Cooler Bags Market: Structure and Overview of Key Market ForcesPosted by Kishor on March 5th, 2019 Cooler Bags Market: Overview Cooler bags are soft-side portable coolers used for the storage of a variety of goods. They are highly durable and hence, suitable for outdoor usage. High wear and tear strength, coupled with good impact resistance, makes cooler bags the preferred choice among end-users. Perishable food products including meat & poultry, cheese and other dairy products need to be kept cold during transit and cooler bags are extensively used for the storage and transport of such goods. Cooler bags provide insulation to the packaged product from the surrounding environment. Hard-side coolers are also available in the coolers market but they do not enjoy similar popularity, owing to their bulkiness. Hence, soft-sided cooler bags, which offer ease in carrying, are projected to grow at a high CAGR. Players are manufacturing cooler bags in a wide range of sizes, colors and capacities to cater to various end-uses. Cooler Bags Market: Dynamics With the rising popularity of outdoor recreational activities such as hiking, camping and fishing, the demand for cooler bags is expected to increase during the forecast period. The flexible nature of cooler bags makes them popular among hikers and campers. Many pharmaceutical products and healthcare equipment need to be stored at cooler temperatures, owing to their temperature-sensitive nature and sterility. This is expected to generate high demand for cooler bags in the pharmaceutical & healthcare industries during the forecast period. Manufacturers of cooler bags are focusing on diversifying their current product portfolios by incorporating unique features in their existing products. For instance,
Request PDF Sample of this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56823 Cooler Bags Market: Segmentation The global cooler bags market has been segmented on the basis of material, volume and end use. On the basis of material, the global cooler bags market has been segmented as:
On the basis of volume, the global cooler bags market has been segmented as:
On the basis of end use application, the global cooler bags market has been segmented as:
Cooler Bags Market: Regional Outlook From a geographical perspective, the global cooler bags market has been divided into seven key regions, namely Asia-Pacific excl. Japan, Japan, North America, Latin America, Middle East & Africa, Western Europe and Eastern Europe. The Asia Pacific cooler bags market is expected to grow at a high CAGR, owing to the increasing tourist attraction towards Southeast Asian countries such as Malaysia and Thailand. Governments of these countries are taking a number of initiatives to attract more tourists and develop luxury campsites, which is anticipated to fuel the demand for cooler bags in the region. Attributing to the popularity of chilled foods, a steady demand for cooler bags is projected in the U.S. and European countries. Also, the penetration of cooler bags is high in developed markets such as the U.S., Canada and European countries, as compared to that in developing countries. This can be attributed to the popularity of camping, hiking and fishing in developed regions. Cooler Bags Market: Market Participants Examples of some of the key players operating in the global cooler bags market are San Global Inc., Bag Makers, Inc., Mierbag Co., Ltd., Igloo Products Corp., YETI Coolers, LLC, Twin Oaks Global, Pelican Products, Inc., Bison Coolers, Sofrigam SA and Engel Coolers. Many local and unorganized players are expected to contribute to the growth of the global cooler bags market during the forecast period. About Us “Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.” Contact Transparency Market Research Like it? Share it! More by this author |