Insulated Packaging Market Research Report 2018 published By Market Research Future, provides information on Global Insulated Packaging Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation - by Material (Plastic, Wood, Corrugated Cardboards, and Others), by Packaging Type (Box & containers, Bags, Wraps, and Others), by Application (Food & Beverages, Industrial, Pharmaceutical, Cosmetic, and Others) and by Region.
Pune, India -- (SBWIRE) -- 06/25/2018 -- Insulated Packaging Market Scenario
An insulated material is the combination of materials which reduces or prevent the transmission of heat and this materials have low thermal conductivity. Various end-user such as food & beverages, pharmaceutical, chemicals, cosmetics depend heavily on insulated packaging so as to protect the product from volatility in temperature, fire or explosion. Their products need proper packaging because they are subjected to extreme weather conditions, and pressure while transportation. The major drivers of growth of the insulated packaging market are rapid growth in e-commerce trend in emerging nations, rapid growth in urbanization, and increase in per capita income. Other factors responsible for the growth of this market are the rising customer spending, growing concern for the safety of products, growth in pharmaceutical industry, and high disposable income.
The key driver for the growth of insulated packaging market is the rising disposable income, and the growth in packaging industry. This has led to a rise in the Fast Moving Consumer Goods (FMCG) and their safety. Other growth drivers for this market are the retailers who mainly focus on the delivering the product safely to the local market. The growth in the packaging industry will result in the increased use of insulated packaging, which will indirectly result in the growth of this market.
The insulated packaging market is expected to grow over the CAGR of around 5% during the period 2016 to 2022.
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The key players of global insulated packaging market are Deutsche Post DHL (Germany), E.I. Du Pont De Nemours and Co. (U.S.), Huhtamaki OYJ (Finland), Sonoco Products Company (U.S.), Exeltainer (Spain), American Aerogel Corporation (U.S.), Thermal Packaging Solutions (Australia), TemperPack (U.S.), Insulated Products Corp (U.S), and Davis Core & Pad Co.(U.S.)
Industry/ Innovation/ Related News:
March 2018- Sonoco ThermoSafe launched a new reusable bulk insulated container featuring a 1,200 mm x 800 mm footprint and 440 liters of storage capacity for storage and distribution of dry ice and perishable goods globally.
July 2017- Temperpack manufacturers its products out of recycled materials like fiber made from coffee bags and cotton. Customers add flexible insulation blanket as a liner to a box, along with gel ice packs, to keep products cold for up to 60 hours. TemperPack currently works with customers which are in the meal-kit and grocery e-commerce sectors.
April 2014- Rochester-based firm makes a lightweight aerogel-based insulation stronger than Styrofoam. Standard housing insulation has an R-13 rating and is 4 inches thick.
March 2012- The ninth annual Cold Chain Storage and Distribution Conference took place in London. The company shared with its European partners the information about pharma cold chain distribution and presented its innovative insulated packaging designs such as front-loading shippers in different payload measures, new 2°C-8°C configurations with no gel-pack pre-conditioning, and 2°C-8°C clinical trials insulated packaging qualified up to 96 hours.
Asia-pacific region is expected to dominate the insulated packaging market due to the growing end-user application. Due to increase in industrial network, Asia-Pacific region has emerged has the fastest growing region in this market. In Asia-Pacific, China is the largest region contributing to this market. Europe is the second largest region dominating the insulated packaging market due to rapid growth in packaged food industry and growing concern towards the safety of products.
Market Research Analysis
The market is highly based on applications. Food and beverages segment is dominating the insulated packaging market due to growing middle-class population and the growing workforce. Also the use of insulated packaging is higher in food and beverage industry which boosts this market.
The major drivers that have led to the growth of this market are the growing concern for the safety of products, growth in the packaging industry, high disposable income and increase in per capita income.
There are various restraints that hinder the growth of insulated packaging market such as fluctuation in the raw material prices and high competitive environment due to the presence of small and big packaging firms.
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Scope of the Report
This study provides an overview of the global insulated packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global insulated packaging market by material, by packaging type, by application and by region.
- Corrugated Cardboards
By Packaging Type
- Box & containers
- Food & Beverages
- North America
The report for Insulated Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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