Drinkware Market Predicted To Reach USD 4.79 Billion By 2025
San Francisco, 20 Aug 2020: The Report Drinkware Market Size, Share & Trends Analysis Report By Material Type (Glass, Steel, Ceramic, Plastic), By Region (North America, Central & South America, APAC, Europe, MEA), And Segment Forecasts, 2019 - 2025 The global drinkware market size is anticipated to reach USD 4.79 billion by 2025 registering a CAGR of 3.1%, 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 o...