Tumblers Market was valued at US$ 2.88 Bn. USD in 2021. Steel tumblers, one of the segments reviewed in MMR report is dominating the Global Tumblers Market.
Tumblers Market Overview:A tumbler is a vessel that is used to drink water, milk, juice, and other beverages. It's a glass vessel with a flat bottom, straight sides, no handle or stem, and a modest capacity. Glass tumblers come in a variety of forms and sizes which is extremely popular in the culture nowadays. Heat resistance and the use of double walled borosilicate glass, which makes the product visible, are two unique aspects that make the glass tumblers appealing. According to MMR research, tumblers market is expected to grow at a CAGR of 9% during the forecast period.To know about the Research Methodology:- Request Free Sample Report
Tumblers Market Dynamics:Some of the factors driving market growth include the growing beverage sector, on-the-go drinkware, more outdoor activities, and rising health and fitness concerns. The expense of tumblers vs. disposable tumblers, however, is limiting market expansion. A tumbler is a container for drinking liquids such as water, milk, juice, and other beverages. It's a small vessel with a flat bottom made of stainless steel, glass, or plastic with straight sides, no handle or stem, and a modest capacity. Tumblers are available in a variety of styles, sizes, and colors, making them quite appealing. According to Psychological Survey, taking a coffee break with coworkers might help to relieve tension and break up the workday. However, with coffee breaks costing several dollars or more depending on the type of drink, they can quickly pile up and put a strain on one’s finances. A cappuccino or latte costs roughly $4–5, which can easily mount up to hundreds of dollars over months if anyone go out for coffee every day. One might easily spend a small fortune on drive-thru coffee over the course of several years. Filling the tumbler cup with coffee or tea made at home and then refilling it as needed from the office coffee maker is a more cost-effective option. Paper cups consumption statistics: Single-serve coffee cups are convenient, but they're also flimsy and prone to spills if not handled properly. Reusable stainless steel travel mugs, on the other hand, are designed for dependability and high-impact use while remaining lightweight for simple transport and storage. When drinking hot beverages, having a drip-free, tight-fitting plastic top and an ultra-durable stainless steel body is extremely vital for safety and convenience when on the go. By 2022, Americans are expected to consume 32 billion paper coffee cups, according to the paper industry. Starbucks used 5.3 billion cups in 2021, according to a report published by the Alliance for Environmental Innovation and Starbucks. Starbucks announced in 2018 that the number of cups used in its outlets had increased to 2.3 billion. Typical paper coffee cups are constructed of 100% virgin paperboard that has been bleached. When it comes to allowing recycled paper pulp to come into direct contact with food and beverages, FDA restrictions are stringent and recycled paper is insufficiently robust to contain a liquid. Starbucks experimented with a new type of coffee in the late 2000s. The process of recycling releases high amount of methane and harmful in nature. Reusable drink ware, such as water bottles, mugs, and tumblers, are in high demand since they are not only fashionable but also a status symbol. Nearly 70% of consumers are willing to pay more for environmentally friendly products. Manufacturers are under constant pressure to introduce new products, ranging from double-wall insulation and stainless steel to ceramic and other alternative plastics, high-performance capabilities, and artisan-quality decorative techniques. Reusable drink ware is also a fantastic and cost-effective option for businesses to promote their brand on a highly visible and portable item.
