Newly released data from insulated tumblers market analysis shows that global demand of the overall insulated tumblers market is forecasted to expand at a value compound annual growth rate (CAGR) of ~5.5% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the insulated tumblers market is projected to witness a prominent sales growth rate by 2031, owing to the emerging trend of safe, flexible, and convenient packaging solutions among the consumers and the increasing quick service restaurants and cafes.
Insulated Tumblers Market: Market Outlook
The insulated tumblers are made from high-quality food-grade stainless steel, which is highly durable and unbreakable. It has an electro-polished interior, ensuring that the tumbler remains pure and rust-free, imparting no flavours. Its spill-proof lid comes with a removable rubber gasket to prevent it from spilling and is leak-proof.
The insulated tumbler has a vacuum double wall design, which ensures good insulation. The unique double-wall vacuum insulation technology protects the temperature for hours and keeps cold beverages ice-cold up to 24 hours and hot drinks warm over six hours.
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Additionally, its wide mouth opening allows easy access to the surface base helps for easy cleaning. Its superior double powder coating provides additional grip helps in easy to hold and carry. The attractive and visually appealing shape and design grab the customer’s attention and are comfortable and portable to carry in hand. Therefore, the emerging trend of the most flexible, convenient, and safe packaging solution among consumers will enhance the.
What Are the Key Market Drivers Impacting the Growth of Insulated Tumblers Market?
The insulated tumblers are highly preferred during traveling, outings, and sports activities. The portable and handy insulated tumblers are favoured in outdoor camping, hiking, biking, and shopping due to their excellent convenience, high quality, and earth-friendly qualities. Nowadays, outings and traveling is increasing tremendously.
Even due to busy lifestyles, on-the-go liquid food ordering is also growing. Today, with growing quick-service restaurants and fast food service of restaurants and cafes, the insulated tumblers are gaining attractiveness owing to their outstanding ability to retain the drink hot or cold for a longer duration. Therefore, the changing consumer’s choice and habits for the most secure, safe, and sustainable packaging solution will drive the insulated tumblers market.
What is the Key Trend Increasing Sales of Insulated Tumblers Market?
The double-walled, vacuum-sealed insulated tumbler keeps the drink hot or cold for hours. The growing trend and preference for customized printing will create excellent marketing potential. The customized printing on the insulated tumbler will showcase the company’s logo and maximum message visibility.
Furthermore, the insulated tumblers are safe, convenient, and easy to carry. Nowadays, the trend of celebrating birthdays, anniversaries, special days is gaining popularity. Personalized insulated tumblers are favoured as a perfect gift by consumers because of their excellent features and functionality. Therefore, the eye-catchy colours and design with customized printing will generate an insulated tumblers market.
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What Strategies are the Key Players adopting for Increasing their Market Share in Insulated Tumblers Market?
The manufacturers involved in manufacturing insulated tumblers s adopt various strategies such as innovation and product launch to serve the increasing demand for the insulated tumblers market.
- In March 2021, Thermos L.L.C. partnered with SnugZ USA. The SnugZ USA Company will offer various industry-leading vacuum insulated hot and cold beverage containers and drinkware.
- In February 2017, Cool Gear International, LLC launched an insulated tumbler called Callisto Chiller; it has an innovative lid with a twist-top closure, double function lid, and double-wall insulation that keeps the drink cold for a long duration.
Why is the U.S. a Big Market for the Insulated Tumblers Market?
Retaining the quality, taste, and flavour for a longer duration is the utmost priority for food packaging. Due to long busy working hours and hectic lifestyles in the U.S., people prefer the ready-to-drink and outside food ordering.
The U.S. has the world’s most prominent food outlets. The rising popularity of quick-service restaurants, cafes, and foodservice restaurants is opting for temperature-controlled and safe packing solutions to cater to the growing demand for the fastest and secure food delivery. Consumers prefer the most secure and safe food packaging due to the rising concern for health, sanitation, and hygiene.
Furthermore, with the U.S.’s growing outdoor sporting activities and outings, people prefer the most convenient and reliable packaging. Therefore, by considering these inherent capabilities, the insulated tumbler will showcase significant growth in the U.S. market.
How has the COVID-19 Pandemic impacted the Insulated Tumblers Market?
The demand for safe, secure, and fast food packaging is increased during the Covid-19 pandemic. Temperature-controlled food delivery has become the utmost priority. The insulated tumblers retain the liquid food temperature for a longer time without losing its taste and quality.
Additionally, the insulated tumblers protect the food from outside environmental impact and contamination. The crucial factor is during COVID-19 to supply the most healthy and safe liquid diet to the quarantine patients. The insulated tumblers with double-walled, vacuum-sealed, and easy-to-hold applicability will augment the market during the Covid-19 outbreak.
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Key Segments of Insulated Tumblers Market Covered in the Report
Based on Material:
- Stainless Steel
- Plastic
- Glass
Based on Capacity:
- Up to 250 ml
- 250 – 750 ml
- Above 750 ml
Based on Temperature Resistance:
- Hot Beverages
- Cold Beverages
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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