The latest report by IMARC Group, titled “Thermos Bottle Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the thermos bottle market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
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.
A thermos bottle is a container designed to keep liquids hot or cold by incorporating a double-walled construction with a vacuum between the walls. This vacuum significantly reduces heat transfer by conduction or convection, making the thermos an ideal choice for various everyday applications, including storing hot beverages, including coffee or tea, for extended periods or cold drinks such as iced water or juice during hot weather. The utility of a thermos bottle extends to transporting homemade soups to work or preserving the temperature of infant formula during travel.
The main advantages of thermos bottles include their ability to maintain temperature stability, which enhances convenience, promotes hydration by allowing the carrying of personalized, temperature-controlled beverages, and aids in reducing waste by minimizing reliance on disposable containers. Thermos bottles come in various types to suit different needs, stainless steel flasks are durable and robust, glass-lined ones offer a taste-neutral vessel, while plastic models provide a lightweight alternative.
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Market Trends:
The increasing awareness of environmental sustainability and the rising demand for reusable and eco-friendly products are driving the global market. As consumers become more environmentally conscious, there is a shift away from single-use plastic bottles to durable, reusable alternatives, such as thermos bottles. This trend is further supported by stringent regulations and initiatives by governments worldwide aimed at reducing plastic waste, which encourages consumers to opt for sustainable options. Another crucial driver is the growing health and wellness trend. Consumers are more health-conscious and prefer to carry their beverages to maintain hygiene and ensure they are consuming healthy drinks.
Furthermore, technological advancements in insulation technology are also propelling the market forward. Innovations in vacuum insulation and double-walled stainless steel construction have significantly enhanced the performance of thermos bottles, making them more efficient in temperature retention. Besides, the rise in outdoor recreational activities and adventure sports is another driver propelling the market. Moreover, the increasing disposable income and changing lifestyle patterns, especially in emerging economies, are contributing to market growth.
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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 Segmentation:
Our report has categorized the market based on region, material, application, and distribution channel.
Breakup by Material:
- Stainless Steel
- Plastic
- Others
Breakup by Application:
- Household
- Commercial
Breakup by Distribution Channel:
- Online
- Offline
Breakup 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)
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.
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