Global tumbler with lid market is expected to reach $2.5 billion by 2023

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DALLAS, Oct. 12, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global market looks attractive with opportunities in outdoor activities such as camping, hiking, fitness, and travel. The global tumbler with lid market is expected to reach an estimated $2.5 billion by 2023 with a CAGR of 6.8% from 2018 to 2023. 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. 

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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 global 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.

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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 in this market.

Lucintel has compiled a comprehensive research report entitled “.” 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 global tumbler market by material, product, application, capacity, and region.

For more information, contact Lucintel at +1-972-636-5056 or mail at .

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Globe Newswire: 10:59 GMT Friday 12th October 2018

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