How Big Is the Drinkware Market?
According to 6Wresearch internal database and industry insights, the
Global drinkware market was valued at USD 6.1 billion in 2024 and is projected to reach USD 9.9 billion by 2031, registering a CAGR of 7.2% during the forecast period of 2025-2031.
This growth momentum is further spurred by changing lifestyles, growing preference for reusable products, and increasing brand-led innovations in design and sustainability-focused materials.
Growth Factors of the Drinkware Market
- Increase in outdoor recreational activities promoting use of travel mugs, sippers, and water bottles
- Escalating foodservice industry boosting demand for stylish and functional drinkware
- Widespread adoption of sustainable drinkware over single-use plastic alternatives
- Growing gifting trend of personalized drinkware in corporate and retail segments
- Technological revolutions such as smart drinkware with temperature control or tracking features
- Expanding e-commerce platforms making customized drinkware easily accessible
Drinkware Market Trends
Drinkware Market is witnessing a dynamic shift toward eco-conscious consumerism, with recyclable and BPA-free materials gaining prominence. Also, smart drinkware with hydration tracking, and stylish customizable tumblers are trending. Collaborations between drinkware brands and lifestyle influencers are boosting visibility and demand. In addition, premium aesthetics, especially in metallic finishes and minimalist designs, are becoming popular among urban consumers.
Emerging Developments in Drinkware Market
In the Drinkware Market, manufacturers are investing in sustainable materials like bamboo fiber, stainless steel, and biodegradable plastics. The integration of IoT features, such as self-cleaning and hydration alerts, is pushing the market into the smart lifestyle domain. Also, co-branding with coffee chains and sports brands is expanding product reach and consumer engagement. Expansion into corporate gifting is opening new revenue streams for premium drinkware manufacturers.
Leading Companies in the Drinkware Industry
- SIGG Switzerland AG
- Tervis Tumbler Company
- Thermos LLC
- CamelBak Products, LLC
- Hydro Flask (Helen of Troy Limited)
- Yeti Holdings Inc.
- Contigo (Newell Brands)
How big is the Drinkware Market : FAQ's
Millennials and Gen Z are driving demand due to preferences for personalized, portable, and environmentally friendly products.
Smart features like temperature retention and hydration tracking are enhancing product value and differentiation.
Rising health consciousness and a shift towards reusable solutions in daily hydration and beverage consumption are key demand drivers.
The drinkware market is expected to surpass USD 9.9 billion by 2031.
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