The Global Insulated Packaging Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Insulated Packaging market is segmented by Material Type (Plastic, Wood, Corrugated Cardboard, Glass); Application (Food & Beverages, Industrial, Pharmaceutical, Cosmetics, and Others); Packaging type; Geography (North America, Europe, APAC, and ROW).
Introduction
Insulation packaging is vital for combating energy losses during transportation and storage. They possess high resistance to heat transfer, low cost, low weight, low moisture susceptibility, ease of fabrication and transportation, durability, and mechanical strength.
Factors such as growing concern towards product performance and safety, advancement in the pharmaceutical industry, evolving packaging industry are some of the key reasons that are driving the market. However, the increasing raw material costs are hindering the market demand.
Despite the current pandemic situation, the end-users of this market are recovering from operating in full capacities from 2021 beginning. Along with this, the recovering manufacturing activities across the globe are expected to mitigate numerous potential negative impacts caused during COVID-19 and maximize their opportunities in the future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Changing lifestyle and rise in disposable income
10.2 Rising consumption of perishables and shift to greener materials
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Amcor
15.2 Cryopak
15.3 Davis Core & Pad Company
15.4 DS Smith
15.5 Innovative Energy
15.6 Marko Foam Products
15.7 Sonoco Products
15.8 Providence Packaging
15.9 DuPont
15.10 Thermal Packaging Solutions
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global insulated packaging market is expected to grow to $17.10 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 7.16% CAGR.
Pharmaceutical is one of the major end users of these insulated packaging as the product is sensitive to temperature.
APAC is a prominent regional market due to rising population, increasing income levels, urbanization, changing lifestyles, increasing internet penetration, and growing economy,
Key Trends
The demand for bio-based raw materials in insulated packaging manufacturing is increasing, which is anticipated to provide lucrative demand during the forecast period.
Increasing investment in the development of new & innovative insulated packaging material is propelling the market.
Key Market Players
Some of the key players in the market are Cryopak, Davis Core & Pad Company, DS Smith, Innovative Energy, Marko Foam Products, Amcor.
The presence of multiple vendors in the insulated packaging market makes it highly competitive. The companies are investing in their R&D to develop innovative packaging solutions so that their solutions cater to the needs of the growing demands of various end-users.
Growth Drivers and Challenges
Changing lifestyle and rise in disposable income is driving the market growth.
Rising consumption of perishables and shift to greener materials is one of the drivers of the market
Growth in E-Commerce is also significantly catalyzing market growth.