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According to the latest research, the global Drinkware market size was valued at USD 27643.83 million in 2022 and is expected to expand at a CAGR of 3.08% during the forecast period, reaching USD 33158.92 million by 2028.
Drinkware is a general term for the class of vessels from which people drink. Drinkware is a type of vessel used to drink beverages such as water, juices, liquor, beer, tea, coffee, wine, and other beverages. Drinkware is available in a wide variety of shapes and sizes, including bottles, mugs & cups, and others.
Influence of COVID-19 Outbreak on Drinkware Industry Development
The sudden outbreak of the COVID-19 pandemic, which has resulted in strict lockdown regulations in many countries, has disrupted the import and export of drinkware. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruptions, and financially affecting companies and financial markets. The outbreak of the COVID-19 pandemic has severely impacted the drinkware industry. Disruptions in raw material supply chains due to national lockdowns have put pressure on industry product supply. Drinkware products are in high demand for diversified distribution channels. The convenience of distribution channels requires distributors with smooth logistics and flexibility. However, the pandemic has hit logistics hard, severely impacting the speed of turnaround. Factors such as labor shortages and increased raw material costs will increase production costs and risks. At the same time, under the impact of the capital market, investor confidence has been frustrated, and corporate financing has become more difficult. Market closures and supply chain disruptions have contributed to weak industrial output growth amid the COVID-19 outbreak. At the same time, the dining chair service industry and tourism industry have been hit hard, and the demand for related drinkware has been suppressed.
Drinkware Drivers
The foodservice industry has a steady and ongoing demand for drinkware, with innovations in new services offered by restaurants, hotels, cafés and eat-out outlets. Restaurateurs, hotel chains and independent operators are working to expand their services in every possible way, enabling online delivery facilities and adapting to the trend of home delivery. Compared with 2020, the global tourism industry will grow by 4% in 2021, but it will still be negatively affected by the epidemic. The recovery and development of tourism will help stimulate the catering service industry, which in turn will drive the development of drinkware.
Growing young global population, rising disposable income and consumer demand for premium/ultra-premium products, increasing alcohol and beverage consumption, Revenue in the Alcoholic Drinks market amounts to US$1,664.00bn in 2022. The market is expected to grow annually by 6.78%. For Q2 2022, Starbucks reported an increase in average ticket and transactions, alongside a 15% global revenue spike. Rising demand for alcohol and beverages will drive the drinkware market. In addition, people pay attention to health preservation and health, and the demand for exercise increases, which in turn drives the increase in water supply and drives the market demand for drinkware.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Zojirushi is one of the major players operating in the Drinkware market, holding a share of 4.25% in 2020.
The Zojirushi Corporation is a Japanese multinational manufacturer and marketer of vacuum flasks, beverage dispensers, and consumer electronics including bread machines, electric kettles, hot water dispensers, electric water boilers and rice cookers. It has a branch in South Korea and subsidiary companies in Taiwan, China, Hong Kong, and the United States. Zojirushi is listed on the Tokyo Stock Exchange.
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J. Seiders and Ryan R. Seiders in 2006 and is headquartered in Austin, TX.
Segmentation Overview:
Among different product types, Cold Beverage Drinkware segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Personal segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Drinkware industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Drinkware. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Drinkware Market Report Include:
Market Size Estimates: Drinkware market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Drinkware market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Drinkware market
Segment Market Analysis: Drinkware market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Drinkware market situations and prospects in major and top regions and countries
Drinkware Market
Drinkware Industry Chain: Drinkware market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Drinkware Industry News, Policies by regions
Drinkware Industry Porters Five Forces Analysis
Key players in the global Drinkware market are covered in Chapter 2:
Ello Products
CamelBak
YETI Coolers
Thermos LLC
The BlenderBottle
Contigo
Igloo
Hydro Flask
Nalgene
Zojirushi
Haers
Mizu Life
Miir
Dopper
In Chapter 6 and Chapter 9, on the basis of types, the Drinkware market from 2018 to 2028 is primarily split into:
Cold Beverage Drinkware
Hot Beverage Drinkware
In Chapter 7 and Chapter 10, on the basis of applications, the Drinkware market from 2018 to 2028 covers:
Commercial
Personal
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Drinkware market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Drinkware industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Drinkware market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Drinkware industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Drinkware market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Drinkware market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Drinkware market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Drinkware is a general term for the class of vessels from which people drink. Drinkware is a type of vessel used to drink beverages such as water, juices, liquor, beer, tea, coffee, wine, and other beverages. Drinkware is available in a wide variety of shapes and sizes, including bottles, mugs & cups, and others.
