The North America Thermos Bottle Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 40.3 million units, showcasing a growth of 4.0% (2019-2022).
A thermos bottle is designed to prevent hot beverages from cooling down by using three different methods: promoting the inner container having a few heat-insulating supporters to eliminate heat loss through heat conduction, creating a vacuum space among both inner & outer vessels to eliminate heat loss through air convection; and giving the inner surface of the outer vessel as well as the entire surface of the inner container a high degree of reflectivity to eradicate heat loss. These bottles, frequently found in households for coffee or tea, come in fine mouth, big mouth, and cup varieties. These come in various sizes and colors and can be purchased in quantity.
Increasing the usage of thermos cups and bottles to stay hydrated due to its many advantages, such as durability and hygienic properties. To maintain the temperature of the liquids within the insulated bottles, a vacuum layer is essential. Innovative bottles that help customers keep their beverages fresher for longer. The market will rise globally during the forecast period because companies focus on developing novel bottles that help users keep their beverages fresher for extended periods.
People in North America travel more frequently both domestically and abroad due to duties related to their work, education, or vacations. People in this region have higher discretionary income, and the U.S. and Canada have top-notch travel & tourism facilities and world-class colleges and universities that make traveling in the region more convenient, both of which contribute to market expansion.
The growth of the market is influenced by factors such as the rise in travel costs, the number of trekking locations, camping grounds, and outdoor activities. Sports organizations in the U.S. draw tourists from the 25 to 40 age range by promoting outdoor recreational activities. Outdoor recreation opportunities and the region's expanding travel & tourism sector have increased demand for these bottles.
The US market dominated the North America Thermos Bottle Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.7 Billion by 2030. The Canada market is poised to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 5.8% 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 U.S., Mexico, Canada, and Rest of North America.
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)
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