Lucintel’s latest market report analyzed that steel drinkware provides attractive opportunities in the home and office premises. The steel drinkware market is expected to reach $0.63 billion by 2028 with a CAGR of 1.9%. In this market, up to 200 ml is the largest segment by product type, whereas home is largest by application.
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Based on product type, the steel drinkware market is segmented into up to 200 ml, 201~400 ml, 401~600 ml, 601~800 ml, and above 800 ml. The up to 200 ml segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the high demand for drinkware that holds up to 200 ml among Asian consumers as it supports hot drinks.
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The Steel Drinkware Market is marked by the presence of several big and small players. Some of the prominent players offering steel drinkware include YETI, HydroFlask, Tervis, Igloo, and Coleman.
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