Shoulder Strap Insulated Cooler Market to Experience Steady Growth, Fueled by Rising Demand from Recreational Sports and Healthcare Sectors, Predicts Market Analysis for 2023 to 2033

NEWARK, Del: The global Shoulder Strap Insulated Cooler Market is worth US$ 735.4 Million as of now and is expected to reach US$ 1.47 Billion by the year 2033 at a CAGR of 7.1% between 2023 and 2033.

Apart from growth in recreational activities all across, there is an upsurge in demand for vaccines in the post-pandemic era; thereby facilitating storing of thermos-sensitive pharmaceuticals for numerous days. The other attributes could be rapid industrialization and urbanization everywhere.

The ongoing trend is that of a growing inclination toward biodegradable shoulder strap coolers along with millennials asking for the insulated icebox. Branding on the part of shoulder strap coolers is another factor to drive the shoulder strap insulated cooler market.

Consumers are actually replacing outdated coolers with modern-day insulated coolers owing to the insulated coolers undergoing technological advancements. This could also result in increased spending by consumers with an emphasis on convenience. Also, there is an increase in the consumption of beverages during outdoor activities; which could be another reason behind the growth in shoulder strap coolers vertical.

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As far as the healthcare vertical is concerned, shoulder strap insulated coolers are used to transport temperature-sensitive drugs. These waterproof bags prevent spillage, thereby maintaining the drug’s quality. These insulated sacs do away with external temperature, shock from internal material, and light.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Shoulder Strap Insulated Cooler market’. Its dedicated team of analysts and consultants is there to execute with its eagle’s eye view along macros and micros.

“Better technology is being used to manufacture lightweight shoulder strap coolers that are capable of retaining ice for long. This factor is expected to take the shoulder strap insulated cooler market by storm in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Shoulder Strap Insulated Cooler Market

• North America holds a wholesome market share. This could be attributed to the consumers in the US preferring road trips in the summer season. Also, the US is witnessing a decrease in the prices of fuel; which has resulted in various consumers going for off-road activities. This shift has resulted in an exorbitant demand for shoulder strap insulated coolers.
• Europe holds the second-largest market share on similar grounds as mentioned above and the scenario is expected to remain unchanged even in the near future.
• The Asia-Pacific is led by Cambodia and Thailand due to both being looked upon as unconventional and camping destination travels.

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Competitive Straps

• Pegasus ULD, in November 2022, inked an agreement with Qatar Airways Cargo and Sonoco ThermoSafe, inked an agreement for leasing Pegasus ULD's temperature-controlled bulk shipping container. The tactic is actually one of the subsets of Qatar Airways Cargo’s Next Generation strategy.
• Yeti Coolers LLC, in July 2022, did showcase Roadie 60 and Roadie 48. These coolers are amongst the premium mobile hard coolers of the company. They have telescopic trolley handles in place of Haul’s wagon-style handles, non-extendable, which do represent transportable carry-on bags.

Shoulder Strap Insulated Cooler Market: Key Players

• Yeti Coolers, LLC.
• AO Coolers.
• The Coleman Company Inc.
• Pelican Products Inc.
• Outdoor Active Gear
• Igloo Products Corp.
• Grizzly Coolers.
• Bison Coolers.
• Engel
• Artic Zone

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What does the Report say?

• The research study is based on the material (portable and rack mount), and by end-use (fishing/marine, hunting, camping, school, and likewise).
• With the rise in popularity of various outdoor recreational activities such as hiking and off-roading amongst travellers, the global shoulder strap-insulated cooler market is bound to grow on a remarkable note in the forecast period.

Key Segments

The global shoulder strap insulated cooler market has been segmented on the basis of material, volume and end-use.

Material:

• Rackmount
• Portable

End Use:

• Fishing/Marine
• Hunting
• Camping
• School
• Others

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