Cooler Box Market by Type, Raw Material, End-use Industry and Region - Global Forecast to 2025 - ResearchAndMarkets.com

The "Cooler Box Market by Type (Disposable, Reusable), Raw Material (Polyurethane Foam, EPS, EPP, XPS, Others), End-Use Industry (Pharmaceuticals, Food & Beverages) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The cooler box market is estimated to be valued at USD 4.6 billion in 2020 and is projected to reach USD 8.1 billion by 2025, at a CAGR of 12.1% from 2020 to 2025.

Growth in the pharmaceutical industry, ongoing COVID-19 vaccination drives, transportation of processed and fresh fruits, vegetables, dairy products, and other perishable food products are contributing to the growth of the cooler box market.

Reusable is the largest segment of the global cooler box market, by type.

The reusable cooler box segment accounted for the larger share of the cooler box market in 2019. Reusable cooler boxes available in the consumer market are becoming more robust in terms of their exterior, with hard shells being deployed in comparison to the cardboard and foam of disposable cooler boxes. These cooler boxes are primarily used in the pharmaceutical industry, wherein maintaining the temperature of products for a longer time is a critical factor.

PU Foam is the largest segment of the cooler box market, by the material.

The PU foam segment accounted for the larger share of the cooler box market in 2019. PU foam has the lowest thermal conductivity among insulation materials, which enables space-saving by using lower insulation thickness while achieving the same insulation efficiency as with other materials. This is especially important in space-limited cold chain logistics.

North America is projected to lead the cooler box market during the forecast period.

North America is expected to lead the global cooler box market during the forecast period. The growing demand for cooler boxes for use 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 2020 to 2025. This growth is primarily attributed to the high demand from countries such as China, Japan, South Korea and India.

Market Dynamics

• Increasing Need for Temperature Control to Prevent Food Loss and Potential Health Hazards
• Ongoing COVID-19 Vaccination Drives Across the Globe
• Stringent Temperature Control Requirements in Pharmaceutical Industry
• Growth in International Food Trade due to Trade Liberalization

• Stringent Environmental Rules & Regulations

• High Growth Potential Markets for Insulated Packaging
• Growth in Organized Retail Sector

• Significant Fluctuations in Crude Oil Prices
• Rising Fuel Cost and High Capital Investment Requirements

Companies Mentioned

• AOV International LLP
• Apex International
• Aucma
• B Medical Systems
• Blowkings
• Cambro
• Cip Industries CC
• Cold Chain Technologies, Inc.
• Coldchain Controls
• Coleman Company, Inc
• Cool Ice Box Company Ltd.
• Dhruvraj Syndicate
• Embalex S.L.U
• Engel Coolers
• Eurobox Logistics
• Feurer
• Grizzly Coolers LLC
• Harwal Group of Companies
• Igloo Coolers
• Isonova
• K2 Coolers
• Koolatron
• Liderkit
• MB Plastic Industries
• Nilkamal Ltd.
• Orca Coolers
• Polar Tech Industries Inc
• Rollawaycontainer
• SME Matrix
• Sofrigam Group
• Softbox Systems Ltd.
• Sonoco Thermosafe
• Starting Blocks
• Va-Q-Tec Ag
• Yeti Coolers, LLC

For more information about this report visit https://www.researchandmarkets.com/r/t3nw0

View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005870/en/