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Drinkware Market Trends and Forecast

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 $14.2 billion by 2030 with a CAGR of 3.3% from 2024 to 2030.The major growth drivers for this market are increase in beverage consumption, growing hotel and catering industries, and increasing middle class disposal income.

  • Lucintel forecasts that glass will remain the largest material type over the forecast period due to low cost, environmentally friendly, and low health risk benefits.
  • Within the global drinkware market, beer glass, coffee mugs and tea cups, everyday glass, cocktail glass and spirit glass are the major product type. 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. Wine Glass
  • 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.