Bottle Openers Market is conventional to show a substantial growth in the near future
The enforcement of lockdown by the government had restricted the consumers from moving out; therefore, the consumers had no option to visit the restaurants, bar, cafes, and others, which led to decrease in requirement for bottle openers. The customers are likely to return to their habit after lockdown and begin visiting restaurants, bars, and other facilities, which will lead to the need for bottles openers.
Request For Sample :- https://www.alliedmarketresearch.com/request-sample/12753
Urban Trend (H.K.) Ltd, Chalhoub Group, Wineware (Racks & Accessories) Ltd, Zwiesel Kristallglass AG, Libbey Inc., Baccarat, Inc., Tiroler Glashutte GmbH, S & K International Co, Ltd, Perfect Manor International Ltd, and Vogue (H.K.) Ltd.
COVID-19 Impact Analysis
There was a partially negative effect on the bottle opener market due to the COVID-19 pandemic as the consumers were restricted to move outdoors and the food sector had no visitors. The unavailability of stocks and the disrupted distribution channel could not counter the demand raised by the household sector. The companies could not receive the appropriate amount of raw materials in processing into bottle openers.
The pandemic has induced the usage of online services in consumers. The increase in the shopping of wines and other beverages by the consumers has directly increased the demand for bottle openers in the household sector.
Top Impacting Factors
The growing middle-class population, increase in disposable income, high investment toward the hotel and catering industry are expected to influencing the trend of visiting restaurants, bars, cafes, and others. The food industry opts for using tools such as a bottle opener to boost working tempo and minimize waiting time to control demand and enhance service quality.
The introduction of e-commerce is an opportunity for consumers to explore the desired products and buy according to their preference. The bottle opener companies should introduce new designs for products that give an option to be reviewed by the consumers that help direct the companies in identifying the exact market need.
Get detailed COVID-19 impact analysis on the Bottle Openers Market :- https://www.alliedmarketresearch.com/bottle-openers-market-A12388
Online shopping of food & beverages boosts the growth of essential equipment that is accompanied to carry out the process of serving or consuming. The increased online ordering of wines and other beverages created a need for bottle openers in the household sector.
Changing in lifestyle and taste of the consumer
A trend of rapid urbanization is occurring in developing countries, where consumers from rural areas are adapting to the urban culture. This transformation is also affecting the change of taste and preferences. Consumers are shifting toward the practice of consuming drinks at homes as moving outdoors is not possible. The enforcement of lockdown and the busy schedule of the consumers are forcing them to move toward online shopping.
The introduction of new designs is expected to attract customers
The spirit businesses attach bottle openers to their alcoholic drink bottles, making them more effective in the design and the user. On the other hand, manufacturing companies are working on new designs and shapes to attract consumers. The design relates to the everyday object, the figure of an animal, sports figures and others that entice buyers to acquire the goods. Customer can relate themselves to the design in one way or another.
Online retailing is gaining popularity
The major manufacturers of bottle opener all around the world, contributing to a large percentage of the total production of openers. Manufacturing companies offer heavy discounts on sales of openers, making it a profit-making deal for the buyers. Due to the ongoing pandemic, the business had partially shifted from traditional to online. Currently, the manufacturing companies are creating their website for sales or entering into a partnership with e-commerce giants to sell their products.
Purchase Enquire :- https://www.alliedmarketresearch.com/purchase-enquiry/12753
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bottle Openers Market is conventional to show a substantial growth in the near future here
News-ID: 2395432 • Views: 165
More Releases from Allied market research
Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies
More Releases for AMR
Bathroom Mirror Cabinets Market CAGR to Grow at 5.6% | AMR
According to the report published by Allied Market Research, the global bathroom mirror cabinets market was estimated at $649.3 million in 2018 and is expected to hit at $995.9 million by 2026, registering a CAGR of 5.6% from 2019 to 2026. The report provides an all-inclusive analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. Download Sample Copy
AMR Forecasts Online Smartphone and Tablet Games Market by 2026
Online smartphone and tablet games is a platform offered by the service providers that enables one or more players to participate in the game through smartphone or tablet. Online games are available through all kinds of operating systems. Further, increase in network connectivity and the new innovation such as virtual reality in the game or play industry drive the market. Explore Full Summary: https://www.alliedmarketresearch.com/online-smartphone-and-tablet-games-market The online smartphone and tablet games market are
AMR Forecasts a Booming Cyber Security Market in Healthcare -Openpr
Healthcare industries globally have gone through rapid digitization. For instance, healthcare organizations focus on investing on enhanced patient monitoring solutions and healthcare information systems to improve patient care. Furthermore, drastic rise in the number of cyber-attacks and data breaches increases the need for enhanced data security solutions that are expected to ensure protection against hacking and unauthorized data access. Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2268 The global market was valued at
Surgical Equipment Market to Reach $15,737.1 Million by 2023 | AMR
According to a new report published by Allied Market Research, titled, Surgical Equipment Market by Product, Category, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global surgical equipment market valued at $9,783.8 million in 2016, and is estimated to reach $15,737.1 million by 2023, at a CAGR of 7.0% during the forecast period. The surgical sutures & staplers segment accounted for two-fifths of the total market share in
Global AMR Smart Water Management Market Research Report 2017
Qyresearchreports include new market research report "Global AMR Smart Water Management Market Research Report 2017" to its huge collection of research reports. This study on the global AMR Smart Water Management market is conducted with supreme assiduousness and comprehensiveness through commercial, market-oriented, and technical research. The results about the global AMR Smart Water Management market procured in the study are an out-turn of an extensive implementation of secondary sources such as
United Utilities Q&A released on AMR metering programme update
SMi report: New interview released with Neil Harper, United Utilities SMi Group are thrilled to welcome the expertise of Neil Harper, Operational Development Manager at United Utilities at the 6th annual conference on Smart Water Systems when it returns to Central London this April. Neil has worked at United Utilities for over 30 years and has extensive experience in the area of water metering. In his current role as Operational