficult for new entrants to establish a foothold in the market. Another weakness is the increasing number of counterfeit products in the market, which can harm the reputation of legitimate market players and reduce customer trust in the market. Additionally, fluctuations in raw material prices can also impact the production costs of drinkware products, creating a challenge for market players.

Drinkware Market Threats

Threats in the drinkware market include increasing environmental concerns, which can lead to increased regulations and taxes on disposable drinkware products, such as plastic cups and straws. Additionally, the rise of digitalization and e-commerce has made it easier for customers to purchase cheaper and more easily accessible drinkware products online, which can cause a decline in sales for brick and mortar stores. Another threat is the growing popularity of reusable drinkware products, such as metal and glass water bottles, which can reduce the demand for disposable drinkware products. Furthermore, the market is also facing a threat of negative impact due to the pandemic, as people started to avoid dining out and using disposable drinkware.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Market Insight Lab journalist was involved in the writing and production of this article.