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Insulated Packaging Market
According to the latest report by IMARC Group, titled “Insulated Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global insulated packaging market reached a value of US$ 12.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027.
Insulated packaging refers to the packaging solutions that are utilized for storing and transporting temperature-sensitive products. They are used for maintaining the desired temperature and keeping the contents refrigerated, frozen, and warm. Insulated packaging is available in various forms, such as ts flex , pre-formed shapes, boxes, bags, rigid boards, etc. These products are manufactured using expanded polystyrene foam (EPS), polyurethane foam, insulating cement, expanded silica, radiant barrier films, mineral resin fibers, etc. Insulated offs high packaging to heat transfer, improved durability, mechanical strength, low moisture susceptibility, etc. Consequently, it is used in the production of cosmetics, seafood, ice creams, meats, alcohols, fresh herbs, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Growth:
The expanding e-commerce sector is primarily driving the insulated packaging market across the globe owing to its utilization in protecting perishable goods from damage caused by temperature variations during storage and transportation. Avoid waste and spillage is also propelling the market growth. In addition to this, several product innovations, such as the development of recycled and recyclable environment-friendly packaging products, are acting as significant growth-inducing factors. Distribution strategies by manufacturers for expanding their consumer base are projected to catalyze the insulated packaging market over the forecasted period.
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Key Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
• Amcor plc
• Cold Ice Inc.
• Cryopak (Integreon Global)
• Deutsche Post AG
• Drew Foam of Georgia
• DS Smith plc
• DuPont de Nemours Inc.
• Huhtamäki Oyj
• Innovative Energy Inc.
• Marko Foam Products Inc.
• Sonoco Products Company
• The Wool Packaging Company Limited
• TP Solutions
Breakup by Packaging Type:
• Boxes and Containers
• Bags and Pouches
• Wraps
• Others
Breakup by Material Type:
• Corrugated Cardboards
• Metal
• Glass
• Plastic
• Others
BREAKUP BY PACKAGING FORM:
• Rigid
• Flexible
• Semi-rigid
Breakup by Application:
• Cosmetic
• Pharmaceutical
• Food and Beverages
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
KEY HIGHLIGHTS OF THE REPORT:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
This release was published on openPR.
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