According to the recent study the tumbler with lid market is projected to reach an estimated $3.3 billion by 2025 from $2.2 billion in 2019, at a CAGR of 6.8% from 2020 to 2025. Growth in this market is primarily driven by 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 145 figures / charts and 102 tables in this 214 -page report to understand trends, opportunities and forecast in tumbler with lid market by material (stainless steel, plastic, and glass and others), product (insulated tumblers and regular tumbler), application (sports and outdoor activities, everyday, and others) and capacity (up to 12 ounces, 12 to 20 ounces, 20 to 30 ounces, above 30 ounces) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Stainless steel market is expected to remain the largest segment during the forecast period.”
Based on material type, the tumbler with lid market is segmented into stainless steel, plastic, and glass and others. Lucintel forecasts that the stainless steel is expected to witness the largest segment over the forecast period and witness 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 is expected to remain the largest application”
Based on application, the sports and outdoor activities segment is expected to witness the largest end use industry over the forecast period and witness the highest growth over the forecast period due to increasing spending in outdoor recreational activities and growing demand for ultra-lightweight, fashionable, one-handed beverage containers.
“North America will dominate the tumbler with lid market in near future”
North America is expected to be the largest region over the forecast period and witness the highest growth over the forecast period due to increasing camping, hiking, and other outdoor recreational activities.
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Major players of tumbler with lid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Newell Brands, Tupperware Brands, Yeti Holding, Xiamen Xaoyuren Home Appliance and Technology Co., Thermos, Tervis Tumbler, Hydro Flask, and Tritan USA and others are among the major tumbler with lid providers.
This unique 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 [email protected]
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