Market Research Report
Global Insulated Packaging Market, 2013-2023
|Global Insulated Packaging Market, 2013-2023|
Published: January 1, 2020
Delivery time: Inquiry
The insulated packaging constricts heat dissipation via convection, conduction and radiation. Lower heat transfer rates help in controlling any deterioration caused by transit. These materials were increasingly becoming unpopular due to their environmentally hazardous properties. The newer materials are usually made of natural fiber and hence are cost effective and environmentally sustainable. As compared to foam, these materials are recyclable, biodegradable and compostable.
The global insulated packaging market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global insulated packaging market is growing at a fast pace and increasing its geographical footprint rapidly. The global insulated packaging market is valued at US $ xx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xx million dollars by the end of 2023 in value.
High disposable income and increasing healthcare awareness among consumers has led to the rise in global demand for Fast Moving Consumer Goods (FMCG) and product safety, thereby driving the market growth further. Owing to its value added applications in industries such as healthcare and food & beverages, the market for fresh food packaging is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focus more on delivering the product intact in the local market.
However, sustainability of the insulated packaging market majorly depends on the price and supply of raw materials. Presence of big and small packaging firms has created a highly competitive environment for players operating in the insulated packaging market.
Some of the major players in the global insulated packaging market are, Huhtamaki OYJ, Thermal Packaging Solutions, Amcor Limited, Cryopak, Sonoco Products Company, Dupont, Innovative Energy, Inc., American Aerogel, Davis Core & Pad Company, Marko Foam Products, The Wool Packaging Company Limited, DS Smith Plastics, and Providence Packaging, among others.
The research procedure begins with the bifurcation of various market segments of global insulated packaging market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across insulated packaging industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)