Foam Cooler Box Market

2021 Analysis and Review: Foam Cooler Box Market by End-Use Industry – Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, and Chemical for 2021 – 2031

Foam Cooler Box Market Snapshot

As per the latest industry survey on the foam cooler boxes market conducted by Future Market Insights (FMI), the sales are estimated to total 7 million units in 2021. The market is expected to exhibit year-on-year growth of 4.7% in terms of volume in 2021.

FMI has predicted the global sales of foam cooler boxes to expand by 1.7 times of current sales and create an incremental opportunity of US$ 1.5 billion during 2021-2031.

Key Points Covered in Foam Cooler Box Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Foam Cooler Box Market and How to Navigate
  • Recommendation on Key Winning Strategies 

2021-2031 Global Foam Cooler Box Market Demand Outlook More Promising than Sales Registered in 2021-2031

Leading manufacturers of cold chain packaging solutions have observed a rise in demand for refrigeration boxes. This shift in choice is buoyed by gradual transition of foods & beverages and other industries to cooler boxes made from foam. These novel solutions have found place in the packaging of fruits & vegetables, meat, seafood, and other perishable food items.

Against this backdrop, Future Market Insights has predicted the market to grow at 6.8% CAGR between 2021 and 2031 in comparison with 4.5% CAGR recorded during 2016-2020.

The most important reason behind manufacturers and supply chains partners switching to foam-made cool boxes over traditional steel boxes is the lightweight and durability features offered by former choice. Besides this, the ability of foam cooler boxes to preserve the quality of consumables stored in them has made them highly sought-after for food and beverages packaging.

Traditional boxes made from wood and steel were only available in few standard sizes, but foam cooler boxes are available in a wide array of sizes from small to large, to cater specific industrial requirements and ensure safe transportation of their goods.

Cost-effectiveness of foam cooler boxes offers cost benefits to end users. It has therefore emerged as a preferred packaging solutions used by them for day-to-day storage and transit of their produce.

How Will Safety Guidelines By International Organization Driving Sales of Foam Cooler Boxes?

Foam cooler boxes are primarily used in food and pharmaceutical packaging. Both industries are scrutinized by various international organizations to ascertain quality of product and protect wellbeing of consumers.

Research and development (R&D) for instance is a mainstay is the pharmaceutical sector. Drug manufacturers often invest in research initiatives to develop life-saving drugs, vaccines, generic medicines, and novel therapeutics. Pharmaceutical products are temperature-sensitive and require continuous freezing temperature till they are finally taken into use.

According to guidelines by WHO (World Health Organization), all time and temperature-sensitive pharmaceutical products should be shipped in temperature controlled environment inside an insulated closure, making it mandatory for all pharmaceutical manufacturers, importers and logistics & storage partners to comply with these laws while transiting of such type of drugs.

Favorable transportation and storage laws implemented by international authorities are encouraging the use of foam cooler boxes mandatory for transport of temperature-sensitive and related drugs will result in a boost in sales of foam cooler boxes across the globe.

What is Driving Market Players to Emerging Countries?

 Some of the leading players in the packaging industry are shifting their focus from developed markets to emerging regions, as growth offered by developed markets is stagnant. Contrary to this, developing are considered as high growth potential pockets.

Global giants engaged in producing foam cooler boxes are trying to penetrate larger untapped markets by offering products at lower prices besides a variety of foam cooler boxes in different colors and sizes.

Some of the key players are trying to monetize profitable opportunities by exporting their goods to the foreign markets, also by appointing distributors and wholesalers and trying to differentiate their foam cooler boxes in terms of quality, durability and warranty.

What Makes Rental Cooler Box Services & Supply Agreements Key Trend in Foam Cooler Box Market?

Small and medium-sized companies are looking for logistics service provider offering storage, shipping and last-mile delivery of their products with cost-effective prices. End-users are ready to pay rent convenience charges to supply chain partners and service providers to save the cost of foam cooler boxes.

 Key manufacturers are collaborating with shipping & logistics companies to provide rental services to the end-user industries. These rental services of foam cooler boxes are generating additional revenues for the logistics partner and manufacturers, along with circulation of their foam cooler boxes in the market.

Thus, service providers and rental service providers are gaining market acceptance within the global foam cooler box market to transport pharmaceuticals, food & beverages and a variety of other temperature-controlled goods across the regions. 

How Covid-19 Impacted Global Foam Cooler Box Market?

 The outbreak of the COVID-19 has increased the sales prospects for foam cooler boxes as demand for temperature controlled packaging products surged within pharmaceutical and food & beverage industries.

Following the outbreak, production and supply chains related only to pharmaceutical goods and food & beverage products were allowed to function. This led to burgeoning demand for temperature-controlled packaging products to facilitate ideal transport of vaccine and various lifesaving across the globe.

Hence, sales of foam cooler boxes gained traction during the FQ-20. As per Future Market Insights, the increased market popularity of foam cooler boxes indicates positive growth outlook for foam cooler boxes during the forecast period.

