Global Insulated Shippers Market Size study & Forecast, by Material (Paper-based, Wool, Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), Polyurethane (PU), Metalized Bubble Wrap, Vacuum Insulated Panel, Biodegradables, Others), By Type (Single-use, Multiple-use), By End-use (Home Delivery, Agriculture, Fish, Life Sciences, Others) and Regional Analysis, 2022-2029
Global Insulated Shippers Market is valued at approximately USD 7.2 Billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10% over the forecast period 2022-2029. Insulated shippers are containers designed to protect temperature-sensitive products from temperature fluctuations during transportation. These containers are used to maintain the desired temperature of the products they carry, which are typically perishable goods such as food, pharmaceuticals, and chemicals. Insulated shippers are made of insulating materials such as expanded polystyrene (EPS) foam, polyurethane foam, or vacuum-insulated panels (VIPs). These materials provide thermal insulation and help to maintain a consistent temperature inside the container. The market demand is primarily driven by the factors such as the increasing demand for temperature-controlled packaging solutions, the surging demand for organic food products and the constantly growing e-commerce platform.
In addition, the rapidly increasing sales of organic food products due to changing lifestyle of consumers and the growing e-commerce sector due to its easy availability of products are acting as major driving factors for market growth. According to Statista, the sales of organic food products increased from USD 120.65 Billion in 2020 to USD 132.74 Billion in 2021 and there were more than 76 million hectares of organic farms around the world in 2021. Similarly, according to the US Department of Commerce's quarterly e-commerce report, households spent USD 601.75 billion online with US merchants in 2019, increasing 14.9% from USD 523.64 billion in the previous year. Hence, these factors are expected to escalate the demand for insulated shippers in the global market. Furthermore, the growing need to preserve edible products due to constantly changing climatic conditions and the increasing demand for insulated shippers in the life science and food industry are presenting lucrative opportunities for market growth over the forthcoming years. However, growing environmental concerns regarding the disposal of materials used by insulated shippers are restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Insulated Shippers Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to the increasing usage of insulated shippers in packaging fresh and processed foods. North America is also expected to grow at the highest growth rate over the forecasting period due to the growing number of online stores that require insulated shippers for food packaging. Factors such as the rising demand for temperature-maintained packaging solutions, the increasing demand for insulated shippers in the life science and food industry and the growing demand for organic food products are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Sonoco Products Company
Polar Tech Industries, Inc.
Sealed Air Corporation
Sancell Pty Ltd
The Wool Packaging Company Limited
CoolPac Pty Ltd
SOFRIGAM
Insulated Products Corporation
Cambro Manufacturing
TemperPack
Recent Developments in the Market:
In November 2022, Sonoco Products Company, an international provider of various consumer packaging, industrial products, protective packaging and services, announced the expansion of Sonopost Conerpost manufacturing with the opening of a new facility in Turkey. The new facility is being established in response to the growing demand for the company’s proprietary Sonopost technology which provides an environmental friendly way to protect white goods such as dishwashers, dryers, refrigerators and many other items.
Global Insulated Shippers Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Type, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material:
Paper-based
Wool
Expanded Polystyrene (EPS)
Expanded Polypropylene (EPP)
Polyurethane (PU)
Metalized Bubble Wrap
Vacuum Insulated Panel
Biodegradables
Others
By Type:
Single-use
Multiple-use
By End-use:
Home Delivery
Agriculture
Fish
Life Sciences
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Companies Mentioned
Sonoco Products Company
Polar Tech Industries, Inc.
Sealed Air Corporation
Sancell Pty Ltd
The Wool Packaging Company Limited
CoolPac Pty Ltd
SOFRIGAM
Insulated Products Corporation
Cambro Manufacturing
TemperPack
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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