Insulated Packaging Market

Global Insulated Packaging Market: Overview

Insulated packaging solutions are extremely important for dealing with loss of energy faced during key stages of supply chains, I.e., storage and transportation. The solutions offered by the manufacturers in the global insulated packaging market feature high heat transfer resistance, cost less, weigh less, and feature low susceptibility to moisture. Furthermore, these products also offer ease in terms of transportation and fabrication, they are immensely durable, and feature excellent mechanical strength. These qualities make the solutions in the global insulated packaging market highly valuable in a wide range of end-use industries. These products are used to safely transport a wide range of temperature sensitive products, such as pharmaceuticals, cosmetics, chemicals, food and beverages, and biologic materials, among others.

These products are used to safely transport highly valuable consumables from players in the electronics, as well as pharmaceutical industries. Increasing demand for safe transportation of temperature-controlled drugs and vaccines, as well as medical devices, is expected to favor the expansion of the global insulated packaging market in coming years. Furthermore, increasing focus of the industry players on adopting a bio-based approach by using wool and cotton materials for insulation is also motivating the market growth.

Global Insulated Packaging Market: Major Trends and Drivers

Rise in the number of eCommerce platforms and websites that deal with online transactions of pharmaceuticals, as well as food and beverage products, is creating an elevated demand for products in the global insulated packaging market. This trend is also bolstered by the growing adoption of insulated packaging solutions by various online grocery companies across the globe. The growing preference of online shopping for food products and groceries was observed during the pandemic. Along with this, the rising demand for ready-to-eat and packaged food products is also supplementing the growth within the global insulated packaging market.

Some other leading drivers for the expansion of the global insulated packaging market include fast paced urbanization, increasing demand for temperature sensitive consumer goods, innovations in packaging technologies, changes in consumer purchasing behaviors brought on by the pandemic, and rising expansion of the global eCommerce industry. Additionally, increasing focus of packaging industry players on research of bio-based materials to reduce the harmful carbon emissions is also anticipated to create new growth avenues in the global insulated packaging market. However, the increase in the cost of raw materials required for insulation, as well as the presence of stringent government standards may hinder the growth of the market in coming years.

Global Insulated Packaging Market: Key Players and Manufacturers

The global insulated packaging market is somewhat fragmented, owing to the rising instances of various leading players in the packaging industry offering insulated packaging products. Some of the key players functional in the global insulated packaging market include Cryopak, DS Smith PLC, Amcor PLC, Davis Core & Pad Company, and Innovative Energy Inc., among others. Players in the global insulated packaging market are focusing on increasing their investments on research and development, in a bid to innovate their product offerings and provide unique and custom solutions to their diversified end users. Moreover, other key strategies employed by the market players to enhance their industry share include mergers and acquisitions.

Global Insulated Packaging Market: Regional Assessment

Asia Pacific accounted for a large share of the global insulated packaging market in the recent past. The same region is also expected to record significant growth in coming years, owing to increasing demand for insulated packaging solutions from regional pharmaceutical and food & beverages sectors, as well as increasing penetration of online grocery shopping platforms and websites. North America insulated packaging market is also expected to witness considerable growth in coming years, owing to rapid expansion of the manufacturing sector in the region and increasing demand from regional pharmaceutical and healthcare industries.