Product ID: SQMIG25I2013
Thermos Bottle Market Size, Share, Growth Analysis, By Type (Stainless steel, plastic), By Application (Household, and commercial ) - Industry Forecast 2024-2031
Report ID:
SQMIG25I2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
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.
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