Insulated Coolers Market is projected to reach USD 1,094 Million by 2029 – Comprehensive Research Report by FMI
Insulated Coolers Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, Jan. 31, 2022 (GLOBE NEWSWIRE) — The insulated coolers market is stated at USD 699 Mn in 2022 and is projected to reach USD 1,094 Mn by 2029, at a CAGR of 6.6% from 2022 to 2029. The global insulated coolers market constitutes around 3.5% of the Cold Chain Packaging market worth US$ 22 Bn in 2022.
Accounting for nearly 80% of total sales of insulated coolers, developed regional markets continue to lead their way in the global Insulated Coolers Market. North America will particularly remain the key consumer market, as the U.S. has been witnessing a rapid surge outdoor recreational and sports activities over the recent past. Sales of insulated coolers, popularly known as camping coolers, will surpass the value of US$ 580 Mn in 2022 and would be witnessing a robust hike in demand through 2029.
| Market Size 2022 | US$ 699 Mn | |
| Market Size 2029 | US$ 1,094 Mn | |
| Value CAGR (2022-2029) | 6.6% | |
| Collective Value Share: Top 3 Manufacturing Companies (2022E) | 35% | |
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Increasing proclivity for luxury products continues to translate into inflating sales within the premium category, which would be a continuing trend in insulated coolers market. However, a new Future Market Insights (FMI) study suggests that this would reflect a measurable cost difference shaping the market over the following players.
Key Takeaways – Insulated Coolers Market Study
- Increasing preference for outdoor and sports activities such as camping, fishing, and hiking are expected boost demand for insulated coolers in the U.S.
- Hard coolers remain the most preferred insulated coolers, attributable to better durability and high ice retention ability as compared to soft coolers.
- Globally, 26-75 quart insulated coolers are estimated to be high selling among all insulated coolers in terms of capacity in 2019. Customers opt for 26-75 quart insulated coolers, as result of easy outdoor handling and conveying and adequate storage capacity.
Acquisitions to Remain Key Developmental Strategy
The insulated coolers market is undergoing product development and expansion. Key players aim to introduce new designs of insulated coolers in the market in response to changing consumer preferences. Additionally, big companies offering insulated coolers are focusing on opening retail stores to expand their customer base.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2014-2021 |
| Historical Data Available for | 2022-2029 |
| Market Analysis | US$ Million for Value and ‘000 Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia, and Oceania |
| Key Countries Covered | The U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Turkey, South Africa, GCC Countries, Japan, South Korea, India, China, and Australia |
| Key Segments Covered | Capacity, Product Type, Carrying Capacity and Region |
| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
US Brands Become Trendsetters, with Online Sales Strategy
The U.S., home of high-end insulated cooler manufacturers, is estimated to dominate in terms of demand. Moreover, U.S.-based manufacturers will be the trend setters with regard to insulated cooler design. Leading companies in the insulated coolers market are investing in online stores and supply chain development, and are leveraging E-commerce and social media to shape buying patterns of their potential customers.
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About Insulated Coolers Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global insulated coolers market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029. The study unravels growth projections of the insulated coolers market on the basis of capacity (below 25 quart, 26-75 quart, 76-150 quart and, above 150 quart), product type (hard coolers and soft coolers), and carrying method (side handles, lid handle, shoulder strap, wheel) across seven major regions.
Explore FMI’s Extensive ongoing Coverage on Packaging Domain
Recyclable Thermal Insulation Packs Market – According to latest research, the global market of Recyclable Thermal Insulation Packs is anticipated to grow with a CAGR of 6% in between the assessment period of 2021-2031.
Insulated Tumblers Market – Newly released data from insulated tumblers market analysis shows that global demand of the overall insulated tumblers market is forecasted to expand at a value compound annual growth rate (CAGR) of ~5.5% from 2021-2031 and reach millions of units by 2031.
Thermal Insulated Mailers Market – The global thermal insulated mailers market is expected to increase at a growth rate of around 4% during the forecast period
Insulated Food Containers Market – Factors like fueled demand for durable products to maintain the quality of food for a longer period and the growth in the labor strength involved in the construction sector are likely to boost the sales of insulated food containers. As a result, the insulated food containers market is set to witness steady growth during 2021-2031, with a CAGR of around 5.5%.
Insulated Styrofoam Shipping Boxes Market – the insulated styrofoam shipping boxes market is set to witness steady growth during 2021-2031, with a CAGR of around 9%.
Insulated Corrugated Boxes Market – The insulated corrugated boxes market is set to witness a CAGR of 4.3% during 2021-2031. The surge in demand for lightweight and convenient packaging solutions in a variety of industries, as well as the rising e-commerce and offline retail sectors, can be attributed to the market increase.
Insulated Envelops Market – The growth of the insulated envelops market is completely dependent on its ability to meet numerous demand of the logistic industry. Insulated Envelops market is set to witness a CAGR of 11.1%- 12.9% during 2021-2031.
Insulated Paper Bags Market – The insulated bags market is growing on the account of wide range of applications in food delivery, food preservation, medicated products, and biomedical materials such as cells, blood, organs in order to protect from heat, light, moisture, shock, and bacterial growth outlook in the long-run.
Insulated Drum Covers Market – Demand for insulated drum covers market will witness steady recovery in short-term, with an optimistic growth outlook in the long-run. The need to maintain proper care and quality of products shipped internationally is expected to drive the market.
Insulated Bags Market – Insulated Bags Market is set to witness steady growth during 2021-2031. Demand for insulated bags will witness steady recovery in short-term, with an optimistic growth.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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