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Glass Tumbler Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast till 2028
The global Glass Tumbler Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Rapid urbanization, due to considerable product demand from the hospitality and foodservice industries, as well as rising beverage consumption, are key factors driving market revenue growth. Market growth will also be boosted by big corporations\' initiatives to introduce novel, designer products made of eco-friendly materials. A Glass Tumbler is a glass vessel that is used to drink water, milk, juice, and other beverages. It is a vessel with a flat bottom made of glass, stainless steel, or a variety of other materials, straight sides, no handle or stem, and a modest capacity. Glass Tumblers come in a variety of forms, sizes, and colors, and their translucent nature makes them quite appealing.
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Competitive Landscape:
The global Glass Tumbler market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base.
Major Companies Profiled in The Report:
- Yeti Holdings
- Starbucks
- Tervis Glass Tumbler
- RTIC
- Thermos
- S\'well
- CamelBak Products
- Newell Brands
- ORCA Cooler
Market Overview:
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2022 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
Key questions addressed in the report:
- What size is the global Glass Tumbler market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Glass Tumbler market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2022 and 2028?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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Global Glass Tumbler Market Segmentation:
Type Outlook:
- Plastic
- Stainless Steel
- Glass
- Others
Applications Outlook:
- Household
- Commercial
Regional Analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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