Ice Box Market Report: Trends, Forecast and Competitive Analysis to 2030

Ice Box Trends and Forecast

The future of the global ice box market looks promising with opportunities in the pharmaceutical and food & beverage markets. The global ice box market is expected to reach an estimated $900.6 million by 2030 with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are increasing need for temperature control in order to reduce food loss and associated health hazards, rise in population and rapid urbanization, as well as, growth in the pharmaceutical industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Ice Box by Segment

The study includes a forecast for the global ice box by type, raw material, end use, and region.

Ice Box Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Reusable
• Disposable

Ice Box Market by Raw Material [Shipment Analysis by Value from 2018 to 2030]:

• PU Foam
• Expanded Polystyrene
• Extruded Polystyrene
• Expanded Polypropylene
• Others

Ice Box Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceuticals
• Food & Beverages
• Others

Ice Box Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ice Box Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ice box companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ice box companies profiled in this report include-

• Blowkings
• Cold chain Technologies
• Sonoco
• CSafe
• Azenta
• Bison Coolers
• Sofrigam
• VA-Q-tec
• Cool Ice Box
• Wild Coolers

Ice Box Market Insights

Lucintel forecasts that reusable is expected to witness the higher growth over the forecast period because it is more robust and less costly than throwaway cooler boxes, and it is mostly utilized in the pharmaceutical sector, where it's crucial for products to be comfortable at all temperatures.

APAC is expected to witness highest growth over the forecast period due to rise in demand for cold storage and shipping in nations like China and India.

Features of the Global Ice Box Market

Market Size Estimates: Ice box market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ice box market size by type, raw material, end use, and region in terms of value ($M).

Regional Analysis: Ice box market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, raw material, end use, and regions for the ice box market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ice box market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the ice box market size?

Answer: The global ice box market is expected to reach an estimated $900.6 million by 2030.

Q2. What is the growth forecast for ice box market?

Answer: The global ice box market is expected to grow with a CAGR of 12.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ice box market?

Answer: The major drivers for this market are increasing need for temperature control in order to reduce food loss and associated health hazards, rise in population and rapid urbanization, as well as, growth in the pharmaceutical industry.

Q4. What are the major segments for ice box market?

Answer: The future of the global ice box market looks promising with opportunities in the pharmaceutical and food & beverage markets.

Q5. Who are the key ice box market companies?

Answer: Some of the key ice box companies are as follows:

• Blowkings
• Coldchain Technologies
• Sonoco
• CSafe
• Azenta
• Bison Coolers
• Sofrigam
• VA-Q-tec
• Cool Ice Box
• Wild Coolers

Q6. Which ice box market segment will be the largest in future?

Answer: Lucintel forecasts that reusable is expected to witness the higher growth over the forecast period because it is more robust and less costly than throwaway cooler boxes, and it is mostly utilized in the pharmaceutical sector, where it's crucial for products to be comfortable at all temperatures.

Q7. In ice box market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rise in demand for cold storage and shipping in nations like China and India.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ice box market by type (reusable and disposable), raw material (PU foam, expanded polystyrene, extruded polystyrene, expanded polypropylene, and others), end use (pharmaceuticals, food & beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players Pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?