The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The cooler box market has experienced rapid growth in recent years, with the market size expected to reach $7.29 billion in 2024, growing at a compound annual growth rate (CAGR) of 11.7%. This growth can be attributed to factors such as the boom in outdoor activities, increased usage in healthcare and pharmaceuticals, and the growth of outdoor events and festivals. Looking ahead, the market is projected to continue its rapid growth, reaching $11.64 billion by 2028, with a CAGR of 12.4%.

Government Initiatives Driving Agritourism Farms Propel Cooler Box Market Growth

Government initiatives towards agritourism farms are expected to drive the growth of the cooler box market. Agritourism involves visitors experiencing agricultural life at a working farm, ranch, or other agricultural business, and cooler boxes play a crucial role in storing and transporting perishable goods in these settings. For instance, in June 2022, the Irish Minister for Agriculture announced funding for local agro-food tourism projects, aiming to develop agritourism and rural areas. Such initiatives are driving the demand for cooler boxes in agricultural settings.

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Technological Advancements Pave the Way for Sustainable Cooling Solutions

Technological advancements are a key trend in the cooler box market, with major companies focusing on developing more eco-friendly solutions. For example, Igloo launched the ECOCOOL collection, the world’s first hard-sided cooler made with recycled plastic. This collection demonstrates a commitment to sustainability and innovation in cooler box design. Additionally, the Packable Puffer cooler bags are constructed from post-consumer recycled plastic bottles, providing a sustainable alternative for consumers.

Cold Chain Technologies Expands Its Sustainable Thermal Packaging Solutions

In a move to expand its sustainable thermal packaging solutions, Cold Chain Technologies acquired Packaging Technology Group, a provider of thermally engineered packaging solutions for the biotech, biopharmaceutical, and medical industries. This acquisition highlights the growing demand for sustainable packaging solutions in various industries, including healthcare and pharmaceuticals.

Market Segmentation and Regional Outlook

The cooler box market is segmented by type, product, cooling material, raw material, and end use. Types include reusable and disposable cooler boxes, while products include handle, wheeled, and handle and wheel variants. Cooling materials can be wet ice, dry ice, or gel packs, and raw materials include PU foam, expanded polystyrene, extruded polystyrene, and expanded polypropylene. The market serves various end uses, including pharmaceuticals and food and beverages. North America was the largest region in the cooler box market in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period.

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The Cooler Box Global Market Report 2024  provides an overview of the cooler box market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cooler box market forecast analyzes cooler box market size, cooler box market share, leading competitor and their market positions.

The Table Of Content For The Cooler Box Market Include:
1. Cooler Box Market Executive Summary
2. Cooler Box Market Segments
3. Cooler Box Market Size And Cooler Box Market Growth Rate
4. Key Cooler Box Market Trends
5. Major Cooler Box Market Drivers
……
25. Key Mergers And Acquisitions In The Cooler Box Market
26. Top Cooler Box Companies
27. Cooler Box Market Opportunities And Strategies
28. Cooler Box Market, Conclusions And Recommendations
29. Appendix

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