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The global drinkware market size is anticipated to reach USD 4.79 billion by 2025 registering a CAGR of 3.1%, according a new report by Radiant Insights, Inc Rising product demand from the hospitality and food service industry and increasing beverage consumption are expected to augment the market growth.
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Rapid growth in hospitality industry and increasing consumer disposable income levels are the main factors driving the market growth in this region.
Further key findings from the study suggest: • Plastic material segment is projected to register the fastest CAGR of 3.5% from 2019 to 2025 on account of high demand for plastic products due to their durability and lower price • The glass material segment accounted for the largest share of the global drinkware market in 2018 and is expected to maintain its dominant position throughout the forecast years • Europe is expected to be the largest regional market over the forecast period owing high consumption of various beverages • Some of the leading companies in the global market are Arc International, AnHui DeLi Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite International, and Ocean Glass Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/drinkware-market Table of Contents Chapter 1.
Secondary Sources & Third-Party Perspectives 1.3.4.
Industry Value Chain Analysis 3.3.1.
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