Influence of COVID-19 Outbreak on Drinkware Industry Development
The sudden outbreak of the COVID-19 pandemic, which has resulted in strict lockdown regulations in many countries, has disrupted the import and export of drinkware. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruptions, and financially affecting companies and financial markets. The outbreak of the COVID-19 pandemic has severely impacted the drinkware industry. Disruptions in raw material supply chains due to national lockdowns have put pressure on industry product supply. Drinkware products are in high demand for diversified distribution channels. The convenience of distribution channels requires distributors with smooth logistics and flexibility. However, the pandemic has hit logistics hard, severely impacting the speed of turnaround. Factors such as labor shortages and increased raw material costs will increase production costs and risks. At the same time, under the impact of the capital market, investor confidence has been frustrated, and corporate financing has become more difficult. Market closures and supply chain disruptions have contributed to weak industrial output growth amid the COVID-19 outbreak. At the same time, the dining chair service industry and tourism industry have been hit hard, and the demand for related drinkware has been suppressed.
Drinkware Drivers
The foodservice industry has a steady and ongoing demand for drinkware, with innovations in new services offered by restaurants, hotels, cafés and eat-out outlets. Restaurateurs, hotel chains and independent operators are working to expand their services in every possible way, enabling online delivery facilities and adapting to the trend of home delivery. Compared with 2020, the global tourism industry will grow by 4% in 2021, but it will still be negatively affected by the epidemic. The recovery and development of tourism will help stimulate the catering service industry, which in turn will drive the development of drinkware.
Growing young global population, rising disposable income and consumer demand for premium/ultra-premium products, increasing alcohol and beverage consumption, Revenue in the Alcoholic Drinks market amounts to US$1,664.00bn in 2022. The market is expected to grow annually by 6.78%. For Q2 2022, Starbucks reported an increase in average ticket and transactions, alongside a 15% global revenue spike. Rising demand for alcohol and beverages will drive the drinkware market. In addition, people pay attention to health preservation and health, and the demand for exercise increases, which in turn drives the increase in water supply and drives the market demand for drinkware.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
Zojirushi is one of the major players operating in the Drinkware market, holding a share of 4.25% in 2020.
The Zojirushi Corporation is a Japanese multinational manufacturer and marketer of vacuum flasks, beverage dispensers, and consumer electronics including bread machines, electric kettles, hot water dispensers, electric water boilers and rice cookers. It has a branch in South Korea and subsidiary companies in Taiwan, China, Hong Kong, and the United States. Zojirushi is listed on the Tokyo Stock Exchange.
YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J. Seiders and Ryan R. Seiders in 2006 and is headquartered in Austin, TX.
Segmentation Overview:
Among different product types, Cold Beverage Drinkware segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Personal segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Drinkware industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Drinkware. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Drinkware Market Report Include:
Market Size Estimates: Drinkware market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Drinkware market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Drinkware market
Segment Market Analysis: Drinkware market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Drinkware market situations and prospects in major and top regions and countries
Drinkware Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Drinkware Industry Chain: Drinkware market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Drinkware Industry News, Policies by regions
Drinkware Industry Porters Five Forces Analysis
Key players in the global Drinkware market are covered in Chapter 2:
Ello Products
CamelBak
YETI Coolers
Thermos LLC
The BlenderBottle
Contigo
Igloo
Hydro Flask
Nalgene
Zojirushi
Haers
Mizu Life
Miir
Dopper
In Chapter 6 and Chapter 9, on the basis of types, the Drinkware market from 2018 to 2028 is primarily split into:
Cold Beverage Drinkware
Hot Beverage Drinkware
In Chapter 7 and Chapter 10, on the basis of applications, the Drinkware market from 2018 to 2028 covers:
Commercial
Personal
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Drinkware market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Drinkware industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Drinkware market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Drinkware industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Drinkware market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Drinkware market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Drinkware market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
