Cooler Box Market was valued at US$ 4138.2 Mn. in 2020. Global Cooler Box Market size is estimated to grow at a CAGR of 11.8%.
Cooler Box Market Overview:A Cooler Box refers to a compact non-mechanical enclosed box usually used to store food and drinks. It provide low temperature to the items or products, which kept inside. Boxes are designed for providing insulation to the products. Cooler boxes are easy to transport form one place to another as they are highly portable. They are generally used for picnics, holidays, and vacations purpose. In addition, they are also used in places where summers are hot. The ice packs or ice cubes are placed in the box to keep the low temperature within a box. Ice packs are usually more preferable over ice cubes as they offer more low temperature for longer duration. Cooler box also used in healthcare industry to store or kept medicine in low temperature surrounding. According to Maximize Market Research report, the global production of coolers, which includes soft and hard coolers is expected to grow from almost 25 million units worldwide in 2020 to more than 48.41 million units by 2027. To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.
Global Cooler Box Market Dynamics:Increasing usage of Box Cooler in Pharmaceutical Industry: The growing pharmaceutical Industry is primarily driving the cooler box market growth across the globe. Pharmaceutical products are normally temperature sensitive and it required uninterrupted low or freezing temperature. According to World health Organisation (WHO) regulations, the pharmaceutical products such as medicine, drugs, syringe, and others are strictly transfer or shipped or store in temperature controlled environment inside the insulated or enclosure box. These regulations are mandatory for all pharmaceutical manufacturers, importers and logistics & storage partners across the globe to fulfil these laws while dealing with such type of drugs. The favourable transport and storage regulations executed by international authorities are promoting the use of cooler boxes obligatory for transportation or shipment of temperature-sensitive products is expected to boost the demand of cooler boxes during the forecast period. In addition increasing investment by government of countries and major players for Research and Development (R&D) in pharmaceutical industry is also driving the cooler box market growth across the region. However, unfavourable weather conditions are expected to restrain people’s recreational activities. In addition, Extreme cold weather or rainy seasons reduce the use of these cooler boxes. People not prefer to consume cold food or beverages during winter season. The cooler boxes always required ice cubes or ice packs to function, which increase the operational cost. Increasing need for temperature control to prevent food loss and Governments Initiatives: Food industry are focusing on major areas, such as food security, food safety, environmental sustainability, along with minimum food wastages across the globe. Generally, unpreserved products are exposed to changing temperatures during their transportation and handling or storing, which results in their wastage. As a result, the demand for insulated cooler boxes has been increased across the globe. Growing government initiatives to overcome concerns regarding packaging waste’s impact on environmental sustainability is fueling the demand for cooler boxes across the globe. For instance, the Indian government amended its plastic waste management regulations on June 26, 2020. Standard tests are also carried out to estimate the capacity of packing systems to keep the temperature range set by the International Safe Transit Association (ISTA) standards. In addition, it focuses on packaging, storage, and transportation of goods. Global Cooler Box Market Segment Analysis: Based on the Type, the Cooler Box Market is segmented into Reusable and Disposable. The Reusable segment held the largest market share, accounting for 67% in 2020. Reusable Cooler boxes with their high efficiency and hard shell it is more preferable to other types of boxes. They are highly cost-effective and more durable as compared to disposable cooler boxes. These factors are driving the cooler box growth during the forecast period for this segment. The reusable cooler boxes are primarily used in the pharmaceutical sector, where temperature consolation for products is important. Based on the Raw Material, the Cooler Box Market is segmented into PU Foam, Expanded Polystyrene, Extruded Polystyrene, Expanded Polypropylene, and Others. The PU Foam segment held the largest market share, accounting for 34% in 2020. PU foam provides the lowest thermal conductivity as compared to other insulation materials, which facilitates space-saving by using lower insulation thickness to achieve the same insulation efficiency. PU foam cooler boxes are especially important in space-limited cold chain logistics. The Cost-effectiveness of foam cooler boxes compromises cost benefits to end-users. As a result, it has emerged as a preferred packaging solution used by end-users for regular storage and transit of their produce.
Global Cooler Box Market Regional Insights:North America region held the largest market share accounted for 46.1% in 2020. The region's growth is primarily attributed to the growing demand for cooler boxes to use in the pharmaceutical cold chain in the region. Asia Pacific region is expected to witness significant growth at a CAGR of 11.2% during the forecast period. China, India, Japan, and South Korea, are the major contributors to the Asia Pacific region's strong necessity for cooler boxes. The availability of low-cost labour and raw materials has resulted in increased cooler box manufacturing, which is driving the cooler box market growth in the region. The objective of the report is to present a comprehensive analysis of the Cooler Box Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Cooler Box Market dynamic, structure by analyzing the market segments and projecting the Cooler Box Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cooler Box Market make the report investor’s guide.
