The cooler box market is anticipated to gain extensive growth opportunities on the back of the rising demand for storage of pharmaceutical products and food products. The insulation properties offered by cooler boxes will bring tremendous growth opportunities for the cooler box market.
A cooler box is a specially formulated box that helps in maintaining a low temperature for products that can perish if kept at high temperatures. The boxes are designed with specific materials to keep the insulation intact. All these benefits and factors make them a popular pick among individuals for many uses.
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The utilization of cooler boxes in a wide range of applications such as hunting, picnic, sports, fishing, camping, and others will bring immense growth prospects for the cooler box market. The boxes are available in a variety of sizes such as <10 L, 10 L-40 L, 40 L-80 L, and >80 L. On the basis of material, the cooler box market can be segmented into hard-bodied cooler boxes and soft-sided cooler boxes.
COVID-19 Vaccine Storage to Propel the Growth of the Cooler Box Market
Many COVID-19 vaccines have been given emergency authorizations and mass vaccination drives have commenced across numerous countries. Vaccines require low temperature for storage and hence, cooler boxes play a vital role in the storage of vaccines. As the production and demand for vaccines grow extensively, the demand for cooler boxes will also grow at a rapid rate. All these factors bode well for the growth of the cooler box market.
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Cooler Box Market: Key Players
Some well-established players in the cooler box market are:
- Coldchain Controls, Apex International
- YETI COOLERS, LLC
- Eurobox Logistics
- B Medical Systems
- Igloo, CIP Industries
- Sonoco ThermoSafe
- MB Plastic Industries
- Softbox Systems Ltd.
- Coldchain Technologies, Inc.,
- Sofigram Group
- Va-Q-tec AG