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With a significant increase in the demand for insulated drinkware, key players have begun to outsource their manufacturing processes. Several large multinationals have been following a mix of in-house manufacturing and strategic outsourcing. This strategic shift find its roots in the demand-supply gap that was being witnessed in the past half-decade.
The number of insulated drinkware products has mushroomed on online stores in the recent past. While this has enabled consumers to have a broader choice, new entrants have found it as a potent platform to showcase their products against established brands. While the total available market for insulated drinkware stands at a US$2.5 Bn opportunity by 2029, under good conditions Fact.MR projects it at slightly above US$ 1 Bn.
Key Takeaways of the Global Insulated Drinkware Market
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Cutting Edge Evolutions in Insulated Drinkware to Bolster the Demand
Global insulated drinkware market’s top five players accounted for around 15% share of the global insulated drinkware market in 2018.
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