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The Global Cooler Box Market- Growth, COVID-19 impact and Forecast (2021-2025)

The Cooler Box market is segmented by Raw Material Type (Polyurethane Foam, EPS, EPP, XPS, Others); product type (Disposable and Reusable); End-user (Pharmaceuticals, Food & Beverages); Geography (North America, Europe, APAC and ROW).

Introduction
  • A cooler box is a compact non-mechanical wrapped box used to store food and drinks. Ice packs or ice cubes are commonly placed in the box to keep the contents cool. They are commonly made from plastic and come in various sizes.


  • Cooler boxes offer longevity and durability and are easily affordable. These boxes are available in a wide range of colors, designs, and sizes.


  • Rising popularity of outdoor recreational activities is one of the key drivers of the market. However, stringent environmental rules and regulations, increasing fuel cost and high capital investment requirements is hampering the growth of the market.


  • During pandemic, the demand for cooler box in pharmaceutical industry, ongoing COVID-19 vaccination drives has increased significantly. Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.

Table of Contents
  1. Executive Summary

  2. Scope of the report

  3. Research Methodology

  4. Executive Summary

  5. Introduction

5.1 Parent Market/ TAM

5.2 Market Outline

5.3 Market Segmentation


    6.Five Force analysis

    7.Market Sizing

    8.Market segmentation

    9.Geographical Landscape


9.1 APAC

9.2 Europe

9.3 North America

9.4 ROW


   10.  Growth drivers


10.1 Increasing need for temperature control to prevent food loss and potential health hazards

10.2 Growth in international food trade


   11.Key Market Trends

   12.Impact of Covid-19

   13.Challenges

   14.Customer Insights analysis

   15.Major Market Players


15.1 Sonoco ThermoSafe

15.2 B Medical Systems

15.3 Blowkings

15.4 AOV International

15.5 Eurobox Logistics

15.6 Cool Ice Box

15.7 Softbox Systems

15.8 FEURER

15.9 Sofrigam Group


   16.Recent Developments

   17.Future Scope

   18.Strategic Recommendations

Market Overview
  • Global cooler box market is expected to grow to $8.70 billion by 2025.


  • Growth momentum is expected to accelerate during the forecast period with 13.11% CAGR.


  • Increasing demand from food and beverages sector are driving factors for the market growth.


  • APAC is a prominent regional market owing to the high demand from countries like India, China, Japan and so on.

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Key Trends
  • Various product innovations, such as the development of sustainable cooler box solutions manufactured using recyclable materials, are expected to fuel the demand.

  • The increasing potential markets for insulated packaging are expected to drive the market demand in the future.

  • Growing organized retail sector is also anticipated to fuel the market demand.

Key Market Players
  • Some of the key players in the market are Sonoco ThermoSafe, B Medical Systems, Blowkings, AOV International, Eurobox Logistics, Cool Ice Box.

  • Various companies in this market are adopting various strategies regarding product development & differentiation, pricing, brand, technology, and customized products to gain a competitive advantage.

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Growth Drivers and Challenges
  • The increasing need for temperature control to prevent food loss and potential health hazards is driving the market growth.

  • Growth in international food trade due to trade liberalization is one of the drivers of the market.

  • Ongoing COVID-19 vaccination drives across the globe are currently driving the market demand.

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