Will there be more new products in the water cup market in 2021?

The content of this article is the author's personal opinion, based on years of experience in the water bottle market and various data analysis, it is neither authoritative nor representative.

Will there be more new products in the water cup market in 2021? I personally think that more new products will not appear in the water cup market in 2021. This can be analyzed from the following points:

1. The outbreak period of the water bottles passed, and it is currently a cold period in the water bottle market. 2013-2019 is an explosive period for the global water cup market. Every year, there are a large number of new products used, and a large number of technologies are integrated into the water cup industry, resulting in the water cup that fully meets the needs of the market in terms of function and structure.

2. Let people be exposed to a large number of various water cup information in a short time, and it is precisely in recent years that the sales of global water cups have increased exponentially. However, since 2020, people's interest in drinking bottles has gradually decreased. In fact, it has been relatively reduced. This is because if there is no particularly novel technology or technology, it will no longer mobilize the excitement of the market as easily as before.

3. The impact of the epidemic, when the global economy has begun to decline, the emergence of the epidemic has exacerbated the shrinking of the global economy. In 2020, there was a global panic buying boom. During this time, many factories received more orders than in previous years. However, as the epidemic continues to develop, when the goods hoarded by global sellers can meet the market demand for a certain period of time, the sharp drop in orders will become extremely rapid.

4. Changes in the consumer market have caused an increase in operating costs, which has caused production plants to be unwilling to spend more time and cost on developing new products. Because the operating costs for new products to be accepted by the market far exceed those of previous years, such an investment is like a chicken rib for many factories.

There are many reasons for the slow development of new products in the water bottle market, and we will not cite examples, but these three reasons are indeed the main reasons for the decrease of new products in the water bottle market in 2021.

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