According to the business intelligence report titled ‘Drinkware Market Size by Product (Bottles {[Water bottles, Tumblers, Shakers, Infusers], By Material [Polymer, Metal, Glass, Silicone], By Usage [Everyday, Sports, Travel], By Distribution channel [Super Market, Independent Stores, E-Commerce]}, Mugs & Cups {Material [Polymer, Metal, Glass, Silicone, Ceramic], By Usage [Domestic, Commercial] By Distribution channel [Super Market, Independent Stores, E-Commerce]}), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market, 2021-2027’, available with Market Study Report, global drinkware market is anticipated to grow substantially between 2021-2027.
 

Increasing usage of sustainable materials, growing plastic aversion among population, and surging demand for aesthetic & ecofriendly products are key factors driving global drinkware market expansion. Rising number of restaurants, and growing demand for drinkware from food & beverage sector will also aid industry outlook.
 

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Moreover, stringent laws regarding use of plastic, and increasing adoption of drinkware made from other materials will aid revenue inflow over the analysis period.
 

Based on product gamut, global drinkware industry is divided into mugs & cups, and bottles. Both segments are further classified based on material, distribution channel, and usage.
 

The report cites that shaker bottle segment is anticipated to garner USD 1208.9 million by 2027. Meanwhile, as per material, glass bottles segment was assessed at USD 248.8 million in 2020 and silicone bottle segment is estimated to expand at 3% CAGR between 2021-2027.
 

Moving on to mugs & cups, the metal and silicon segments are speculated to accrue massive returns by 2027, owing to their durable nature, and economic & environmental viability.
 

Regionally speaking, Latin America drinkware industry is projected to be worth USD 3469.4 million by 2027, growing at 4.3% CAGR between 2021-2027. Meanwhile, Middle East & Africa market is anticipated to amass USD 3552.7 million by 2027.
 

Key players formulating the competitive landscape of worldwide drinkware market sphere are Amcor plc, Nalgene, Mizu Life, Hydro Flask, PMI Worldwide, Klean Kanteen Inc., Thermos LLC, S’Well, Bormioli Luigi S.p.A., Vapur Inc., Nomader LLC, Newell Brands Inc., Vista Outdoor Operations LLC, Soul Bottles, Dopper, and Pa?abahçe.