Insulated drinkware products are getting popular day-by-day. Demographic shift has been observed towards insulated drinkware which is bought by consumers on the basis of utility. This positively influences the sale of these utility drink wares. Fact.MR report predicts this trend to hugely influence global insulated drinkware market in the coming future. Approximately 5% of the total working population has already started using insulated drink ware. Observing this trend, drinkware manufacturers conducted surveys and gathered consumer preference data in order to attain a greater insight in user experience. They are conducting researches to create new materials and are evolving their strategies to procure raw materials. Steel is one of the raw materials that is highly preferred by consumers.
Durability is preference
Insulated drinkware is gaining traction amongst adventure lovers who use these drink ware during travel. Sports activities along with adventure have brought products like insulated cans and traveler mugs into mainstream. Online platforms have surfaced as the most popular distribution channel for such items. Durability has turned out to be a key parameter for purchase of insulated drink wares. Manufacturers have started using polymer plastics to make insulated ware so that they can make its design more appealing and attract more customers.
Insulated drink ware market is witnessing expansion on the backdrop of emerging opportunities in nations like China. Brazil, Mexico and India. Indian and Chinese market are growing rapidly because of different factors like availability of raw materials at cheap cost and labor. Fact.MR report predicts that India will generate opportunities worth US$57Mn and China will generate opportunities worth US$74Mn in the forecast period 2019-2029.
After reading the insulated drinkware market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the insulated drinkware market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The insulated drinkware market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America
- Latin America
- East Asia
- South Asia
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The evaluation of the competitive landscape in the insulated drinkware market covers the profile of the following top players:
- Cool Gear, International LLC
- O2COOL, LLC
- S’Well Corporation
- AQUASANA, INC.
- Klean Kanteen, Inc.
- BRITA GmBH
- CAMELBAK PRODUCTS, LLC.
To expand the understanding of opportunities in the global insulated drinkware market report looks at close quarters into the opportunities and new avenues in following key segments:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
Manufacturers are expanding geographical reach
The competitive landscape of global insulated drink ware market is highly fragmented. Only a handful of regional manufacturers own greater than three-fourth the global market. Two major players of global market are Klean Kanteen and Brita GmbH. Both of these own marginal share of the international market for insulated drinkware. They are expected to continue their dominance in their respected regions in the coming years. Manufacturers in the market are focused to expand their portfolio. They are taking efforts to improve their supply chain efficiency. Covering a greater geographical area is their long term goal for which these companies are acquiring other businesses that can make their insulated drink ware venture more profitable. Companies are increasing their offers to acquire greater customer base.
In addition to understanding the demand patterns of various end users, the report on the insulated drinkware market also enumerates trends expected to attract investments by other various associated industries.
On the basis of Capacity, the insulated drinkware market report offers insight into major adoption trends for the following segments:
- <500 ml
- 750 ml
- 1 Liter
- 25 Liters – 2 Liters
- About 2 Liters
The global insulated drinkware market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the insulated drinkware market report tries to answer exhaustively are:
- Key strategic moves by various players in the insulated drinkware market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the insulated drinkware market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?
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