The Global Thermos Drinkware Market size is expected to reach $4.3 billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 91,006.2 thousand units experiencing a growth of 5.8% (2019-2022).
Rapid urbanization and changing consumer lifestyles, characterized by busy schedules and on-the-go routines, have increased the demand for portable and insulated drinkware. Convenience stores cater to individuals with busy, on-the-go lifestyles who may not have the time for extended shopping trips. Consequently, the Convenience stores segment would acquire nearly 16% of the total market share by 2030. Urbanization has led to longer commutes and increased time spent outdoors. This drinkware provides a practical solution for commuters, allowing them to carry hot or cold beverages during their daily journeys without sacrificing temperature or flavour. Some of the factors impacting the market are expansion of coffee and tea culture, e-commerce and online retail growth and impact of supply chain issues.
The popularity of coffee and tea culture globally and regionally has led to increased demand for the drinkware. Consumers seek containers that can maintain the temperature of their favorite beverages for extended periods. The rise of specialty and artisanal coffee and tea beverages has led to a demand for containers that preserve the unique characteristics of these drinks. The popularity of cold brew coffee and iced tea has surged, especially in warmer climates. Thermos containers equipped with advanced insulation maintain the cold temperature of these beverages, providing a refreshing option for consumers. The market is expanding significantly due to the expansion of coffee and tea culture. Additionally, the growth of e-commerce platforms has made the drinkware more accessible and available to a broader consumer base. Online retail channels offer diverse options, enabling consumers to explore and purchase products conveniently. Online retailers often offer exclusive deals, discounts, and promotions on this drinkware. As a result of the e-commerce and online retail growth, the market is anticipated to increase significantly.
However, the market, like numerous other sectors, is vulnerable to global supply chain disruptions. Material shortages, transportation delays, or geopolitical events can impact production and availability. Transportation disruptions, including port congestion, shipping delays, and logistical challenges, can hinder the smooth movement of this drinkware from manufacturers to retailers. The market often emphasizes sustainability. Supply chain disruptions may affect the ability of manufacturers to source sustainable materials or implement eco-friendly practices, potentially slowing down progress in this area. Smaller or less resilient companies within the market may face difficulties, potentially leading to market consolidation or changes in market growth.
By type, the market is categorized into mugs & tumblers, water bottle, and beverage bottle. The mugs & tumblers segment covered a considerable revenue share in the market in 2022. Mugs & tumblers are popular choices for individuals commuting to work or school. The portability and spill-resistant features make them convenient for sipping coffee or tea on public transportation or in the car. With the rise of remote work and home offices, mugs and tumblers have become essential accessories. Individuals working from home can enjoy their favorite beverages throughout the day without worrying about frequent trips to the kitchen.
Based on application, the market is classified into outdoor enthusiasts, everyday use, and specialized. The outdoor enthusiasts segment acquired a substantial revenue share in the market in 2022. Outdoor activities often involve exposure to rough conditions, including rough terrains and unpredictable weather. This drinkware designed for outdoor enthusiasts prioritizes durability and resilience. Materials like stainless steel and rugged plastics are commonly used to ensure that the containers can withstand the challenges of outdoor adventures. These qualities are vital for people who carry their drinkware when hiking or backpacking.
By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, and online. The convenience stores segment recorded a remarkable revenue share in the market in 2022. Convenience stores cater to individuals with busy, on-the-go lifestyles who may not have the time for extended shopping trips. The availability of this drinkware in these stores aligns with consumers looking for practical solutions to stay hydrated while maintaining their fast-paced routines. Convenience stores often stock a variety of this drinkware sizes and designs, catering to the diverse preferences of consumers.
On the basis of size, the market is divided into less than 500 ml, 500 ml to 1000 ml, and 1000 ml & above. The less than 500 ml segment garnered a significant revenue share in the market in 2022. The less than 500 ml size is ideal for individuals who prioritize portability and on-the-go convenience. This segment caters to those who need a compact and lightweight solution for carrying beverages during daily commutes, outdoor activities, or short trips. The smaller size of thermos containers of less than 500 ml makes them suitable for fitting into smaller bags, purses, or pockets. This design feature enhances the practicality of the drinkware, ensuring that users can easily carry their preferred beverages without compromising on space.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.7 Billion |
| Market size forecast in 2030 | USD 4.3 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.9% from 2023 to 2030 |
| Number of Pages | 420 |
| Number of Tables | 890 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Size, Distribution Channel, Application, Region |
| Country scope |
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| Companies Included | 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) |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. The fast-paced lifestyles of North American consumers, especially in urban areas, have contributed to the increased adoption of this drinkware. The thriving coffee culture in North America and the popularity of specialty beverages have driven the demand for this drinkware. The North American region offers diverse outdoor recreational opportunities.
Free Valuable Insights: Global Thermos Drinkware Market size to reach USD 4.3 Billion by 2030
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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
The Market size is projected to reach USD $4.3 billion by 2030.
E-commerce and online retail growth are driving the Market in coming years, however, Impact of supply chain issues restraints the growth of the Market.
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)
In the year 2022, the market attained a volume of 91,006.2 thousand units experiencing a growth of 5.8% (2019-2022).
The Water Bottle segment generated the highest revenue in the Market by Type in 2022; thereby, achieving a market value of $2.4 Billion by 2030.
The North America region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.5 Billion by 2030.
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