Cooler Box Market - Key Players in the market are Sonoco ThermoSafe (US) and B Medical Systems (Luxembourg)

The cooler box market is projected to grow from USD 4.6 billion in 2020 to USD 8.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period. Growth in the pharmaceutical industry, ongoing COVID-19 vaccination drives, technological advancements in the cooler box industry for the transportation of processed and fresh fruits, vegetables, dairy products, and other perishable food products are contributing to the growth of the cooler box market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=214662409

Key players in the cooler box market include Sonoco ThermoSafe (US), B Medical Systems (Luxembourg), Blowkings (India), ISONOVA (Italy), Eurobox Logistics (Romania), Nilkamal Ltd. (India), AOV International LLP (India), Cool Ice Box Co Ltd (UK), Apex International (India), Softbox Systems Ltd. (UK), va-Q-tec AG (Germany), Coldchain Technologies, Inc. (US), Sofrigam Group (France), FEURER GmbH (Germany), ORCA Coolers (US), Cold Chain Controls (India), CIP Industries CC (South Africa), Igloo Coolers (US), Liderkit (Spain), YETI Coolers, LLC (US), Dhruvraj Syndicate (India), MB Plastic Industries (India), Rollawaycontainer (Italy), K2 coolers (US), Grizzly Coolers LLC (US), Koolatron (Canada), Coleman Company, Inc.(US),Cambro (US), Engel Coolers (US), Harwal Group of Companies (UAE), Polar Tech Industries Inc. (US), Embalex S.L.U., and AUCMA Company Limited (China) are some of the key players operating in the global cooler box market. Key market players have focused on acquisitions, partnerships, product launches, expansions and investment to cater to the demand for cooler boxes across various applications for various end-use industries.

In December 2020, B Medical Systems announced the establishment of a new manufacturing factory in Gujarat, India. This facility is projected to cater the increasing demand for medically certified vaccine cold chain products in India. This is expected to help the country reinforce the critical cold chain required to deliver COVID-19 vaccines.

In November 2020, Coldchain Technologies Inc. opened a new facility in Lebanon, Tennessee (US) to increase the production of reusable and single-use passive thermal boxes to meet the unprecedented demand for the delivery of the COVID-19 vaccine to the public.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=214662409

In October 2020, Va-Q-Tec AG expanded its TempChain service network in Scotland and the US. The expansion of the network is expected to further optimize the global availability of va-Q-tec’s container and box rental fleet.

Based on type, reusable cooler box segment is expected to grow at the highest CAGR during the forecast period.
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 expected to be the fastest-growing raw material segment of the cooler box market.
PU foam segment accounted for the larger share of the cooler box market in 2019. This raw material segment is expected to witness the fastest growth during the forecast period. 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.

Asia Pacific is expected to be the fastest-growing regional segment in the cooler box market.
The cooler box market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China, Japan, South Korea, and India are the key countries contributing to the high demand for cooler boxes in the Asia Pacific region. Availability of cheap labor and raw materials has resulted in making Asia Pacific a preferred region for manufacturing facilities of cooler boxes. This makes Asia Pacific the fastest-growing region of the cooler box market.

Get 10% Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=214662409

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.