Lewes, Delaware, May 22, 2024 (GLOBE NEWSWIRE) -- The Global Insulated Packaging Market is projected to grow at a CAGR of 6.6% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 12.92 Billion in 2024 and is expected to reach USD 21.47 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Insulated Packaging Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Amcor, Cryopak, Sonoco Products Company, Huhtamaki, DS Smith, The Woolpack Company, Marko Foam Products. |
| SEGMENTS COVERED | By Product Type, By Material Type, By End-Use Industry, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Insulated Packaging Market Overview
Increasing Demand for Temperature-Sensitive Products: The growth of the insulated packaging market is driven by the increasing need for temperature-controlled solutions in the pharmaceutical and food sectors. The expansion of biologics, vaccines, and perishable food items requires the use of sophisticated insulated packaging to guarantee the preservation of product quality. The increase in demand drives the growth of the market, emphasising the need of insulated packaging in preserving product quality throughout transportation.
Growth of E-commerce and Online Grocery Deliveries: The growth of e-commerce, particularly in the online grocery delivery sector, has a substantial impact on the insulated packaging market. Consumers have a strong desire for delivery that are both fresh and safe, leading businesses to implement insulated packaging. This trend not only improves customer happiness but also creates new opportunities for packaging makers to innovate and gain a larger portion of the market.
Advances in Packaging Technology: The insulated packaging market has been revolutionised by technological improvements in materials and design. Phase change materials and vacuum insulated panels improve thermal efficiency and save weight. These enhancements address the changing requirements of organisations by providing advanced solutions that guarantee product safety and adherence to industry regulations.
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High Costs of Insulated Packaging Materials: The market for insulated packaging is challenged by the high cost of modern materials, despite its advantages. These expenses may discourage enterprises, particularly smaller ones with tighter budgets, from implementing insulated solutions. This restriction hinders the expansion of the market since businesses may choose less costly but ineffective substitutes.
Environmental Concerns and Regulatory Challenges: Significant limitations are imposed by environmental concerns over the recycling and disposal of insulated packaging materials. Businesses are forced to look for environmentally friendly solutions by stricter rules on packaging waste and sustainability obligations. The market's potential for expansion is constrained by the expense and complexity of complying with these laws.
Competition from Alternative Packaging Solutions: Alternative packaging options include gel packs, foam inserts, and reusable containers compete with insulated packaging on the market. Businesses searching for effective and sustainable solutions may find these alternatives interesting because they can provide both financial and environmental benefits. This rivalry may restrict market penetration and cause insulated packaging adoption to lag.
Geographic Dominance:
North America's strong food and pharmaceutical industries contribute to its considerable market dominance in the insulated packaging space. The region's highly sought-after temperature-sensitive items and sophisticated logistics infrastructure support market expansion. The requirement for products to meet strict safety and quality standards is another factor driving the use of insulated packaging. Because of its advantageous location, North America is positioned to be a major player in the market, setting standards for the sector and fostering innovation.
Insulated Packaging Market Key Players Shaping the Future
Major players, including Amcor, Cryopak, Sonoco Products Company, Huhtamaki, DS Smith, The Woolpack Company, Marko Foam Products. and more, play a pivotal role in shaping the future of the Insulated Packaging Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Insulated Packaging Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Insulated Packaging Market into Product Type, Material Type, End-Use Industry, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Insulated Packaging Market, please Contact Verified Market Research®.
- Insulated Packaging Market, by Material Type
- Expanded Polystyrene (EPS)
- Polyurethane (PU)
- Polyethylene (PE)
- Others
- Insulated Packaging Market, by Product Type
- Boxes & Containers
- Bags & Pouches
- Wraps & Blankets
- Others
- Insulated Packaging Market, by End-Use Industry
- Food & Beverage
- Pharmaceuticals
- Healthcare
- Chemicals
- Others
- Insulated Packaging Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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