Cooler Box Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Cooler Box Market: 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), and Geography

 

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Report

Description

Cooler Box Market Size is expected to reach USD 4,852.9 million in 2021, with a strong CAGR of 10.3 percent expected from 2022 to 2028. The cooler box market is growing due to expansion in the pharmaceutical sector, continuous COVID-19 vaccination programs, and technological developments in the cooler box business to ship packaged and dairy products, fresh fruits, vegetables, and other perishable food goods. The increase in the need for temperature control to prevent food loss and potential health hazards is one of the main aspects driving the cooler box market. Additionally, the high usage for the transportation of processed and fresh fruits, vegetables, dairy products, and other perishable food products, growth in population, rapid urbanization, change in lifestyle, and research and development activities positively affect the cooler box market. Furthermore, increased demand for insulated packaging, technological advancements, and growth in the organized retail sector extends profitable opportunities to the cooler box market players in the forecast period. The reusable cooler box segment is expected to develop at the fastest CAGR during the projection period. In 2021, the reusable cooler box segment held the largest proportion of the cooler box market. Reusable cooler boxes on the market are becoming more durable on the outside, with hard shells replacing the cardboard and foam of disposable cooler boxes. These cooler boxes are primarily utilized in the pharmaceutical business, where preserving product temperature for more extended periods is crucial.

Recent Market Developments:

In April 2021, B Medical Systems, the Luxembourg-based international leader in medical-grade refrigeration and vaccine cold chain equipment, announced that it is partnering with Cold Chain Technologies, one of the most comprehensive providers of reusable and single-use thermal packaging solutions for the shipment of temperature-sensitive material, to bring end-to-end thermal shipping and medical storage solutions to the life sciences market. Under the agreement, Cold Chain Technologies will be offering B Medical Systems Ultra-low freezers, Laboratory/Pharmacy Refrigerators, Laboratory Freezers, and medical transport boxes to their customers.

In March 2022, Cold Chain Technologies, LLC a portfolio company of Aurora Capital Partners and a leading global provider of thermal packaging solutions for the transportation of temperature-sensitive products for the life sciences industry, announced that it has acquired Packaging Technology Group, LLC a leading provider of sustainable, curbside-recyclable thermal packaging solutions for the life sciences industry

Cooler Box Market

MARKET SUMMARY
-
18.7%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 18.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Cooler Box Market

  • The cooler box market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The cooler box market is segmented based on type, end-user, raw materials, and geography.
Key Players
  • Blowkings
  • ISONOVA
  • Eurobox Logistics
  • Softbox Systems Ltd
  • Coldchain Technologies, Inc
Cooler Box Market

Dynamics

Packaging, food and beverage, and chemicals are all proliferating, which should help the worldwide cooler box market grow. The high capital investment, rising fuel cost, and fluctuations in crude oil prices are the factors expected to obstruct the cooler box market growth. Implementing stringent environmental rules & regulations is projected to challenge the cooler box market in the forecast period.


Asia-Pacific Got Significant Share

Cooler Box Market

Because of the considerable target population and rising adoption of modern cooler boxes, North America dominated the market and held the greatest market share in 2021. Furthermore, the presence of many market participants in the region will aid market expansion throughout the projection period. Asia Pacific is expected to have the highest CAGR during the forecast period. Because of advancements in healthcare facilities and expanding government attempts to provide superior mobility equipment, the area is backed by a big population base in nations like India and China. Furthermore, countries with a large aging population, such as Japan, benefit from market expansion.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Cooler Box Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Cooler Box Market is projected to expand at a CAGR of 10.3% during the forecast period.

Eurobox Logistics, Softbox Systems Ltd, Coldchain Technologies, Inc, Sofrigam Group, FEURER GmbH

Asia-Pacific is the fastest-growing region for Cooler Box Market


Report

Company Profile

  • Blowkings
  • ISONOVA
  • Sofrigam Group
  • FEURER GmbH
  • Eurobox Logistics
  • Sonoco ThermoSafe,
  • B Medical Systems,
  • Softbox Systems Ltd
  • Coldchain Technologies, Inc

Description

Cooler Box Market Size is expected to reach USD 4,852.9 million in 2021, with a strong CAGR of 10.3 percent expected from 2022 to 2028. The cooler box market is growing due to expansion in the pharmaceutical sector, continuous COVID-19 vaccination programs, and technological developments in the cooler box business to ship packaged and dairy products, fresh fruits, vegetables, and other perishable food goods. The increase in the need for temperature control to prevent food loss and potential health hazards is one of the main aspects driving the cooler box market. Additionally, the high usage for the transportation of processed and fresh fruits, vegetables, dairy products, and other perishable food products, growth in population, rapid urbanization, change in lifestyle, and research and development activities positively affect the cooler box market. Furthermore, increased demand for insulated packaging, technological advancements, and growth in the organized retail sector extends profitable opportunities to the cooler box market players in the forecast period. The reusable cooler box segment is expected to develop at the fastest CAGR during the projection period. In 2021, the reusable cooler box segment held the largest proportion of the cooler box market. Reusable cooler boxes on the market are becoming more durable on the outside, with hard shells replacing the cardboard and foam of disposable cooler boxes. These cooler boxes are primarily utilized in the pharmaceutical business, where preserving product temperature for more extended periods is crucial.

Recent Market Developments:

In April 2021, B Medical Systems, the Luxembourg-based international leader in medical-grade refrigeration and vaccine cold chain equipment, announced that it is partnering with Cold Chain Technologies, one of the most comprehensive providers of reusable and single-use thermal packaging solutions for the shipment of temperature-sensitive material, to bring end-to-end thermal shipping and medical storage solutions to the life sciences market. Under the agreement, Cold Chain Technologies will be offering B Medical Systems Ultra-low freezers, Laboratory/Pharmacy Refrigerators, Laboratory Freezers, and medical transport boxes to their customers.

In March 2022, Cold Chain Technologies, LLC a portfolio company of Aurora Capital Partners and a leading global provider of thermal packaging solutions for the transportation of temperature-sensitive products for the life sciences industry, announced that it has acquired Packaging Technology Group, LLC a leading provider of sustainable, curbside-recyclable thermal packaging solutions for the life sciences industry

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