The Asia Pacific Thermos Bottle Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 34.3 million units, showcasing a growth of 5.2% (2019-2022).
This market has expanded due to increased recreational sports participation among consumers. Sports & outdoor activities raise the need for water, leading to bottle requirements. People choose to use these bottles since they have advantages such as keeping the liquid's temperature, preserving for a longer time, and many more. The portable, temperature-retaining beverage container market is propelled by several factors catering to consumer preferences. These goods are well-liked by commuters, tourists, and outdoor enthusiasts due to their portability and convenience.
Drinks may be kept at the proper temperature for hours using a thermos bottle, which is one of its main advantages. It's perfect for outdoor activities, lengthy journeys, and working days because of this. With a high-quality thermos, one can begin their day by having a hot cup of coffee or tea and continue to enjoy it through midday. Similar to this, even on a hot day, one may keep a cold drink icy and refreshing. Consumption is increasing because of the rising demand for the product among persons engaged in physically demanding occupations, including construction, sewage treatment, mining, and other similar jobs.
Sports have an important role in the development of regional countries like India. India has advanced steadily in recent years in the field of sports. In an effort to boost participation, the government has also offered support for sports. In light of this, the Khelo India program was put in place to restore India's sports tradition by building a strong infrastructure for all sports played in the nation and re-establishing India as a great athletic nation. Sports participation in the APAC region is expected to rise due to these causes. As more people participate in sports, this market in the region is predicted to have enormous growth potential.
The China market dominated the Asia Pacific Thermos Bottle Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $534.1 Million by 2030. The Japan market is anticipated to grow at a CAGR of 5% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 6.3% during (2023 - 2030).
Based on Material, the market is segmented into Stainless Steel, Plastic, Glass and Others. Based on Application, the market is segmented into Commercial and Household. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Thermos Bottle Market is Projected to reach USD 7.1 Billion by 2030, at a CAGR of 5.1%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Thermos LLC, Fuguang Group, Panasonic Holdings Corporation, Midea Group Co., Ltd., Hydro Flask (Helen of Troy Limited), Klean Kanteen, Hamilton Housewares Pvt. Ltd., CamelBak (Vista Outdoor), LocknLock Co., and Contigo Brands (Newell Brands).
By Material (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 