Global Thermal Insulation Packaging Market is expected to grow with the CAGR of 6.7% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global thermal insulation packaging market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global thermal insulation packaging market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In December 2021, Sonoco Products Company invested $114 million in Project Horizon, an investment to transform their Hartsville corrugated medium machine into a state-of-the-art uncoated recycled paperboard (URB) operation with annual production capacity of approximately 180,000 tons. This development will help to expand their business and serve more customers
• In November 2020, DS Smith launched a new sustainable packaging solution for temperature-sensitive deliveries. This will help the company to expand its product portfolio

Sonoco Products Company is the dominating player in the thermal insulation packaging market. The other key players existing in the market includes Thermal Ice, QProducts & Services, Nordic Cold Chain Solutions, Biobright, Sealed Air, ABBE, DUFAYLITE, Cellulose Material Solutions, LLC, Cold Chain Technologies, Sonoco Products Company, SOFRIGAM, The Wool Packaging Company Limited, Insulated Products Corporation, Cryopak, DS Smith, Intelsius, Softbox, WestRock Company, and Avantor, Inc. among others.

Sonoco Products Company

Sonoco Products Company is headquartered in South Carolina, U.S. as public ownership and was founded in 1899. The company is focused in producing industrial products, protective packaging, healthcare packaging and consumer packaging. The company has several product categories which are consumer packaging, industrial products, protective packaging, healthcare packaging under which protective packaging, healthcare packaging are market focused product category.

For instance,

• In December 2021, Sonoco Products Company invested $114 million in Project Horizon, an investment to transform their Hartsville corrugated medium machine into a state-of-the-art uncoated recycled paperboard (URB) operation with an annual production capacity of approximately 180,000 tons. This development will help to expand their business and serve more customers.

The company has wide presence in North America, South America, Europe, Asia/Europe, and Australia/New Zealand. Company has subsidiaries which are Sonoco Protective Solutions, Inc. (U.S.), Sonoco Trident Ltd.(U.S.), Graffo Paranaense de Embalagens S.A. (Brazil), Thermoform Engineered Quality LLC (U.S.), Sonoco Graphics India Private Limited (India) among others.  

DS Smith

DS Smith is headquartered in London, U.K. and it was founded in year 1940. The company is focused on providing sustainable packaging solutions, paper products and recycling services worldwide. The company offers wide range of product categories such as packaging solutions, paper products, recycling services out of which packaging solutions is market focused category.

For instance,

• In December 2021, DS Smith continued its environmental education project with schools in Zărnești in partnership with the Brașov County School Inspectorate. The educational project, launched last year, aims to familiarise school pupils with concepts such as recycling, environmental protection, and the importance of a circular economy. This will help the company to maintain a relationship with its business partner and expand its business

The company has presence in Europe, North America, South America, Asia-Pacific, Middle East & Africa. The company have several subsidiaries which are Papeles Y Cartones De Europa (Spain), Duropack GmbH (Austria), DS Smith Paper Limited (U.K.), TRM Packaging Ltd. (U.K.) are amongst others.

Avantor, Inc.

Avantor, Inc. is headquartered in Pennsylvania, U.S. and was founded in 1904. The company is engaged in manufacturing mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. The product categories of the company include adhesion testers, adhesives, bags, balances and scales, cables, calculators, data loggers, density meters, earmuffs, earplugs, face shields, fall protection, gas cylinders, gas detection systems, haematocrit readers, heaters, ice containers, ice crushers, jars, knives, label and tape dispensers, labels, magnifiers, mailers and shipping containers, neck protectors, next generation sequencing reagents, orbital shakers, osmometers, papers, paraffin wax trimmers and dispensers, pcr cyclers, racks, razors and blades, safety cans, sample containers, tachometers, tanks, vacuum cleaners, vacuum handling systems, wall hooks, watch glasses out of which mailers and shipping containers is the market focused category.

For instance,

• In November 2021, Avantor, Inc. received Korea Health Industry Development Institute (KHIDI) Award for contribution to health and medical technology commercialization. This has helped the company to strengthen its position in the region

The company has wide presence in Europe, North America, Asia-Pacific and Middle East and Africa. The company has subsidiaries which are VWR International (U.S.); Masterflex (U.S.); NuSil Technology LLC (U.S.); Therapak, LLC (U.S.) among others among others.