According to a market report by Lucintel, the future of the insulated drinkware market looks promising with opportunities in supermarkets and hypermarkets, specialty stores, convenience stores, and online stores. The global insulated drinkware market is expected to reach an estimated $2.3 billion by 2028 with a CAGR of 1.8% from 2023 to 2028. The major drivers for this market are increasing demand for eco-friendly and reusable products and growing requirement to keep beverages hot or cold for a longer period of time.
In this market, water bottles, cans, and mugs are the major product segments. Lucintel forecasts that the water bottle segment is expected to witness the highest growth over the forecast period as customers are opting for insulated water bottles more frequently to keep warm water on hand to preserve health and hygiene.
Within this market, online stores are expected to remain the largest segment because they ensure comfortable home delivery and provide a wide selection of brands.
North America will remain the largest region as it witnesses a growing demand for eco-friendly and cost-effective drinkware.
Yeti Holdings, Thermos, Camelbak Products, Pelican Products, and Tupperware Brands are the major suppliers in the global insulated drinkware market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global insulated drinkware market by product, body type, capacity, sales channel, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Insulated Drinkware Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global insulated drinkware market by product, body type, capacity, sales channel, and region, as follows:
Insulated Drinkware Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
Insulated Drinkware Market by Body Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Stainless Steel
Plastic Insulated
Insulated Drinkware Market by Capacity [Value ($B) Shipment Analysis from 2017 to 2028]:
Less than 500 ML
750 ML
1 Liter
1.25 Liters – 2 Liters
Above 2 Liters
Insulated Drinkware Market by Sales Channel [Value ($B) Shipment Analysis from 2017 to 2028]:
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online Stores
Others
Insulated Drinkware Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions: Q.1. What are some of the most promising, high-growth opportunities for the global insulated drinkware market by product (water bottles, cans, and mugs), body type (stainless steel and plastic insulated), capacity (less than 500 ml, 750 ml, 1 liter, 1.25 liters – 2 liters, and above 2 liters), and sales channel (supermarkets and hypermarkets, specialty stores, convenience stores, and online stores), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?