Global Styrofoam Coolers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Styrofoam Coolers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A closed container of Styrofoam creates a “cold zone” into which heat from the outside enters at a very slow rate. Styrofoam has good insulating properties because it has millions of tiny air bubbles that slow the progress of heat through the material.

Market Overview:

The latest research study on the global Styrofoam Coolers market finds that the global Styrofoam Coolers market reached a value of USD 1649.43 million in 2022. It’s expected that the market will achieve USD 1962.0 million by 2028, exhibiting a CAGR of 2.93% during the forecast period.

The rapid development of the food industry has provided opportunities for Styrofoam coolers market.

The rapid development of the food industry has provided Styrofoam coolers with many growth opportunities. Several factors are changing the food industry. These factors include changes in urbanization, population growth and consumption trends. The trend of food and beverages made from natural elements is on the rise worldwide. In addition, the trend of online food delivery is growing, and with the increase in mobile payments, GPS tracking and big data, recent innovations in the food distribution market have accelerated. Consumers can now order from a wide range of restaurants with a single click of the phone. Convenience drives the rapid growth of online food worldwide, driving the growth of the Styrofoam Coolers market.

Growing demand from packaging industry.

The growing demand from the packaging industry is driving the growth of the Styrofoam Coolers market. The growth of the global e-commerce market is driving global packaging demand, which is one of the major packaging trends throughout 2019. With the increasing popularity of online sales, the demand for packaged products for safe transportation products has also increased significantly. This forces online retailers and e-commerce companies to use different types of materials and implement new technologies. Especially for some foods that need to be refrigerated and preserved, such as seafood, or the transportation of some special drugs, these will increase the demand for Styrofoam Coolers.

Styrofoam is not biodegradable which may be a challenge to the market.

One of the main concerns regarding Styrofoam is that it's not biodegradable and therefore takes up a lot of space in landfills, which adds to the pollution problem. If littered, Styrofoam sometimes breaks into smaller pieces that are more difficult to clean up. Another argument against Styrofoam is that it's made from nonrenewable fossil fuels and synthetic chemicals, which can also contribute to pollution. Styrofoam sometimes makes its way into waterways and can have disastrous effects on animals that may confuse it for food or nesting material.

Region Overview:

USA dominated the Styrofoam Coolers market in 2022, with a market share of 31.3%.

Company Overview:

Plastilite Corporation is one of the major players operating in the Styrofoam Coolers market, holding a share of 0.43% in 2023.

Plastilite Corporation

Plastilite Corporation provides insulating and protective packaging. The Company offers coolers, ice packs, fishing supplies, medical and pharma materials, food shipping, animal and veterinary containers, and other packaging items.

Wolters Europe

Wolters Europe is producing expanded foams, Wolters Europe has very advanced production facilities.

Segmentation Overview:

Among different product types, 23 - 25 Inches segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Pan Carriers segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Styrofoam Coolers market covered in Chapter 3:

Glacier Pac
Brown Packaging
Peek Packaging
Wolters Europe
Linyi Lanshan Xingda
Zion Packaging
Plastilite Corporation
Shandong Dayou Foam Co., Ltd.
ACH Foam Technologies
Miller Supply Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Styrofoam Coolers market from 2018 to 2029 is primarily split into:

11 - 14 Inches
15 - 19 Inches
23 - 25 Inches
26 - 36 Inches
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Styrofoam Coolers market from 2018 to 2029 covers:

Food Industry
Packaging
Food Pan Carriers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)