According to a new market report published by Lucintel, the future of the tumbler with lid market looks attractive with opportunities in outdoor activities such as camping, hiking, fitness, and travel. The global tumbler with lid market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3.3 billion by 2025 with a CAGR of 6% to 8% from 2020 to 2025. The major growth drivers for this market are increase in outdoor recreational activities, demand for attractive drinkware products, and increasing use of promotional tumblers as a corporate or personal gift with customized prints, logos, and messages.
Browse 102 market data tables and 145 figures spread through 214 pages and in-depth TOC on “Tumbler with Lid Market”
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In this market, stainless steel, plastic, and glass are used for manufacturing of tumblers. On the basis of comprehensive research, Lucintel forecasts that the stainless steel tumbler is expected to remain the largest segment and also witness the highest growth over the forecast period due to exceptional temperature retention properties, durability, and superior toughness.
Within the tumbler with lid market, the sports and outdoor activities segment will remain the largest and also witness the highest growth during the forecast period due to increasing spending in outdoor recreational activities and growing demand for ultra-lightweight, fashionable, one-handed beverage containers.
North America is expected to remain the largest market and also witness the highest growth over the forecast period due to increasing camping, hiking, and other outdoor recreational activities.
Emerging trends, which have a direct impact on the dynamics of the market, include introduction of vacuum sealing and coating technology and increasing demand for temperature retention tumblers. Newell Brands, Tupperware Brands, Yeti Holding, Xiamen Xaoyuren Home Appliance and Technology Co., Thermos, Tervis Tumbler, Hydro Flask, and Tritan USA are among the major suppliers of the tumbler with lid market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the tumbler with lid market by material, product, application, capacity, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Tumbler with Lid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the tumbler market by material, product, application, capacity, and region as follows:
By Material Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Stainless SteelPlasticGlass and Others
By Product Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Insulated TumblersRegular Tumblers
By Application Type [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Sports and Outdoor ActivitiesEverydayOthers
By Storage Capacity [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
Up to 12 Ounces12 to 20 Ounces20 to 30 OuncesAbove 30 Ounces
By Region [Value ($ Million) and Volume (Million Units) from 2014 to 2025]:
North AmericaUSCanadaMexicoEuropeGermanyItalyUKAPACChinaIndiaJapanROWBrazilUAESouth Africa
This 214-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/tumbler-with-lid-market.aspx or firstname.lastname@example.org.
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.