Cooler Bags Market To Hit USD 5.4 Billion By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Cooler bags industry is projected to witness a CAGR of 3.8% during the period 2024-2032. This growth can be attributed to rising demand for outdoor activities.

Selbyville, Delaware, Nov. 20, 2024 (GLOBE NEWSWIRE) --

Cooler Bags market size was valued at approximately USD 3.9 billion in 2023 and is projected to experience a compound annual growth rate (CAGR) of 3.8% from 2024 to 2032. This growth can be attributed to the rising popularity of outdoor activities such as camping, picnicking, and fishing, which has led to an increased demand for portable cooling solutions.

Request for a sample of this research report @

Health-conscious individuals seek ways to keep their food and beverages fresh during outdoor excursions, making cooler bags a favored choice. Additionally, the growing trend towards environmentally friendly components has spurred the progress of refillable cooler bags made from sustainable materials.

The cooler bags market is segmented by material type into categories such as plastic, metal, fabric, foam, and others, including gel. In 2023, metal cooler bags emerged as the leading segment, generating over USD 1.3 billion in revenue and expected to reach USD 1.8 billion by 2032. Their dominance is due to their durability, superior insulation, and a longer lifespan than fabric or plastic alternatives. Constructed from materials like stainless steel or aluminum, these bags are designed to withstand harsh conditions while maintaining stable temperatures, making them ideal for various outdoor adventures.

Another key cooler bags market segmentation is based on capacity, which includes cooler bags under 10 liters, those between 10 and 20 liters, and those above 20 liters. Cooler bags with a capacity of under 10 liters dominated the market in 2023, achieving revenues exceeding USD 1.4 billion, and projected to grow to USD 1.9 billion by 2032. Their popularity stems from their portability; smaller bags are more convenient to carry, making them well-suited for individuals or small groups.

They are particularly favored for short outings and day trips due to their affordability, as smaller options tend to be less expensive than larger ones. Additionally, limited storage space in vehicles or homes makes compact cooler bags a practical choice for many consumers.

North America stands out as the largest cooler bags market, generating significant revenue of USD 1.3 billion in 2023 and expected to rise to USD 1.8 billion by 2032. This growth is driven by the region's strong interest in outdoor activities such as camping, hiking, and fishing. Consumers in North America often prefer portable, durable products that effectively keep food and beverages cool for extended periods. The robust culture of outdoor sports and leisure in this region underscores the ongoing demand for reliable cooling solutions, further enhancing market growth prospects.

Request for Report Customization @

Major players in cooler bags market include AO Coolers, Arctic Zone, Carhartt, Coleman Company, Dometic Group, Engel Coolers, Grizzly Coolers, Hydro Flask, Igloo Products Corp., Klein Tools, Patagonia, Pelican Products, RTIC Outdoors, Thermos, and YETI Holdings among others.

Partial Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Base estimates & calculations

1.3 Forecast parameters

1.4 Data sources

1.4.1 Primary

1.4.2 Secondary

1.4.2.1 Paid sources

1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 3600 synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis

3.1.1 Factors affecting the value chain

3.1.2 Profit margin analysis

3.1.3 Disruptions

3.1.4 Future outlook

3.1.5 Manufacturers

3.1.6 Distributors

3.1.7 Retailers

3.2 Impact forces

3.2.1 Growth drivers

3.2.1.1 Rising demand for outdoor activities

3.2.1.2 Focus on sustainability

3.2.1.3 Technological advancements:

3.2.1.4 Customization and personalization

3.2.2 Industry pitfalls & challenges

3.2.2.1 Intense competition

3.2.2.2 Price sensitivity of consumers

3.3 Technology & innovation landscape

3.4 Consumer buying behavior analysis

3.4.1 Demographic trends

3.4.2 Factors Affecting Buying Decision

3.4.3 Preferred Distribution Channel

3.4.4 Preferred Price Range

3.5 Growth potential analysis

3.6 Regulatory landscape

3.7 Pricing analysis

3.8 Porter's analysis

3.9 PESTEL analysis

Browse more recreational products industry reports @

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

MENAFN20112024004107003653ID1108905387