As cited by the research report titled ‘Global Cooler Box Market Size study, by Cooling Material (Dry Ice, Wet Ice, Gel Packs, Eutectic Plates, Liquid Nitrogen, Insulated blankets), By Raw Material (Expanded Polystyrene, Extruded Polystyrene, Expanded Polystyrene, Polyurethane Foam), By Type (Reusable cooler box, Disposable Cooler box), By End use (Pharmaceuticals, Food & Beverages) and Regional Forecasts 2020-2027’, available with Market Study Report, global cooler box market was worth USD 5.44 billion in 2019 and is projected to grow with a CAGR of 11.1% over 2020-2027 to account for USD 12.63 billion by the end of forecast period.
 

Increasing demand of packaged & ready-to-eat food, and emphasis on safe transport of pharmaceuticals products are spurring the growth of global cooler box market.
 

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Additionally, improving economy of emerging nation, coupled with flourishing food & beverage sectors will encourage the usage of cooler box, impelling the market share.
 

For the record, cooler box is a box extensively used for storage of food items, beverages, and pharmaceuticals for maintaining a desired temperature to prevent perishing and protect them from external hazard. 
 

However, intensifying environmental policies and stringent government regulations related to environmental sustainability getting compromised due to the use of plastic in manufacturing cooler boxes is a challenges for worldwide cooler box market.
 

Based on cooling material, global cooler box industry is segmented into wet ice, dry ice, gel packs, insulated blankets, liquid nitrogen, and eutectic plates. On the basis of raw material, the marketplace is divided into expanded polystyrene, extruded polystyrene, and polyurethane foam among others. According to type terrain, the industry is classified into disposable cooler box, and reusable cooler box. While, different end-use verticals are food & beverages, and pharmaceuticals.
 

Geographically, Asia Pacific is slated to be a major growth hub for global cooler box market over 2020-2027, owing to increasing population demanding packaged, ready-to-eat, or frozen food, along with setup of manufacturing units due to availability of cheap labor and raw materials in the region.
 

Key contenders in global cooler box market sphere include AOV International LLP, va Q tec AG, Softbox Systems, Cold Chain Technologies LLC, Eurobox Logistics SRL, Nilkamal Limited, Sonoco ThermoSafe, IsoNova Technologies LLC, B Medical Systems, and Blow Kings.