Foam Cooler Box Market is Estimated to Witness High Growth Owing to Opportunity to Replace Single-Use Plastic Coolers
Foam cooler boxes are portable insulated containers that help maintain the ideal temperature of food and beverages during transportation and storage. They provide effective insulation and portability for perishable items. The global Foam Cooler Box market is estimated to be valued at US$ 2.93 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Foam cooler boxes offer advantages over traditional ice-based coolers as they provide better temperature maintenance, are easier to carry, and do not leak water. Market key trends: The demand for foam cooler boxes is being driven by the rising focus toward sustainable packaging solutions. Foam cooler boxes do not require ice to keep contents cool and thus reduce energy usage and carbon emissions associated with ice production and transportation. They have highly efficient insulation properties and can maintain ice for up to 5 days ...