Stainless insulated container market
Stainless Insulated Container Market, By Application (Food and Beverages), By Distribution Channel (Hypermarkets & Supermarkets, Online Channels, Convenience Stores, and Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)
- Mar 2023
- CMI2969
- 120 Pages
- Excel & Pdf
- Consumer Goods
The global stainless insulated container market was valued at US$ 5,055.4 Million in 2022, and is expected to register a CAGR of 7.52%, in terms of revenue over the forecast period (2023-2030), to reach US$ 9,027.9 Million by 2030.
Driver:
Increasing internet penetration:
Increasing internet penetration is driving growth of online distribution channel segment, which is a key factor that is fueling the growth of the global stainless insulated container market. For instance, according to International Telecommunication Union (ITU), in 2022, ITU estimates that approximately 5.3 billion people – or 66% of the world’s population is using the Internet in 2022. This represents an increase of 24% since 2019, with 1.1 billion people estimated to have come online during that period.
Increasing number of working population:
Increasing number of working population is resulting in huge demand for healthy and fresh food at workplace. Insulated food containers are used to keep food items stored in hot/cold condition for longer duration. Moreover, good quality containers prevent foodborne illness, ensuring safety of food. These factors are expected to increase the demand for stainless insulated food container over the forecast period.
Moreover, increasing disposable income is shifting consumer preference towards stainless insulated food containers, which is expected to drive the growth of the global stainless insulated container market over the forecast period. For instance, according to National Bureau of Statistics of China, China's per capita disposable income stood at US$ 5,487 (36,883 Yuan) in 2022, up 5% on year in nominal terms.
Restraint:
High prices of container:
Prices of stainless insulated container are high compared to plastic containers, which is expected to hamper growth global of stainless insulated container market in the near future. Stainless steel is more expensive to produce because of the addition of the variety of alloying elements, such as iron, chromium, nickel, manganese and copper. Manufacturers also add about 10% chromium to the steel as an added agent to provide corrosion resistance. According to MEPS International Ltd. in Dec 2022, steel prices in India increased compared to 2021.
Global Stainless Insulated Container Market- Impact of Coronavirus (Covid-19) Pandemic
Steel prices have been volatile in the U.S. as steel demand decreased. The automotive sector, which has been the second-largest end user for steel, has already curtailed production. The steel demand from the construction sector, the largest end user, remained stagnant, as demand declined, integrated steelmaker, US Steel decided to idle blast furnaces and cut production. Steelmakers ArcelorMittal and Gerdau also announced in 2020 decreasing operations in North America amid falling steel demand from coronavirus-related closures, particularly in the automotive sector, to shield themselves from rising inventories. ArcelorMittal also stopped multiple blast furnaces in Europe due to coronavirus-related shutdowns.
Segmentation Analysis:
The global stainless insulated container market is segmented by distribution channel and by application. By distribution channel it is segmented into hypermarkets & supermarkets, online channel, convenience stores, others. By application it is segmented into food and beverages. By region the global organic farming market analysis conducted across North America, Latin America, Asia Pacific, Europe, Middle East, and Africa.
Figure 1. Global Stainless Insulated Container Market Share (%), By Region, 2022
Asia Pacific accounted for the largest revenue share of 35% in the global stainless insulated container market in 2022, and is projected to continue its dominance during the forecast period. North America is projected to record substantial growth in the global stainless insulated container market during the forecast period.
Stainless Insulated Container Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 5,055.4 Mn |
| Historical Data for: | 2017-2021 | Estimated Year: | 2023 |
| Forecast Period 2023 to 2030 CAGR: | 7.52% | Forecast Period: | 2023-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Major players operating in the global stainless insulated container market are Thermos L.L.C., Zojirushi Corporation, Tiger Corporation, Can't Live without It LLC, Stelton A/S, Hewy Wine Chiller, LLC, EMSA GmbH, and Steel Technology, LLC |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Figure 2. Global Stainless Insulated Container Market Share (%), By Distribution Channel, 2022
Based on distribution channel, in 2022, hypermarkets & supermarkets segment accounted for the largest share of 40%, in terms of revenue in the global stainless insulated container market. Increasing number of hypermarkets & supermarkets chains, wide range of products offered by various companies, and marketing and promotional activities such as trade discounts and offers are some of the major factors that are expected to drive growth of the market over the forecast period.
