Thermos Drinkware Market Heats Up: Projected 6% Growth to Reach USD 5 Billion by 2030
According to a new report by Univdatos Market Insights, Thermos Drinkware Market, is expected to reach USD 5 Billion in 2030 by growing at a CAGR of 6%. Thermos glassware has emerged as a versatile and popular segment within the broader thermos drinkware market. Unlike traditional metal or plastic thermos bottles, thermos glassware offers a unique combination of thermal efficiency, elegant design, and a premium user experience.
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At the core of thermos glassware are advanced double-wall or vacuum-sealed glass containers that effectively insulate hot and cold beverages. These glass vessels are not only aesthetically pleasing but also highly effective in maintaining the desired temperature of the contents for extended periods. The use of borosilicate glass or other specialized glass formulations ensures the durability and thermal shock resistance of these products. One of the key advantages of thermos glassware is the ability to showcase the color, clarity, and visual appeal of the beverage within. This makes them popular choices for serving and enjoying a variety of hot and cold drinks, from freshly brewed coffee and tea to chilled juices and smoothies. The transparent nature of the glass also allows users to easily monitor the level and temperature of the contents.
The report suggests that the Increasing Outdoor Activities is one of the major factors driving the growth of thermos drinkware during the forthcoming years. The increasing number of outdoor activities is one of the prominent factors driving the growth of the thermos drinkware market. People are seeking adventure and reconnection with nature, leading to a flourishing market for products that enhance these experiences. Thermos drinkware including bottles, mugs, and tumblers offer a convenient and sustainable way to keep beverages hot or cold for extended periods, making them perfect for hikes, camping trips, picnics, and other outdoor adventures. According to a survey conducted by the National Park Service (NPS) in the US in 2022, over 80% of park visitors bring beverages with them. With a growing focus on sustainability and reusable products, thermoses are a natural choice for these outings. Moreover, in India, the Ministry of Tourism (MoT) has observed a similar phenomenon. Domestic tourism, with a strong focus on outdoor activities, has witnessed significant growth. A 2022 MoT survey revealed that over 65% of respondents planned to prioritize outdoor experiences in their future travels. This surge in outdoor exploration translates into an increased demand for thermos drinkware in the coming years.
Recent Technological Advancements:
Technological advancements have been driving the evolution of the thermos drinkware market, offering consumers more sophisticated and feature-rich products. Here are some of the key technological advancements in the thermos drinkware industry:
1. Vacuum insulation technology: Improved vacuum insulation systems have significantly enhanced the temperature-retaining capabilities of thermos bottles and flasks. These advanced insulation technologies can keep beverages hot or cold for extended periods, often up to 24 hours or more.
2. Double-wall construction: The adoption of double-wall construction, with an air or vacuum-sealed space between the inner and outer walls, has improved the thermal efficiency of thermos drinkware. This design helps minimize heat transfer, ensuring beverages maintain their desired temperature for longer.
3. Leak-proof and spill-proof design: Manufacturers have incorporated advanced sealing mechanisms and locking systems to ensure thermos drinkware is leak-proof and spill-proof, providing a more convenient and hassle-free user experience.
4. Lightweight and durable materials: The use of lightweight, yet durable, materials such as stainless steel, copper, and high-quality plastics has made thermos bottles and flasks more portable and resistant to damage.
5. Smart features: Some thermos drinkware products now come equipped with smart features, such as temperature displays, Bluetooth connectivity, and mobile app integration, allowing users to monitor and control the temperature of their beverages remotely.
6. Eco-friendly and sustainable designs: In response to growing environmental concerns, manufacturers are increasingly focusing on developing thermos drinkware with eco-friendly and sustainable features, such as the use of recyclable materials and the incorporation of renewable energy sources for temperature regulation.
Supermarket Segment is Gaining Traction in the Market
Supermarket is a self-service store with many different kinds of food, drinks, and household items set up in other sections. A larger supermarket store has a more comprehensive selection than a grocery store. Globally, supermarkets are expanding by incorporating business intelligence into their systems. With a variety of customers in the market and a time-pressed customer, supermarkets are offering door-to-door delivery within a specific range, providing more utility to the customer. With continuously changing consumer expectations, supermarkets keep pace and find a competitive advantage over other stores. According to the National Retail Federation, in 2021, Kroger Co. operated 2,874 stores in the United States.
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Conclusion
As the demand for sustainable and versatile drinkware continues to rise, the thermos glassware market is poised for further growth and innovation. The combination of advanced thermal technology, elegant design, and the inherent benefits of glass as a material have made thermos glassware a sought-after choice among discerning consumers. Manufacturers in the thermos glassware space are constantly pushing the boundaries, introducing new features and design elements to cater to the evolving preferences of the market. From the incorporation of smart technology, such as temperature regulation and wireless charging capabilities, to the use of premium materials and finishes, these innovations are elevating the overall user experience and positioning thermos glassware as a premium, yet practical, solution for beverage consumption. With the ongoing advancements in materials, insulation technology, and design aesthetics, the thermos glassware market is poised to capture an increasingly larger share of the broader thermos drinkware industry, catering to the demands of health-conscious, environmentally aware, and design-oriented consumers around the world.
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