What is Thermos Bottle Market?
Thermos bottle is designed ad hoc that preserve temperature of hot and cold drinks. It has been inferred that there are wide variety of thermos bottles available in the market with different material type, size, design, color, and shape. Thermos bottle market is considered as an extremely differentiated market owing to the presence of a large number manufacturer along with vast a variety of the bottle products.
The market study is being classified by Type (Fine Mouth Type, Big Mouth Type and Cup Type), by Application (Home and Commercial) and major geographies with country level break-up.
EMSA (Germany), Eternal (Taiwan), Anhui Fuguang Industrial Co. Ltd. (China), ZheJiang Haers Vacuum Containers Co.Ltd (China), Isosteel (Germany), Laken (Spain), LOCK&LOCK (South Korea), Midea (China), Nanlong (China), Panasonic (Japan), Shangpengtang and Shunfa (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are SIBAO (China), Stanley (United States), SUPOR (China) and Tafuco (China).
Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Thermos Bottle market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Thermos Bottle market by Type, Application and Region.
On the basis of geography, the market of Thermos Bottle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- A drastic increase in the demand for thermos bottles for sports and travel
- Change in consumer inclination and lifestyle coupled with the improvement in the standard of living
Market Trend
- A continuous rise in the trend of online shopping
- Versatile use of thermos bottles
Restraints
- High cost of thermos bottle
Opportunities
- Rise in personal disposable income in emerging economies
- Thermos offers a wide array of lid options that accommodate personal preferences
Challenges
- High cost of manufacturing raw material
- Health concerns regarding the use of plastic inside thermos bottle can impede the growth of the very market