The Europe Thermos Drinkware Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 18,480.0 thousand units, showcasing a growth of 5.7% (2019-2022).
Integrating advanced temperature control technology in this drinkware has been a game-changer. Consumers appreciate the ability to keep their beverages at the ideal temperature for an extended period. Smart thermos containers, equipped with temperature monitoring features and mobile app compatibility, appeal to tech-savvy users who seek a high level of customization and control over their drinking experience. The growing popularity of specialty beverages, such as artisanal coffees and craft teas, has driven the adoption of this drinkware.
The primary use of the drinkware is to maintain the temperature of beverages. Whether keeping coffee piping hot during a long commute or preserving the chill of a refreshing iced tea on a hot summer day, thermos containers retain the desired temperature of a wide range of drinks. The portability of this drinkware makes it an ideal solution for on-the-go hydration. Individuals can carry their preferred beverages, such as water, juices, or infused drinks, without worrying about temperature fluctuations. This use is especially valuable for those with busy lifestyles who need a convenient and reliable source of hydration throughout the day.
According to the International Trade Administration, the number of e-commerce consumers in Spain reached 30 million in 2021. eCommerce penetration was estimated at 63%, and internet penetration at 83% in 2021. By 2025, there will be 37 million eCommerce users, a 25% increase. Additionally, Germany has witnessed a growing preference for specialty teas, including herbal infusions, green teas, and other unique blends. Consumers in Germany are increasingly choosing teas for their potential health benefits. The factors mentioned above will drive the regional market growth.
The Germany market dominated the Europe Thermos Drinkware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $271.4 Million by 2030. The UK market is exhibiting a CAGR of 4.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.5% during (2023 - 2030).
Based on Type, the market is segmented into Water Bottle, Mugs & Tumblers, and Beverage Bottle. Based on Application, the market is segmented into Everyday Use, Outdoor Enthusiasts, and Specialized. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online. Based on Size, the market is segmented into 500 ml to 1,000 ml, Less than 500 ml, 1000ml & above. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Thermos Drinkware Market will Hit $4.3 Billion by 2030, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SIGG Switzerland Bottles AG, Thermos LLC, Tiger Corporation, CamelBak (Vista Outdoor), Zojirushi Corporation, HAVI Group, LP (STANLEY), Klean Kanteen, Hydro Flask (Helen of Troy Limited), KINTO Co., Ltd. and Contigo Brands (Newell Brands)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Size (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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