Drinkware Market – Industry Analysis, Competitive Strategy during 2019-2025
According
to latest Research Report Drinkware
Market size is expected to exceed USD 35 billion by 2025. The growing
preference towards easy to use and convenient ware for everyday hydration needs
fueling the product demand.
Some
major findings of the drinkware market report include:
Ø The
demand for metal-based drinkware is increasing across the globe due to their benefits
such as reusability, BPA free, less reactive and food grade material
Ø Utilization
of beverages including dairy, juices and energy drinks for satisfying hydration
requirements has contributed to practice of carrying reusable mugs &
bottles throughout Asia Pacific
Ø The
increasing health awareness among population in Latin American countries
including Brazil and Argentina is expected to provide profitable opportunities
to industry expansion.
Ø Some
of the major players operating in the market are Thermos LLC, Dopper, Camel
Bak, Hydro Flask, Hamilton Housewares Pvt. Ltd, Bormioli Rocco and Pacific
Market International.
Ø Companies
are delivering insulated and lightweight products to gain competitive edge over
the rivals.
Ø The
service providers in North America and Europe are replacing plastic drinkware
with metal which offers superior heat insulation properties.
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for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4383
Consumers
are adopting substitutes for disposable plastic-based drinkware owing to
presence of harmful chemicals including BPA. Recent research has proved that
glass-based drinkware contains high levels of lead and cadmium on the outer
surface and around the rim which can cause adverse health conditions leading to
hampering industry growth. Stringent government regulations pertaining to
consumer health issues by utilization of single use plastics can become a major
contributing factor for reusable product industry growth.
Drinkware
infusers are predominantly utilized for detox fluids and fruits infused water
preparation. Products including mint,
lime water and green tea are made from infusers which helps to cure digestion
issues and headaches which has led key players focus towards novel product development.
For instance, In September 2019, Menna Incorporation launched their latest
product under the brand name Menna ONE. This product is a portable tea infuser
which uses SteepStop-ReSteep technology that gives users control over flavor
and intensity of their tea.
Browse
Complete Report Summary @ https://www.gminsights.com/industry-analysis/drinkware-market
U.S.
shakers market may experience appreciable gains of 3.2% CAGR during the
projected timeline. Growing number of sports clubs and fitness centers in U.S.
owing to rising obesity prevalence and fitness enthusiasts should support
utilization of protein shakers in the region. As per National Center for Health
Statistics, 39% of the adults aged 20 and over are suffering from obesity.
Favorable
government policies including President’s Council on Sports, Fitness and
Nutrition (PCSFN) aiming to increase sports participation among youth will spur
introduction of new brands. For instance, In September 2017, PROMiXX launched
its new product named PROMiXX Vortex Mixer protein shaker which is integrated
with Vortex Mixing Technology. This product offers beneficial attributes
including portability, convenient, effective and ingredient blending.
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an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4383
Manufacturers
are engaged in partnerships and joint ventures to offer variety of products to the consumers. The operators in
this market are focusing to add on new production facility which may produce
various product and expand their product portfolio. The industry players are
introducing new products in various forms such as water bottles, tumblers,
shakers and infusers to maintain their stability in the market.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Drinkware Market – Industry Analysis, Competitive Strategy during 2019-2025
Reviewed by snehal
on
October 14, 2019
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