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Global Thermos Bottle Market to reach USD 6.63 billion by the end of 2029

Global Thermos Bottle Market Size study & Forecast, by Material (Stainless Steel, Plastic, Glass, and Others), Application (Household and Commercial)and Regional Analysis, 2022-2029

Product Code: OIRHG-39665700
Publish Date: 2-05-2023
Page: 200

Global Thermos Bottle Market is valued approximately USD 4.67 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.60% over the forecast period 2022-2029. Thermos Bottle refers to insulating storage vessel that lengthens the time over which its contents remain hotter or cooler than the flask’s surroundings. Moreover, these bottles maintain hot liquids hot and cold liquids cold for long hours. It consists of a glass vessel with double walls. The glass vessel is covered with the help of an outer cover of plastic or metal to offer protection against damage. Also, the space between the walls is vacuum which reduces the heat loss due to conduction and convection. The increasing growth of travel and tourism activities in the post covid era and growing penetration of BPA free water bottles are key factors driving the market growth.

The increasing growth of travel and touristic activities in the post covid era is contributing towards the growth of the Global Thermos Bottle Market. For instance – as of 2023, the revenue in the Travel & Tourism market is estimated at USD 854.80 billion and the revenue is projected to show an annual growth rate of 4.41% between 2023 and 2027, to reach to market volume of USD 1,016.00 billion by 2027. Also, growing preference towards leisure and sports activities and rising adoption of online distribution platforms would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Thermos Bottle stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Thermos Bottle Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the increasing growth of touristic and other outdoor leisure activities in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising demand for thermos bottles among students and working individuals, as well as presence of leading global and regional thermos water bottle manufacturers in the region.

Major market player included in this report are:
Thermos LLC (Illinois, USA)
Hamilton Housewares Pvt. Ltd (Maharashtra, India)
Anhui Fuguang Life Technology Co. Ltd. (Guizhou, China)
Zhejiang Haers Vacuum Container Co Ltd (Hangzhou, China)
Nanlong Group Co. Ltd. (Zhejiang, China)
ISOSTEEL Deutschland GmbH (Wiesbaden, Germany)
Midea Group (Foshan, China)
Panasonic Corporation (Osaka, Japan)
Laken Productos Deportivos S.A. (Murcia, Spain)
EMSA (Emsdetten, Germany)

Recent Developments in the Market:
Ø In November 2020: Thermos LLC. Lifefactory launched a new range of wide neck vacuum insulated stainless steel baby bottle for the U.S. region.

Ø In January 2020 – Hydro Flask, Helel of Troy Inc. owned water bottle brand, rolled out a new line of food storage containers and reusable thermos water bottles.

Global Thermos Bottle Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material
Stainless Steel
By Application
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Thermos Bottle Market, by Region, 2019-2029 (USD Billion)
1.2.2. Thermos Bottle Market, by Material, 2019-2029 (USD Billion)
1.2.3. Thermos Bottle Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermos Bottle Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermos Bottle Market Dynamics
3.1. Thermos Bottle Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing growth of travel and tourism activities in post covid era Growing penetration of BPA free water bottles
3.1.2. Market Challenges Accessibility to Cheaper Alternatives
3.1.3. Market Opportunities Growing preference towards leisure and sports activities Rising adoption of online distribution platforms
Chapter 4. Global Thermos Bottle Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Thermos Bottle Market, by Material
6.1. Market Snapshot
6.2. Global Thermos Bottle Market by Material, Performance – Potential Analysis
6.3. Global Thermos Bottle Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
6.4. Thermos Bottle Market, Sub Segment Analysis
6.4.1. Stainless Steel
6.4.2. Plastic
6.4.3. Glass
6.4.4. Others
Chapter 7. Global Thermos Bottle Market, by Application
7.1. Market Snapshot
7.2. Global Thermos Bottle Market by Application, Performance – Potential Analysis
7.3. Global Thermos Bottle Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Thermos Bottle Market, Sub Segment Analysis
7.4.1. Household
7.4.2. Commercial
Chapter 8. Global Thermos Bottle Market, Regional Analysis
8.1. Thermos Bottle Market, Regional Market Snapshot
8.2. North America Thermos Bottle Market
8.2.1. U.S. Thermos Bottle Market Material breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Thermos Bottle Market
8.3. Europe Thermos Bottle Market Snapshot
8.3.1. U.K. Thermos Bottle Market
8.3.2. Germany Thermos Bottle Market
8.3.3. France Thermos Bottle Market
8.3.4. Spain Thermos Bottle Market
8.3.5. Italy Thermos Bottle Market
8.3.6. Rest of Europe Thermos Bottle Market
8.4. Asia-Pacific Thermos Bottle Market Snapshot
8.4.1. China Thermos Bottle Market
8.4.2. India Thermos Bottle Market
8.4.3. Japan Thermos Bottle Market
8.4.4. Australia Thermos Bottle Market
8.4.5. South Korea Thermos Bottle Market
8.4.6. Rest of Asia Pacific Thermos Bottle Market
8.5. Latin America Thermos Bottle Market Snapshot
8.5.1. Brazil Thermos Bottle Market
8.5.2. Mexico Thermos Bottle Market
8.5.3. Rest of Latin America Thermos Bottle Market
8.6. Rest of The World Thermos Bottle Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Thermos LLC (Illinois, USA) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Hamilton Housewares Pvt. Ltd (Maharashtra, India)
9.2.3. Anhui Fuguang Life Technology Co. Ltd. (Guizhou, China)
9.2.4. Zhejiang Haers Vacuum Container Co Ltd (Hangzhou, China)
9.2.5. Nanlong Group Co. Ltd. (Zhejiang, China)
9.2.6. ISOSTEEL Deutschland GmbH (Wiesbaden, Germany)
9.2.7. Midea Group (Foshan, China)
9.2.8. Panasonic Corporation (Osaka, Japan)
9.2.9. Laken Productos Deportivos S.A. (Murcia, Spain)
9.2.10. EMSA (Emsdetten, Germany)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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