Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.2 Billion | USD 23.1.Billion | 5.5% | 2021 |
FrequentlyAsked Questions
One of the main factors fostering a positive outlook for the market is the significant global growth of the e-commerce sector. Perishable goods are frequently stored and transported in insulated packaging to prevent damage from temperature changes.
According to the report, the global 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 global insulated packaging market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing use of online grocery shopping platforms and websites, as well as the rising demand for insulated packaging solutions from the regional food and beverage and pharmaceutical industries.
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, and DuPont, among others.
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