Europe Ice/Cooler Box Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.13 Billion |
| Market Size (2029) | USD 1.52 Billion |
| CAGR (2024 - 2029) | 6.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Ice/Cooler Box Market Analysis
The Europe Ice/Cooler Box Market size is estimated at USD 1.13 billion in 2024, and is expected to reach USD 1.52 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).
In recent years, the market has shown notable revenue growth, and a steady increase is anticipated for the forecast period. This expansion can be credited to the pharmaceutical industry's growth and noteworthy technological advancements in cooler boxes. Specifically, these advancements aim to enhance the transportation of packaged and dairy products, fresh fruits, vegetables, and other perishable food items throughout Europe.
The increasing demand for temperature control to mitigate food loss and associated health risks emerges as a primary driver fuelling the cooler box market's growth. Factors such as population growth, rapid urbanization, lifestyle changes, and ongoing research and development activities contribute positively to the market dynamics. Cooler boxes find extensive use in transporting a diverse range of products, encompassing processed and fresh fruits, vegetables, dairy items, and other perishable food products.
Moreover, the rising demand for insulated packaging, continuous technological innovations, and the expansion of the organized retail sector present lucrative opportunities for competitor. Recent market drivers and opportunities encompass advancements in sustainable packaging, enhanced cooling technologies, and the integration of smart features, shaping the landscape of the Europe Ice/Cooler Box Market.
Europe Ice/Cooler Box Market Trends
The Reusable Segment Dominated the Cooler Box Market
Consumers can choose between two cooler boxes on the market: reusable and disposable cooler boxes. Due to its capacity to maintain the needed chilling temperature and increased exterior quality, the reusable cooler box dominates the cooler box industry. Due to their ease of use and maintenance, reusable boxes triumph over disposable ones.
Rising pharmaceutical industry demand drives high market growth for reusable cooler boxes. Also, longevity enables end users to use the reusable box well. Furthermore, the growing popularity of outdoor parties, camping, and caravanning is propelling the reusable cooler box market forward. As the number of people choosing outdoor recreational activities grows, so does the demand for reusable cooler boxes to store food and beverages. Campers and vacationers prefer to bring their food, which must be stored at cool temperatures to avoid spoilage.
Rising Usage of Cooler Boxes in Pharmaceutical Industry is Driving the Market
Cooler boxes are essential for preserving the temperature integrity of pharmaceutical products, particularly vaccines, biologics, insulin, and other temperature-sensitive medications. Ensuring consistent temperature control is essential to safeguard the effectiveness, potency, and overall integrity of these pharmaceuticals. This requirement for temperature control spans the entire supply chain, from manufacturing facilities to distribution centers and ultimately to end-users. Regulatory bodies like the FDA in the US and the EMA in Europe have set rigorous protocols for handling and shipping pharmaceuticals. Cooler boxes assist pharmaceutical companies in complying with these regulations by enabling storage and transportation within specified temperature ranges, thereby maintaining both product quality and safety.
Europe continues to be the largest and most influential pharmaceutical market. Their companies remain global key players with the highest R&D investments. The first widely used COVID-19 vaccine came from a US-European collaboration between German firm BioNTech and American firm Pfizer.
The expanding pharmaceutical industry primarily drives European cooler box market expansion. Pharmaceutical items must consistently be kept at a low or freezing temperature because they are typically temperature-sensitive. Pharmaceutical products, including medications, pharmaceuticals, syringes, and others, must be transferred, shipped, or stored in a temperature-controlled environment inside an insulated or enclosed box, according to World Health Organization (WHO) requirements. All pharmaceutical producers, importers, and logistics and storage partners worldwide must abide by these requirements while working with this medication.
During the forecast period, it is anticipated that the demand for cooler boxes will increase due to the favorable transport and storage regulations implemented by international authorities. It is to promote the use of cooler boxes as a requirement for the transportation or shipment of temperature-sensitive goods. The region's cooler box market is expanding due to rising government and big company investments in research and development (R&D) in the pharmaceutical industry.
Europe Ice/Cooler Box Industry Overview
The European Ice/Cooler box market is fragmented due to many global and regional players like Azenta, Inc., Sonoco, CSafe Global, FEURER GmbH, Eurobox Logistics, and va-Q-tec AG, among others. Manufacturers are introducing new products in the market using new technologies. The companies use various marketing strategies to increase their market shares. Some of the market's leading players are heavily investing in research and development activities to improve their position in current technologies and processes to increase efficiency and lower costs.
