What is the global market size of Thermos Bottle Market?

Global Thermos Bottle Market size was valued at USD 4.9 billion in 2021 and is poised to grow from USD 5.12 billion in 2022 to USD 7.29 billion by 2030, growing at a CAGR of 4.93% in the forecast period (2023-2030).

Thermos Bottle Market Size, Share, Growth Analysis, By Type (Stainless steel, plastic, glass, and others), By Application (Household, and commercial ), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25I2013 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 63 | Figures: 75

Thermos Bottle Market Dynamics

Thermos Bottle Market Driver

Major companies are keeping on innovating and launching new technology-based bottle items regularly to captivate customers, this in result, driving the sales of the thermos bottle on the account of environmental sustainability. Moreover, the increasing development of water bottle-related market campaigns by corporations will support to increase the rate of such items usage.

Thermos Bottle Market Restraint

Easy and widespread availability of the cheaper bottle products is hampering the growth of the market. Furthermore, the use of stainless-steel thermos bottle for longer use may crate the risk of liquid contamination, which is inhibiting the product demand. Intense rivalry from local industry competitors is impeding the future market growth.

Thermos Bottle Market Report Snapshots

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Thermos Bottle Market size was valued at USD 4.9 billion in 2022 and is poised to grow from USD 5.12 billion in 2023 to USD 7.29 billion by 2031, growing at a CAGR of 4.93% in the forecast period (2024-2031).

Global thermos bottle market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Thermos LLC', 'Tiger Corporation', 'Zojirushi Corporation', 'Pacific Market International (PMI)', 'SIGG Switzerland AG', 'Klean Kanteen', 'Contigo', 'Hydro Flask', 'S'well Corporation', 'Nalgene Outdoor', 'Yeti Holdings Inc.', 'Stanley Black & Decker, Inc.', 'CamelBak Products LLC', 'Swell Inc.', 'Manna Hydration', 'Miir', 'EcoVessel', 'O2COOL, LLC', 'Ignite USA, LLC (Thermos)'

Major companies are keeping on innovating and launching new technology-based bottle items regularly to captivate customers, this in result, driving the sales of the thermos bottle on the account of environmental sustainability. Moreover, the increasing development of water bottle-related market campaigns by corporations will support to increase the rate of such items usage.

Thermos bottles are being used in commercial places such as restaurants and hotels for several reasons to keep their product securely including storing cold drinks, and keeping food hot at safe temperatures during transportation.

The North America region dominated the market with a 35 % share in 2021 because people in the region commonly use thermos flasks and bottles to keep ready-to-drink (RTD) fruit juices, coffee, tea, and milk products. The region is leading with the high demand for ready-to-drink liquid products in the U.S., and Canada. Furthermore, the rising indoor and outdoor leisure activities among the population in this region on the account of keeping themselves hydrated are driving the thermos bottle market growth in the region.

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Thermos Bottle Market Size, Share, Growth Analysis, By Type (Stainless steel, plastic, glass, and others), By Application (Household, and commercial ), By Region - Industry Forecast 2024-2031

Thermos Bottle Market Dynamics

Thermos Bottle Market Report Snapshots

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