Thermos Bottle Market Size to Worth USD 7.22 Billion by 2030
The global thermos bottle market covered major segments by Material (Stainless Steel, Plastic, Glass, and Others), by Application (Household and Commercial), and by Regional Forecast, and Others.
Pune, India, July 17, 2023 (GLOBE NEWSWIRE) -- The global thermos bottle market size was valued at USD 4.93 billion in 2022 and is projected to grow from USD 5.14 billion in 2023 to USD 7.22 billion by 2030, exhibiting a CAGR of 4.98% during the forecast period. Fortune Business Insights™ mentioned this in a report titled "Thermos Bottle Market, 2023-2030." Individuals essentially use thermos bottles and cups to keep themselves hydrated. Such products are majorly available in different sizes and colors in the market.
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List of Key Players Profiled in the Thermos Bottle Market Report:
Thermos LLC (U.S.)
Nanlong Group Co. Ltd. (China)
Eternal (U.S.)
Anhui Fugaung Life Technology Co. Ltd. (China)
ZHE JIANG HAERS VACUUM CONTAINERS Co. Ltd. (China)
ISOSTEEL Deutschland GmbH (Germany)
Midea Group (China)
Panasonic Corporation (Japan)
Laken Productos Deportivos S.A. (Spain)
EMSA (Germany)
Report Scope & Segmentation:
Report Attributes
Details
Forecast Period
2023-2030
Forecast CAGR
4.98%
2030 Value Projection
USD 7.22 Billion
Market Size in 2022
USD 4.93 Billion
Historical Data
2019-2021
No. of Pages
195
Report Coverage
Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
By Material
By Application
By Region
Regions Covered
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Thermos Bottle Market Growth Drivers
Companies Introduce Innovative Thermos Bottle Products to Drive Market
Increased Spending from Consumers Towards Sports and Leisure to Support Market
Browse Detailed Summary of Research Report with TOC:
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Report Coverage-
This report covers the synopsis of this market that provides the market analysis, knock of COVID-19, segmentation, drivers, regional insights, competitive landscape, new growth, and presence of achievers in the market. Changes in the market are subjected to demand changes in the forecast period.
Drivers & Restraints-
Increased Spending from Consumers towards Leisure and Sports to Help Market
Nowadays, consumers are spending more on outdoor and sports leisure products such as water bottles, wearables, backpacks, thermos, shoes, and others will ease the companies’ sales revenues from such products, thereby escalating the market growth. People face health-related issues due to their limited water intake habits. Hence, growing awareness regarding individuals’ health and well-being further helps the product demand globally. However, wide availability and easier consumer accessibility to cheaper bottle products will impact the key companies’ product revenues. Moreover, the frequency of liquid contamination from using stainless steel-based thermos water bottles is anticipated to hamper the thermos bottle market growth.
COVID-19 Impact-
Restrictions amid COVID-19 Lockdown to Impact the Impact the Market Growth Negatively
The sudden outbreak of COVID-19 pandemic-related lockdown regulations in many countries globally hindered product sales from these stores. Moreover, the closure of the companies’ thermos bottle manufacturing sites owing to such restrictions significantly impacted the market growth during the pandemic. Consumers preferred cardboard or glass material-based bottles over single-use plastic-based bottles to mitigate the spreading of coronavirus infection from plastic surfaces. Hence, this offered newer industry growth opportunities during the COVID-19 pandemic.
Segmentation:-
High Strength and Durability led Stainless Steel Segment to Dominate Market Share
Based on the material, the thermos bottle market share is divided into glass, stainless steel, and plastic. The stainless steel segment holds the biggest market share tensile strength of the stainless steel material, which offers longer life to particular bottles.
The plastic segment is driven by the cost-effectiveness of plastic-based water bottles over other material types.
Commercial Segment to Led the Leading Market Position
On the basis of application, the is bifurcated into household and commercial. The commercial segment holds the largest market share due to noteworthy demand from students and working professionals for thermos water bottles. Moreover, rising consumer inclination towards outdoor activities such as running, hiking, and cycling helps the product demand, thereby driving commercial segmental growth.
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Regional Insights-
Due to the Increase in Demand for RTD Liquid Products to Drive the North America Market
Increasing demand for thermos flasks & bottles to store ready-to-drink (RTD) fruit juices, tea, milk products, and coffee. This region is anticipated to hold the subsequent share due to the increasing demand from the U.S. and Canada for RTD liquid products.
Asia Pacific is predicted to grow faster for the global thermos water bottle market due to growth in commercial and residential infrastructural settings in India and China. The data provided by the Reserve Bank of India (RBI) and the Government of India (GoI) in the fourth quarter of 2020, housing sales in India’s top seven metro cities jumped by 73% over the previous quarter period.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Market Trends
Key Insights
Overview of the Parent/Related Markets
Regulatory Analysis
Industry SWOT Analysis
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Impact of COVID on Supply Chain of Thermos Bottle Market
Impact of COVID-19
Supply Chain Challenges
Potential Opportunities due to COVID-19
Global Thermos Bottle Market Analysis, Insights and Forecast, 2019-2030
Key Findings / Summary
Market Size Estimates and Forecast by Material (Value)
Stainless Steel
Plastic
Glass
Others
By Application (Value)
Household
Commercial
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued...!
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Competitive Landscape-
Partnerships, Mergers, and Business Expansion are the Key Strategies Driving the Market
Nowadays, companies focus on offering feasible-made bottle products to contribute towards environmental maintenance. Moreover, they introduce multiple promotional campaigns to promote their products globally. Thermos LLC. Lifefactory introduced a wide neck vacuum insulated stainless steel baby bottle in the U.S. market.
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Fortune Business Insights™"Thermos Bottle Market, 2023-2030."Get a Free Sample Research Report:List of Key Players Profiled in the Thermos Bottle Market Report:Report AttributesDetailsBrowse Detailed Summary of Research Report with TOC:Report Coverage-Drivers & Restraints-Increased Spending from Consumers towards Leisure and Sports to Help MarketCOVID-19 Impact-Restrictions amid COVID-19 Lockdown to Impact the Impact the Market Growth NegativelySegmentation:-High Strength and Durability led Stainless Steel Segment to Dominate Market ShareCommercial Segment to Led the Leading Market PositionGet a Quote Now:Regional Insights-Due to the Increase in Demand for RTD Liquid Products to Drive the North America MarketDetailed Table of Content:IntroductionExecutive SummaryMarket DynamicsKey InsightsGlobal Thermos Bottle Market Analysis, Insights and Forecast, 2019-2030TOC Continued...!Speak to Our Expert:Competitive Landscape-Partnerships, Mergers, and Business Expansion are the Key Strategies Driving the MarketRead Related Insights:About Us:Fortune Business Insights™Address:Phone:USUKAPACEmailFollow Us: