PUBLISHER: Allied Market Research | PRODUCT CODE: 1193289
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193289
The global insulated shipping packaging market size was valued at $7,386.9 million in 2021, and is projected to reach $13,729.8 million by 2031, registering a CAGR of 6.3% from 2022 to 2031. Insulated shipping packaging includes several types of packaging mediums including small boxes and large shipping containers. Insulated shipping packaging prevents the spoiling of temperature-sensitive products during their transportation by creating thermal insulation around the products; thereby, restricting the heat exchange inside and outside the packaging.
Food & beverage, and personal care products industries have witnessed a rise in demand, owing to surge in disposable income and growth and growth of e-commerce. These industries, which are the end-users of insulated shipping packaging, are anticipated to drive the demand in the insulated shipping packaging market. The pharmaceutical industry is also witnessing significant growth owing to the increasing population. Pharmaceutical industry being a major user of insulated shipping packaging is anticipated to significantly increase the demand in the insulated shipping packaging market. Moreover, increasing industrialization, and growing domestic and international trade are expected to provide lucrative growth opportunities for the growth of insulated shipping packaging market.
The insulated shipping packaging market is segmented on the basis of product type, business, application and region. By product type, the market is bifurcated into containers, and boxes. By business, the market is categorized into warehousing, and transportation. On the basis of application, it is categorized into food and beverage, industrial goods, personal care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as partnership and product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the insulated shipping packaging market report include COOL Sarl, CREOPACK, Drew Foam Companies, Inc., Harwal Group, Integreon Global (Cryopak), Marko Foam Products, Sofrigam, Sonoco Products Company, Topa Thermal, and W.W. Grainger, Inc.
Key Benefits For Stakeholders
By Product type
By Business
By Application
By Region