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Global Cooler Box Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 4138.2 Mn. Forecast Period 2021 to 2027 CAGR: 5.87% Market Size in 2027: US $ 9034.5 Mn. Segments Covered: by Type • Reusable • Disposable by Raw Material • Expanded Polystyrene • Extruded Polystyrene • Expanded Polypropylene • Others by End-User • Pharmaceuticals • Food & Beverages
Global Cooler Box Market by Region• North America • Europe • Asia Pacific • South America • The Middle East and Africa
Global Cooler Box Market Key Players• Sonoco Thermosafe • B Medical System • Blowkings • ISONOVA • Eurobox Logistics • Softbox Systems Ltd. • va-Q-tec AG • Coldchain Technologies, Inc. • Sofrigam Group • FEURER GmbH • Igloo • Wild Coolers • K2 Coolers • Cool Ice Box Company • Bison Coolers Frequently Asked Questions: 1] What segments are covered in the Cooler Box Market report? Ans. The segments covered in the Cooler Box Market report are based on Type, Raw Material, and End-User. 2] Which region is expected to hold the highest share in the Cooler Box Market? Ans. The North American region is expected to hold the highest share in the Cooler Box Market. 3] What is the market size of the Cooler Box Market by 2027? Ans. The market size of the Cooler Box Market by 2027 is US $ 9034.5 Mn. 4] What is the forecast period for the Cooler Box Market? Ans. The Forecast period for the Cooler Box Market is 2020-2027. 5] What was the market size of the Cooler Box Market in 2020? Ans. The market size of the Cooler Box Market in 2020 was US $ 4138.2 Mn.
1. Global Cooler Box Market Size: Research Methodology 2. Global Cooler Box Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Cooler Box Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cooler Box Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Cooler Box Market Size Segmentation 4.1. Global Cooler Box Market Size, by Type (2020-2027) • Reusable • Disposable 4.2. Global Cooler Box Market Size, by Raw Material (2020-2027) • PU Foam • Expanded Polystyrene • Extruded Polystyrene • Expanded Polypropylene • Others 4.3. Global Cooler Box Market Size, by End-User (2020-2027) • Pharmaceuticals • Food & Beverages 5. North America Cooler Box Market (2020-2027) 5.1. Global Cooler Box Market Size, by Type (2020-2027) • Reusable • Disposable 5.2. Global Cooler Box Market Size, by Raw Material(2020-2027) • PU Foam • Expanded Polystyrene • Extruded Polystyrene • Expanded Polypropylene • Others 5.3. Global Cooler Box Market Size, by End-User (2020-2027) • Pharmaceuticals • Food & Beverages 5.4. North America Cooler Box Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Cooler Box Market (2020-2027) 6.1. European Cooler Box Market, by Type (2020-2027) 6.2. European Cooler Box Market, by Raw Material (2020-2027) 6.3. European Cooler Box Market, by End-User (2020-2027) 6.4. European Cooler Box Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cooler Box Market (2020-2027) 7.1. Asia Pacific Cooler Box Market, by Type (2020-2027) 7.2. Asia Pacific Cooler Box Market, by Raw Material (2020-2027) 7.3. Asia Pacific Cooler Box Market, by End-User (2020-2027) 7.4. Asia Pacific Cooler Box Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Cooler Box Market (2020-2027) 8.1. The Middle East and Africa Cooler Box Market, by Type (2020-2027) 8.2. The Middle East and Africa Cooler Box Market, by Raw Material (2020-2027) 8.3. The Middle East and Africa Cooler Box Market, by End-User (2020-2027) 8.4. The Middle East and Africa Cooler Box Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Cooler Box Market (2020-2027) 9.1. Latin America Cooler Box Market, by Type (2020-2027) 9.2. Latin America Cooler Box Market, by Raw Material (2020-2027) 9.3. Latin America Cooler Box Market, by End-User (2020-2027) 9.4. Latin America Cooler Box Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Sonoco Thermosafe 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. B Medical System 10.3. Blowkings 10.4. ISONOVA 10.5. Eurobox Logistics 10.6. Softbox Systems Ltd. 10.7. va-Q-tec AG 10.8. Coldchain Technologies, Inc. 10.9. Sofrigam Group 10.10. FEURER GmbH 10.11. Igloo 10.12. Wild Coolers 10.13. K2 Coolers 10.14. Cool Ice Box Company 10.15. Bison Coolers