Mug Market Worth USD 44.21 billion by the year 2029

February 26, 2024

Market Definition

A mug is a type of cup used to drink hot beverages like coffee, hot chocolate, or tea. Mug typically have handles and hold more fluid than other cup styles. A mug is a less formal type of drink container that is not typically used in formal settings where a teacup or coffee cup is preferred.

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Market Analysis and Size

People are becoming more environmentally conscious and prefer reusable mug. These mug can be reused after washing, reducing both degradable and non-degradable waste. Many manufacturers are innovating and designing products to make them more appealing and long-lasting. Many brands sell their products online and offer promotions and discounts. To sell their products online, many private label companies have partnerships with e-commerce companies.

Data Bridge Market Research analyses that the mug market was valued at USD 21.39 billion in 2021 and is expected to reach the value of USD 44.21 billion by 2029, at a CAGR of 9.50% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

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Recent Development

At the Ambiente houseware fair in Messe Frankfurt in March 2020, Pasabahce launched a new range of products including Napa goblets, Veneto collection of five different glassware, Elysia collection, Highness, Timeless and Amber collection, Miss tea glasses and Estrella, among others. This new product launch would allow the company to expand its already existing portfolio of drinkware products while also increasing sales.
Steelite International acquired William Edwards Limited, a company that manufactures fine bone china tableware collections, in March 2020. This strategic acquisition would allow the company to expand its existing product offerings and strengthen its global market position.

Global Mug Market Scope

The mug market is segmented on the basis of type, distribution channel, end use, capacity and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Global Mug Market, By Type (Strengthened Glass, True Porcelain, Vitreous Enamel, Stainless Steel, Plastic, Others), Application (Shaving Mug, Tiki Mug, Travel Mug, Thermochromics Mug, Puzzle Mug, Amusement Mug, Others), Distribution Channel (Online, Offline), End Use (Household, Office, Commuter, Sport, Others), Capacity (399 ml, 400-749 ml, More Than 750 ml), – Industry Trends and Forecast to 2029

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