Drinkware Market Global Trends And Revenue Growth Up To 2030
Drinkware Industry The global drinkware market size is anticipated to reach USD 45.9 billion by 2030 registering a CAGR of 4.1% from 2024 to 2030, according a new report by Grand View Research, Inc. Rising product demand from the hospitality and food service industry and increasing beverage consumption are expected to augment the market growth. Moreover, several initiatives by key companies to introduce products made of eco-friendly materials will contribute to the market development. Moreover, introduction of innovative and luxurious designs will drive the demand further. To control the harmful effects of plastic drinkware on the environment and health, companies are introducing safe and recyclable drinkware. For instance, TOSSWARE offers Crystal Clarity TOSSWARE®, which is 100% BPA-free, made of highest-quality polymer, and is shatterproof. Glass-based drinkware accounted for the largest share of 31.3% in 2023. Steel is gaining popularity as it is temperature-s...