Thermos Bottle Market Size, Share, Growth Analysis, By Type (Stainless steel, plastic, glass, and others), By Application (Household, and commercial ), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25I2013 | Region: Global | Published Date: July, 2024
Pages: 157 |Tables: 63 |Figures: 75

Thermos Bottle Market Insights

Thermos Bottle Market size was valued at USD 4.9 billion in 2019 and is poised to grow from USD 5.12 billion in 2023 to USD 7.29 billion by 2031, growing at a CAGR of 4.93% in the forecast period (2024-2031).

A thermos bottle is made with the purpose of preventing hot water from cooling down in three different ways such as supporting the inner container by a few heat-insulating supporters for reducing the heat loss via heat conduction; using a vacuum space between the inner and outer vessels to remove the heat loss by the air convection; and giving a high reflectivity to the inner surface of the outer vessel and the whole surface of the inner container to eliminate the heat loss on account of the radiation cooling. These bottles are found with fine mouth type, big mouth type, and cup type; and are commonly found in homes for coffee or tea. These are further available in bulk quantities in a variety of sizes and colors.

Increasing use of thermos cups and thermos bottles to keep hydrated with its many benefits including durability, hygienic, and others. Vacuum layer is critical to sustain the temperature of the liquids inside the insulated bottles. Companies are also focussing on providing innovative bottles which support users to keep their drinks fresher for longer time, resulting in propelling the growth of thermos bottle market globally during the forecast period.

US Thermos Bottle Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 4.9 billion

Largest Segment

Commercial

Fastest Growth

Household

Growth Rate

4.93% CAGR

Global Thermos Bottle Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Thermos Bottle Market Segmental Analysis

Global thermos bottle market is segmented based on the type, application, and region. Based on type, the market is segmented into stainless steel, plastic, glass, and others. Based on application, the market is segmented into household, and commercial. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Thermos Bottle Market Analysis by Type

Based on type, thermos bottle market is segmented into stainless steel, plastic, glass, and others. Among others, the stainless-steel segment captured the global market with a 44% growth rate in 2021, all thanks to the benefits of stainless steel which can provide sustainable life to these bottles. The stainless-steel segment increased its product sales due to the better insulating capability of stainless-steel material-based bottles.

Plastic-based water bottles can be recycled and are also economical among alternative materials which are responsible for the plastic segment growth. The segment of glass is mainly driven by the extensive availability of glass bottles in various forms and sizes.

Thermos Bottle Market Analysis by Application

Based on application, the thermos bottle market is segmented into household, and commercial. The commercial segment is growing due to the increasing demand for thermos bottles from students and working professionals. Other factors such as outside activities like hiking, cycling, and running are favouring the product demand, which is resulting in commercial segment growth.

The increasing residential infrastructure and changing consumer needs are the primary drivers of the product demand in the residential segment. Important factors responsible for the residential segment growth is video gaming, cooking, and other indoor leisure activities.

Global Thermos Bottle Market By Application, 2021 (%)

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Thermos Bottle Market Regional Insights

The North America region dominated the market with a 35 % share in 2021 because people in the region commonly use thermos flasks and bottles to keep ready-to-drink (RTD) fruit juices, coffee, tea, and milk products. The region is leading with the high demand for ready-to-drink liquid products in the U.S., and Canada. Furthermore, the rising indoor and outdoor leisure activities among the population in this region on the account of keeping themselves hydrated are driving the thermos bottle market growth in the region.

Asia Pacific is further expected to experience significant growth at a CAGR of 4.29% over the forecast period owing to the growing residential and commercial infrastructure establishments in the developing economies such as China, and India.

Increasing consumer preference in European countries such as Germany, and the U.K. towards thermos water bottles composed of recycled plastic, bamboo, and other sustainable materials.

The Middle East and Africa in terms of thermos bottles market is growing due to the growing middle-income demographic groups and their expenditure on traveling and other outdoor activities.

Global Thermos Bottle Market By Geography, 2021-2028
  • Largest
  • Fastest

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Thermos Bottle Market Dynamics

Thermos Bottle Market Driver

  • Major companies are keeping on innovating and launching new technology-based bottle items regularly to captivate customers, this in result, driving the sales of the thermos bottle on the account of environmental sustainability. Moreover, the increasing development of water bottle-related market campaigns by corporations will support to increase the rate of such items usage.

Thermos Bottle Market Restraint 

  • Easy and widespread availability of the cheaper bottle products is hampering the growth of the market. Furthermore, the use of stainless-steel thermos bottle for longer use may crate the risk of liquid contamination, which is inhibiting the product demand. Intense rivalry from local industry competitors is impeding the future market growth.

