The Europe Thermos Bottle Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 33.3 million units, showcasing a growth of 4.6% (2019-2022).
Insulated water bottles and hydration bottles are the ideal travel companions, whether people are driving, trekking, climbing, or just relaxing. In any condition, it aids in keeping the body hydrated. Businesses in this market are developing robust two-fold partition-treated steel vacuum protection technology to provide lid substitutes. Creating an airless zone between two walls with bottle vacuum protection prevents convection and temperature change. Whatever the speculation, the beverage stays hot or extremely cold.
The major factors promoting the growth of this market are the rising popularity of outdoor activities, as well as brand promotional activities such as product planning & design, direct marketing, and more rack space provided by major retail brands. Increased usage of BPA-free water bottles that are 100% recyclable and environmentally beneficial is one of the emerging trends that directly affect the components of the market. The growing number of smart bottles with activity trackers and the ability to connect to other electronic devices, such as smartwatches, smartphones, and others, presents a potential opportunity for the market.
The rise of the European market is being fuelled by a change in consumer preference in Germany and the U.K. toward adopting thermos water bottles made of recycled plastic, bamboo, and other sustainable materials. The expansion of the market is primarily being supported by rising consumer knowledge of the availability of such items. The population of Europe is mostly driven by the demand for products by growing middle-income population groups and spending on travel and other outdoor activities. German regional and local governments are lobbying for laws that promote the use of reusable water bottles in light of recent developments in PET bottle recycling. The use of these bottles in the region of Europe is expected to increase as a result of all these causes.
The Germany market dominated the Europe Thermos Bottle Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $473.6 Million by 2030. The UK market is estimated to grow at a CAGR of 4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.7% during (2023 - 2030).
Based on Material, the market is segmented into Stainless Steel, Plastic, Glass and Others. Based on Application, the market is segmented into Commercial and Household. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Thermos Bottle Market is Projected to reach USD 7.1 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Thermos LLC, Fuguang Group, Panasonic Holdings Corporation, Midea Group Co., Ltd., Hydro Flask (Helen of Troy Limited), Klean Kanteen, Hamilton Housewares Pvt. Ltd., CamelBak (Vista Outdoor), LocknLock Co., and Contigo Brands (Newell Brands).
By Material (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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