Beer Mug Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the beer mug market and it is expected to grow by $ 13.51 mn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Beer Mug Market: Key Trends to impact market growth
The increased sales and reach of beer among customers will facilitate the beer mug market growth in APAC over the forecast period. 42% of the market growth will originate from APAC during the forecast period. China is a key market for beer mugs in APAC. Market growth in APAC will be faster than the growth of the market in other regions. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Beer Mug Market: Top Drivers to Boost Demand
The growing number of pubs, bars, hotels, and home bars is one of the primary factors driving the growth of the beer mug market. The increase in the number of microbreweries and the popularity of macro breweries will drive the growth of the beer mug market. There has been an increase in the number of alcohol-specific outlets and franchises across the globe, which is driving the demand for beer mugs.The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Arc Holdings, Bormioli Rocco Spa and Femora India Pvt. Ltd. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arc Holdings, Bormioli Rocco Spa, Femora India Pvt. Ltd., Hamilton Housewares Pvt. Ltd., Libbey Inc., Ocean Glass Public Co. Ltd., Stolzle-Oberglas GmbH , Turkiye Sise ve Cam Fabrikalari AS, Union Glass Co. Ltd., and Vetreria di Borgonovo Spa are some of the major market participants.
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Beer Mug Market: Key Highlights of the Report for 2021-2025
