Pocket Flask are user friendly rectangular shaped metallic containers mostly have their application in the alcoholic beverage industries. The kidney-shaped pocket flask is more popular around the globe as its designed structure in bean shape is more appealing to the consumers.
Round or Oval Pocket Flask designed particularly for women as they prefer to carry perfume or fragrance shaped bottles over liquor. Many of the silver metal manufactured Pocket flask are designed typically for gift exchange in developed nation as sign of affection which are customized to bring personal touch.
Percentage of alcohol consumption at global level to drive the Pocket Flask Market
In many parts of the world, distribution of alcohol in public is forbidden, so the trend of carrying alcohol in the Pocket Flask has increased the Pocket Flask sales on a global market. Increasing demand for Pocket Flask is growing at an international level among the age group 25-55 years, particularly people carry Pocket Flask while attending an event, celebrating festivals with relatives, watching sports event at a stadium and similar occasions during their recreation time.
The price of being light-weighted and metallic is the first choice of buyers on the world market for Pocket Flask. Increasing emancipation and globalization have accelerated the speed of trade between different world economies, thereby increasing Pocket Flask use.
Pocket Flask Containers are alike to the smartphone. As, the Pocket Flask were manufactured in the 18th century, particularly in the past, the majority of pocket flask was used mostly by well-born citizens of high-class status. The Pocket Flask was initially designed of silver, gold, copper, (Pewter) and glass, but today Pocket Flask are also found in plastics and stainless steel.
The silver-made pocket flask is now known to be items from an antique collector.
The rapid growth of large economies of developed nations and developing nations in recent years due to globalization has boosted the country's spending power, which is representative of an individual's expanded disposable income. This macroeconomic aspect is expected to raise demand for Pocket Flask in the years ahead on a global basis.
That alcohol consumption is rising in areas such as in Western Europe and North America will increase demand for the Pocket Flask industry in the years ahead, but the North African and Middle East region has less than 5 percent alcohol consumption, which could result in slow demand for Pocket Flask in the above-mentioned industry.
Several Islamic Countries like Saudi Arabia, Pakistan, Iran, Oman, Yemen and other nations have strictly prohibited the consumption of alcohol as the nations have considered it as against the cultural belief of the people. The population of Islamic religion followers is around 200 million people worldwide.
Asia Pacific countries are expected to pose major prospects for growth for the Pocket Flask industry as businesses are more geared towards the change in lifestyle consumer product industry led by knowledgeable customers across the global sector.
North America, led by the European Union, is likely to generate tremendous exponential prospects for the Pocket Flask industry, Asia-Pacific developing countries and Africa have significant growth possibilities for Pocket Flask's demand in the years ahead. The Latin America market will also be a critical Pocket Flask market in years to come.
The global outbreak of the novel coronavirus, COVID-19, further boosts demand for hand sanitizers and other hygiene products, while pushing the isopropyl alcohol market to rise. As, Alcohol Consumption is major driver for pocket flask market the demand would gradually be affected.
Isopropyl alcohol is used in the pharmacy industry to manufacture a wide array of products, including alcohol wipes, swabs, hand sanitizers, disinfectants, oral mouthwash and a host of other items. Isopropyl alcohol is often used as an antiseptic to destroy the surface bacteria before delivering injections.
So, Pocket flask containers that carry hand sanitizers could be an alternative from the actual purpose of carrying pocket flask i.e. to carry alcohol drinks in it which could trend and increase the demand for pocket flask market in pharmaceutical industries.
Globally, the Pocket Flask Market is divided on the basis of Material & Capacity
On the basis of shape, the global Pocket Flask market is segmented into:
On the basis of Capacity, the global Pocket Flask market is segmented into:
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