From 2017 to 2019, the global heat preservation vessel market has expanded year by year. In 2020, due to the impact of the new crown epidemic, the global thermal insulation vessel market will drop to 49.4 billion yuan, a year-on-year decrease of 3.9%. In 2021, with the new crown epidemic under certain control, global economic activities will gradually resume, and the production and sales of thermal insulation containers will gradually resume. The global thermal insulation container market will reach 52.8 billion yuan, a year-on-year increase of 6.88%.
Stainless steel heat preservation vessels have the characteristics of good thermal insulation performance, safety and portability, health and hygiene, and stylish appearance. They have been widely used in economically developed countries and regions such as Europe, America, Japan, and South Korea. They are the mainstream products among various materials for heat preservation vessels.
The global market size of stainless steel vacuum insulated containers has shown a continuous growth trend in recent years. According to statistics, the global stainless steel vacuum insulated utensils market has grown from US$4.76 billion in 2016 to US$6.83 billion in 2020, with a compound annual growth rate of 9.45%. It is expected that its market size will continue to grow to exceed US$7 billion in 2021.
Developed countries and regions such as Europe, America and Japan have a relatively fast industrial development process and a relatively long history. They have accumulated rich experience in industrial production, and their production technology for thermal insulation vessels is relatively developed. In 2021, Asia, North America, and Europe will account for 40%, 17.8%, and 23% of the global thermal vessel market, respectively.
At present, the per capita possession of stainless steel heat preservation vessels in my country is only 0.53, while the average level of developed countries is 0.68, and the per capita possession of Japan is 1.43. With the improvement of per capita consumption capacity and consumption upgrading trend, the future development space of my country's insulation cup industry big.
