Insulated Packaging Market to Surpass USD 13.58 Billion by 2030 on Account of Cold Chain Logistics Expansion

(Isstories Editorial):- Austin, Texas Oct 10, 2023 (Issuewire.com) – As per SNS Insider’s research, the insulated packaging market is poised for substantial growth driven by sustainability concerns, the e-commerce boom, cold chain logistics expansion, stringent regulations, technological advancements, pandemic responses, and changing consumer lifestyles.

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The insulated packaging market was valued at USD 9.3 billion in 2022 and is projected to reach USD 13.58 billion by 2030, with a compound annual growth rate (CAGR) of 4.85% anticipated during the forecast period from 2023 to 2030, as per the SNS Insider report.

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Some Major Key Players In Insulated Packaging Market

• American Aerogel Corporation
• Huhtamaki Oyj
• Sonoco Products Company
• Thermal Packaging Solutions
• Insulated Products Corporation
• Deutsche Post DHL
• Amcor Ltd
• Temper Pack
• Exeltainer
• and other players.

Market Report Scope

Insulated packaging, also known as thermal packaging or temperature-controlled packaging, is a specialized type of packaging designed to maintain a stable temperature environment for its contents. It is primarily used for transporting and storing products that are sensitive to temperature variations, such as perishable goods, pharmaceuticals, medical supplies, and certain chemicals. The goal of insulated packaging is to protect these items from extreme temperatures, whether hot or cold, during transit or storage. Insulated packaging comes in various forms, including boxes, bags, pouches, and containers, making it suitable for a wide range of products.

Market Analysis

Sustainability has become a top priority for consumers and businesses alike. Insulated packaging made from recyclable and biodegradable materials is gaining traction. Manufacturers are increasingly investing in eco-friendly options, responding to the global push for reduced environmental impact. This shift toward sustainability not only addresses consumer demands but also helps companies meet regulatory requirements. The e-commerce sector has witnessed unprecedented growth in recent years, especially accelerated by the COVID-19 pandemic. Insulated packaging plays a crucial role in safeguarding products like fresh food, pharmaceuticals, and cosmetics during transit. The ongoing expansion of e-commerce channels is expected to drive substantial demand for insulated packaging solutions. Government regulations regarding the transportation of perishable and pharmaceutical products are becoming more rigorous. Insulated packaging is essential for ensuring compliance with these regulations. Companies are investing in high-performance insulated packaging solutions to meet these stringent requirements and avoid costly penalties. All these factors foster insulated packaging market growth.

KEY MARKET SEGMENTS

By Raw Material

• Plastic
• Wood
• Glass
• Metal
• Others

By Packaging Form

• Rigid
• Flexible
• Semi-Rigid

By Packaging Type

• Box & Container
• Flexible Blanket
• Bags
• Wraps
• Others

By Application

• Cosmetic
• Food & Beverages
• Pharmaceutical
• Industrial
• Others

Impact of Recession

The ongoing recession is likely to impact the insulated packaging market in various ways, including changes in consumer preferences, supply chain disruptions, increased material costs, and a growing focus on sustainability. To navigate these challenges, companies in this industry will need to adapt, innovate, and potentially explore new market segments to remain resilient in uncertain economic times. Economic downturns can lead to market consolidation, with larger companies acquiring smaller ones to gain a competitive edge. This can reshape the competitive landscape of the market.

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Impact of Russia-Ukraine War

The Russia-Ukraine war has undoubtedly created challenges for the insulated packaging market, ranging from supply chain disruptions to rising material costs and geopolitical uncertainties. However, it has also spurred innovation and a focus on sustainability, along with opportunities in new markets and increased demand for humanitarian aid packaging. The long-term impact of the conflict will depend on the duration and resolution of the geopolitical crisis and the industry’s ability to adapt to changing circumstances.

Key Regional Development

The strong economy and increased consumer spending in North America drive the demand for insulated packaging. High disposable incomes encourage consumers to purchase packaged foods, pharmaceuticals, and temperature-sensitive goods. The European market is relatively mature, with a focus on eco-friendly packaging solutions and reducing food waste. European consumers have a strong preference for sustainable packaging options, such as biodegradable and recyclable materials. The Asia-Pacific region experiences rapid economic growth and urbanization, leading to increased demand for convenience foods, pharmaceuticals, and e-commerce, driving the insulated packaging market. Varying consumer preferences across countries in the region create opportunities for tailored insulated packaging solutions.

Key Takeaway from Insulated Packaging Market Study

• The market is currently experiencing a significant shift, with the box and container segment emerging as a dominant force in the industry. This transformation can be attributed to several factors, including the growing demand for sustainable and eco-friendly packaging solutions, the rise of e-commerce, and the increasing awareness of the importance of temperature-sensitive packaging.

• The market is witnessing a significant surge in demand from the cosmetic industry. This newfound prominence can be attributed to several key factors, including the need to protect sensitive cosmetic products, the rise of premium skincare lines, and consumers’ preference for sustainable packaging solutions.

Recent Developments Related to Insulated Packaging Market

• Pitreavie Packaging Group’s Chilled Packaging Division is making waves in the industry once again with its latest innovation–a fully recyclable insulated box. One of the standout features of this new packaging solution is its insulation material, which is not only effective at maintaining temperature but is also entirely recyclable.

• In a strategic move aimed at enhancing its capabilities and diversifying its product offerings, Engineered Foam Packaging (EFP) has announced the successful acquisition of NatureKool, Inc., a renowned player in the eco-friendly packaging industry.

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Table of Content

• Introduction
• Research Methodology
• Market Dynamics
• Impact Analysis
• Value Chain Analysis
• Porter’s 5 forces model
• PEST Analysis
• Insulated Packaging Market Segmentation, by Raw Material
• Insulated Packaging Market Segmentation, by Packaging Type
• Insulated Packaging Market Segmentation, by Material
• Insulated Packaging Market Segmentation, by Application
• Regional Analysis
• Company Profile
• Competitive Landscape
• USE Cases and Best Practices
• Conclusion

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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