Global Thermos Drinkware Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Global Thermos Drinkware Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

  • FMCG
  • Upcoming Report
  • Jan 2025
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Thermos Drinkware Market

Market Size in USD Billion

CAGR :  % Diagram

Bar chart comparing the Global Thermos Drinkware Market size in 2023 - 3.92 and 2031 - 6.80, highlighting the projected market growth. USD 3.92 Billion USD 6.80 Billion 2023 2031
Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 3.92 Billion
Diagram Market Size (Forecast Year)
USD 6.80 Billion
Diagram CAGR
%
Diagram Major Markets Players
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Global Thermos Drinkware Market Segmentation, By Product Type (Bottles, Tumblers, and Mugs), By Material (Stainless Steel, Plastic, Glass, and Others), By Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2031

Thermos Drinkware Market

Thermos Drinkware Market Analysis

The global thermos drinkware market is expected to reach USD 6.8 billion by 2032, growing at a CAGR of 7.10% from 2024. Asia Pacific currently holds the largest market share, accounting for largest share of the total market, driven by the increasing popularity of outdoor activities and eco-conscious consumer behavior. In the Asia Pacific region, the market is growing rapidly, as rising disposable incomes and the growing demand for premium and sustainable products are driving consumption. The market is characterized by a strong demand for insulated drinkware across various demographics, especially in developed regions such as North America and Europe, where consumers prioritize eco-friendly alternatives and durable, reusable products. Technological advancements in insulation have led to more effective temperature retention, expanding the appeal of thermos drinkware. Additionally, the increasing trend of outdoor activities and travel is further fueling demand, particularly for products that offer portability. The market is also benefiting from a growing emphasis on health and wellness, with consumers opting for products that promote hydration while being easy to use.

Thermos Drinkware Market Size

Global Thermos drinkware Market size was valued at USD 3.92 billion in 2023 and is projected to reach USD 6.80 billion by 2031, with a CAGR of 7.10% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Thermos drinkware Trends

“Growing Demand for sustainable and reusable products”

The global thermos drinkware market is experiencing significant growth driven by increasing consumer demand for sustainable and reusable products. Growing awareness about reducing single-use plastics is pushing consumers toward durable, eco-friendly drinkware options. Innovations in insulation technology, such as advanced vacuum sealing, are enhancing product appeal by offering better temperature retention. Customization trends, including personalized designs and branding, are popular among individuals and businesses. Online retail channels are expanding market reach, while collaborations with lifestyle brands boost premium offerings. Moreover, rising outdoor activities, fitness trends, and the need for on-the-go hydration continue to increase demand for high-quality thermos drinkware.

Report Scope and Thermos drinkware Market Segmentation 

Attributes

Thermos drinkware Key Market Insights

Segmentation

  • By Product Type: Bottles, Tumblers, and Mugs
  • By Material: Stainless Steel, Plastic, Glass, and Others
  • By Distribution Channel: Online and Offline

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Key Market Players

Thermos L.L.C. (U.S.), YETI Holding Inc. (U.S.), Contigo (U.S.), Hydro Flask (U.S.), Stanley PMI (U.S.), Zojirushi America Corporation (Japan), Klean Kanteen (U.S.), Camelbak (U.S.), Sigg Switzerland AG (Switzerland), Tiger Corporation (Japan), KINTO Co., Ltd. (Japan), Miir (U.S.), Mizu Life (U.S.), The BlenderBottle (U.S.), Igloo (U.S.), Ello Products (U.S.), and Nalgene (U.S.).

Market Opportunities

  • Increasing Adoption of Customization and Brand Collaborations
  • Rising Demand for Smart Thermos Drinkware

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Thermos drinkware Definition

Thermos drinkware refers to insulated containers, typically made of stainless steel or other durable materials, designed to maintain the temperature of beverages for extended periods. These products, such as thermos bottles, travel mugs, and insulated cups, are commonly used to keep drinks hot or cold, providing convenience for people on the go. With advanced insulation technology, thermos drinkware prevents heat transfer, ensuring that beverages stay at the desired temperature. The increasing focus on sustainability, along with a growing demand for durable and eco-friendly alternatives to single-use plastic, has boosted the popularity of thermos drinkware globally.

Thermos drinkware Dynamics

Drivers  

  • Rising Awareness of Sustainability and Eco-Friendly Products

Growing environmental concerns and the push to reduce single-use plastics are key drivers for the thermos drinkware market. Governments, NGOs, and environmental groups are promoting reusable products to combat plastic waste. Thermos drinkware, being durable and eco-friendly, aligns perfectly with consumer preferences for sustainable solutions. For instance, bans on single-use plastics in countries such as the UK and India have significantly boosted demand for reusable drinkware options. Additionally, eco-conscious consumers increasingly opt for thermos products to reduce their carbon footprint, encouraging companies to innovate with recyclable materials and environmentally friendly manufacturing processes. For Instance the rising awareness of eco-friendly products is reshaping consumer behavior, with sustainability now a key factor in purchasing decisions. More consumers, including 90% of Gen Z, are prioritizing environmentally conscious choices, often willing to pay more for sustainable goods. This shift is driving companies to rethink their customer experiences and integrate sustainability throughout their operations to meet growing demand.          

  • Growth in Outdoor and Fitness Activities          

The rising popularity of outdoor activities such as hiking, camping, and sports has increased the demand for thermos drinkware that maintains beverage temperatures. Health and fitness enthusiasts, who value hydration during workouts, frequently use thermos bottles to carry drinks. The ability of these products to keep liquids hot or cold for extended periods caters to active lifestyles. For instance, the global trend of marathons and adventure sports is boosting sales of durable, portable thermos drinkware designed for rugged use. This trend encourages manufacturers to introduce lightweight, ergonomic, and high-capacity products tailored for on-the-go consumption.

