Global Thermos Bottle Market Segmental Analysis
Global thermos bottle market is segmented based on the type, application, and region. Based on type, the market is segmented into stainless steel, plastic, glass, and others. Based on application, the market is segmented into household, and commercial. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Thermos Bottle Market Analysis by Type
Based on type, thermos bottle market is segmented into stainless steel, plastic, glass, and others. Among others, the stainless-steel segment captured the global market with a 44% growth rate in 2021, all thanks to the benefits of stainless steel which can provide sustainable life to these bottles. The stainless-steel segment increased its product sales due to the better insulating capability of stainless-steel material-based bottles.
Plastic-based water bottles can be recycled and are also economical among alternative materials which are responsible for the plastic segment growth. The segment of glass is mainly driven by the extensive availability of glass bottles in various forms and sizes.
Thermos Bottle Market Analysis by Application
Based on application, the thermos bottle market is segmented into household, and commercial. The commercial segment is growing due to the increasing demand for thermos bottles from students and working professionals. Other factors such as outside activities like hiking, cycling, and running are favouring the product demand, which is resulting in commercial segment growth.
The increasing residential infrastructure and changing consumer needs are the primary drivers of the product demand in the residential segment. Important factors responsible for the residential segment growth is video gaming, cooking, and other indoor leisure activities.
