Global Thermos Bottle Market

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 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.

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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).

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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Global Thermos Bottle Market

Product ID: SQMIG25I2013

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