Global Insulated Packaging Market Overview:
According to the latest report by IMARC Group, titled “Insulated Packaging Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” the global insulated packaging market reached a value of US$ 12.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027.
Insulated packaging refers to the packaging solutions that are utilized for storing and transporting temperature-sensitive products. They are used for maintaining the desired temperature and keeping the contents refrigerated, frozen, and warm. Insulated packaging is available in various forms, such as flexible sheets, pre-formed shapes, boxes, bags, rigid boards, etc. These products are manufactured using expanded polystyrene foam (EPS), polyurethane foam, insulating cement, expanded silica, radiant barrier films, mineral fibers, etc. Insulated packaging offers high resistance to heat transfer, improved durability, mechanical strength, low moisture susceptibility, etc. Consequently, it is used in the production of cosmetics, seafood, ice creams, meats, alcohols, fresh herbs, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Insulated Packaging Market Trends:
The expanding e-commerce sector is primarily driving the insulated packaging market across the globe owing to its utilization in protecting perishable goods from damage caused by temperature variations during storage and transportation. Furthermore, the increasing adoption of insulated packaging solutions for delivering food and beverages to avoid wastage and spillage is also propelling the market growth. In addition to this, several product innovations, such as the development of recycled and recyclable environment-friendly packaging products, are acting as significant growth-inducing factors. Moreover, the escalating integration of omnichannel distribution strategies by manufacturers for expanding their consumer base is projected to catalyze the insulated packaging market over the forecasted period.
Global Insulated Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Amcor plc, Cold Ice Inc., Cryopak (Integreon Global), Deutsche Post AG, Drew Foam of Georgia, DS Smith plc, DuPont de Nemours Inc., Huhtamäki Oyj, Innovative Energy Inc., Marko Foam Products Inc., Sonoco Products Company, The Wool Packaging Company Limited and TP Solutions.
Breakup by Packaging Type:
- Boxes and Containers
- Bags and Pouches
Breakup by Material Type:
- Corrugated Cardboards
Breakup by Packaging Form:
Breakup by Application:
- Food and Beverages
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Also Read: https://techbuzzonly.com/smart-office-market-size-2022-industry-report-by-2027/
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