Within the forecasted timeline, the reusable tumblers market is poised to reach a value of US$ 92.1 million in 2023, with a steady growth trajectory projected at a 5.6% CAGR, ultimately surpassing US$ 159.2 million by 2033.
Canada’s Sustainable Push: Canada is emerging as a significant driver in the demand for reusable tumblers, with the market anticipated to grow at a rate of 3.8%. This growth is attributed to Canada’s commitment to environmental sustainability, actively seeking eco-friendly packaging solutions. The country is taking substantial steps towards green packaging and eco-conscious choices in its selection of packaging solutions. An initiative highlighted by the World Economic Forum reveals Canada’s plans to ban six types of single-use plastics. This ban specifically targets items that are commonly found in the environment, have poor recycling rates, and have readily available alternative options in the market. These legislative measures by Canada significantly bolster the reusable tumblers market, reinforcing the preference for eco-friendly packaging solutions within the Canadian market.
UK’s Thriving Food and Drink Sector: On the other side of the Atlantic, the United Kingdom is estimated to register an impressive Compound Annual Growth Rate (CAGR) of nearly 5.1% from 2023 to 2033. The UK’s food and drink industry, as noted by the Food and Drink Federation, has seen exports in this sector exceed £20 billion, making a substantial contribution to the national economy. Among various industries, the food and drink sector stands out as the UK’s largest manufacturing sector, further elevating the demand for reusable tumblers. The growth in this industry is set to have a positive impact on the reusable tumblers market as more consumers seek sustainable alternatives to traditional packaging.
These two geographical perspectives exemplify the global shift towards eco-friendly packaging solutions and the positive influence of such initiatives on the reusable tumblers market.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-6280
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
Embracing Sustainability
This section emphasizes the importance of adopting reusable tumblers as part of a sustainable lifestyle.
Benefits of Reusable Tumblers
Why should you switch to reusable tumblers? We outline the benefits, including cost savings, style, and reduced environmental footprint.
Eco-Friendly Alternatives
Discover a range of eco-friendly materials used in reusable tumbler production. Bamboo, in particular, is gaining popularity for its renewable properties.
Customization Options
Personalize your reusable tumbler to reflect your style. Many brands offer customization services, allowing you to create a unique, sustainable accessory.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-6280
Reusable tumblers Market by Category
By Material, Reusable Tumblers Market is Segmented as:
- Glass
- Plastic
- Metal
By Product Type, Reusable Tumblers Market is Segmented as:
- Up to 12 Oz
- 12 to 20 Oz
- 20 to 30 Oz
- Above 30 Oz
By Sales Channel, Reusable Tumblers Market is Segmented as:
- Hyper/Super Market
- Convenience Stores
- Online Sales
By End Users, Reusable Tumblers Market is Segmented as:
- Commercial
- Institutional
- Household
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
