Insulated Packaging Market Demonstrates A Spectacular Growth By 2024-2030
The insulated packaging market refers to the industry segment dedicated to the production and distribution of packaging materials designed to protect goods from temperature variations during transportation, storage, or shipping. Insulated packaging is constructed using materials that provide thermal insulation, such as foam, bubble wrap, insulated panels, or reflective materials. These materials help maintain a controlled temperature environment inside the packaging, protecting sensitive products like food, pharmaceuticals, chemicals, and other temperature-sensitive goods from damage due to extreme temperatures.
Some of the key players profiled in the study are Sonoco Products Company (United States), Huhtamaki Oyj (Finland), Deutsche Post DHL Group (Germany), Sealed Air Corporation (United States), Amcor plc (Switzerland), TemperPack (United States), Cold Chain Technologies (United States), Pelican BioThermal (United States), Sofrigam (France), Cryopak (United States).
According to HTF Market Intelligence, the Global Insulated Packaging market to witness a CAGR of 6.75% during forecast period of 2024-2030. Global Insulated Packaging Market Breakdown by Material Type (Expanded polystyrene (EPS), polyurethane foam, Vacuum insulated panels (VIP), Reflective films, Others) by Product Type (Insulated boxes, Insulated bags, Insulated containers, Temperature-controlled pallet shippers) by End User (Food and beverage, Pharmaceuticals, Healthcare, Cosmetics, Electronics) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 11.43 Billion.
Market Trends:
- High cost insulated packaging materials can be more expensive compared to traditional packaging
- Limited shelf life of insulated packaging materials
Market Drivers:
- Increasing demand for perishable goods
- Stringent regulations regarding the transportation and storage of temperature-sensitive products
Market Restraints:
- Ongoing advancements in insulation materials and packaging designs
- The rise of e-commerce and online grocery shopping amplifies the need for effective insulated packaging to maintain product quality during shipping
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