Overview and Scope
The cooler box refers to a portable cooling appliance made with insulating material to maintain its internal temperature regardless of the outside temperature. This is used to preserve perishable goods or keep them fresh and cool for a long time. It is often kept closed and only opened when something from inside is required.
Sizing and Forecast
The cooler box market size has grown rapidly in recent years. It will grow from $6.52 billion in 2023 to $7.29 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to outdoor activities boom, healthcare and pharmaceuticals usage, outdoor events and festivals, urbanization and convenience, food delivery service growth.
The cooler box market size is expected to see rapid growth in the next few years. It will grow to $11.64 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to rising demand for portable storage, healthcare and pharmaceuticals growth, sustainable and eco-friendly solutions, outdoor recreation and travel, urbanization and convenience, growth in food delivery services.. Major trends in the forecast period include demand in beverage industry, innovations in design and portability, regulatory standards and compliance, customization and innovation.
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Segmentation & Regional Insights
The cooler box market covered in this report is segmented –
1) By Type: Reusable, Disposable
2) By Product: Handle, Wheeled, Handle and Wheel
3) By Cooling Material: Wet Ice, Dry Ice, Gel Packs
4) By Raw Material: PU Foam, Expanded Polystyrene, Extruded Polystyrene, Expanded Polypropylene
5) By End Use: Pharmaceuticals, Food and Beverages
North America was the largest region in the cooler box market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cooler box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the pharmaceutical industry is significantly contributing to the growth of the cooler box market. The pharmaceutical industry includes businesses that produce preparations used to prevent and cure diseases. The pharmaceutical industry uses various products like test samples for medicines, blood samples, blood packets, ampules, and vaccines, which stay safe and stable under colder temperatures. Cooler boxes keep their inside environment colder and unaffected by outside temperature, which helps in the safe transportation of pharmaceutical products. For instance, according to the India Brand Equity Foundation (IBEF), an Indian Government export promotion agency, India’s drug and pharmaceutical exports increased to $24.62 billion in 2021–22. Therefore, growth in the pharmaceutical industry will drive the growth of the cooler box market.
Key Industry Players
Major companies operating in the cooler box market report are Sonoco ThermoSafe, B Medical Systems S.à r.l., BLOWKINGS, Nilkamal Limited, IsoNova Technologies LLC, Eurobox Logistics S.A., Softbox Systems Ltd., Sofrigam S.A., CIP Industries B.V., Coldchain Controls LLC, Apex International, The Cool Ice Box Company Ltd., Outdoor Recreation Company of America, WildCoolers LLC, Liderkit S.A., K2 Coolers LLC, Yeti Holdings Inc., Pelican Products Inc., Igloo Products Corp., Grizzly Coolers LLC, Rubbermaid Inc., Engel Coolers LLC, The Rubbermaid Company, Polar Bear Coolers LLC, Canyon Coolers LLC, RTIC Coolers LLC, California Innovations Inc., Wal-Mart Stores Inc., Coleman Company Inc., Stanley Black & Decker Inc.
The cooler box market report table of contents includes:
1. Executive Summary
2. Cooler Box Market Characteristics
3. Cooler Box Market Trends And Strategies
4. Cooler Box Market – Macro Economic Scenario
5. Global Cooler Box Market Size and Growth
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26. South America Cooler Box Market
27. Brazil Cooler Box Market
28. Middle East Cooler Box Market
29. Africa Cooler Box Market
30. Cooler Box Market Competitive Landscape And Company Profiles
Top Major Players:
- Sonoco ThermoSafe
- B Medical Systems S.à r.l
- BLOWKINGS
- Nilkamal Limited
- IsoNova Technologies LLC
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