The thermos bottle market size was USD 4.67 billion in 2020. The market is projected to grow from USD 4.75 billion in 2021 to USD 6.50 billion in 2028 at a CAGR of 4.60% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Thermos Bottle Market, 2021-2028.” Factors such as the availability of different sizes and colors and rising innovations in technology will increase the footprint of the market during the forecast period. Additionally, sustainable thermos products will boost the growth of the market.
COVID-19 Impact
Lockdowns and Production Delays to Limit Market Growth During Forecast
The pandemic led to the closure of various supermarket chains and departmental stores due to imposed lockdowns worldwide. Additionally, shutting down of various dominant players in the market led to a decrease in the market value of thermos bottles. Rising work-from-home activities and homeschooling trends in order to curb the spread of the virus further hindered the growth of the market.
- Thermos LLC (Illinois, U.S.)
- Eternal (California, U.S.)
- Anhui Fugaung 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. (Mursia, Spain)
- EMSA (Emsdetten, Germany)
Report Coverage
The market report for thermos bottles contains pivotal insights by analyzing the market in-depth and highlighting the ongoing industry trends.
Drivers & Restraints
Constant Launches of Innovative Products & Increased Consumer Spending to Bolster Market Growth
Regional Insights
Segments
In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Competitive Landscape
Product Placement & Business Expansion to Lead Market Toward Growth
Key Industry Development
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/thermos-bottle-market-104435
