Thermos Bottle Market to Hit USD 7.22 Billion by 2030; Introduction of Innovative Thermos Bottle Products by Market Players to Augment Growth

The thermos bottle market size is projected to grow from USD 5.14 billion in 2023 to USD 7.22 billion by 2030. As per a report by Fortune Business Insights™ titled, “Thermos Bottle Market Size, Share & COVID-19 Impact Analysis, By Material (Stainless Steel, Plastic, Glass, and Others), By Application (Household and Commercial), and By Regional Forecast, 2023-2030”. The vacuum layer plays an essential role in maintaining the liquids’ temperature level inside the thermos water bottles.

Lockdown Trend amid COVID-19 Impacted the Market Growth

Shutting down supermarkets and departmental stores owing to the pandemic-related lockdown regulations in numerous countries globally impacted the market growth negatively of these stores. Moreover, the closing of the companies’ thermos bottle manufacturing sites owing to such restrictions considerably impacted the growth of the market during COVID-19.

Companies Launching Unique and Advanced Thermos Bottle Products to Propel Market

Recently, prominent players are continuously introducing advanced and innovative technology-based bottle products to draw consumers’ attention to buy such products. This will propel the thermos bottle market growth. Moreover, the regular launching of new water bottle-related market campaigns will back the consumption rate of such products.

O2C Brands Acquired U-Konserve and EcoVessel to Expand Product Line Globally

In June 2022, O2C Brands announced the acquisition of two new brands U-Konserve and EcoVessel. The Ecovessel brand markets premium insulated mugs, stainless steel water bottles, tumblers, and others. The acquisition will help the company in increasing the product line and revenue of the company.

New Product Introduced Help Key Players to Stay Competitive in the Market

Key industry players adopt different competitive strategies, such as new product launches assist market players in unblocking various business opportunities through diversified product reach with a wide distribution channel due to the presence of e-commerce and retailers globally.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/thermos-bottle-market-104435

Notable Industry Development:

• January 2023 - Xiaomi launched the MIJIA Thermos Flask with a large 1.8-liter capacity and priced at USD 19.

List of the Companies Profiled in the Report:

• Thermos LLC (U.S.)
• Nanlong Group Co. Ltd. (China)
• Eternal (U.S.)
• Anhui Fugaung Life Technology Co. Ltd. (China)
• ZHE JIANG HAERS VACUUM CONTAINERS Co. Ltd. (China)
• ISOSTEEL Deutschland GmbH (Germany)
• Midea Group (China)
• Panasonic Corporation (Japan)
• Laken Productos Deportivos S.A. (Spain)
• EMSA (Germany)

Further Report Findings:

• North America market to dominate the thermos bottle market share owing to the increase in demand for thermos bottles & flasks to store ready-to-drink (RTD) milk products, fruit juices, coffee, and tea. Increasing outdoor & indoor leisure trends among the region’s population further drive the North America thermos bottle industry.
• Asia Pacific will grow faster for the thermos water bottle market due to the rise in commercial and residential infrastructural settings in India and China.
• The data provided by the Reserve Bank of India (RBI) and the Government of India (GoI) in the fourth quarter of 2020, a 73% hike was witnessed in housing sales in India’s top seven metro cities.

Table of Segmentation: