Global Thermal Insulation Packaging Market, By Product (Box, Bags, Carton Liners, Bubble Cushioning and Others), Packaging Type (Passive Packaging, Active Packaging and Cold Storage), Material (Polystyrene, Polyurethane (PUR), Polyethylene, Vacuum Insulated Panels (VIP), Polylactic (PLA), Corrugated Fiber Board and Others), Temperature Range (Refrigerated, Frozen and Ambient), Application (Pharmaceutical, Food & Beverage, Chemicals, Horticulture Products, Electronics and Others) – Industry Trends and Forecast to 2029.
Global Thermal Insulation Packaging Market Analysis and Size
Thermal insulation material acts as a barrier preventing heat transfer between objects of differing temperatures. Thermal packaging helps to preserve the chemical composition of pharmaceutical products, ensuring no efficacy is lost during transit. It is important to know the maximum possible time that a shipment can take, according to which the insulation must adequately keep temperatures controlled until the product reaches its destination. These material are used in packaging as part of a cold chain to help maintain product freshness and efficacy.
Data Bridge Market Research analyses that the thermal insulation packaging market is expected to reach the value of USD 15,892,492.17 thousand by the year 2029, at a CAGR of 6.7% during the forecast period. "Pharmaceuticals" accounts for the most prominent application segment in the respective market owing to the rise in thermal insulation packaging in pharmaceuticals. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Box, Bags, Carton Liners, Bubble Cushioning and Others), Packaging Type (Passive Packaging, Active Packaging and Cold Storage), Material (Polystyrene, Polyurethane (PUR), Polyethylene, Vacuum Insulated Panels (VIP), Polylactic (PLA), Corrugated Fiber Board and Others), Temperature Range (Refrigerated, Frozen and Ambient), Application (Pharmaceutical, Food & Beverage, Chemicals, Horticulture Products, Electronics and Others)
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Countries Covered
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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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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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.
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Market Definition
Thermal insulation material acts as a barrier preventing heat transfer between objects of differing temperatures. Thermal packaging helps to preserve the chemical composition of pharmaceutical products, ensuring no efficacy is lost during transit. It is important to know the maximum possible time that a shipment can take, according to which the insulation must adequately keep temperatures controlled until the product reaches its destination.
Regulatory Framework
- ASTM (American Society for Testing and Materials) D3103-07, a US standard or test method covers the determination of the thermal insulation quality of a package and the thermal stability of its contents when exposed to variable ambient temperature conditions. This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.
COVID-19 had a Minimal Impact on Thermal Insulation Packaging Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, no significant impact was noticed on their thermal insulation packaging global operations and supply chain, as import and export of vaccines and essential goods led to the increasing demand for thermal insulation packaging. This growing awareness and governmental push to the research and development and introducing eco-friendly and sustainable thermal insulation packaging increasing the growth of the thermal insulation packaging market.
The Market Dynamics of the Thermal Insulation Packaging Market Include:
- Growing Demand for Ready-to-Eat Food Products
The convenience provided by ready-to-eat foods provides a way to eat a healthy diet while adapting to the healthy insulating packaging requirements that helps in storing the food for a longer period of time. Ready-to-cook food requires perfect packaging solutions to protect the food from biological contamination and physical influence. This has in turn increased the demand for thermal insulating packaging materials.
- Rise in Application Usage in the Pharmaceutical Industry
A thermal insulation packaging system is necessary for maintaining the integrity and safety of the medical products which in turn increases the demand for thermal insulating packaging.
- Shifting Consumer’s Preference Towards Temperature-Sensitive Goods
The increased demand for temperature sensitive goods has further led to the rise in the demand for insulated packaging materials to keep the food safe and fresh. This in turn rises the demand for thermal insulating packaging materials.
- Increasing Spending Towards Cold-Chain Delivery System
Cold chain pharmaceutical and food products require a reliable infrastructure such as insulated packaging and storage facilities, for maintaining a precise temperature range when transporting from the manufacturer to the consumers. This in turn increases the demand for thermal insulating packaging materials.
