Global Insulated Packaging Market To Grow At A CAGR Of 5.5% By 2030

The global insulated packaging market size was worth around USD 14.2 billion in 2021 and is predicted to grow to around USD 23.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.

The packaging options used to store and transport temperature-sensitive goods are referred to as insulated packaging. It is used to maintain the desired temperature as well as to keep the contents cold, warm, and refrigerated. Flexible sheets, pre-formed shapes, boxes, bags, flexible blankets, and rigid boards are all common types of insulated packaging. Expanded polystyrene foam (EPS), polyurethane foam, insulating cement, expanded silica, radiation barrier films, and mineral fibers are used in their production. High heat transfer resistance, improved durability, mechanical strength, and minimal moisture susceptibility are all features of the package. They are so commonly employed in a variety of goods, including cosmetics, seafood, ice cream, meats, alcoholic beverages, fresh herbs, and gourmet cuisine.

One of the main factors fostering a positive outlook for the global insulated packaging market is the significant global growth of the e-commerce sector. Perishable items are frequently stored and transported in insulated packaging to prevent damage from temperature changes. Additionally, market growth is being boosted by the increased use of insulated packaging options for delivering food and beverages without spilling or wasting any. There is a trend in customer preference toward processed and packaged ready-to-eat food products as a result of changing lifestyles and dietary habits.

Insulated packaging helps to keep the food fresh and suitable for eating while also assisting in maintaining a steady temperature. Additional growth-promoting aspects include a variety of product breakthroughs, such as the creation of recyclable and recycled packaging items. Manufacturers of goods are now providing insulated packaging solutions that may be customized and personalized for better branding services, which is also promoting market expansion. The market is expected to increase as a result of several other factors, including the rising demand for insulated packaging to keep vaccines, blood samples, and medications, as well as the adoption of omnichannel distribution strategies by businesses for their goods.

The global Insulated Packaging market is segmented based on material, type, application, and region.

Based on the application, the market is segmented into cosmetic, pharmaceutical, industrial, food & beverages, and others. The food & beverages segment held the largest market share in 2021 and is expected to continue this pattern during the forecast period. The growth rate is driven by a variety of variables, including a rise in the demand for packaged foods and an increase in the consumption of ready-to-eat foods. For food safety and quality to be maintained throughout the distribution process, frozen foods must be transported and stored properly.

Frozen food packs need to be built, thermally insulated, and supplied with enough coolants to keep the product's continuous temperature at or below 0°C (32°F). Insulated shipping boxes are necessary because they restrict the transfer of heat from the outside to the inside of the package, delaying the moment when the temperature within the container is at equilibrium with the surrounding air. Thus, driving the market growth over the forecast period.

Geographically, the global insulated packaging market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the dominating region in the insulated packaging market owing to increasing end-user applications. It is emerging as an attractive market for insulated packaging owing to the rising industrial network across the region. Developing countries such as India and China are anticipated to witness rapid growth shortly. Furthermore, North America is also struggling to gain a larger market chunk in the future. Changing consumer preferences and online marketing also positively impact the market in this region. Western Europe is promisingly holding a potential market share in the global market. Emerging countries such as Brazil and Indonesia will spur the market in the future.

This review is based on a report by Zion Market Research, titled “Insulated Packaging Market By Material (Corrugated Cardboards, Metal, Glass, Plastic and Others), By Type (Rigid, Flexible, and Semi-rigid), By Application (Cosmetic, Pharmaceutical, Industrial, Food & Beverages, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/insulated-packaging-market

Recent Development:

• In July 2022, the chilled packaging division of Pitreavie Packaging Group specialist launches a fully recyclable insulated box and has created an insulated packaging solution described as being 100% kerbside recyclable.

The global Insulated Packaging market is dominated by players like:

• Sonoco
• Exeltainer
• American Aerogel
• Amcor
• Innovative Energy
• TP Solutions
• Deutsche Post DHL
• Providence Packaging
• TemperPack
• Huhtamaki
• Laminar Medica
• WoolCool
• JB Packaging
• Cold Ice
• Ecovative
• Marko Foam Products
• Davis Core
• IPC Pack
• DuPont

The global insulated packaging market is segmented as follows:

By Material

• Corrugated Cardboards
• Metal
• Glass
• Plastic
• Others

By Type

• Rigid
• Flexible
• Semi-rigid

By Application

• Cosmetic
• Pharmaceutical
• Industrial
• Food & Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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