Travel Mug Market: Global Opportunity Analysis and Industry Forecast, 2021-2030 Market

Travel mugs are holders in which individuals can carry hot and cold fluid while they travel. These mugs utilize explicit innovation to keep the beverage hot or cold for longer time period. Vacuum and custom froth innovation are utilized which shields the mug from encompassing temperature. Steel make a trip mugs are liked to save the beverages cold for 24 hours and hot for six hours. These movement mugs are recyclable, particularly those produced using steel and glass. Travel mugs are accessible in various sizes in the market, for example, up to 399 ml, 400-749 ml, and in excess of 750 ml.

COVID-19 Scenario Analysis

Restaurants like Starbucks, The Second Cup and Tim Hortons temporarily stopped their campaign of bringing in their own mugs in order to limit the spread of the virus. This has been done across Europe, Middle East and Africa. In 2010, Starbucks had come up with this campaign of using of personal mugs so as to reduce the paper trash. The program also offered customer discount to those who use to bring their own mugs for the coffee. But now it has been paused due to the fear of COVID-19 spread.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Travel mugs have certain favorable circumstances which helps in driving their interest. Numerous makers center on improving the item to make them increasingly feasible and strong. Most travel mugs are dishwasher safe and can undoubtedly be washed without human intercession. Travel mugs prevents condensation which shields surrounded things from getting wet. Travel mugs have custom foam or vacuum which keep the beverages hot or cold. Travel mugs are less expensive contrasted with huge vacuum bottles. The vast majority of the plastic and glass travel mugs are microwave safe with the goal that shoppers can legitimately heat the beverage. However, travel mugs have a few drawbacks that can influence the interest for the product in the market. Some hardened steel travel mugs can cause a metallic taste, particularly during the initial a few uses. A few makers include BPA in plastic travel mugs and it can cause malignant growth and different conditions. Numerous organizations guarantee that the movement mugs they assembling ought to be created without BPA, yet certain dangers despite everything exist. Travel mugs produced using glass are delicate and can be effectively brake during voyaging. These components are anticipated to diminish the interest for movement mugs during the forecasted time period.

New Product Launches to Flourish the Market

Travel mugs are one of those products which has the sheer frequency of use. It is considered to be more of a necessity than a common purchase for customers nowadays. A company named, OtterBox identified the need of keeping coffee hot which was not being possible in standard mugs. Their mugs had internal copper lining, which helps in keeping the coffee hot all day. Companies now a days are also coming up with wide mouth opening mugs which makes it easy to clean the mugs.

Usage and Industrial Applications

Increment in urban populace have supported the utilization of travel mugs. Quick ways of life have changed the food propensities for individuals and they want to drink and eat while voyaging. Travel mugs are additionally requested by mountain dwellers and sightseers who incline toward hot and cold beverages. Individuals are getting increasingly mindful about decreasing waste and lean toward reusable travel mugs. These mugs can be re-utilized after a wash and henceforth decline the degradable and non-degradable waste. Numerous manufacturers are developing and planning the product to make it increasingly alluring and strong. The online channel of dispersion is a main consideration driving the interest for travel mugs. A considerable lot of the brands sell their items on the web and give offers and discounts. Numerous private name organizations have tie-ups with internet business organizations to sell their product on the web.

Key Benefits of the Report

• This study presents the analytical depiction of the travel mug market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the travel mug market share.
• The current market is quantitatively analyzed to highlight the global travel mug market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global travel mug market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Travel Mug Market Research Report

• Which are the leading players active in the travel mug market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?

 Travel Mug Market: Global Opportunity Analysis and Industry Forecast, 2021–2030 Report Highlights