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Cooler Bags Market Size

Report ID: GMI11728
Published Date: Oct 2024
Report Format: PDF

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Cooler Bags Market Size

The global cooler bags market size was valued at USD 3.9 billion in 2023 and is anticipated to register a CAGR of 3.8% between 2024 and 2032. The industry is witnessing robust growth as more people are engaging in outdoor activities like camping, picnicking, and fishing, which has increased the demand for portable cooling solutions.

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Health-conscious consumers want to keep their food and drinks fresh during these outings, making cooler bags a popular choice. Additionally, the trend towards eco-friendly products has led to the development of reusable cooler bags made from environmentally friendly materials.

People use cooler bags for everyday activities like grocery shopping and carrying lunch. As urban lifestyles become busier, the need for insulated food storage has grown, expanding the business beyond outdoor enthusiasts. Technological advancements, such as better insulation materials and lighter designs, also boost the adoption of cooler bags.

Cooler Bags Market Report Attributes
Report Attribute	Details
Base Year:	2023
Cooler Bags Market Size in 2023:	USD 3.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.8%
2032 Value Projection:	USD 5.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	49
Segments covered:	Material Type, Capacity, Price, Application, Distribution Channel, Region
Growth Drivers:	Rising demand for outdoor activities Focus on sustainability Technological advancements: Customization and personalization
Pitfalls & Challenges:	Intense competition Price sensitivity of consumers

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Intense competition from many brands offering a wide range of products at different prices is a major issue. This makes it hard for new companies to gain industry share and for existing ones to stand out.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for cooler bags was valued at USD 3.9 billion in 2023 and is estimated to grow at a 3.8% CAGR from 2024 to 2032, driven by increased participation in outdoor activities such as camping, picnicking, and fishing.

The metal cooler bags segment recorded USD 1.3 billion in 2023 and is expected to reach USD 1.8 billion by 2032. These bags are preferred due to their superior durability, insulation, and longevity compared to fabric or plastic options.

The North America industry recorded USD 1.3 billion in 2023 and is expected to reach USD 1.8 billion by 2032. This growth is led by the popularity of outdoor activities and the preference for durable, portable products in the U.S. and Canada.

Key players in the industry include AO Coolers, Arctic Zone, Carhartt, Coleman Company, Dometic Group, Engel Coolers, Grizzly Coolers, Hydro Flask, and Igloo Products Corp.