STAINLESS INSULATED CONTAINER MARKET ANALYSIS
The global stainless insulated container market was valued at US$ 5,055.4 Million in 2022, and is expected to register a CAGR of 7.52%, in terms of revenue over the forecast period (2023-2030), to reach US$ 9,027.9 Million by 2030.
Moreover, increasing disposable income is shifting consumer preference towards stainless insulated food containers, which is expected to drive the growth of the global stainless insulated container market over the forecast period. For instance, according to National Bureau of Statistics of China, China's per capita disposable income stood at US$ 5,487 (36,883 Yuan) in 2022, up 5% on year in nominal terms.
Figure 1. Global Stainless Insulated Container Market Share (%), By Region, 2022
Asia Pacific accounted for the largest revenue share of 35% in the global stainless insulated container market in 2022, and is projected to continue its dominance during the forecast period. North America is projected to record substantial growth in the global stainless insulated container market during the forecast period.
Figure 2. Global Stainless Insulated Container Market Share (%), By Distribution Channel, 2022
Based on distribution channel, in 2022, hypermarkets & supermarkets segment accounted for the largest share of 40%, in terms of revenue in the global stainless insulated container market. Increasing number of hypermarkets & supermarkets chains, wide range of products offered by various companies, and marketing and promotional activities such as trade discounts and offers are some of the major factors that are expected to drive growth of the market over the forecast period.
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