Thermos Bottle Market Size To Worth Usd 7.22 Billion By 2030 | With A 4.98% Cagr

(MENAFN- GlobeNewsWire - Nasdaq) 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 InsightsTM 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:

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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