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 Soft Cooler Box Market: Introduction

  • A soft cooler box is a compact portable bag in which food and drinks can be stored. Ice packs or ice cubes are commonly placed in the box to keep the contents cool. Cooler boxes are highly portable, and often used during outdoor recreational activities such as trekking, camping, fishing, and picnics. Soft cooler boxes are commonly made from plastic and available in several sizes; these boxes are specially designed to keep food and beverages cold while travelling from one place to another.

Key Drivers of the Global Soft Cooler Box Market

  • Rising population and increasing purchasing power of people influences consumer spending on outdoor apparel and equipment that propels the global growth of the soft cooler box market. Cooling capacity, storing capacity, and cost efficiency are some of the features or advantages of a soft cooler box, which helps to push their demand globally. Growing adoption of soft cooler boxes among the younger generation as they are more inclined toward outdoor activities and cooler boxes helping to enhance their outdoor experience is expected to push the growth of the market constantly in the near future.
  • Some of the factors such as carrying processed and fresh fruits, dairy products, vegetables, and other perishable food products during outdoor activities, growing population, and rapid growth in urbanization, changing lifestyle, and product development are positively boosting the growth of the soft cooler box market. In addition, technological advancements can offer profitable opportunities to the market during the estimated years.

Factor Restraining the Global Soft Cooler Box Market

  • Increasing awareness of environmental issues and the importance of proper disposal of waste or recycling of the products can act as a restraining factor for the growth of the soft cooler box market.

Market in Asia Pacific to Expand Rapidly

  • In terms of region, the global soft cooler box market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the soft cooler box market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the soft cooler box market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America soft cooler box market is segmented into Brazil, and Rest of South America.
  • North America accounted for largest share of the global soft cooler box market due to the rising interest in leisure activities in the region. Companies in this region continuously working on integrating cooler boxes with smart technologies is a major factor driving the growth of the soft cooler box market in North America. 
  • The soft cooler box market in Asia Pacific is projected to expand rapidly during the forecast period due to the rising per capita household income in developing economies. Rising awareness regarding the usage of portable cooler boxes while traveling and increasing consumer spending on outdoor equipment and apparel are factors expected to fuel the growth of the soft cooler box market in the region.

Key Players Operating in the Global Market

Companies in the soft cooler box market are focusing on development of innovative soft coolers with aesthetic features such as effective cooling systems, which will help in enhancing their competitive advantage and subsequently increase their market share. Several companies are investing in R&D to enhance their product portfolio with innovative products which will help them to improve their profitability.

A few of the key players operating in the global soft cooler box market are:

  • Apex International
  • Blowkings India
  • CIP Industries
  • Cool Ice Box Company
  • Engel Coolers
  • Igloo
  • Nilkamal Material Handling
  • ORCA - A MacNeill Pride Group Company
  • Sofrigam
  • Sonoco ThermoSafe
  • YETI Coolers, LLC

Global Soft Cooler Box Market: Research Scope

Global Soft Cooler Box Market, by Capacity

  • Up to 20 Quart
  • 21–50 Quart
  • 51–100 Quart
  • More than 100 Quart

Global Soft Cooler Box Market, by Cooling Capacity

  • Up to 10 hours
  • 10 hours – 1 day
  • 1 day – 3 days
  • 3 – 6 days
  • Above 6 days

Global Soft Cooler Box Market, by Application

  • Residential
  • Commercial

Global Soft Cooler Box Market, by Distribution Channel

  • Online
    • E-commerce Portal
    • Company Owned Portal
  • Offline
    • Hypermarket/Supermarkets
    • Specialty Stores
    • Others (Departmental Store, Flagship Stores, etc.)

Global Soft Cooler Box Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global soft cooler box market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Soft Cooler Box Market