Opportunities

  • Increasing Adoption of Customization and Brand Collaborations

Customization options and brand collaborations have emerged as strong drivers in the thermos drinkware market. Consumers increasingly prefer personalized products that reflect their identity, such as monogrammed or branded thermos bottles. Companies are capitalizing on this trend by offering customizable designs and partnering with popular lifestyle or sports brands to create exclusive collections. For example, partnerships between thermos drinkware brands and global fitness companies have led to limited-edition products, appealing to niche consumer bases. This focus on personalization and exclusivity enhances product desirability and helps brands differentiate themselves in a competitive market. For instance Starbucks Japan has introduced a customizable "My Custom Stainless Steel Bottle Barista" tumbler to celebrate its 10th anniversary online. With 343 possible color combinations, customers can mix and match caps, bottles, and rims for a personalized product. Available exclusively online, this initiative highlights the growing trend of customization and brand collaborations, offering customers more opportunities to express their individuality through unique, co-branded designs.

  • Rising Demand for Smart Thermos Drinkware

Smart drinkware is another growing opportunity in the thermos market. Smart features, such as temperature control, Bluetooth connectivity, and integration with mobile apps, are becoming increasingly popular. Brands such as Ember Technologies have already introduced temperature-controlled mugs that maintain an optimal drinking temperature throughout the day. With consumers increasingly reliant on technology in their daily lives, integrating advanced smart features into thermos drinkware can drive demand, especially among tech-savvy individuals and professionals. This market segment presents a lucrative growth opportunity for brands looking to innovate, enhance the consumer experience, and offer a premium product.

Restraints/Challenges

  • Intense Competition and Market Saturation

The thermos drinkware market is highly competitive, with a large number of well-established brands such as Hydro Flask, S'well, Contigo, and Thermos dominating the space. The influx of new entrants and private label brands has intensified competition, leading to price wars and lower profit margins. Brands are struggling to differentiate themselves in an oversaturated market, which has become increasingly challenging, especially for smaller players. Additionally, with a large variety of options available, consumers can be overwhelmed by choices, making it difficult for companies to stand out. To maintain growth, brands must continuously innovate and invest in marketing strategies to retain customer loyalty while competing on both price and quality.    

  • Consumer Preference for Lower-Cost Alternatives

While premium thermos drinkware products offer high-quality features, such as better insulation and durability, many consumers continue to prefer lower-cost alternatives. Brands face the challenge of balancing product quality with affordability to meet the demands of price-sensitive customers. As many thermos drinkware products are seen as a long-term investment, some consumers may opt for cheaper options that still provide basic functionality, such as keeping beverages hot or cold for a few hours. Competing with lower-cost alternatives can make it difficult for premium brands to maintain their market share, especially as consumers become more price-conscious in uncertain economic times.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Thermos Drinkware Scope

The market is segmented on the basis of product type, material, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Bottles
  • Tumblers
  • Mugs

Material

  • Stainless Steel
  • Plastic
  • Glass
  • Others

Distribution Channel

  • Online
  • Offline

Global Thermos drinkware Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product type, material, and distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Asia Pacific is expected to dominate the thermos drinkware market due to its large and growing middle-class population, which is driving the demand for premium consumer goods. The region’s rapid urbanization, rising disposable incomes, and increasing health-consciousness are contributing to the adoption of high-quality, sustainable products such as thermos drinkware.

Asia Pacific is also the fastest-growing region for the thermos drinkware market, largely due to the increasing trend of outdoor activities, travel, and a rising focus on sustainable living. With more consumers in the region seeking eco-friendly alternatives to single-use plastic bottles, thermos drinkware, which offers reusability and temperature control, is becoming a preferred choice. The growing awareness of environmental issues, combined with a shift toward healthy lifestyles, makes Asia Pacific a key region for market expansion and innovation in this sector.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Global Thermos drinkware Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Thermos drinkware Leaders Operating in the Market Are:

  • Thermos L.L.C. (U.S.)
  • YETI Holding Inc. (U.S.)
  • Contigo (U.S.)
  • Hydro Flask (U.S.)
  • Stanley PMI (U.S.)
  • Zojirushi America Corporation (Japan)
  • Klean Kanteen (U.S.)
  • Camelbak (U.S.)
  • Sigg Switzerland AG (Switzerland)
  • Tiger Corporation (Japan)
  • KINTO Co., Ltd. (Japan)
  • Miir (U.S.)
  • Mizu Life (U.S.)
  • The BlenderBottle (U.S.)
  • Igloo (U.S.)
  • Ello Products (U.S.)
  • Nalgene (U.S.)

Latest Developments in Thermos drinkware Market

  • In 2023, MIJIS Thermos Flask is a new product from Xiaomi. This thermos has a 1.8 L capacity. The product is designed for long-term cold storage and heat retention
  • In 2023, Thermos L.L.C. has announced the launch of the all-new IconTM Series. The new product line includes hot beverage and food preservation options and an expanded range that includes cold beverages and hydration products. These offerings promote consumer convenience, with all goods incorporating a GriptecTM Non-Slip Base and a True-CoatTM Finish, providing a user-friendly design


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

The market is segmented based on Segmentation, By Product Type (Bottles, Tumblers, and Mugs), By Material (Stainless Steel, Plastic, Glass, and Others), By Distribution Channel (Online and Offline) – Industry Trends and Forecast to 2031 .
The Global Thermos Drinkware Market size was valued at USD 3.92 USD Billion in 2023.
The Global Thermos Drinkware Market is projected to grow at a CAGR of 7.1% during the forecast period of 2024 to 2031.
The market report covers data from U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
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