Insulated Packaging Market worth USD 18.68 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Insulated Packaging Market by Material (Plastic, Wood, Glass, and Other Materials), by Product (Pouch and Bags, Box and Containers, and Other Product Types), by End-Users (Food & Beverages, Industrial, Pharmaceuticals, Beauty & Personal Care, and Other End-user Applications), by Region – Global Share and Forecast to 2027". In 2020, the global insulated packaging market was USD 14.1 billion and expected to grow USD 18.68 billion by 2027, at a CAGR of 5.7% during the forecast period. With the introduction of always-on e-commerce, the demand for perishables and the need to keep them fresh has been increasing. With a relatively mature market across developed nations, the packaging innovation has not stopped as the established players have set out clear rules. The allied e-commerce market has led the drive, wherein Amazon-like players have shifted to a single-day delivery model for low-cost items. With increasing investments across grocery start-ups and a growing cash flow from Asian economies on delivery of pharmacy supplies direct to consumers, this is expected to increase the respective packaging format to change. Despite a Chinese economic slowdown, a shift in purchasing power has been fueled by the growing number of consumers gaining access to e-commerce. Moreover, the digital buyer penetration worldwide increased from 42.7% in 2014 to 47.3% in 2018, according to Invesp.

Global Insulated Packaging Market Segmentation

The overall insulated packaging market has been segmented into the material, product, end-users, and region.

• By Material (Plastic, Wood, Glass, and Other Materials)
• By Product (Pouch and Bags, Box and Containers, and Other Product Types)
• By End-Users (Food & Beverages, Industrial, Pharmaceuticals, Beauty & Personal Care, and Other End-user Applications)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Box and containers, by product type, is estimated to hold the largest market share during the forecast period

Based on product, the global insulated packaging market is segregated into pouch and bags, box and containers, and other product types. The box and containers segment generated the highest revenue of 53.3% of the global insulated packaging market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Paper-based boxes and containers have low thermal conductivity and may form thermally insulating packaging. There is a growing market for insulated packaging boxes for food delivery.

Box reusable insulated shippers are increasingly designed to utilize simple packaging configurations, reduce operational complexity, and optimize the total cost of ownership. Several market incumbents are offering simple design and modular box formats to increase reclamation and refurbishment efficiencies. Furthermore, the market demand is majorly driven by the need to ensure the efficacy of valuable temperature-sensitive products and maintain regulatory compliance throughout distribution.

Don't miss out on business opportunities in the Insulated Packaging Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

North America accounts for the largest market share in insulated packaging market 2020

Based on the regions, the global insulated packaging market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 33.2% in the global insulated packaging market and was anticipated to maintain its dominance throughout the forecast period. Because of the increasing number of retail food chains, their development, and the developing e-commerce sector, the United States will dominate the insulated packaging market. In the country, eCommerce is expanding at a rapid rate, placing pressure on conventional retail.

Insulated packaging is becoming more popular in Canada. Many businesses in the nation use insulated packaging for their products. For example, Green Cell Foam, the entirely biodegradable and compostable packaging material, extended its worldwide business in August 2019 by becoming the only supplier of insulated coolers for NIKU Farms. The Toronto-based firm will be the first to bring cutting-edge shipping material to Canada for its farm-to-door meat subscription boxes. Green Cell Foam's current Canadian company will benefit immensely from this new purchase. It will join the rising number of direct-to-consumer food firms worldwide that rely on water-soluble shipping inserts to securely and sustainably deliver their items to their customers.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the insulated packaging market. It also consists of the profiles of leading companies such as Davis Core & Pad Company (Drew Foam of Group), Cryopak, Innovative Energy Inc., Marko Foam Products Inc., DS Smith PLC, Providence Packaging, The Wool Packaging Company Limited, Sonoco Products Company, Thermal Packaging Solutions, Exeltainer, Amcor PLC, and Insulated Products Corporation.

Browse complete report: https://www.marketstatsville.com/insulated-packaging-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

416, East Standsberry Street, Perkins, Oklahoma 74059, USA

USA: +1-580-205-2707 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com