An insulated ice box is a compact non-mechanical wrapped box used for storing food & beverages. The icebox container is a very useful item that can be easily carried while going out for work or travel. It is a cooling suitcase that is produced using insulated material to keep its inner temperature uninfluenced regardless of the outside weather. It helps to keep things cool and fresh. It provides durability and longevity and are easily affordable. The icebox is highly portable and light in weight, and occupies little space. These are often used in picnics, vacations, and holidays. These boxes are available in a wide variety of colors, designs, and dimensions.
COVID-19 Scenario Analysis:
- The worldwide pandemic occurrence has significantly reduced the demand for insulated ice box
- Closure of all picnic spots and traveling destination hampers the growth of the insulated ice box market as people is quarantined in their home only.
- As China is the main supplier of insulated icebox because of cheap labor and easy availability of raw material and disruption in trade with China leads to hamper the production, supply chain, and fluctuation in prices.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in disposable income, increase in hectic schedules, and surge in popularity of outdoor recreational activities boosts the demand for the icebox market to cool the foods & beverages. Unfavorable weather conditions, however, can hamper recreational activities for individuals. The use of these cooler boxes is restricted in extreme cold weather or rainy days. Consumers do not prefer to eat cold foods or drinks during extremely cold weather.
The global market trends are as follows:
- Consumers are starting to explore various activities which provide relief from stress. Participation in activities like hunting, camping, fishing increases boosts the demand for icebox. Campers and holidaymakers prefer to carry their food products, which must be stored at cool temperatures to avoid spoilage, prompts demand for ice boxes in the market.
- Governments also take the necessary initiative to encourage outdoor activities. This is anticipated to boost the demand for cooler boxes market.
- Small boxes are often used for personal use, while large boxes are used for family purposes or for long vacations. Cooler boxes available for disposal and made of polystyrene foam. Some reusable boxes have molded handles and some have straps for the shoulder. These boxes are designed specifically for keeping food and beverages cold while transporting them from one place to another.
- Icebox manufacturers are investing heavily in the development of new coolers, which are easy to fold and require minimum space and fulfill the demand for the customer.
Key Benefits of the Report:
- This study presents the analytical depiction of the insulated ice box industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the insulated ice box market share.
- The current market is quantitatively analyzed to highlight the global insulated ice box market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed insulated ice box market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Insulated Ice Box Market Research Report:
- What are the leading market players active in the insulated ice box market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Insulated Icebox Market Report Highlights
By Distribution Channel
Key Market Players
K2 Coolers, Grizzly, Coleman (Esky), Koolatron, Cool Ice Box Company Ltd., Bison Coolers, Igloo, Wild Coolers., Stanley