According to a new market report published by Lucintel,
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 $11.7 billion by 2023 with a CAGR of 3% from 2018 to 2023.
The major growth drivers for this market are increase in beverage consumption, growing
hotel and catering industries, and increasing middle class disposal income.
In this market, glass, bone china, porcelain/stoneware, and steel are used
for manufacturing of drinkware products. On the basis of comprehensive
research, Lucintel forecasts that glass will remain the largest material type,
and will also witness the highest growth over the forecast period due to low
cost, environmentally friendly, and low
health risk benefits.
Within the
drinkware market, 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.
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.
Emerging trends that have a direct impact on
the dynamics of the industry include increasing use of luxury drinkware made of BPA free co-polyster, and
use of drinkware as promotional products. Arc International, AnHui DeLi
Glassware, Libbey, Pasabache, Bormioli Rocco, The Oneida Group, Steelite
International, and Ocean Glass are among the major suppliers of
drinkware market.
Lucintel, a leading global strategic consulting and market research firm, has
analyzed growth opportunities in the global drinkware market by material, product
type, end use, and region, and has compiled
a comprehensive research report entitled “Growth
Opportunities in the Global Drinkware Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy by providing comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global drinkware
market by product type,
material, end use, and region, as follows:
By Material
Type [Value ($ Million) from 2012 to 2023]:
· Glass
· Bone China
· Porcelain/Stoneware
· Steel
· Others
By Product Type [Value ($ Million) from 2012
to 2023]:
· Wine Glass
· Beer Glass
· Coffee Mugs
and Tea Cups
· Everyday
Glass
· Cocktail
Glass
· Spirit Glass
· Others
By End Use
[Value ($ Million) from 2012 to 2023]:
· Personal Use
· Commercial
Use
By Region [Value
($ Million) from 2012 to 2023]:
· North America
− US
− Canada
− Mexico
· Europe
− Germany
− France
− UK
· APAC
− China
− Japan
− India
· ROW
− Brazil
This
193-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
Lucintel offerings include Consumer
Goods Report, Consumer
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high-growth opportunities for global drinkware market by product type, which
includes wine glass,
beer glass, coffee mugs and tea cups, everyday glasses, cocktail, spirit, and
others,
material (glass, bone china, porcelain/stoneware, steel, and others), end use (commercial,
and personal), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which products segments will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
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