Global Cooler Box Market By Product (Disposable, Reusable), By Raw Material (PU Foam, Expanded Polystyrene, Extruded Polystyrene, Expanded Polypropylene), By End-Users (Pharmaceuticals, Food & Beverages), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

A cooler box is a compact, non-mechanically wrapped container meant to keep food & beverages chilled. Ice packs or ice cubes are placed in the box to keep its contents cool. Ice packs are preferred over ice cubes because they maintain their temperature for longer periods of time. Certain ice packs contain a gel that absorbs heat as it transitions between phases.

Cooler boxes are lightweight and easy to transport. They are used for picnics, holidays, vacations, etc., and are often used in warmer climates. Some of these coolers even include cup holders. They are generally made up of plastic and come in an assortment of sizes.

Detailed Segmentation –

The global cooler box market is segmented on the basis of – Product Type, Raw Material, End-Use, and Region. Represented below is a detailed segmental description:

Based on Product Type:

• Disposable
• Reusable

Based on Raw Material:

• PU Foam
• Expanded Polystyrene
• Extruded Polystyrene
• Expanded Polypropylene
• Others Raw Materials

Based on End-Use:

• Pharmaceuticals
• Food & Beverages

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Cooler Box Market:

The food industry’s key priority areas are food safety, minimal food waste, and environmental & economic sustainability. Food waste and loss are caused by a variety of factors. For example, perishable products are frequently subjected to varying temperatures during transit and handling, resulting in spoiling and wastage. To overcome this, there has been an increasing demand for thermally-controlled packaging solutions. These are certain factors that will help augment this target market in the years to come.

Restraints for the Global Cooler Box Market:

Concerns about the environmental impact of packaging waste have prompted governments all over the world to impose strict restrictions. For example, on June 26, 2020, the Indian government amended its Plastic Waste Management Norms. The ability of packaging methods to sustain the temperature range stipulated by the International Safe Transit Association (ISTA) is further validated using standard testing, which mainly focuses on the storage, packaging, and transportation of products.

As governments and private entities explore novel methods to reduce packaging waste, the European Commission’s packaging guidelines have resulted in the implementation of demanding recycling targets. As a result, growing environmental awareness among individuals, as well as the strict imposition of respective waste disposal acts/laws may further restrain this market’s growth. In the coming decade, these factors are likely to impose restraint on this market.

Opportunities for the Global Cooler Box Market:

In the insulated packaging business, emerging countries such as Brazil, India, and China are expected to exhibit a considerable level of growth potential. The food & beverage, healthcare, and chemicals industries have all benefited from China and India’s strong economic expansion. The increased need for packaging of a wide range of items, such as fish, meat, poultry, etc., has resulted in boosting this industry’s projected revenue growth. These factors are anticipated to act as catalysts for this target market.

Competitive Landscape –

Key players in this market are

• Sonoco ThermoSafe
• B Medical Systems
• BLOWKINGS India
• Nilkamal
• IsoNova
• Eurobox Logistics
• Softbox
• va-Q-tec
• Cold Chain Technologies
• Sofrigam
• FEURER Group GmbH
• Coldchain Controls
• Apex International
• Cool Ice Box Company
• ORCA
• Igloo
• CIP Industries
• Liderkit
• YETI COOLERS LLC
• MB Plastic Industries
• others

Key Developments –

• In December 2020, B Medical Systems declared the foundation of another assembling manufacturing plant in Gujarat, India. This plant is projected to provide food for therapeutically confirmed antibody cold-chain products in India. This is relied upon to assist the country with supporting the basic virus bind needed to convey COVID-19 antibodies.
• In August 2019, Sonoco ThermoSafe declared the assembling of new inactive temperature-controlled unit load gadgets under the brand name, Pegasus ULD. Pegasus ULD is the principal mass temperature-controlled holder for drug use which is a supported unit load gadget, at the most minimal expense.
• In November 2020, Cold Chain Technologies Inc. opened another office in Lebanon, Tennessee to build the creation of reusable and single-utilized uninvolved warm boxes to satisfy the uncommon need for the conveyance of the COVID-19 antibodies to the general public.

For the Cooler Box Market research study, the following years have been considered to estimate the market size: