Global Insulated Packaging Market, By Material (Expanded Polystyrene Foam (EPS), Polyurethane (PUR) Foam, Wood, Glass, Cupboard, Others), Packaging Type (Box and Container, Flexible Blanket, Bags, Wraps, Other), Packaging Form (Rigid, Flexible, Semi-Rigid), End Use (Food and Beverages, Industrial, Healthcare, Fast Moving Customer Goods, Cosmetic, Pharmaceutical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The insulated packaging market is expected to witness market growth at a rate of approximately 6.20% in the forecast period of 2021 to 2028. Data Bridge Market Research report on insulated packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in disposable income of people in developing nations is escalating the growth of insulated packaging market.
Insulation material refers to a material or combination of different materials possessing low thermal conductivity in order to resist the flow of heat. The major issue faced during the transportation of temperature sensible products is thermal abuse which could be prevented with the utilization of insulated materials for packaging. The products of industries such as pharmaceutical, healthcare, food and beverages, cosmetics and chemicals may be subjected to pressure during transportation, vibration and extreme conditions. These materials help in preventing spoilage and maintaining product specifications. This is extensively used for keeping products refrigerated, frozen and warm.
The increase in use of these packaging materials in industries including pharmaceutical and electronics and the rising demand especially from healthcare sector for temperature-controlled pharmaceutical products and medical devices as these products are sensitive to temperature acting as the major factors driving the insulated packaging market. The surge in number of e-commerce websites for food and beverages and medicines raising the need for delivery of perishable goods with no wastage and high rate of insulated packaging adoption by online grocery stores globally accelerate the insulated packaging market growth. The technological advancement in protective packaging leading to the usage of various materials including cotton and wool insulation which provide bio-based approach for reducing carbon emissions and increase in research and development activities to develop sustainable packaging solutions influence the insulated packaging market. Additionally, pandemic-led consumer behavioral change, increase in demand for temperature-sensitive goods, rise in urban population, expansion of e-commerce industry and surge in disposable income of people positively affect the insulated packaging market. Furthermore, innovations in packaging solutions, growth in pharmaceuticals sector and high growth potential in developing countries extend profitable opportunities to the insulated packaging market players in the forecast period of 2021 to 2028.
On the other hand, rise in cost associated with the raw materials and implementation of government regulations is the factors expected to obstruct the insulated packaging market growth. The rise in concerns regarding the versatile prices of raw materials is projected to challenge the insulated packaging market in the forecast period of 2021-2028.
This insulated packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on insulated packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Insulated Packaging Market Scope and Market Size
The insulated packaging market is segmented on the basis of material, packaging type, packaging form and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- on the basis of material, the insulated packaging market is segmented into expanded polystyrene foam (EPS), polyurethane (PUR) foam, wood, glass, cupboard, others. Others are further segmented into insulating cement, vacuum insulated panel, expanded silica, radiant barrier films and mineral fiber.
- On the basis of packaging type, the insulated packaging market is segmented into box and container, flexible blanket, bags, wraps and other.
- On the basis of packaging form, the insulated packaging market is segmented into rigid, flexible and semi-rigid.
- On the basis of end use, the insulated packaging market is segmented into food and beverages, industrial, healthcare, fast moving customer goods, cosmetic, pharmaceutical and others.
Global Insulated Packaging Market Country Level Analysis
The insulated packaging market is analyzed and market size, volume information is provided by country, material, packaging type, packaging form and end use as referenced above.
The countries covered in the global insulated packaging market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the insulated packaging market due to the increasing consumption of insulated packaging in the food and beverages sector and pharmaceuticals industries in countries including China, Japan and India. North America is expected to witness significant CAGR during the forecast period of 2021 to 2028 because of the growth of the manufacturing sector and dynamical trends in sociology and rise in demand for the packaging from medical and pharmaceutical industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Insulated Packaging Market Share Analysis
The insulated packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to insulated packaging market.
The major players covered in the insulated packaging market report are Amcor Limited, American Aerogel, Cryopak, Davis Core & Pad Company, DS Smith, DuPont, Huhtamaki, Innovative Energy Inc., MARKO FOAM PRODUCTS, Providence Packaging, Sonoco Products Company, The Wool Packaging Company Limited, TP Solutions, Pelican BioThermal, ShipItCold, Topa Thermal Packaging, TP3 Global, Polar Thermal Packaging Ltd., Insulated Products Corporation, Therapak LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.