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Global Insulated Packaging Market to Reach US$ 18.0 Billion by 2027, Impelled by Rising Product Demand from E-Commerce Industry

Published on Sep 26, 2022

According to the latest report by IMARC Group, titled "Insulated Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global insulated packaging market reached a value of US$ 12.9 Billion in 2021. Insulated packaging is a packaging solution that is widely utilized for shipping temperature-sensitive products, such as seafood, pharmaceutical drugs, meats, chocolates, wines, dairy products, fresh vegetables, flowers and herbs and gourmet meals. It is mainly adopted to maintain the condition, appearance and chemical composition of the packaged product. Its usage also helps ensure no efficacy is lost during the transit while safeguarding the packed items from external temperatures and physical damage. The demand for insulated packaging solutions is increasing across the globe due to its property of controlling and documenting the required temperature of the product throughout the distribution cycle.

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.

Global Insulated Packaging Market Trends:

The global market is primarily driven by significant growth in the e-commerce industry. Along with this, the rising proliferation of online grocery stores and the advent of home delivery models are providing a boost to the demand for insulated packaging solutions. In line with this, the growing preference for ready-to-eat and frozen food products due to the changing dietary patterns and shifting lifestyle preferences of the masses are significantly supporting the product uptake on the global level. Moreover, the increasing investments in the manufacturing of pharmaceutical drugs and vaccines on account of the growing prevalence of chronic diseases and infections are creating a positive market outlook. Additionally, the rising spending by numerous leading players to offer a bio-based approach of packaging in an attempt to reduce carbon emissions is impacting the market growth favorably. Other factors, including rapid urbanization, the increasing number of research laboratories and clinical trials, and extensive research and development (R&D) activities conducted by key players, are also influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 18.0 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027.

Market Summary:

  • On the basis of the packaging type, the market has been segmented into boxes and containers, bags and pouches, wraps and others.
  • Based on the material type, the market has been segregated into corrugated cardboards, metal, glass, plastic and others.
  • On the basis of the packaging form, the market has been categorized into rigid, flexible and semi-rigid.
  • Based on the application, the market has been classified into cosmetic, pharmaceutical, food and beverages, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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.
     

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