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In 2022, the insulated packaging market was estimated to be worth $13.29 billion. During the forecast period (2023-2030), the insulated packaging market is expected to increase from USD 14.89 billion in 2023 to USD 25.32 billion in 2030, representing a CAGR of 7.80%. Market expansion is being fueled by rising demand for insulated packaging and temperature-sensitive goods.
Over the projection period, one of the most important drivers driving the market will be the rising disposable income of people in developing economies. Products are less likely to suffer from temperature and pressure fluctuations or be damaged by handling if they are packaged in insulated containers. Several industries, including the cosmetics, food & beverage, pharmaceutical, and electronics industries, make use of the packaging. Dangerous and flammable, industrial chemicals pose a significant risk in the workplace. These chemicals are stored and transported in large quantities and can be either solid, liquid, or gas.
The spread of globalization has shortened travel times between formerly distant parts of the globe. As a result, international trade between nations is growing. Some products are more susceptible to damage from temperature fluctuations, whereas others are more susceptible to harm from shocks. For items that must be kept at a specific temperature, insulated packing is the only option. Demand for products that must be kept at a specific temperature has risen as the pharmaceutical and food and beverage sectors have flourished.
People's reliance on processed and packaged food goods as well as luxury products is a result of modern lives and high disposable incomes. Foods that have been processed or frozen are often already prepared, saving time and effort for the working population. Items that need to be kept at a constant temperature, such as frozen foods, fish, meat, vegetables, fruits, and medical supplies, require insulated packaging.
Plastic, glass, paper, and metal are in short supply, which has a knock-on effect on the production of insulated materials. Raw material costs from overseas markets rise as a result of currency volatility. Due to fluctuating material and chemical costs, manufacturers of raw materials face stiff competition for profit margins. Polymers, such as polyurethane, polyethylene, and polystyrene, face a significant challenge from the rising cost of crude oil. Manufacturers are increasingly turning to recycled agricultural waste, recycled paper, and recycled plastic due to rising raw material costs. To find suitable replacements for insulated packaging, extensive research and development are needed. Therefore, rising costs of raw materials and the need for sophisticated R&D are limiting market expansion.
The rising demand for packaged goods and ready-to-eat meals has contributed to the expansion of the insulated packaging market. Convenience is a crucial factor in the growing popularity of ready-to-eat meals and packaged goods. As a result, there has been a rise in the need for insulated packaging options that can keep perishable food products at acceptable temperatures during storage and transport. Insulated packaging is used to protect perishable commodities from temperature fluctuations throughout the distribution process. This is especially crucial for perishable items like frozen and chilled foods that can quickly spoil if the temperature changes.
The necessity for insulated containers is on the rise due to the proliferation of online food delivery services. Meal delivery apps and services have become increasingly popular, so it's important to keep customers happy by delivering meals at the right temperature and in good condition. Growing consumer awareness of sustainability and eco-friendly packaging options has also led to innovations in environmentally friendly insulated packaging materials. As both consumers and businesses grow more environmentally conscious, there has been a rise in demand for packaging options that are recyclable, biodegradable, or made from renewable materials.
Report Coverage
Global Insulated Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulated Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulated Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insulated Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insulated Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulated Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Deutsche Post DHL (Germany), Amcor Ltd. (Australia), I. Du Pont De Nemours and Co. (U.S.) Huhtamaki OYJ (Finland), Sonoco Products Company (U.S.), Exeltainer (Spain), American Aerogel Corporation (U.S.), Thermal Packaging Solutions (Australia), TemperPack (U.S.), Insulated Products Corp (U.S), and Davis Core & Pad Co.(U.S.).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insulated Packaging market based on the below-mentioned segments:
Global Insulated Packaging Market, By Material
Glass
Plastic
Wood
Cupboard
Global Insulated Packaging market, By Application
Food & Beverage
Industrial Goods
Personal Care
Health Care
Others
Global Insulated Packaging Market, By Packaging Type
Box & Container
Flexible Blanket
Bags
Wraps
Others
Global Insulated Packaging market, Regional Analysis
Over the projection period, one of the most important drivers driving the market will be the rising disposable income of people in developing economies. Products are less likely to suffer from temperature and pressure fluctuations or be damaged by handling if they are packaged in insulated containers. Several industries, including the cosmetics, food & beverage, pharmaceutical, and electronics industries, make use of the packaging. Dangerous and flammable, industrial chemicals pose a significant risk in the workplace. These chemicals are stored and transported in large quantities and can be either solid, liquid, or gas.
