Market News
Recent Developments
New product launches
- In September 2022, Igloo launched the Playmate Elite cooler with a capacity of 16 quarts. It features a durable and lightweight rotational-molded construction. The Igloo Playmate Elite 16 Qt Cooler is a versatile and stylish cooler designed to keep food and drinks cold with ease. Igloo Products Corp is a company that manufactures and designs coolers. Igloo offers beverage and thermo-electric coolers, bags, hard and soft coolers, chairs, tents, and more. It was founded in 1947 and is headquartered in Katy, Texas, United States. Igloo has more than 500 products, including personal, beverage, and full-sized coolers, which are sold through thousands of retailers in the US and worldwide
- In June 2021, Engel launched the HD30 Roto-Molded Cooler with storage capacity up to 26 quarts. It offers superior ice retention and integrated nose cone hinge design. The company is headquartered in Schwertberg, Austria, and has been in the plastics processing machines industry for over 70 years . Engel is committed to providing innovative solutions for the plastics industry and has a strong focus on sustainability and climate protection
- In March 2020, ORCA launched the 40 Quart ORCA Cooler with extra thick insulation and new T-latching system. It provides up to 10 days of ice retention. ORCA is a brand that produces high-quality coolers, drinkware, and outdoor accessories. ORCA also produces a range of drinkware, including tumblers, chasers, and wine glasses, that feature similar insulation technology to their coolers. Overall, ORCA is a popular brand for those looking for high-quality, durable outdoor products.
Acquisition and partnerships
- In May 2022, Igloo acquired Party Bucket Group, a manufacturer of reusable drink coolers for events and promotions. This helped expand Igloo's product portfolio. Party Bucket Group is a manufacturer of reusable drink coolers for various occasions. Their products include plastic party buckets designed to hold beverages and ice, and they are available in different sizes and colors. These reusable and washable beverage buckets are made from non-toxic, BPA-free thick plastic, and they are dishwasher and microwave safe. The company's offerings cater to both kids and adults, providing strong, durable, and eco-conscious drink coolers
- In March 2021, ORCA partnered with Oceanic Global to launch sustainable and eco-friendly coolers made with recycled fishing nets. This supports ocean conservation.
- In June 2020, OtterBox acquired Covert Coolers to enter the outdoor recreation products segment with rugged, high-performance roto-molded coolers.
- OtterBox, a company founded in 1998, is primarily known for designing and manufacturing protective phone cases and accessories for various devices such as iPhones, iPads, Samsung Galaxy, and Google Pixel . In addition to their phone cases, OtterBox also offers a line of coolers for outdoor enthusiasts, including the OtterBox Venture cooler and the OtterBox Cube Cooler