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Analysis of the current status of the global and Chinese thermos cup industry in 2023
- Overview of the thermos cup industry
- Definition and classification of thermos cups
A thermos cupis a container that can keep hot and cold, and is used to store hot water, coffee, tea and other beverages. It is generally made of ceramic or stainless steel with a vacuum layer. It has a cover on the top and is tightly sealed. The vacuum insulation layer can delay the heat dissipation of water and other liquids contained inside to achieve the purpose of heat preservation. The thermos cup developed from the thermos bottle, but people made the bottle into a cup for convenience.
- Development history of the thermos cup industry
The development of the thermos cup industry originated in the early 20th century, when it was mainly made of glass as raw material. However, due to problems such as fragile glass products and poor thermal insulation performance, the development of the thermos cup industry has been subject to certain restrictions. In the mid-20th century, the emergence of stainless steel vacuum insulation technology brought a major breakthrough to the development of the thermos cup industry. This technology uses a double-layer or multi-layer stainless steel structure, filled with vacuum or inert gas in the middle, thereby achieving a long-term heat preservation effect.
- Background related to the development of the thermos cup industry
- Policies related to the development of the thermos cup industry
In recent years, relevant national departments have introduced a number of policies to promote the quality improvement of the international and domestic dual circulation system and boost the potential of domestic business travel, outdoor and other market segments. It has a positive effect on the development direction of the thermos cup industry, such as deepening the penetration of various supplies into multi-level and regional markets, enriching the channels for connecting foreign trade exhibitions and sales leads, and optimizing export process management and service capabilities.
- Economic factors for the development of the thermos cup industry
As the level of the national economy continues to improve and social consumer demand continues to rise, the overall retail value of daily necessities in our country is showing a growth trend. Data show that as of the end of 2023, my country's retail sales of daily necessities reached 757.63 billion yuan, a year-on-year increase of 2.7%, and the growth rate increased by 3.4 percentage points from the previous year. As a member of the daily necessities category, the industry's development will also be strongly boosted by economic development.
- Industrial chain of thermos cup industry
The industrial chain of the thermos cup industry mainly includes upstream raw material suppliers, midstream manufacturers and downstream sales channels. Upstream raw material suppliers mainly provide stainless steel coils, steel parts, stainless steel cups and other raw materials. The quality of these raw materials directly affects the product quality of midstream manufacturers. At the same time, other raw materials such as plastic particles, plastic parts, packaging materials, etc. are also needed. Downstream sales channels mainly include online sales channels and offline sales channels.
- Analysis of the current status of the global thermos cup industry
With the improvement of people's living standards and changes in consumption concepts, the demand for daily necessities such as thermos cups is also increasing. In developed countries and regions such as Europe, the United States, Japan and South Korea, the consumer market for stainless steel vacuum insulated utensils is relatively mature, with large market capacity and stable growth. According to data, the global thermos cup market will grow from 44.2 billion yuan in 2017 to 55.5 billion yuan in 2022, with an average annual compound growth rate of 3.9%.
- Analysis of the current situation of China’s thermos cup industry
China's exports of thermos cups have shown steady growth in recent years. This is mainly due to the technological innovation and product quality improvement of China's thermos cup industry, as well as the growth of global consumers' demand for high-quality thermos cups. According to data, China's thermos cup exports in 2022 will be 27.805 billion yuan, an increase of 4.601 billion yuan year-on-year, reflecting the recognition and trust of global consumers in Chinese thermos cups.
- Future development trends of the thermos cup industry
The future development trend of the thermos cup industry will be diversified, intelligent and green. With the continuous innovation of technology and the diversification of consumer demands, the thermos cup industry will continue to expand new application areas and product types, such as smart thermos cups, sports thermos cups, etc. At the same time, intelligent technology will also be widely used in the design and manufacturing of thermos cups to improve product convenience and user experience. In addition, environmental protection and sustainable development will become important directions in the thermos cup industry, and companies will pay more attention to the application of environmentally friendly materials and the recycling of waste products to meet the environmental protection needs of global consumers. To sum up, the thermos cup industry will usher in greater development opportunities in the future in terms of diversification, intelligence and greenness.