Stainless Insulated Container Market New Opportunities For Growth And Profitable Business Development 2030
Posted by Rajkumar on March 9th, 2023
Consumers across the world are now shifting their buying preferences from traditional metal containers to more environment-friendly alternatives like stainless insulated containers. Stainless Steel Insulation (SIS) has emerged as a popular option in this arena. Emsa, the global leader in manufacturing and commercializing thermal insulating materials, has released a range of commercialized SIS products. One of the key factors augmenting the development of the market is rapid growth of the e-commerce sector in both developed and emerging economies. As per the India Brand Equity Foundation (IBEF), the Indian e-commerce sector is expected to reach US$ 99 billion by 2024, increasing from US$ 30 billion in 2017, registering a CAGR of 27%. As a result of this, the online distribution chain for stainless insulated containers has increased. Therefore, such factors can augment growth of the stainless insulated container market.
Another key factor increasing demand for the stainless insulated containers is increasing internet penetration worldwide. According to the World Bank, the number of internet users in India increased from 7.5% of the population in 2010 to 29.55% of the population in 2017. Such factors are eventually fueling growth of the stainless insulated container market in the near future. Recently, in August 2020, LifeStraw launched a new LifeStraw Go, a stainless steel bottle with a filter in blue.
Industrial floor trays are one of the most important industrial products that are utilized in the near future. They are widely used in the food & beverage, cosmetic, pharmaceutical, and biotechnological sectors and more That being said, certain factors such as high prices of the stainless insulated container being high as compared to plastic container remain one of the major limiting factors in the development of the market. Hence, such factors could potentially impede growth of the stainless insulated container market.
These containers are specifically manufactured to prevent and contain the risk associated with food and beverages, especially from contamination. These special containers are used in the beverage industry to keep the product fresh and appealing. As far as regional impact is concerned, Asia Pacific is exhibiting major traction in the stainless insulated container market. This is due to rapidly increasing internet users in the said reign. As per to the World Bank, the number of internet users in India increased from 7.5% of the population in 2010 to 29.55% of the population in 2017. On the contrary, North America is exhibiting positive signs due to rising working population.
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About the AuthorRajkumar
Joined: February 13th, 2019
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