Tumblers Market Segmentation:Stainless Steel segment is dominating the market in terms of sales: Stainless steel is considered as great alternative for plastic tumblers as plastic is considered as environmentally harsh material and many competitors in the market are pushing towards environmental sustainability. Moreover, stainless steel provides more sturdy design than the plastic and glass and have less breakage issues. Personal tumblers is the new trend in the market considered to drive the growth of the segment as according to university of Texas Study, more than 5% YOY growth is accounted by private steel tumblers in 2021 and demand is expected to adhere during the forecast period as people are posing in more environmentally concerned manner. According to Starbucks Global Responsibility Report, customers brought their own tumblers into Starbucks 35.8 million times in 2021, preventing over 1.6 million pounds of paper from entering landfills. Despite the fact that customers used their personal mugs 1.6 million more times in 2021 than the previous year, the percentage of customers who chose reusable mugs remained unchanged. Starbucks Case Study: Starbucks Coffee Company (Starbucks) released a $1 reusable cup in its locations in the United States and Canada in 2018, and later in the United Kingdom. The company came up with the notion of a plastic reusable cup known as plastic tumblers to lessen its environmental impact, as it was frequently chastised by environmentalists for producing 4 billion single-serve cups as garbage each year, which ended up in landfills or as litter. One of the most important concerns facing the world's largest coffee company, and specifically Hanna, was to address the issue of branded waste generated each year. Hanna claimed that the 4 billion cups it threw out each year were a minuscule percentage of the 500 billion cups produced worldwide, and that it only accounted for a "sliver" of Starbucks' environmental imprint. Starbucks has tried a number of programmes over the years to address the cup issue, but they had had little success. In 2008, the company set a goal of making 100% of its cups recyclable by 2015, as well as serving 25% of beverages made in its company-operated outlets in personal cups by that year. Since the opening of its stores, the company has offered a 10 cent discount to clients who bring their own cups, but only a small percentage of consumers have taken advantage of the offer. Because it was only able to achieve less than 2% of its goal of delivering beverages in personal cups by 2015 in 2017, the corporation was obliged to cut the target to 5% by 2021. Starbucks acknowledged in 2021 that markets like Germany and the United Kingdom have effective recycling mechanisms in place, despite the lack of front-of-store recycling containers. Store garbage is segregated into three streams in the back of Starbucks locations in the United Kingdom, for example, and then separated later at the waste plant. Starbucks' UK outlets presently divert about half of their garbage from landfills using this strategy, and the company is always looking for new ways to boost that percentage. Starbucks is able to assist in the development of skills in markets that are new to recycling by leveraging solutions from its many markets throughout the world. North America is dominating the Tumblers Market: North America is dominating the tumblers market with more than 75% market share. Factors attributing growth of the region are increasing demand for stainless steel and plastic tumblers in the masses as well as incrteasing use of personal tumblers by the office working employees in the USA, Canada and other regions. USA accounted for 80% market share in terms of sales and manufacturing of tumblers owing to high demand of tumblers in the region and no. of coffee enthusiasts across the country. Starbucks is the largest tumbler distributor as the company is leading coffee shop across the globe as well as the country. Europe is the second dominating region in the tumblers market with 20% of market share in terms of sales owing to high lifestyle changes across the regions of UK, Germany, France and others. Moreover, incfreasing use of sustainable and cheap tumblers by the coffe shops in the region is the key factor driving the growth of the region in the tumblers market. According to plastic tumblers manufactureres council, Germany and UK have accounted for respectively 4.5% and 6.22% YOY growth in the past years. APAC and MEA regions are expected to pose lucrative opportunities for key players in the market as the lifestyle in the regions is changing rapidly owing toi increasing urbanization and changing work life. The objective of the report is to present a comprehensive analysis of the Tumblers Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Tumblers Market dynamics, structure by analyzing the Market segments and project the Tumblers Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Tumblers Market make the report investor’s guide.
