Dublin, Jan. 11, 2022 (GLOBE NEWSWIRE) -- The "Insulated Packaging Materials Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Material Type (Plastic, Wood, Corrugated Cardboard, and Others), Type (Single Use and Reusable), and End-User (Pharmaceutical, Food & Beverages, Cosmetic, Industrial, and Others)" report has been added to ResearchAndMarkets.com's offering.
The insulated packaging materials market was valued at US$ 11,876.04 million in 2021 and is projected to reach US$ 16,799.84 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.
Rising per capita disposable income, increasing investments in the improvement of cold chain infrastructure, growing end-user industries, and accessibility to medical facilities attribute to the growth of the insulated packaging materials market. In the past few years, the healthcare and pharmaceuticals industries have witnessed an unprecedented rise in demand for temperature-controlled/insulated packaging due to an increase in the demand and transportation of temperature-sensitive pharmaceuticals products and samples.
Temperature-sensitive products mainly belong to the food & beverages and pharmaceuticals industries. Changing consumer lifestyles, rising per capita disposable income, and adoption of convenience products increase the consumption of processed, frozen, and packaged food products. In addition, rising consumer spending on packaged products and increasing global output of temperature-sensitive manufactured goods propel the growth of the insulated packaging materials market.
Based on type, the global insulated packaging materials market is bifurcated into single use and reusable. The reusable segment accounted for a larger market share in 2020 and is expected to register a higher CAGR during the forecast period. Reusable packaging is intended to be used repeatedly or indefinitely for product distribution, transportation, and storage. The use of reusable packaging is increasing due to environmental issues, limited economic reasons, and government support for disposable units. Most insulating packaging solutions are one-time use, which create tons of waste that must be managed and have an undeniable impact on the environment.
However, the reusable refrigerated packaging solution is the solution of the future, which can minimize the environmental impact of transporting cold chain medical devices and reduce costs. In addition, the manufacturers are manufacturing innovative packaging solutions. For instance, Liviri Fresh is a durable, heat-insulated, reusable transport container, and the size is very suitable for holding meal bags and perishable items, such as meat, seafood, fruits and vegetables, and juices. Thus, the growing need for environmentally friendly packaging solutions would boost the demand for reusable insulated packaging materials in the coming years.
Based on region, the insulated packaging materials market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the largest share in the market. The growth of the market in this region is mainly attributed to the rising demand for insulated packaging in countries such as India, China, Japan, and others . Asia-Pacific is one of the largest food and beverages industry due to the high population density and disposable income, and growth in distribution channel in the region.
Furthermore, the demand for frozen food is growing in Asia-Pacific due to busy lifestyle and schedule. The increasing consumer preference toward convenience foods indirectly propels the demand for frozen products as they require less time and effort than cooking any item from scratch. Increasing disposable income is another aspect that has a significant impact on the frozen food market's growth because it boosts consumers' purchasing power. The insulated packaging materials market in Asia-Pacific is driven by an increase in disposable income and demand for frozen foods.
A few key players operating in the insulated packaging materials market are Sealed Air, FEURER Group GmbH, Sancell, The Wool Packaging Company Limited, CoolPac, Cascades Inc., ICEE Containers Pty Ltd, TemperPack, Icertech, and Insulated Products Corporation.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global insulated packaging materials market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Global Insulated Packaging Materials Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Insulated Packaging Materials Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from Pharmaceuticals Industry
5.1.2 Surging Demand for Temperature-Sensitive Products
5.2 Market Restraint
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Industry
5.4 Future Trends
5.4.1 Launch of Bio-Based Insulated Packaging Materials
5.5 Impact Analysis of Drivers and Restraint
6. Insulated Packaging Materials - Global Market Analysis
6.1 Insulated Packaging Materials Market Overview
6.2 Insulated Packaging Materials Market -Revenue and Forecast to 2028
6.3 Competitive Positioning - Key Market Players
7. Insulated Packaging Materials Market Analysis - By Material Type Overview
7.1 Insulated Packaging Materials Market, By Material Type (2020 and 2028)
7.2 Plastic
7.2.1 Overview
7.2.2 Plastic: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
7.3 Wood
7.3.1 Overview
7.3.2 Wood: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
7.4 Corrugated Cardboard
7.4.1 Overview
7.4.2 Corrugated Cardboard: Insulated Packaging Materials Market - Revenue and Forecast to 2028 (USD Million)
7.5 Other Material Type
7.5.1 Overview
7.5.2 Other Material Type: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
7.5.3 Other Material Type: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
8. Insulated Packaging Materials Market Analysis - By Type
8.1 Overview
8.2 Insulated Packaging Materials Market, By Type (2020 and 2028)
8.3 Single Use
8.3.1 Overview
8.3.2 Single Use: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
8.4 Reusable
8.4.1 Overview
8.4.2 Reusable: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
9. Insulated packaging materials Market Analysis - By End User
9.1 Overview
9.2 Insulated packaging materials Market, By Application (2020 and 2028)
9.3 Pharmaceutical
9.3.1 Overview
9.3.2 Pharmaceutical: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
9.4 Food and Beverages
9.4.1 Overview
9.4.2 Food and Beverages: Insulated packaging materials Market - Revenue and Forecast To 2028 (USD Million)
9.5 Cosmetic
9.5.1 Overview
9.5.2 Cosmetic: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Insulated Packaging Materials Market - Revenue and Forecast To 2028 (USD Million)
9.7 Other End User
9.7.1 Overview
9.7.2 Other End User: Insulated packaging materials Market - Revenue and Forecast To 2028 (USD Million)
10. Insulated Packaging Materials Market - Geographic Analysis
11. Overview - Impact of Coronavirus Outbreak
11.1 Impact of COVID-19 on Insulated Packaging Materials Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Sealed Air
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 FEURER Group GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sancell
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 The Wool Packaging Company Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cool Pac
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Cascades inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ICEE Containers Pty Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 TemperPack
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Icertech
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Insulated Products Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
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