Market Research Report
Insulated Packaging - Global Market Outlook (2019 -2027)
|Insulated Packaging - Global Market Outlook (2019 -2027)|
Published: March 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Insulated Packaging Market is accounted for $10.88 billion in 2019 and is expected to reach $21.21 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Surging demand for temperature-sensitive goods and increasing global urban population are the major factors propelling the market growth. However, stringent government regulations are hampering the market growth.
Insulated packaging comprises a combination of materials that have low thermal conductivity and are heat-resistant or poor conductors of heat. Insulation packaging is vital for combating energy losses during transportation and storage. Insulated packaging is regarded as the optimum solution for keeping products refrigerated, frozen, and warm, and for reducing the effects of variable temperature.
Based on the application, the cosmetics segment is going to have a lucrative growth during the forecast period owing to the increasing cosmetics demand because of the high consumer's purchasing power, and also insulated packaging for cosmetics is intended to keep the contents of the package safe from external damage. By geography, Asia Pacific is estimated to have a huge demand due to the growing utilization of insulated packaging in the food and beverages sector and pharmaceuticals industries in countries including Japan, China, and India.
Some of the key players profiled in the Insulated Packaging Market include: Cold Chain Technologies, Cryopak, Deutsche Post DHL, E.I. Du Pont De Nemours and Co, Huhtamaki OYJ, International Paper, Nippon Paper Group, Polar Tech Industries Inc., Sonoco Products, Suzhou Star New Material Co., Ltd, Thermal Packaging Solutions, Amcor Limited, Constantia Flexibles, Greiner Group, Innovia Films, Sofrigam, and Winpak.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.