The spread of globalization has shortened travel times between formerly distant parts of the globe. As a result, international trade between nations is growing. Some products are more susceptible to damage from temperature fluctuations, whereas others are more susceptible to harm from shocks. For items that must be kept at a specific temperature, insulated packing is the only option. Demand for products that must be kept at a specific temperature has risen as the pharmaceutical and food and beverage sectors have flourished.
People's reliance on processed and packaged food goods as well as luxury products is a result of modern lives and high disposable incomes. Foods that have been processed or frozen are often already prepared, saving time and effort for the working population. Items that need to be kept at a constant temperature, such as frozen foods, fish, meat, vegetables, fruits, and medical supplies, require insulated packaging.
Plastic, glass, paper, and metal are in short supply, which has a knock-on effect on the production of insulated materials. Raw material costs from overseas markets rise as a result of currency volatility. Due to fluctuating material and chemical costs, manufacturers of raw materials face stiff competition for profit margins. Polymers, such as polyurethane, polyethylene, and polystyrene, face a significant challenge from the rising cost of crude oil. Manufacturers are increasingly turning to recycled agricultural waste, recycled paper, and recycled plastic due to rising raw material costs. To find suitable replacements for insulated packaging, extensive research and development are needed. Therefore, rising costs of raw materials and the need for sophisticated R&D are limiting market expansion.
The rising demand for packaged goods and ready-to-eat meals has contributed to the expansion of the insulated packaging market. Convenience is a crucial factor in the growing popularity of ready-to-eat meals and packaged goods. As a result, there has been a rise in the need for insulated packaging options that can keep perishable food products at acceptable temperatures during storage and transport. Insulated packaging is used to protect perishable commodities from temperature fluctuations throughout the distribution process. This is especially crucial for perishable items like frozen and chilled foods that can quickly spoil if the temperature changes.
The necessity for insulated containers is on the rise due to the proliferation of online food delivery services. Meal delivery apps and services have become increasingly popular, so it's important to keep customers happy by delivering meals at the right temperature and in good condition. Growing consumer awareness of sustainability and eco-friendly packaging options has also led to innovations in environmentally friendly insulated packaging materials. As both consumers and businesses grow more environmentally conscious, there has been a rise in demand for packaging options that are recyclable, biodegradable, or made from renewable materials.
Report Coverage
Global Insulated Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulated Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulated Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insulated Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Deutsche Post DHL (Germany), Amcor Ltd. (Australia), I. Du Pont De Nemours and Co. (U.S.) Huhtamaki OYJ (Finland), Sonoco Products Company (U.S.), Exeltainer (Spain), American Aerogel Corporation (U.S.), Thermal Packaging Solutions (Australia), TemperPack (U.S.), Insulated Products Corp (U.S), and Davis Core & Pad Co.(U.S.). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Insulated Packaging Market from 2021 to 2030.
- Market Forecast for Insulated Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Insulated Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Insulated Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insulated Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulated Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Deutsche Post DHL (Germany), Amcor Ltd. (Australia), I. Du Pont De Nemours and Co. (U.S.) Huhtamaki OYJ (Finland), Sonoco Products Company (U.S.), Exeltainer (Spain), American Aerogel Corporation (U.S.), Thermal Packaging Solutions (Australia), TemperPack (U.S.), Insulated Products Corp (U.S), and Davis Core & Pad Co.(U.S.).
Primary Target Market
- Market Players of Insulated Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insulated Packaging market based on the below-mentioned segments:
Global Insulated Packaging Market, By Material
Glass
Plastic
Wood
Cupboard
Global Insulated Packaging market, By Application
Food & Beverage
Industrial Goods
Personal Care
Health Care
Others
Global Insulated Packaging Market, By Packaging Type
Box & Container
Flexible Blanket
Bags
Wraps
Others
Global Insulated Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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