Increasing development of vaccines, lifesaving drugs, and other essential pharmaceutical ingredients improved the demand for temperature-controlled products for safe transportation. Hence, the outbreak of COVID-19 and need for safe packaging solution
As per Future Market Insights (FMI), sales of foam cooler boxes are set to expand by 1.9X between 2021 and 2031. Burgeoning demand for temperature-controlled packaging products is resulting in increased sales of foam cooler boxes. Following the outbreak of COVID-19, pharmaceutical supplies and food & beverages products witnessed skyrocketing demand. In response to this, the consumption of temperature controlled packaging products escalated during the FQ-20.
Increasing development of vaccines, lifesaving drugs, and other essential pharmaceutical ingredients improved the demand for temperature-controlled products for safe transportation. Hence, the outbreak of COVID-19 and need for safe packaging solutions have stimulated the demand for foam cooler boxes.
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Rising awareness regarding preservation of food items to increase their shelf lives and decrease the overall wastage is encouraging manufacturers to opt for foam cooler boxes. Improper storage and transportation facilities might results in damaged food products, causing losses in the food industry.
As consumers are demanding fresh food to be delivered to their doorsteps, leading food brands and suppliers are increasing the adoption of foam cooler boxes to offer a longer shelf life.
Foam cooler boxes will therefore remain highly sought-after for packaging in dairy products, frozen meat, seafood and other such items including fruits & vegetables.
Key Takeaways from Foam Cooler Box Market
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“Surging adoption of frozen food items and focus on development of pharmaceutical drugs are stimulating the demand for foam cooler boxes across the globe. Manufacturers are offering disposable and re-usable product options for foam cooler boxes, creating billion dollar sales opportunities in the market,” says FMI analyst.
Foam Cooler Box Market Landscape
Some of the key players operating in the global industrial packaging market are Yeti Coolers, LLC, Igloo Products Corporation, The Coleman Company, Inc, Sonoco ThermoSafe, Cool Ice Box Co Ltd, Coldchain Technologies, Inc, Plastilite Corporation, Pelican Products, Inc., MacNeill Pride Group (ORCA), Bison Coolers, RTIC Outdoors LLC, Koolatron US, Aohong Industry Co., Ltd., Rodman Plastics Company Ltd., and Carris Pipes & Tubes Pvt. Ltd.
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Foam Cooler Box Market by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 29, 2022