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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Cooler Box Market 4.2 Cooler Box Market, by Region 4.3 North America Cooler Box Market, by End-Use Industry & Country 4.4 Cooler Box Market, Major Countries
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Increasing Need for Temperature Control to Prevent Food Loss and Potential Health Hazards 188.8.131.52 Ongoing COVID-19 Vaccination Drives Across the Globe 184.108.40.206 Stringent Temperature Control Requirements in Pharmaceutical Industry 220.127.116.11 Growth in International Food Trade due to Trade Liberalization 5.2.2 Restraints 18.104.22.168 Stringent Environmental Rules & Regulations 5.2.3 Opportunities 22.214.171.124 High Growth Potential Markets for Insulated Packaging 126.96.36.199 Growth in Organized Retail Sector 5.2.4 Challenges 188.8.131.52 Significant Fluctuations in Crude Oil Prices 184.108.40.206 Rising Fuel Cost and High Capital Investment Requirements 5.3 Porter's Five Forces Analysis 5.3.1 Bargaining Power of Suppliers 5.3.2 Threat of New Entrants 5.3.3 Threat of Substitutes 5.3.4 Bargaining Power of Buyers 5.3.5 Intensity of Rivalry
6 Industry Trends 6.1 COVID-19 Impact Analysis 6.1.1 Introduction 6.1.2 COVID-19 Health Assessment 6.1.3 COVID-19 Economic Assessment 220.127.116.11 COVID-19 Impact on the Economy - Scenario Assessment 6.1.4 Impact of COVID-19 on Cooler Box Market 6.2 Supply Chain Analysis 6.3 Value Chain Analysis 6.3.1 Prominent Companies 6.3.2 Small & Medium Enterprises 6.4 Yc-Ycc Shift 6.5 Production Technology 6.5.1 Production Technology for Reusable & Disposable Cooler Boxes 6.6 Price Analysis 6.7 Patent Analysis 6.8 Cooler Box Market Ecosystem 6.8.1 Original Equipment Manufacturers 6.8.2 Distributors of Cooler Boxes 6.8.3 End-users of Cooler Boxes 6.9 Import & Export Trade Analysis 6.10 Regulatory Landscape 6.11 Macroeconomic Indicators 6.11.1 Healthcare 6.11.2 Trends of Oil & Natural Gas Prices 6.11.3 Trends and Forecast of Gdp 6.11.4 Urbanization 6.11.5 Per Capita Income 6.12 Case Study Analysis 6.12.1 COVID-19 Vaccine 18.104.22.168 Cold Chain Technologies, Inc. Set Up a New Facility to Manufacture Special Cooler Boxes for COVID-19 Vaccine Delivery 6.12.2 Pharmaceuticals 22.214.171.124 B Medical Systems Partnered with Seedr to Develop Advanced Passive Cold Storage Equipment for Vaccine and Pharmaceutical Delivery 126.96.36.199 Sonoco Thermosafe Developed Advanced and Durable Cooler Box for Pharmaceutical Cold Chain 188.8.131.52 Softbox Systems Ltd. Developed Eco-Friendly Recyclable Cooler Box for Pharmaceutical Cold Chain 6.12.3 Food & Beverages 184.108.40.206 Feurer GmbH Developed Special Packaging Solutions for Food & Beverages Industry
7 Cooler Box Market, by Cooling Material 7.1 Introduction 7.2 Dry Ice 7.3 Wet Ice 7.4 Gel Packs 7.5 Eutectic Plates 7.6 Liquid Nitrogen 7.7 Insulated Blankets
8 Cooler Box Market, by Raw Material 8.1 Introduction 8.1.1 COVID-19 Impact on Raw Material Segment 8.2 Expanded Polystyrene 8.2.1 Demand for Expanded Polystyrene to Increase for Vaccine Transportation 8.3 Extruded Polystyrene 8.3.1 Extruded Polystyrene Accounts for Third-Largest Share 8.4 Expanded Polypropylene 8.4.1 Expanded Polypropylene Widely Used in Food & Beverage Segment 8.5 Polyurethane Foam 8.5.1 Polyurethane Foam Accounts for Largest Market Share 8.5.2 Others
9 Cooler Box Market, by Type 9.1 Introduction 9.1.1 COVID-19 Impact on Type Segment 9.2 Reusable Cooler Boxes 9.2.1 Reusable Cooler Boxes Account for Largest Share in Market 9.3 Disposable Cooler Boxes 9.3.1 Demand for Disposable Cooler Boxes Driven by Affordability
10 Cooler Box Market, by End-Use Industry 10.1 Introduction 10.2 Pharmaceuticals 10.2.1 COVID-19 Vaccination Campaigns to Boost Market for Cooler Boxes 10.2.1.1 COVID-19 Impact on Pharmaceutical Industry 10.3 Food & Beverages 10.3.1 Food & Beverage Holds Second-Largest Share in Global Cooler Box Market 10.3.1.1 COVID-19 Impact on Food & Beverage Industry
11 Cooler Box Market, by Region 11.1 Introduction 11.2 Asia-Pacific 11.3 North America 11.4 Europe 11.5 Middle East & Africa 11.6 South America