Europe Ice/Cooler Box Market Leaders
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Azenta, Inc.
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Sonoco
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CSafe Global
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FEURER GmbH
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Eurobox Logistics
*Disclaimer: Major Players sorted in no particular order
Europe Ice/Cooler Box Market News
- In February 2024, Azenta, Inc. introduced BioArc Ultra, an innovative automated solution for high-density, environmentally responsible ultracold sample handling.
- In August 2023, Sonoco launched two new cold seal structures, EnviroFlex Paper Ultimate (ULT) 1.0 CS and Advanced (ADV) 4.0 CS.
Europe Ice/Cooler Box Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Value Chain Analysis
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4.5 Industry Attractiveness: Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights into Technological Advancements in the Industry
- 4.7 Insights on Various Regulatory Trends Shaping the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Reusable
- 5.1.2 Disposable
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5.2 By Raw Material
- 5.2.1 PU Foam
- 5.2.2 Expanded Polystyrene
- 5.2.3 Extruded Polystyrene
- 5.2.4 Expanded Polypropylene
- 5.2.5 Others
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5.3 By End User
- 5.3.1 Pharmaceuticals
- 5.3.2 Food & Beverages
- 5.3.3 Others
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5.4 By Country
- 5.4.1 Germany
- 5.4.2 France
- 5.4.3 Switzerland
- 5.4.4 Italy
- 5.4.5 Spain
- 5.4.6 United Kingdom
- 5.4.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Azenta, Inc.
- 6.2.2 Sonoco
- 6.2.3 CSafe Global
- 6.2.4 FEURER GmbH
- 6.2.5 Eurobox Logistics
- 6.2.6 va-Q-tec AG
- 6.2.7 Softbox Systems Ltd.
- 6.2.8 YETI COOLERS, LLC
- 6.2.9 ORCA
- 6.2.10 CIP Industries
- 6.2.11 Bison Coolers
- 6.2.12 Polar Bear Coolers*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Europe Ice/Cooler Box Industry Segmentation
A cooler box refers to one of the consumer storage goods for storing food & beverage products and pharmaceutical products. The report covers a complete background analysis of the Europe ice/cooler box market. It includes the assessment of the economy and the contribution of the economic sectors, market overview, market size estimation for key segments and emerging trends in the market segments, market dynamics, and insights.
Europe's ice/cooler box market is segmented by type, raw material, and country. By type, the market is sub-segmented into reusable and disposable. By raw material, the market is sub-segmented into PU foam, expanded polystyrene, extruded polystyrene, expanded polypropylene, and others. By end user, the market is sub-segmented into pharmaceuticals, food & beverages, and others. By country, the market is sub-segmented into Germany, France, Switzerland, the United Kingdom, Italy, Spain, and the rest of Europe. The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| By Type | Reusable |
| Disposable | |
| By Raw Material | PU Foam |
| Expanded Polystyrene | |
| Extruded Polystyrene | |
| Expanded Polypropylene | |
| Others | |
| By End User | Pharmaceuticals |
| Food & Beverages | |
| Others | |
| By Country | Germany |
| France | |
| Switzerland | |
| Italy | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Ice/Cooler Box Market Research Faqs
How big is the Europe Ice/Cooler Box Market?
The Europe Ice/Cooler Box Market size is expected to reach USD 1.13 billion in 2024 and grow at a CAGR of 6.12% to reach USD 1.52 billion by 2029.
What is the current Europe Ice/Cooler Box Market size?
In 2024, the Europe Ice/Cooler Box Market size is expected to reach USD 1.13 billion.
Who are the key players in Europe Ice/Cooler Box Market?
Azenta, Inc., Sonoco, CSafe Global, FEURER GmbH and Eurobox Logistics are the major companies operating in the Europe Ice/Cooler Box Market.
What years does this Europe Ice/Cooler Box Market cover, and what was the market size in 2023?
In 2023, the Europe Ice/Cooler Box Market size was estimated at USD 1.06 billion. The report covers the Europe Ice/Cooler Box Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Ice/Cooler Box Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Ice/Cooler Box Industry Report
Statistics for the 2024 Europe Ice/Cooler Box market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Ice/Cooler Box analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
