Cooler Box Market Industry Analysis 2022-28

The global cooler box market size was valued at USD 4,852.9 million in 2021 and is poised to grow at a significant CAGR of 10.3% during the forecast period 2022-28. The presence of strict temperature control requirements in the pharmaceutical business and the development of international food trade as a result of trade liberalization have a positive impact on the cooler box market. The use of these cooler boxes is limited by extreme cold or rainy days. In excessively cold temperatures, consumers prefer not to consume cold food or beverages. Furthermore, cooler boxes require ice cubes or ice packs to operate. The increasing awareness of environmental issues and proper disposal of waste also act as restraints for the growth of this market.