Global Insulated Stainless Steel Mugs Market Worldwide Industry Analysis, Future Demand and Forecast till 2028

The insulated stainless steel mugs market is anticipated to grow at a CAGR of 5.3 % during the forecast period (2022-2028). Insulated stainless steel mugs, often known as double-walled mugs, are common mugs with outer and inner walls that keep liquids at a consistent temperature. The inside wall of insulated mugs is usually constructed of stainless steel, while the exterior wall can be made of plastic, stainless steel, or any other sort of surface material that has been employed in recent years. Apart from these materials, Styrofoam, paper, and acrylic are also utilized in the manufacture of insulated mugs. These options are mostly for persons with a sharp palate who dislike the taste of metal when drinking, especially with certain types of liquids. With the increase in foodservice businesses and cafes across the globe, insulated mugs are expected to accelerate the market during the forecast period.

The global insulated stainless steel mugs market is segmented based on capacity and end-user. Based on the capacity, the market is sub-segmented into less than 5 oz., 5 oz. to 10 oz., 10 oz. to 15 oz., and 15 oz & above. Based on the product, the market is further bifurcated into the handle and no handle. Based on the end-user, the market is sub-segmented into food services, household, institutional, and others. Among these segments, the food services segment is expected to propel the growth of the market due to the increasing demand and usage of insulated stainless-steel mugs in restaurants and cafes globally.

The major market players in the global insulated stainless steel mugs market are Dart Container Corp., Tervis Tumbler Co., KingStar Industries Co. Ltd., Klean Kanteen, Thomas Scientific, Unicup, Berry Global Inc., Pure Drinkware, Trudeau Corp., among others. The market players are contributing significantly to the market’s growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in 2021, Summit Campfire released a new product at a discounted price. The Summit Campfire Mug carries 14 ounces of your favourite drinks in its double-wall stainless steel structure, making it ideal for any trip. The copper-lined Summit Campfire Mug keeps hot beverages hot for at least 8 hours and cold drinks cold for at least 12 hours. This mug is one of the finest for showing your customers a trip, with a handy handle and an easy push-in lid. Compliant with FDA regulations.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Capacity
  • By Product
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Dart Container Corp., Tervis Tumbler Co., KingStar Industries Co. Ltd., Klean Kanteen, Thomas Scientific, Unicup, Berry Global Inc., Pure Drinkware, Trudeau Corp., 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 Insulated Stainless Steel Mugs Market Report by Segment

By Capacity

• Less than 5 oz.
• 5 oz. to 10 oz.
• 10 oz. to 15 oz.
• 15 oz & above

By Product

• Handle
• No Handle

By End-User

• Food Services
• Household
• Institutional
• Others