Cooler Box Market Size, Scope, Growth Analysis 2022-2028
The global cooler box market size was valued at USD 4,852.9 million in 2021 and is poised to grow at a significant CAGR of 10.3% during the forecast period 2022-28. The presence of strict temperature control requirements in the pharmaceutical business and the development of international food trade as a result of trade liberalization have a positive impact on the cooler box market. The use of these cooler boxes is limited by extreme cold or rainy days. In excessively cold temperatures, consumers prefer not to consume cold food or beverages. Furthermore, cooler boxes require ice cubes or ice packs to operate. The increasing awareness of environmental issues and proper disposal of waste also act as restraints for the growth of this market.
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Reusable Segment Dominates the Cooler Box Market
In 2021, the reusable cooler box category held the most significant proportion of the cooler box market. Compared to the cardboard and foam of disposable cooler boxes, reusable cooler boxes are becoming more resilient in terms of their exterior. These cooler boxes are generally utilized in the pharmaceutical business, where preserving product temperature for more extended periods is crucial
The global cooler box market is segmentation:
- By Type: Reusable and Disposable
- By End-User: Pharmaceuticals and Food & Beverages
- By Raw Material: PU Foam, Expanded Polystyrene, Extruded Polystyrene, Expanded Polypropylene, and Others
North America Leads Cooler Box Market
North America is expected to lead the global cooler box market during the forecast period. The growing demand for cooler boxes in the pharmaceutical cold chain and camping/ family vacations is driving the North American regional market. The cooler box market in the Asia Pacific region is expected to grow the fastest from 2022 to 2028. This growth is primarily attributed to the high demand from China, Japan, South Korea, and India.
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Key players’ profiles in the cooler box market report are Sonoco ThermoSafe, B Medical Systems, Blowkings, ISONOVA, Eurobox Logistics, Softbox Systems Ltd, Coldchain Technologies, Inc, Sofrigam Group, FEURER GmbH.
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