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Global Insulated Shippers Market size was valued at USD 7.08 billion in 2022 and is poised to grow from USD 7.9 billion in 2023 to USD 17.79 billion by 2030, growing at a CAGR of 12.2% during the forecast period (2023-2030).
Drivers
Increasing demand for temperature-sensitive pharmaceutical products
One key driver of the global insulated shippers market is the increasing demand for temperature-sensitive pharmaceutical products. With the rising prevalence of chronic diseases and the aging population in various countries, there is a growing need for reliable transportation and storage solutions for vaccines, blood, and temperature-sensitive drugs. Insulated shippers provide the necessary temperature control and protection to ensure the efficacy and integrity of these pharmaceutical products during transit, driving their demand in the market.
Restraints
Emergence of modified atmosphere packaging (MAP) technology
One significant restraint in the global insulated shippers market is the emergence of modified atmosphere packaging (MAP) technology. MAP offers an alternative solution for preserving the freshness and extending the shelf life of food products by controlling the gas blend within the packaging. This technology reduces the reliance on insulated shippers for certain perishable goods. However, the high cost associated with MAP implementation acts as a restraining factor. Many clients, especially small-scale businesses, may find the cost prohibitive, limiting the widespread adoption of MAP and maintaining the demand for insulated shippers. Additionally, the established infrastructure and familiarity with insulated shippers in certain industries may also slow down the transition towards MAP.
The global market for insulated shippers is experiencing growth due to the increasing demand for organic fruits and vegetables worldwide. Organic farming methods are being widely employed to cultivate a diverse range of food products, and insulated shippers play a crucial role in preserving the freshness of these perishable items during transportation. Another significant factor fueling the demand for insulated shippers is the rising global demand for pharmaceutical products. The pharmaceutical market is expanding due to the prevalence of chronic diseases and the growing aging population in countries such as China and Japan. Insulated shippers are essential for transporting temperature-sensitive drugs, blood, and vaccines. Large organizations like Sonoco Products Company and Sealed Air directly source raw materials from manufacturers through annual contracts, while smaller companies procure materials based on their specific requirements from either manufacturers or distributors. The choice of liner material, such as paper, EPS, or metalized bubble wrap, depends on the intended application area during the manufacturing process. Key manufacturers in the insulated shippers market include ABBE CORRUGATED PTY. LTD., Sonoco Products Company, ICEE insulated folding boxes, and CP Cases Ltd. These manufacturers primarily cater to the food and pharmaceutical industries. The global population is projected to increase by 1.24% annually until 2030, with the proportion of people aged 65 to 80 expected to rise to 28% by 2030. This aging population will require more medical assistance, leading to a higher demand for pharmaceuticals and consequently driving the demand for insulated shippers. Countries such as Japan, China, Italy, and Germany are experiencing a significant rise in the aging population. However, the development of modified atmosphere packaging (MAP) is gaining traction in the industry and may limit the use of insulated shippers in the future. MAP helps preserve the freshness and extend the shelf life of food products by controlling the gas blend inside the packaging. Despite its advantages, the high cost of MAP technology is currently discouraging clients from adopting it as a solution.
Analysis by Type
By type, the market can be segmented into expanded polystyrene (eps), and polyurethane (pu). Expanded Polystyrene (EPS) insulated shippers dominated the market. EPS shippers offer several advantages, including lightweight construction, cost-effectiveness, and excellent thermal insulation properties. These shippers are widely utilized for transporting temperature-sensitive products across various industries. The segment dominance is due to its wide range of applications and affordability. Industries such as pharmaceuticals, food and beverage, and chemicals extensively rely on EPS insulated shippers to maintain the desired temperature during product transportation. EPS shippers are particularly popular for shorter distances or when cost considerations are paramount.
Polyurethane (PU) insulated shippers represent the fastest-growing segment in the market. PU shippers offer exceptional insulation performance, making them a preferred choice for long-distance shipping of highly sensitive products, especially in the pharmaceutical and biotechnology sectors. The PU segment's growth can be attributed to the increasing demand for temperature-controlled transportation solutions, stringent regulations governing product integrity, and the expanding global pharmaceutical industry. PU insulated shippers provide superior thermal insulation, ensuring that pharmaceuticals, biologics, and other temperature-sensitive products maintain their integrity and efficacy throughout the supply chain.
