(MENAFN- IMARC Group)
The latest report published by IMARC Group, titled“ Thermos Bottle Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on
thermos bottle market size . The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global thermos bottle market size reached US$ 5.1 Billion in 2023. Looking forward, IMARC Group expects the
market to reach US$ 7.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Request to Get the Sample Report:
https://www.imarcgroup.com/thermos-bottle-market/requestsample
Factors Affecting the Growth of the Thermos Bottle Industry:
Consumer Awareness and Demand for Sustainable Products:
In recent years, there has been a significant increase in consumer awareness regarding environmental sustainability and the need to reduce single-use plastics. This heightened consciousness has driven a surge in demand for reusable and eco-friendly products, including thermos bottles. Consumers are actively seeking alternatives to disposable cups and bottles, opting instead for durable, insulated containers that can keep their beverages hot or cold for extended periods. As the global movement towards sustainability continues to gain momentum, the thermos bottle industry is poised for substantial growth. Manufacturers are responding to this demand by innovating new designs, materials, and features to cater to environmentally conscious consumers.
Technological Advancements and Product Innovation:
The thermos bottle industry is witnessing rapid technological advancements and innovation, leading to the development of more efficient and functional products. Manufacturers are investing in research and development to enhance insulation technologies, improve durability, and optimize usability. Innovations such as vacuum insulation, advanced materials like stainless steel and borosilicate glass, and ergonomic designs are driving consumer interest and adoption of thermos bottles. Additionally, the integration of smart features such as temperature monitoring, wireless charging capabilities, and compatibility with mobile applications further enhances the appeal of thermos bottles, especially among tech-savvy consumers. As companies continue to invest in innovation, the market for thermos bottles is expected to expand, offering a wider range of options to consumers.
Changing Lifestyles and Urbanization Trends:
The shift towards urban living and increasingly busy lifestyles has contributed to the growing popularity of thermos bottles as essential accessories for on-the-go hydration. With more people commuting to work, traveling, and engaging in outdoor activities, there is a growing need for portable, reliable containers to keep beverages at the desired temperature throughout the day. Thermos bottles offer convenience, allowing users to enjoy their favorite hot or cold drinks anytime, anywhere, without relying on disposable alternatives. Moreover, as urbanization continues to rise, particularly in emerging economies, the demand for thermos bottles is expected to escalate further, driven by the growing urban population's preference for sustainable and practical lifestyle solutions.
Explore Full Report with Table of Contents:
https://www.imarcgroup.com/thermos-bottle-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Anhui Fuguang Life Technology Co. Ltd. Borosil EMSA GmbH (Groupe SEB) Hydro Flask (Helen of Troy Limited) Klean Kanteen New Leaf Retail Technologies Private Limited Thermos L.L.C. Tiger Corporation Zhejiang Haers Vacuum Container Co. Ltd. Zojirushi Corporation
Thermos Bottle Market Report Segmentation:
By Material
Stainless Steel Plastic Others
Stainless steel represented the largest segment in the thermos bottles market by material due to its durability, superior insulation properties, and widespread adoption in premium-quality thermos bottles.
By Application:
The commercial sector represented the largest segment in the thermos bottles market by application as businesses, offices, and catering services often purchase thermos bottles in bulk for serving beverages to employees, customers, and guests.
By Distribution Channel:
Offline represented the largest segment in the thermos bottles market by distribution channel because many consumers prefer to physically inspect and purchase thermos bottles from stores to ensure quality and suitability before making a purchase.
By Region:
North America (United States, Canada) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
North America's dominance in the thermos bottle market is attributed to factors such as a high demand for on-the-go beverage containers, a culture of sustainability, and the presence of established brands offering a wide range of thermos bottle options.
Global Thermos Bottle Market Trends:
The global market is primarily driven by the changing lifestyles of modern consumers, characterized by hectic work schedules and frequent travel, which have heightened the demand for portable beverage containers like thermos bottles. Additionally, with the rising disposable income levels worldwide, consumers are increasingly willing to invest in high-quality products that offer long-term value and convenience is further driving market growth.
Moreover, the growing online retailers offer a wide range of options, competitive pricing, and convenient shipping options, driving sales and market growth. Furthermore, the growing trend of personalization in consumer goods has extended to thermos bottles, with manufacturers offering customization options such as engraved designs, color choices, and personalized labels is propelling market growth.
Key highlights of the report:
Market Performance (2018-2023) Market Outlook (2024-2032) Porter's Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
MENAFN11032024004122016232ID1107961266
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.