As per the latest industry survey on the foam cooler boxes market conducted by Future Market Insights (FMI), the sales are estimated to total 7 million units in 2021. The market is expected to exhibit year-on-year growth of 4.7% in terms of volume in 2021.
FMI has predicted the global sales of foam cooler boxes to expand by 1.7 times of current sales and create an incremental opportunity of US$ 1.5 billion during 2021-2031.
2021-2031 Global Foam Cooler Box Market Demand Outlook More Promising than Sales Registered in 2021-2031
Leading manufacturers of cold chain packaging solutions have observed a rise in demand for refrigeration boxes. This shift in choice is buoyed by gradual transition of foods & beverages and other industries to cooler boxes made from foam. These novel solutions have found place in the packaging of fruits & vegetables, meat, seafood, and other perishable food items.
Against this backdrop, Future Market Insights has predicted the market to grow at 6,8% CAGR between 2021 and 2031 in comparison with 4,5% CAGR recorded during 2016-2020.
The most important reason behind manufacturers and supply chains partners switching to foam-made cool boxes over traditional steel boxes is the lightweight and durability features offered by former choice. Besides this, the ability of foam cooler boxes to preserve the quality of consumables stored in them has made them highly sought-after for food and beverages packaging.
Traditional boxes made from wood and steel were only available in few standard sizes, but foam cooler boxes are available in a wide array of sizes from small to large, to cater specific industrial requirements and ensure safe transportation of their goods.
Cost-effectiveness of foam cooler boxes offers cost benefits to end users. It has therefore emerged as a preferred packaging solutions used by them for day-to-day storage and transit of their produce.
Key Regions Covered
North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa
Key Countries Covered
U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Russia, GCC Countries, South Africa, China, Japan, India, Australia
Key Companies Profiled
- Yeti Coolers, LLC.
- Igloo Products Corporation
- The Coleman Company, Inc
- Sonoco ThermoSafe
- Cool Ice Box Co Ltd
- Coldchain Technologies, Inc
- Plastilite Corporation
- Pelican Products, Inc.
- MacNeill Pride Group (ORCA)
- Bison Coolers
- RTIC Outdoors LLC
- Koolatron US
- Aohong Industry Co., Ltd.
- Rodman Plastics Company Ltd.
- Carris Pipes & Tubes Pvt. Ltd.
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