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Cooler Box Market Analysis 2023-2032 Product Valuation, Opportunity Assessment, Future Outlook And Major Players | Sonoco ThermoSafe, B Medical Systems, Blowkings, Nilkamal Limited, IsoNova Technologies LLC
Cooler Box Market
The Business Research Company's Template Global Market Report 2023 identifies The growth in the pharmaceutical industry as the major driver for the Cooler Box Market's growth in the forecast period. The pharmaceutical industry includes businesses that produce preparations used to prevent and cure diseases. The pharmaceutical industry uses various products like test samples for medicines, blood samples, blood packets, ampules, and vaccines, which stay safe and stable under colder temperatures. Cooler boxes keep their inside environment colder and unaffected by outside temperature, which helps in the safe transportation of pharmaceutical products.
The global cooler box market size is expected to grow from $5.83 billion in 2022 to $6.51 billion in 2023, at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cooler box market is expected to grow to $10.09 billion in 2027 at a CAGR of 11.6%.
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Major competitors in the cooler box market are Sonoco ThermoSafe, B Medical Systems, Blowkings, Nilkamal Limited, IsoNova Technologies LLC, Eurobox Logistics, Softbox Systems, Sofrigam, CIP Industries, Coldchain Controls, Apex International, The Cool Ice Box Company Ltd., ORCA Coolers, Wild Coolers, Liderkit, and K2 Coolers.
A key trend in the Cooler Box Market includes technological advancements. Major companies operating in the cooler box market are indulging in the technological advancement of their product offerings for a better user experience and to provide more eco-friendly solutions. Such advancements enable key players to gain a competitive edge in the market. For instance, in April 2021, Igloo, a Texas-based international designer, manufacturer, and marketer of coolers, launched the ECOCOOL collection and the Packable Puffer cooler bags. ECOCOOL is the world's first hard-sided cooler made with recycled plastic. The Packable Puffer cooler bags are constructed from post-consumer recycled plastic bottles with PrimaLoft insulation and REPREVE fabric.
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The Cooler Box Market is segmented -
By Type: Reusable, Disposable
By Product: Handle, Wheeled, Handle, and Wheel
By Cooling Material: Wet Ice, Dry Ice, Gel Packs
By Raw Material: PU Foam, Expanded Polystyrene, Extruded Polystyrene, Expanded Polypropylene
By End Use: Pharmaceuticals, Food, and Beverages
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cooler Box Market.
The Business Research Company's "Global Cooler Box Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cooler Box Market Include:
1. Executive Summary
2. Cooler Box Market Characteristics
3. Cooler Box Market Trends And Strategies
4. Cooler Box Market - Macro Economic Scenario
5. Cooler Box Market Size And Growth
……
26. Africa Cooler Box Market
27. Cooler Box Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cooler Box Market
29. Cooler Box Market Future Outlook and Potential Analysis
30. Appendix
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