Recent Development:
On February 1, 2023, Thermos L.L.C. introduced the all-new Icon series. Since 1904, Thermos® Brand has been perfecting the art of keeping coffee hot, water cold, and food fresh. The Icon™ Series is the latest masterpiece. The new line includes hot beverage and food storage options, which have been celebrated categories of Thermos Brand products for 119 years. In addition, the new line now includes a wide array of products with a focus on cold beverage and hydration.
On July 8, 2022, Musselman’s Apple Sauce and Thermos Brand, two well-known ‘lunch box brands,’ are combined forces in the 2022 back-to-school season to offer consumers a chance to win one of 100 Thermos® lunch boxes filled with Musselman’s Apple Sauce.
On September 20, 2022, Thermos L.L.C. renamed the Guardian Collection as Alta Series. The Alta Series will continue to provide customers with the reliable drinkware and food storage products they have come to know and love.
On June 10, 2022, Thermos L.L.C. provided resources to the relocated families, donated supplies, including Thermos Brand water bottles, lunch boxes, and beverage bottles. This donation was made through the Backpack School Supply Drive hosted by Help Heroes of Ukraine Inc. Nfp and United for Ukraine.
Major Players:
Major players operating in the global stainless insulated container market are Thermos L.L.C., Zojirushi Corporation, Tiger Corporation, Can't Live without It LLC, Stelton A/S, Hewy Wine Chiller, LLC, EMSA GmbH, and Steel Technology, LLC
Market Definition:
Stainless insulated container are containers that are used to carry or store food and beverages at their original temperature for longer hours. These containers ensure the safety of the food and beverage items by protecting it against foodborne illness. The growth of food and beverage industry, increasing working population, and rising preferences of populace towards sustainable alternatives is predicted to boost the demand for stainless insulated containers in the near future.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Application
- Market Snippet By Distribution Channel
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- PORTER Analysis
- Key Industry Trends
- List of Manufacturers, By Region
- Overview of the Parent Industry
- Drivers
- Market Dynamics
- Global Stainless Insulated Container Market, By Application, 2017-2030 (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Food
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Beverages
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Introduction
- Global Stainless Insulated Container Market, By Distribution Channel, 2017-2030(US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030(%)
- Y-O-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Hypermarkets & Supermarkets
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Online Channels
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Convenience Stores
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2017 - 2030, (US$ Mn)
- Introduction
- Global Stainless Insulated Container Market, By Region, 2017-2030(US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030(%)
- Y-O-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- U.S.
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Canada
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Mexico
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- U.S.
- Latin America
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- Brazil
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Argentina
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Rest of Latin America
- Country/Region Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Brazil
- Europe
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- U.K.
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Germany
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- France
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Italy
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Spain
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Russia
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Country, 2017 - 2030
- China
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- India
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Japan
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- South Korea
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- ASEAN
- Country Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Rest of Asia Pacific
- Country/Region Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- China
- Middle East & Africa
- Market Share Analysis, By Sub-region, 2023 and 2030(%)
- Y-O-Y Growth Analysis, By Sub-region, 2017 - 2030
- Middle East
- Country/Region Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Africa
- Country/Region Trends
- Market Size and Forecast, By Application, 2017-2030(US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030(US$ Mn)
- Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Thermos L.L.C.
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Zojirushi Corporation
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Tiger Corporation
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Can't Live Without It LLC
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Stelton A/S
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hewy Wine Chiller, LLC
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- EMSA GmbH
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Steel Technology, LLC
- Company Overview
- Application Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Thermos L.L.C.
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 24 market data tables and 12 figures on "Stainless Insulated Container Market - Global forecast to 2030”.
Detailed Segmentation:
- Global Stainless Insulated Container Market, By Application:
- Food
- Beverages
- Global Stainless Insulated Container Market, By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Global Stainless Insulated Container Market, By Region:
- North America
- U.S.
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Canada
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Mexico
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Latin America
- Brazil
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Argentina
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Rest of Latin America
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Europe
- U.K.
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Germany
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- France
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Italy
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Spain
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Russia
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Rest of Europe
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Asia Pacific
- China
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- India
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Japan
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- South Korea
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- ASEAN
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Rest of Asia Pacific
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Middle East & Africa
- Middle East
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others
- Africa
- By Application:
- Food
- Beverages
- By Distribution Channel:
- Hypermarkets & Supermarkets
- Online Channels
- Convenience Stores
- Others