Vacuum Flask Market Size, Share, and Trends Analysis Report, By Material (Plastic, Glass, Stainless Steel, and Others), By Application (Indoor, and Outdoor), and By Distribution Channel (Online, and Offline) Forecast Period (2022-2028)

The global vacuum flask market is anticipated to grow at a CAGR of 3.2 % during the forecast period (2022-2028). A vacuum flask, additionally, known as a thermos, is an insulated storage vessel used to keep liquid contents at a temperature that is either lower or hotter than the flask’s surrounding temperature. There are two chambers in a vacuum flask. A layer of glass separates the inner and outer chambers, with a vacuum between them. The inner chamber is where the contents are kept. Convection, conduction, and radiation cannot transfer heat in a vacuum. A vacuum flask is a convenient way to transport cold or hot liquids while maintaining their original temperature. Outdoor activities, travel, brand, product design, and promotional methods are the major factors influencing the global vacuum flask market during the forecast period

The North American region is expected to hold the significant market share due to the considerable demand for ready-to-drink liquid goods to meet their regular drinking demands in the US and Canada. According to the Beverage Marketing Association, ready-to-drink tea consumption in the US will reach 5 gallons per American in 2020. Furthermore, rising indoor and outdoor leisure trends among the region’s population are fueling market expansion in North America. Moreover, Asia-Pacific would grow quicker in the worldwide market due to expanding residential and commercial infrastructural settings in China and India, Housing sales in India’s top seven metro cities increased by 73% in the fourth quarter of 2020, according to estimates issued by the Government of India (Gol) and the Reserve Bank of India (RBI). Furthermore, the region’s consumption rate is bolstered by the existence of major thermos water bottle producers such as Panasonic Corporation, Nanlong Group, Tiger Corporation, and others.

 

Some major players in the market include Thermos LLC, Zojirushi, Lock & Lock, Heenoor, and Tupperware, among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance,

• In November 2020, Thermos LLC and Lifefactory in the US introduced a wide neck vacuum insulated stainless steel infant bottle.
• In January 2020, At the Outdoor Retailer Snow Show, Hydro Flask, a water bottle brand owned by Helel of Troy Inc., revealed a new line of food storage containers and reusable thermos water bottles

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Material
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Thermos LLC, Zojirushi, Lock & Lock, Heenoor, Tupperware, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Vacuum Flask Market Report by Segment

By Material

• Plastic
• Glass
• Stainless Steel
• Others

By Application

• Indoor
• Outdoor

By Distribution Channel

• Online
• Offline

Global Vacuum Flask Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa