Insulated Packaging Market Overview:
The Insulated Packaging Market size is expected to witness significant gains owing to business expansion and introduction of various technologies in the market. Global insulated packaging market is expected to rise from its initial estimated value of USD 12.79 billion in 2018 to an estimated value of USD 19.37 billion by 2026, registering a CAGR of 5.32% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand of packaging methods for goods that are susceptible to temperature variations.
Insulated packaging can be described as a type of packaging solution that is used for maintaining the optimal temperature for the goods and materials to be shipped. They are constituted to be a part of cold chain supply of goods, where there is continuous and refrigeration and temperature maintenance so that the quality and product effectiveness is maintained throughout.
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Major Market Players covered in the Market 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, and Therapak LLC
By Material (Plastic, Wood, Glass, Others),
By Product (Pouch & Bags, Box & Containers, Others),
By End-Use (Food & Beverage, Industrial, Pharmaceuticals, Cosmetics, Others)
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Based on regions, the Insulated Packaging Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Significant rise of e-commerce and the subsequent demand from the industry is expected to drive the market growth
- Growth in consumption of goods susceptible to varying temperatures is also expected to act as a driver to the market growth
- Strict regulations posed by the authorities regarding the use of raw materials is expected to restrain the market growth
- High cost of maintenance of these products related to the constant use of these products is also expected to restrain the market growth
Key Developments in the Market:
- In May 2017, Cryopak announced a partnership with Purolator Inc. for the logistics, transportation supplying solutions. This partnership is expected to ensure the regional dominance of Cryopak for logistics and associated solutions.
- In March 2017, TP3 Global and Polar Thermal Packaging Ltd. announced the initiation of a partnership and strategic alliance that is expected to widen the product portfolio and offerings to the end-users.
Highlights of TOC:
Overview: In addition to an overview of the Insulated Packaging Market, this section provides an overview of the report to give an idea of the type and content of the study.
Market dynamics: Here the authors of the report discussed in detail the main drivers, restrictions, challenges, trends and opportunities in the market.
Product Segments: This part of the report shows the growth of the market for various types of products sold by the largest companies.
Application segments: The analysts who have authored the report have thoroughly evaluated the market potential of the key applications and identified the future opportunities they should create in the Insulated Packaging.
Geographic Segments: Each regional market is carefully examined to understand its current and future growth scenarios.
Company Profiles: The top players in the Insulated Packaging market are detailed in the report based on their market share, served market, products, applications, regional growth and other factors.
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Dan Carter was a reporter for nomad Labs, before becoming the lead editor. Dan has over forty bylines and has reported on countless stories concerning all things related to tech and science. Dan studied at CSUF.