Country-wise Insights

Will the U.S. Lead the Global Foam Cooler Box Market?

As per the U.S. Department of Health and Human Services for packaging and transportation of COVID-19 vaccine, a hard side insulated container which can maintain the required temperature for vaccine storage must be used for distribution and transport of vaccines.

These guidelines have propelled the sales of foam cooler boxes across the U.S. and pharmaceutical manufacturers in the country are required to comply with safety & transportation laws enforced by the federal government.

Additionally, presence of the world’s largest pharmaceutical companies and government initiatives supporting export and import of vaccines and pharmaceutical supplies globally will drive the sales of foam cooler boxes in the country. As per FMI, the U.S. foam cooler market is set to surge at 4.8%CAGR during the assessment period.

What is Driving Sales of Foam Cooler Box in The U.K.?

Sales of foam cooler boxes in the U.K. are set create total incremental opportunity of nearly US$ 34.6 Mn. Fast-paced expansion of food & beverages industry and surging consumption of packaged frozen products have compelled the packaging manufacturers to opt for foam cooler boxes.

Also, adoption of perishable goods and need to provide temperature controlled packaging for storage and transit of certain products will drive sales in the market.

How will Strict Packaging Regulations Affect the Growth in Germany?

According to the European Commission, as a part of validated temperature-controlled systems, proper transport conditions are maintained between manufacturer and customer for medicinal drugs and temperature-sensitive goods to eliminate the risk of wastage.

The ease in restrictions provided for smooth distribution of vaccines and other medical supplies by the government is expected to make Germany the largest market for foam cooler boxes. As per FMI, Germany will account for 15.3% sales in 2021 for the Europe foam cooler box market.

High presence of key players and ongoing development activities for innovative foam cooler boxes products will aid the market growth. Besides this, surging need among industrial as well as household customers for temperature-controlled products will boost the sales.

Will India Record its Fastest Growth in Foam Cooler Box Market?

According to the Ministry of Health & Family Welfare, the storage and transportation of any type of pharmaceutical drugs & vaccines must take place in environmentally controlled packaging if described on the packaging information of the particular product.

Establishment of the National Centre for Cold Chain Development by the Government of India to provide financial assistance to domestic institutions and entrepreneurs for setting up cold chain packaging mechanisms in the country to reduce food wastage in the country is also supporting the market growth.

Favorable government schemes and expansion of cold chain packaging industry and related sectors in the country are anticipated to make India one of the fastest-growing markets for foam cooler boxes over the forecast period. As per the study, India will contribute over 37.4% of sales in South Asia’s foam cooler box market through 2031.

Why is China Considered a Lucrative Market for Foam Cooler Boxes in East Asia?

China is projected to account for 47.3% of total sales of foam cooler boxes in East Asia, emerging as the largest producer as well as consumer of foam cooler boxes in the region. The market in China is expected to reach the valuation of US$ 149 Mn over the forecast period. 

Easy availability of necessary raw materials required for manufacturing foam cooler boxes and cheap labor is creating growth opportunities for key players. Technological advancements in the packaging industry and expansion of production capacities are expected to make China an undisputed regional market leader.

Category-wise Insights

Why are Foam Cooler Boxes of Capacity Above 1500 Quart Most Preferred?

In terms of capacity, foam cooler boxes having a capacity of above 150 Quart are the most preferred temperature-controlled packaging product by industrial and institutional end-users.

Growth in the segment is due to cost benefits achieved on transportation and storage by using large size foam cooler boxes. Also, key players in the pharmaceutical and food & beverages industries are likelier to choose large temperature-controlled containers instead of small and medium-sized ones. Hence, 42 out of every 100 foam cooler boxes sold across the globe has a capacity of above 150 Quarts.

As per FMI, above 150 Quarts capacity segment of the foam cooler box market is anticipated to offer a total incremental opportunity of US$ 812 Mn over the forecast period.

Which is the Preferred Material Type for Foam Cooler Box?

In 2021, polyurethane segment is projected to hold 50% market share in the global foam cooler box market. Sales of foam cooler boxes made from polyurethane material are anticipated to grow by 2X between 2021 and 2031.

As polyurethane material is recyclable and is clinically tested and declared safe having no harmful contaminations, end-users prefer polyurethane material for the storage of food & beverages products. Besides this, the market is expected to register demand for polypropylene bas a key material used in foam cooler boxes production.

Which Carrying Method is Highly Sought-After?

Based on carrying method, side handles segment is anticipated to dominate the market during the assessment period. The side handles segment is expected to hold 42.9% market share in 2021.

End-use industries such as food & beverages, pharmaceuticals and household end users find it more convenient for carrying foam cooler boxes.  Manufacturers producing foam cooler boxes with side handles do not need to incur extra costs in adding wheels or straps to the container, hence cost-effectiveness is a major factor driving the segment growth.

