Insulated Cooler Market Projected to be Resilient During 2031

The Insulated Cooler market is categorized in terms of capacity, product type, carrying method, material type, and regions. In terms of capacity, the market is segmented into below 25 quart, 26-75 quart, 76-150 quart, and above 150 quart. With respect to product type, the market is bifurcated into soft coolers, and hard coolers. Based on carrying method, the market is divided into wheels, shoulder strap, lid handle, and side handles. The material type segment is grouped into rubber, fabrics, metal, plastic, and others.

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An insulated cooler is a handheld container with a layer of insulation to maintain the temperature of cold food. It has a layer of non - conducting material that prevents heat from transferring from the outside to the inside. Insulated coolers are mobile containers with insulating layers on their interior surfaces that prevent heat transfer. These are known to keep the contents of the insulated cooler cool. To improve the cooling capacity of sealed coolers, certain coolers have been built with ice packs. A cooler bag for the freezer may be designed to ensure that the cooler can be managed to a lower temperature before the food is loaded inside. The increasing rate of outdoor activities and sports tournaments augments the demand for insulated coolers, thereby promoting the sales growth of the global insulated cooler market in the forecast period, set between 2021 and 2031.

The report on Insulated Cooler market provides a descriptive overview of the market and its drivers, restraints, challenges, and future growth opportunities. The impact of the novel COVID19 pandemic is also discussed in the report. List of the players operating in this market and their efforts in the form of innovations and new product launches is also discussed in details. It also throws light on the innovations that helped the market grow in terms of revenue generation. For more information on this report, log on to the company website.

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Competitive Landscape:

The nature of competition for the global market is significantly competitive on account of the presence of a notable number of players. Leading players of the Insulated Cooler market are using multiple strategies such as introducing innovative products to attract more revenues to the market. Other players are engaging in joint ventures and collaborative efforts to create revenue generation opportunities for the Insulated Cooler market in the coming years.

Some of the key players of the global Insulated Cooler market include:

The Coleman Company Inc.
Outdoor Recreation Company of America (ORCA) Coolers
K2 Coolers
Thermos LLC
Igloo Products Corp.
Yeti Coolers LLC
Pelican Products Inc.
Stanley a brand of PMI
Bison Coolers
AO Coolers
Igloo Products Corp.
Yeti Coolers LLC
Others
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Innovations:

April 2019 - A new biodegradable cooler manufactured of molded pulp was launched by Igloo for reducing the use of Styrofoam in coolers.
August 2019 - The new Hopper M30, also known as the soft cooler was launched by Yeti with a magnetized closure called Hydro Shield which is also leak-resistant.
Growth Drivers:

Rising consumer spending and a greater emphasis on comfort at the time of outdoor and camping activities will augment the sales projections of the insulated cooler market. The expansion of the insulated cooler market is attributed to rising beverage consumption during outdoor activities. On account of the rise in stringent regulations on intolerance for plastic use and growing demand for low-cost offerings, there is more demand for biodegradable insulated coolers, ultimately creating lucrative growth opportunities for this market in the near future.

Geographical Insights:

Geographically, this market is widespread into the regions of Latin America, Europe, North America, and the Middle East and Africa. These regions are further categorized as per the nations bringing business. North America emerged as the largest revenue generator for the Insulated Cooler market with high rate of camping and outdoor activities. Additionally, Europe market also generates handsome revenues and is likely to continue so with major revenues from the United Kingdom, France, and Germany.

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