According to recent research from Future Market Insights, the global reusable tumblers market is projected to grow significantly over the next decade. Valued at approximately USD 92.1 million in 2023, the market is set to expand at a compound annual growth rate (CAGR) of 5.6%, reaching an anticipated USD 159.2 million by 2033. Leading this growth, the top five providers currently hold between 15% and 20% of the market share.
The metal segment, particularly stainless steel, is expected to dominate the market due to its durability and sustainability. Stainless steel tumblers are projected to account for around 55.8% of the market by 2033. In 2022, reusable tumblers generated USD 88.0 million in revenue, and the increasing adoption of eco-friendly practices across industries is expected to create an additional USD 71.2 million in incremental growth.
The beverage industry’s focus on sustainable packaging has become a major driver of demand for reusable tumblers. Amid shifting consumer preferences and the influence of green packaging trends, beverage companies are increasingly seeking reusable and eco-friendly alternatives. The global demand for sustainable products has led to a surge in the reusable tumblers market, which is forecasted to expand 1.7 times over its current valuation by 2033.
Key Growth Drivers:
- Sustainability Initiatives: Beverage brands are responding to consumer demand for greener solutions by choosing reusable, eco-friendly packaging like tumblers. This shift aligns with broader trends favoring products that reduce waste and support environmental goals.
- Consumer Preferences for Reusability: A strong customer base values the safety, convenience, and protection offered by reusable tumblers, contributing significantly to market growth.
- Durability of Stainless Steel: The metal segment, particularly stainless steel, remains a preferred choice for its resilience, helping to drive this material’s continued prominence in the reusable tumblers market.
Competitive Landscape
The key players which are operating in the market are focusing on expansion and innovation. All of them are trying to capture a large market share. Big companies are focusing on USPs to increase sales. Some of the innovations and expansions are as under-
- In January 2023, Zhejiang Jupeng Drinkware Co., Ltd. launched digital display stainless steel tumblers. These extraordinary tumblers helped the company to gain recognition in the reusable tumblers market. The company is strengthening its position by producing innovative products with the use of technology.
The Major Key Players Are:
- JOCO Group Pty Ltd.
- Biome
- Tervis
- Frank Green
- Klean Kanteen
- Zhejiang Jupeng Drinkware Co., Ltd.
- Hydro Flask
- KingStar Industries Co., Ltd
- Tupperware Brands Corporation
- Ohelo
- Cuppe
Access Full Report: https://www.futuremarketinsights.com/reports/reusable-tumblers-market
Reusable tumblers Market by Category
By Material
- Glass
- Plastic
- Metal
By Product Type
- Up to 12 Oz
- 12 to 20 Oz
- 20 to 30 Oz
- Above 30 Oz
By Sales Channel
- Hyper/Super Market
- Convenience Stores
- Online Sales
By End Users
- Commercial
- Institutional
- Household
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