PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1251888
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1251888
Global Insulated Shipping Packaging Market Overview
According to SPER Market Research, the Global Insulated Shipping Packaging Market is estimated to reach USD 14.85 billion by 2032 with a CAGR of 6.54%.
Insulated shipping packaging refers to packaging solutions that are designed to protect temperature-sensitive products during transportation. These solutions are used to maintain specific temperature ranges to prevent spoilage or damage to the products during shipping. The packaging is commonly used for shipping perishable items, such as food and beverages, pharmaceuticals, and other temperature-sensitive products. The demand for insulated shipping packaging has been increasing due to the growth of e-commerce and cross-border trade, as well as the rising demand for fresh and frozen foods and pharmaceuticals.
The market for insulated shipping packaging is segmented based on material type, product type, application, and geography. The commonly used materials for insulated shipping packaging include expanded polystyrene (EPS), polyurethane foam (PU), and vacuum insulated panels (VIP). The product types include boxes, containers, bags, and wraps, among others. The applications of insulated shipping packaging include food and beverages, pharmaceuticals, chemicals, and others.
Impact of COVID-19 on the Global Insulated Shipping Packaging Market
The global insulated shipping packaging market has been significantly impacted by the COVID-19 pandemic. Due to the rise in e-commerce and online shopping, along with the increased demand for temperature-sensitive products such as food and pharmaceuticals, the demand for insulated packaging solutions has increased. However, the pandemic has also caused supply chain disruptions and reduced production levels due to lockdowns and travel restrictions.
The shift in consumer behavior towards online shopping has required companies in the insulated shipping packaging market to increase their production capacity and adapt to the changing market conditions. Despite this, there have been challenges such as raw material shortages, increased production costs, and logistic difficulties. Furthermore, the closure of factories and distribution centers has caused delivery delays and impacted the supply chain.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Material Type, By Capacity, By Sales Channel, By End Use
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered
COOL Sarl, Creo pack packaging, Cryopak, Drew foam companies, Harwal groups, Marko foam products, Radwa Corporation, Sofrigam, Sonoco products, Topa thermal
Global Insulated Shipping Packaging Market Segmentation:
By Material Type: Based on the By Material Type, Global Insulated Shipping Packaging Market is segmented as; Polyurethane, Pneumatic, Polystyrene, Extended Polystyrene, Extruded Polystyrene
By Sales Channel: Based on the By Sales Channel, Global Insulated Shipping Packaging Market is segmented as; Specialty/Departmental Stores, Online, Distributors
By End Use: Based on the End Use, Global Insulated Shipping Packaging Market is segmented as; Food and Beverages, Pharmaceuticals, Chemicals, Others
By Region: Asia Pacific led the insulated shippers market, accounting for the most revenue share. Over the projection period, the region is expected to dominate the industry. E-commerce enterprises in Asia Pacific, notably in China, generally use this product for the delivery of fresh produce and processed food.