- Positive Outlook Towards E-Commerce Industry
The ever-changing trends in the e-commerce industry have opened up ample opportunities for thermal insulating packaging solutions providers to adopt innovative technologies and designs to increase their market share. This in turn increases the demand for thermal insulating packaging materials.
- Advances in Technology for Producing Thermal Packaging Products
The rising and fast pacing advancement in technology of thermal insulating packaging production will help manufacturers achieve more profits and help them increase their production capacities, which will, in turn, fulfill the increasing demand for thermal insulating packaging materials.
Restraints/Challenges faced by the Thermal Insulation Packaging Market
- Volatility in the Prices of Raw Materials
Increased global trade, urbanization, transportation needs, and energy demands put further pressure on the cost of the intermediaries required for thermal insulating packaging materials manufacturing. Therefore, changes in the costs of raw materials for producing thermal insulating packaging materials affect the demand of the product.
- Implementation of Strict Government Regulations
Heat waves and hot climates can aggravate photochemical processes and enhance the generation of low-level ozone. Therefore, the governments of various countries have specified strict rules and regulations for the packaging manufacturing units adhering to pollution and environmental concerns, which in turn sinks the demand for thermal insulating packaging.
This thermal insulation packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographic expansions, technological innovations in the market. To gain more info on the Thermal Insulation 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.
Recent Developments
- In December 2021, Avantor, Inc. entered into a distribution agreement to supply Agilent technologies’ chemistries and supplies division products in the U.S. and Canada. This has in turn helped the company to earn revenue from the North American market.
- In July, 2021, Nordic Cold Chain Solutions informed about the methods and importance for using cold chain process. This has helped the company to attract more customers in the region.
Global Thermal Insulation Packaging Market Scope
The thermal insulation packaging market is segmented on the basis of product, packaging type, material, temperature range, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Box
- Bags
- Carton Liners
- Bubble Cushioning
- Others
On the basis of product, the global thermal insulation packaging market is segmented into box, bags, carton liners, bubble cushioning, and others. Box accounts for the largest market, and are expected to witness high growth owing to their capability to maintain the freshness and quality of the products more than other the products.
Packaging Type
- Passive Packaging
- Active Packaging
- Cold Storage
On the basis of packaging type, the global thermal insulation packaging market is segmented into passive packaging, active packaging and cold storage.
Material
- Polystyrene
- Polyurethane (PUR)
- Corrugated fibre board
- Vacuum insulated panels (VIP)
- Polyethylene
- Polylactic (PLA)
- Others
On the basis of material, global thermal insulation packaging market is segmented into polystyrene, polyurethane (PUR), polyethylene, vacuum insulated panels (VIP), polylactic (PLA), corrugated fiber board and others.
Temperature Range
- Ambient
- Refrigerated
- Frozen
On the basis of temperature range, the global thermal insulation packaging market is segmented into refrigerated, frozen and ambient.
Application
- Pharmaceutical
- Food And Beverages
- Electronics
- Chemicals
- Horticulture Products
- Others
On the basis of application, global thermal insulation packaging market is segmented into pharmaceutical, food & beverage, chemicals, horticulture products, electronics and others.. The pharmaceutical segment is expected to grow at high rate as thermal insulation packaging reduces heat movements and vapor condensation.
Thermal Insulation Packaging Market Regional Analysis/Insights
The thermal insulation packaging market is analyzed and market size insights and trends are provided by country, product, packaging type, material, temperature range, and application as referenced above.
The countries covered in the thermal insulation packaging market report are the 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Europe dominates the thermal insulation packaging market due to the rising demand for temperature-sensitive goods in the region. The rise in application usage in the pharmaceutical industry and food & beverages industry is expected to increase demand for thermal insulation packaging in region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Thermal Insulation Packaging Market Share Analysis
The thermal insulation 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 thermal insulation packaging market.
Some of the major players operating in the thermal insulation packaging market are 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, Csafe Global, WestRock Company, and Avantor, Inc. among others.
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