The global travel mug market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028).Travel mug is a double-walled container with a lid, usually with a small hole that one can drink from, used for hot or cold drinks while travelling. The market growth is majorly attributable to the benefits offered by these mugs during traveling the flexibility for the consumption of a beverage while it is still hot. They are designed to keep hot things hot by not allowing heat to escape. This makes them as one the most preferred alternatives among individuals. Thus, the properties of these mugs of providing insulation while also maintaining the beverage temperature and their easy to hold properties make them one of the widely used appliance over the globe. Another major benefit travel mugs offer includes their ease of washing with cold water without the issue of material breakage. This makes these cups quite consumer friendly and highly adoptable.
A full report of Global Travel Mug Market is available at:https://orionmarketreports.com/global-travel-mug-market/110148/
Other key trends that drive the growth of the global mug cups market include the concept of sustainability in the manufacturing of these mugs, the improved material usage aiming at extending the durability of the mugs, and the introduction of innovative designs by the key manufacturers of these mugs. These factors are likely to dominate the market during the forecast period thereby increasing the usage and thus the demand for these mugs.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
· Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Caribou Coffee Company, De’Longhi Appliances S.r.l., and Epoca International, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Travel Mug Market Report by Segmentation
By Type
· Stainless Steel Travel Mug
· Plastic Travel Mug
· Others
By Application
· Online
· Offline
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