Dublin, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The "Insulated Packaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material, By Packaging Type, By Type, By Application, By Region, and Competition" report has been added to ResearchAndMarkets.com's offering.
Global insulated packaging market is set to witness considerable growth by 2028, propelled by intensifying demand from key sectors such as food & beverages and electronics. The surge in retail food and beverage sales, with the United States market alone reaching around USD 880 billion in 2021, underscores the increasing reliance on advanced packaging solutions.
Insulated packaging gains prominence across multiple industries for its effectiveness in protecting products from temperature fluctuations, physical damage, and other harmful external factors. The rapid expansion of e-commerce and higher living standards in emerging economies are key factors expected to drive market growth in the forthcoming years.
Amplified Demand within Food & Beverage Sector
The flourishing packaged food industry and a growing preference for ready-to-eat meals necessitate advanced packaging technology to maintain the quality, safety, and shelf life of food products. The insulated packaging market is witnessing significant demand for solutions that ensure a thermally regulated environment for perishables, a crucial requirement in today's trend of online food orders and grocery deliveries.
Electronics Industry Spurs Market Expansion
The need for secure transportation of sensitive and high-value electronic items further bolsters the insulated packaging market. Electronic products, particularly those with batteries, require secure insulation to prevent short-circuiting during shipment, which has been highlighted by the increase in exports and imports of electronic products.
Flexible Packaging: The Dominant Market Shareholder
Flexible packaging is increasing in popularity due to its convenience, resealability, lightweight design, and reduced environmental impact. Factors such as the packaging of ready-to-eat food items and vegetables are supporting the segment growth, positioning flexible packaging as a significant contributor to the overall market development.
Recent Developments in the Insulated Packaging Arena
- Innovative 100% recyclable insulated boxes by Pitreavie Packaging Group
- Cryopak's new packaging facility in Atlanta enhancing production capabilities
- Stora Enso's introduction of new bio-based, fully recyclable thermal foam
- Softbox's launch of the eco-friendly, cardboard-insulated eco chill box
Competitive landscape
Company Profiles: Detailed analysis of the major companies present in the global Insulated Packaging market.
- Sonoco Products Co
- DuPont de Nemours, Inc.
- Cryopak Industries Inc
- The Wool Packaging Company Limited
- Cascades Inc.
- DS Smith PLC
- Innovative Energy Inc.
- Marko Foam Products, Inc.
- Thermal Packaging Solutions Ltd.
- Insulated Products Corporation
Report Scope:
Insulated Packaging Market, By Material:
- Plastic
- Metal
- Wood
- Corrugated Cardboards
- Others
Insulated Packaging Market, By Packaging Type:
- Box & Container
- Flexible Blanket
- Bags
- Wraps
- Others
Insulated Packaging Market, By Type:
- Rigid
- Flexible
- Semi-rigid
Insulated Packaging Market, By Application:
- Food & Beverages
- Pharmaceutical
- Cosmetic
- Others
Insulated Packaging Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Vietnam
- South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
For more information about this report visit https://www.researchandmarkets.com/r/f134id
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