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Thermos Bottle Market Competitive Landscape

Global thermos bottle market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

Thermos Bottle Market Top Player's Company Profiles  

  • Thermos LLC
  • THERMOS (Hong Kong) Limited
  • Tiger Corporation
  • Zojirushi Corporation
  • Pacific Market International (PMI)
  • SIGG Switzerland AG
  • Klean Kanteen
  • Contigo
  • Hydro Flask
  • S'well Corporation
  • Nalgene Outdoor
  • Yeti Holdings Inc.
  • Stanley Black & Decker, Inc.
  • CamelBak Products LLC
  • Swell Inc.
  • Manna Hydration
  • Miir
  • EcoVessel
  • O2COOL, LLC
  • Ignite USA, LLC (Thermos)

Thermos Bottle Market Recent Developments

  • In May 2021, Ocean Bottle, a sustainable water bottle manufacturer, collaborated with GAIL Bakery for developing the NFC smart chip impact platform to promote its brand and contribute further to environmental sustainability.
  • In February 2021, Thermos LLC debuted a collection of unique, insulated thermos bottles, food containers, and lunch packs in a partnership with Rachel Ellen, which is a greeting card and stationery designer.

Thermos Bottle Key Market Trends

  • Thermos bottles are being used in commercial places such as restaurants and hotels for several reasons to keep their product securely including storing cold drinks, and keeping food hot at safe temperatures during transportation.

Thermos Bottle Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global thermos bottle market analysis, Asia Pacific (APAC) will be the fastest region on the account of sales of thermos bottles due to the presence of key market players in India, and China. The increasing spending on sports and outdoor leisure products including backpacks, thermos water bottles, and other items may help enterprises drive the sales, resulting in market growth over the forecast period. Because of less water intake habits, individuals are experiencing excessive sweating, nausea, and other dehydration-related disorders. Some disciplinary action helping people to conscious about their health and well-being; and this will favour the product demand across the world.

Report Metric Details
Market size value in 2019 USD 4.9 billion
Market size value in 2031 USD 7.29 billion
Growth Rate 4.93%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type 
    • Stainless steel, plastic, glass, and others
  • Application 
    • Household, and commercial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Thermos LLC
  • THERMOS (Hong Kong) Limited
  • Tiger Corporation
  • Zojirushi Corporation
  • Pacific Market International (PMI)
  • SIGG Switzerland AG
  • Klean Kanteen
  • Contigo
  • Hydro Flask
  • S'well Corporation
  • Nalgene Outdoor
  • Yeti Holdings Inc.
  • Stanley Black & Decker, Inc.
  • CamelBak Products LLC
  • Swell Inc.
  • Manna Hydration
  • Miir
  • EcoVessel
  • O2COOL, LLC
  • Ignite USA, LLC (Thermos)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Thermos Bottle Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Thermos Bottle Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Thermos Bottle Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Thermos Bottle Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Thermos Bottle Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Thermos Bottle Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Thermos Bottle Market size was valued at USD 4.9 billion in 2019 and is poised to grow from USD 5.12 billion in 2023 to USD 7.29 billion by 2031, growing at a CAGR of 4.93% in the forecast period (2024-2031).

Global thermos bottle market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Thermos LLC', 'THERMOS (Hong Kong) Limited', 'Tiger Corporation', 'Zojirushi Corporation', 'Pacific Market International (PMI)', 'SIGG Switzerland AG', 'Klean Kanteen', 'Contigo', 'Hydro Flask', 'S'well Corporation', 'Nalgene Outdoor', 'Yeti Holdings Inc.', 'Stanley Black & Decker, Inc.', 'CamelBak Products LLC', 'Swell Inc.', 'Manna Hydration', 'Miir', 'EcoVessel', 'O2COOL, LLC', 'Ignite USA, LLC (Thermos)'

Major companies are keeping on innovating and launching new technology-based bottle items regularly to captivate customers, this in result, driving the sales of the thermos bottle on the account of environmental sustainability. Moreover, the increasing development of water bottle-related market campaigns by corporations will support to increase the rate of such items usage.

Thermos bottles are being used in commercial places such as restaurants and hotels for several reasons to keep their product securely including storing cold drinks, and keeping food hot at safe temperatures during transportation.

The North America region dominated the market with a 35 % share in 2021 because people in the region commonly use thermos flasks and bottles to keep ready-to-drink (RTD) fruit juices, coffee, tea, and milk products. The region is leading with the high demand for ready-to-drink liquid products in the U.S., and Canada. Furthermore, the rising indoor and outdoor leisure activities among the population in this region on the account of keeping themselves hydrated are driving the thermos bottle market growth in the region.

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