A cooler box is a smaller non-mechanical box that is usually used as a storage compartment for food and beverages. The ice packs or ice blocks placed within the box enable the box to keep the substance cool. Ice packs are preferred over ice solid shapes as they tend to remain cool longer than plain ice. Some ice packs contain a gel that facilitates it to engross the warmth as it changes its stage.
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The growing requirement to prevent loss of food and maintain its quality by controlling the temperature is among the key factors that are contributing to the development of the global cooler box market. Additionally, the rapidly flourishing industries such as chemicals, food and beverage, and packaging are fostering the further advancement of the global market.
Some of the key insights about the global cooler box market are given below:
- The global cooler box market has five key regions viz. Europe, Latin America, North America, Middle East and Africa, and Asia Pacific provide us with a better understanding of its working dynamics. Currently, the Asia Pacific market is expected to progress at a remarkable pace owing to solid monetary advancement in China and India, which is boosting the development of medical services, food and refreshments, synthetics business, etc. in the region.
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- The leading players in the global market for cooler boxes are engaging in product development and quality control to boost the revenues of the market in the coming years of the forecast period. Several companies are also focusing on joint ventures, mergers and acquisitions, and other collaborations to strengthen their position in the market. Some of the leading brands in the global market include names such as Softbox Systems Ltd., Sofigram Group, Va-Q-tec AG, FEURER GmbH, and Coldchain Technologies. Inc. among others.