Analysis by Application
By application, the market is segmented into pharmaceuticals and biotechnology, food and beverage, and chemicals. The pharmaceuticals and biotechnology segment is the dominating segment in the insulated shippers market. Insulated shippers play a critical role in maintaining the temperature integrity of pharmaceutical products, biologics, vaccines, and other sensitive medical supplies during transportation.
The food and beverage segment represents the fastest-growing segment in the insulated shippers market. Insulated shippers are crucial for preserving the freshness and quality of perishable goods during transportation. The demand for insulated shippers in the food and beverage industry is driven by the growth of e-commerce, online grocery shopping, and meal kit deliveries. With consumers increasingly seeking convenience and fresh produce delivered to their doorsteps, companies must ensure that perishable food items, such as seafood, dairy products, and frozen foods, maintain their desired temperatures throughout the supply chai
Report Coverage
Global Insulated Shippers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulated Shippers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulated Shippers 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 Shippers 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 Shippers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulated Shippers 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
Sonoco Products Company (US), Sealed Air Corporation (US), Cryopak Industries Inc. (US), Pelican BioThermal LLC (US), Cold Chain Technologies LLC (US), ABBE CORRUGATED PTY. LTD. (Australia), Inmark Packaging (US), Marko Foam Products Inc. (US), Langston Companies, Inc. (US), Intelsius Limited (UK), Tempack Packaging Solutions, S.L. (Spain), Sofrigam SA (France), Softbox Systems Ltd. (UK), TKT GmbH (Germany), Thermosafe Brands (US), AmerisourceBergen Corporation (US), Cold Chain IQ (US), Nordic Cold Chain Solutions (US), RPS Packaging (US), Davis Core & Pad Company (US)
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 Shippers market based on the below-mentioned segments:
Global Insulated Shippers Market, By Type
Expanded Polystyrene (EPS)
Polyurethane (PU)
Global Insulated Shippers market, By Application
Pharmaceuticals and Biotechnology
Food and Beverage
Chemicals
Global Insulated Shippers market, Regional Analysis
Drivers
Increasing demand for temperature-sensitive pharmaceutical products
One key driver of the global insulated shippers market is the increasing demand for temperature-sensitive pharmaceutical products. With the rising prevalence of chronic diseases and the aging population in various countries, there is a growing need for reliable transportation and storage solutions for vaccines, blood, and temperature-sensitive drugs. Insulated shippers provide the necessary temperature control and protection to ensure the efficacy and integrity of these pharmaceutical products during transit, driving their demand in the market.
Restraints
Emergence of modified atmosphere packaging (MAP) technology
One significant restraint in the global insulated shippers market is the emergence of modified atmosphere packaging (MAP) technology. MAP offers an alternative solution for preserving the freshness and extending the shelf life of food products by controlling the gas blend within the packaging. This technology reduces the reliance on insulated shippers for certain perishable goods. However, the high cost associated with MAP implementation acts as a restraining factor. Many clients, especially small-scale businesses, may find the cost prohibitive, limiting the widespread adoption of MAP and maintaining the demand for insulated shippers. Additionally, the established infrastructure and familiarity with insulated shippers in certain industries may also slow down the transition towards MAP.
The global market for insulated shippers is experiencing growth due to the increasing demand for organic fruits and vegetables worldwide. Organic farming methods are being widely employed to cultivate a diverse range of food products, and insulated shippers play a crucial role in preserving the freshness of these perishable items during transportation. Another significant factor fueling the demand for insulated shippers is the rising global demand for pharmaceutical products. The pharmaceutical market is expanding due to the prevalence of chronic diseases and the growing aging population in countries such as China and Japan. Insulated shippers are essential for transporting temperature-sensitive drugs, blood, and vaccines. Large organizations like Sonoco Products Company and Sealed Air directly source raw materials from manufacturers through annual contracts, while smaller companies procure materials based on their specific requirements from either manufacturers or distributors. The choice of liner material, such as paper, EPS, or metalized bubble wrap, depends on the intended application area during the manufacturing process. Key manufacturers in the insulated shippers market include ABBE CORRUGATED PTY. LTD., Sonoco Products Company, ICEE insulated folding boxes, and CP Cases Ltd. These manufacturers primarily cater to the food and pharmaceutical industries. The global population is projected to increase by 1.24% annually until 2030, with the proportion of people aged 65 to 80 expected to rise to 28% by 2030. This aging population will require more medical assistance, leading to a higher demand for pharmaceuticals and consequently driving the demand for insulated shippers. Countries such as Japan, China, Italy, and Germany are experiencing a significant rise in the aging population. However, the development of modified atmosphere packaging (MAP) is gaining traction in the industry and may limit the use of insulated shippers in the future. MAP helps preserve the freshness and extend the shelf life of food products by controlling the gas blend inside the packaging. Despite its advantages, the high cost of MAP technology is currently discouraging clients from adopting it as a solution.
