The global demand for Foam Cooler Box Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Foam cooler boxes are used to store and transport perishable and frozen products. These boxes are also known as polystyrene or expanded polystyrene (EPS) coolers. Styrofoam is the primary material for making portable refrigerators due to its low cost. Affordable price, availability and disposable ability are three crucial factors for consumers when choosing a foam cooler box. Another reason to use a foam cooler box is that it is available in large sizes with less weight. Therefore, foam coolers are suitable for one-off applications compared to insulated hard or soft coolers. Foam coolers come in various shapes and sizes that are not typically found in traditional plastic or metal coolers. It is best to store seafood in a refrigerator in a foam cooler box.
Market Dynamics
The need for refrigeration boxes has increased, according to leading makers of cold chain packaging solutions. The gradual transition of foods and beverages and other businesses to foam cooler boxes has aided this shift in preference. These innovative packaging techniques have benefited from fruits and vegetables, meat, seafood, and other perishable foods. The lightweight and durability attributes offered by foam cooler boxes are the most fundamental reasons manufacturers and supply chain partners choose foam-made cool boxes over standard steel boxes. Additionally, foam cooler boxes' capacity to protect the quality of consumables housed in them has made them a popular choice for food and beverage packing. End-users benefit from the cost-effectiveness of foam cooler boxes. The factors mentioned above will likely boost the market growth. Furthermore, pharmaceutical packing also uses foam cooler boxes. International authorities' favourable transportation and storage legislation encourages the use of foam cooler boxes, which are required to transfer temperature-sensitive and associated medications, increasing foam cooler box sales worldwide. However, due to its low density, the foam cooler box has a higher probability of heat transmission than metal or plastic coolers. This demerit of foam cooler boxes might hinder the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of foam cooler box. The growth and trends of Foam Cooler Box Industry provide a holistic approach to this study.
Market Segmentation
This section of the foam cooler box market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Capacity
- Below 10 Quart
- 11-25 Quart
- 26-50 Quart
- Above 50 Quart
By End-Use Industry
- Food Industry
- Beverages Industry
- Logistics & Transportation Industry
- Pharmaceutical Industry
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Foam Cooler Box market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Foam Cooler Box Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the foam cooler box market include ACH Foam Technologies, Air Sea Containers, Inc., Brown Packaging, Harbor Foam Inc., Lifoam Industries LLC, Magna Manufacturing, Inc., Peek Packaging, Plastilite Corporation, Premier Plastics Inc., RADVA Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.