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Global Tumblers Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 7.85% US$ 2.88 Bn US$ 5.27 Bn Segments Covered by Product • Plastic • Glass • Steel by Sales Channel • E commerce websites • Supermarkets • Convenience store • Retail stores by Capacity • 12-20 oz. • 20-30 oz. • Above 30 oz. Regions Covered North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America
Tumblers Market Key Players are:• Starbucks • Tupperware Brands Corporation • Pelican Products, Inc. • CamelBak Products, LLC • Can't Live Without It, LLC (S'well Bottle) • Thermos, LLC • Evans Manufacturing, Inc. • Hydro Flask • Ee-Lian Enterprise (M) Sdn. Bhd. • Cool Gear International, LLC • Klean Kanteen, Inc. • Yeti Coolers, LLC • O2COOL, LLC • Bubba Brands, Inc. • Lock&Lock Co., Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Tumblers Market? Ans: North America region held the highest share in 2021. 2. What is the growth rate of Global Tumblers Market? Ans: The Global Tumblers Market is expected to grow at a CAGR of 7.85% during forecasting period 2022-2029. 3. What is scope of the Global Tumblers market report? Ans: Global Tumblers Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Tumblers market? Ans: The important key players in the Global Tumblers Market are – Starbucks, Tupperware Brands Corporation, Pelican Products, Inc., CamelBak Products, LLC, Can't Live Without It, LLC (S'well Bottle), Thermos, LLC, Evans Manufacturing, Inc., Hydro Flask, Ee-Lian Enterprise (M) Sdn. Bhd., Cool Gear International, LLC, Klean Kanteen, Inc., Yeti Coolers, LLC, O2COOL, LLC, Bubba Brands, Inc., Lock&Lock Co., and Ltd. 5. What is the study period of this market? Ans: The Global Tumblers Market is studied from 2021 to 2029.
1. Tumblers Market: Research Methodology 2. Tumblers Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Tumblers Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Tumblers Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Tumblers Market Segmentation 4.1. Tumblers Market, by Product (2021-2029) • Plastic • Glass • Steel 4.2. Tumblers Market, by Sales Channel (2021-2029) • E commerce websites • Supermarkets • Convenience store • Retail stores 4.3. Tumblers Market, by Capacity (2021-2029) • 12-20 oz. • 20-30 oz. • Above 30 oz. 5. North America Tumblers Market(2021-2029) 5.1. Tumblers Market, by Product (2021-2029) • Plastic • Glass • Steel 5.2. Tumblers Market, by Sales Channel (2021-2029) • E commerce websites • Supermarkets • Convenience store • Retail stores 5.3. Tumblers Market, by Capacity (2021-2029) • 12-20 oz. • 20-30 oz. • Above 30 oz. 5.4. North America Tumblers Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Tumblers Market (2021-2029) 6.1. European Tumblers Market, by Product (2021-2029) 6.2. European Tumblers Market, by Sales Channel (2021-2029) 6.3. European Tumblers Market, by Capacity (2021-2029) 6.4. European Tumblers Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tumblers Market (2021-2029) 7.1. Asia Pacific Tumblers Market, by Product (2021-2029) 7.2. Asia Pacific Tumblers Market, by Sales Channel (2021-2029) 7.3. Asia Pacific Tumblers Market, by Capacity (2021-2029) 7.4. Asia Pacific Tumblers Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tumblers Market (2021-2029) 8.1. Middle East and Africa Tumblers Market, by Product (2021-2029) 8.2. Middle East and Africa Tumblers Market, by Sales Channel (2021-2029) 8.3. Middle East and Africa Tumblers Market, by Capacity (2021-2029) 8.4. Middle East and Africa Tumblers Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Tumblers Market (2021-2029) 9.1. Latin America Tumblers Market, by Product (2021-2029) 9.2. Latin America Tumblers Market, by Sales Channel (2021-2029) 9.3. Latin America Tumblers Market, by Capacity (2021-2029) 9.4. Latin America Tumblers Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Starbucks 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Tupperware Brands Corporation 10.3. Pelican Products, Inc. 10.4. CamelBak Products, LLC 10.5. Can't Live Without It, LLC (S'well Bottle) 10.6. Thermos, LLC 10.7. Evans Manufacturing, Inc. 10.8. Hydro Flask 10.9. Ee-Lian Enterprise (M) Sdn. Bhd. 10.10. Cool Gear International, LLC 10.11. Klean Kanteen, Inc. 10.12. Yeti Coolers, LLC 10.13. O2COOL, LLC 10.14. Bubba Brands, Inc. 10.15. Lock&Lock Co., Ltd.