Analysis by Type
By type, the market can be segmented into expanded polystyrene (eps), and polyurethane (pu). Expanded Polystyrene (EPS) insulated shippers dominated the market. EPS shippers offer several advantages, including lightweight construction, cost-effectiveness, and excellent thermal insulation properties. These shippers are widely utilized for transporting temperature-sensitive products across various industries. The segment dominance is due to its wide range of applications and affordability. Industries such as pharmaceuticals, food and beverage, and chemicals extensively rely on EPS insulated shippers to maintain the desired temperature during product transportation. EPS shippers are particularly popular for shorter distances or when cost considerations are paramount.
Polyurethane (PU) insulated shippers represent the fastest-growing segment in the market. PU shippers offer exceptional insulation performance, making them a preferred choice for long-distance shipping of highly sensitive products, especially in the pharmaceutical and biotechnology sectors. The PU segment's growth can be attributed to the increasing demand for temperature-controlled transportation solutions, stringent regulations governing product integrity, and the expanding global pharmaceutical industry. PU insulated shippers provide superior thermal insulation, ensuring that pharmaceuticals, biologics, and other temperature-sensitive products maintain their integrity and efficacy throughout the supply chain.
Analysis by Application
By application, the market is segmented into pharmaceuticals and biotechnology, food and beverage, and chemicals. The pharmaceuticals and biotechnology segment is the dominating segment in the insulated shippers market. Insulated shippers play a critical role in maintaining the temperature integrity of pharmaceutical products, biologics, vaccines, and other sensitive medical supplies during transportation.
The food and beverage segment represents the fastest-growing segment in the insulated shippers market. Insulated shippers are crucial for preserving the freshness and quality of perishable goods during transportation. The demand for insulated shippers in the food and beverage industry is driven by the growth of e-commerce, online grocery shopping, and meal kit deliveries. With consumers increasingly seeking convenience and fresh produce delivered to their doorsteps, companies must ensure that perishable food items, such as seafood, dairy products, and frozen foods, maintain their desired temperatures throughout the supply chai
Report Coverage
Global Insulated Shippers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulated Shippers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulated Shippers 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 Shippers 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 | Sonoco Products Company (US), Sealed Air Corporation (US), Cryopak Industries Inc. (US), Pelican BioThermal LLC (US), Cold Chain Technologies LLC (US), ABBE CORRUGATED PTY. LTD. (Australia), Inmark Packaging (US), Marko Foam Products Inc. (US), Langston Companies, Inc. (US), Intelsius Limited (UK), Tempack Packaging Solutions, S.L. (Spain), Sofrigam SA (France), Softbox Systems Ltd. (UK), TKT GmbH (Germany), Thermosafe Brands (US), AmerisourceBergen Corporation (US), Cold Chain IQ (US), Nordic Cold Chain Solutions (US), RPS Packaging (US), Davis Core & Pad Company (US) |
| 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 Shippers Market from 2021 to 2030.
- Market Forecast for Insulated Shippers 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 Shippers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Insulated Shippers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insulated Shippers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulated Shippers 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
Sonoco Products Company (US), Sealed Air Corporation (US), Cryopak Industries Inc. (US), Pelican BioThermal LLC (US), Cold Chain Technologies LLC (US), ABBE CORRUGATED PTY. LTD. (Australia), Inmark Packaging (US), Marko Foam Products Inc. (US), Langston Companies, Inc. (US), Intelsius Limited (UK), Tempack Packaging Solutions, S.L. (Spain), Sofrigam SA (France), Softbox Systems Ltd. (UK), TKT GmbH (Germany), Thermosafe Brands (US), AmerisourceBergen Corporation (US), Cold Chain IQ (US), Nordic Cold Chain Solutions (US), RPS Packaging (US), Davis Core & Pad Company (US)
Primary Target Market
- Market Players of Insulated Shippers
- 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 Shippers market based on the below-mentioned segments:
Global Insulated Shippers Market, By Type
Expanded Polystyrene (EPS)
Polyurethane (PU)
Global Insulated Shippers market, By Application
Pharmaceuticals and Biotechnology
Food and Beverage
Chemicals
Global Insulated Shippers 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
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