Increasing profitability and high demand in various industries are encouraging manufacturers to produce more foam cooler boxes installed with side handles.

Will Pharmaceutical Industry Remain the Key End User of Foam Cooler Boxes?

Continuous development of lifesaving drugs, generic drugs, vaccines and other essential supplies within pharmaceutical sector requires temperature-controlled product for safe transit. Hence, pharmaceutical companies prefer foam cooler boxes for proper transportation of vaccines and drugs. 

To cater the advanced packaging needs of the pharmaceutical industry, manufacturers are introducing disposable type and re-usable foam cooler boxes to offer maximum protection to high value and essential medicinal drugs across the globe.

These strict international trade regulations and increased adoption of foam cooler boxes are expected to bolster the segment growth. As per FMI, pharmaceutical industry will account for 40% of global sales of foam cooler boxes in 2021.

Competitive Landscape

Key players operating in global foam cooler box market are collaborating with end users to cater their advanced temperature controlled packaging needs and generating additional revenue through renting and leasing of foam cooler boxes.

  • In May 2021, Sonoco ThermoSafe and Cathay Pacific Cargo announced expansion of partnership to include leasing of Pegasus ULD® containers.
  • In May 2021, Cold Chain Technologies collaborated with ASHP Foundation as a Gold Corporate Partner for providing medication safety solutions to for optimal safety of medical drugs & supplies.

Scope of Report



Forecast Period


Historical Data Available for


Market Analysis

USD Million for Value, 000’ Units for Volume

Key Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Germany, Italy, France, U.K., Russia, GCC Countries, South Africa, China, Japan, India, Australia

Key Segments Covered

Capacity, Carrying Method, Material Type, End Use Industry and Region

Key Companies Profiled

  • Yeti Coolers, LLC.
  • Igloo Products Corporation
  • The Coleman Company, Inc
  • Sonoco ThermoSafe
  • Cool Ice Box Co Ltd
  • Coldchain Technologies, Inc
  • Plastilite Corporation
  • Pelican Products, Inc.
  • MacNeill Pride Group (ORCA)
  • Bison Coolers
  • RTIC Outdoors LLC
  • Koolatron US
  • Aohong Industry Co., Ltd.
  • Rodman Plastics Company Ltd.
  • Carris Pipes & Tubes Pvt. Ltd.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • How much is the global foam cooler box market worth?

    The global foam cooler box market is valued at US$ 1.5 billion in the year 2021.

  • At what rate did the foam cooler box market registered growth in the past 4 years?

    The global foam cooler box market registered growth at 4.5% CAGR between 2016 and 2020.

  • What is the demand outlook for the foam cooler boxes between 2021 and 2031? 

    The global demand for foam cooler boxes is estimated to register positive growth of 6.8% CAGR between 2021 and 2031, driven by increasing sales during the outbreak of the global pandemic in 2021.

  • What are major trends dominating the global foam cooler box market? 

    Key global players are focusing on manufacturing foam cooler boxes out of space-saving sustainable raw materials. Besides this, rental services of cooler boxes are trending in the global foam cooler box market.

  • What factors are driving sales of the foam cooler boxes across the globe?

    The rapid rise in demand for temperature controlled packaging products for pharmaceutical supplies is creating opportunities for growth. In the food industry, players are adapting cold chain packaging to increase shelf lives of their products, which is resulting in rise in sales of the foam cooler boxes.

  • What is North America’s contribution towards global foam cooler box market? 

    North America is the largest market for foam cooler boxes. It is expected to account for 28.3% of sales in 2021.

  • What is the market share of top 5 foam cooler box producers?

    The top five players in the foam cooler box market are Yeti Coolers, LLC, Igloo Products Corporation, The Coleman Company, Inc, Sonoco Thermosafe and Pelican Products, Inc. These players are estimated to hold approximately 25%-30% of the global foam cooler box market.

  • At what rate will the foam cooler box market grow in Europe? 

    According to the FMI analysis, the foam cooler box market in Europe is anticipated to record growth at 4.8% CAGR between 2021 and 2031.

  • Which are the 5 major countries accounting for maximum demand for foam cooler boxes?

    The U.S., Canada, China, India and Japan are the largest markets for foam cooler boxes, registering consistently high demand. 

  • At what rate will foam cooler box sales increase in East Asia?

    As per the latest study conducted by FMI, the foam cooler box market in East Asia is projected to grow at 8.8% CAGR between 2021 and 2031.

Foam Cooler Box Market by Category

By Capacity:

  • Up to 25 Quart
  • 26-75 Quart
  • 76-150 Quart
  • Above 150 Quart

By Carrying Method:

  • Side Handles
  • Lid Handles
  • Shoulder Strap
  • Wheel

By Material type:

  • Expanded Polystyrene
  • Expanded Polypropylene
  • Polyurethane
  • Closed-cell Polyethylene

By End Use Industry:

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Chemical
  • Others

By Region: 

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

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Foam Cooler Box Market