Insulated Packaging Market

Insulated Packaging Market

Growth Factors of Insulated Packaging Market

The insulated packaging market size was valued at USD 15.21 billion in 2023, and the market is now projected to grow from USD 16.01 billion in 2024 to USD 25.95 billion by 2032, exhibiting a CAGR of 6.22% during the forecast period of 2024-2032.

COVID-19 exposure has brought industries around the world into the burn, hence affecting insulated packaging market growth. This led to a great many difficulties and disruptions affecting production processes, supply chains, demand patterns and market functioning as a whole.

The insulated packaging market share is probably to grow due to the busy lifestyle of the people in modern society and the need to have convenience. Urban consumers are buying food products that can be consumed without freezing as they search for convenience foods. Such packaging type responds to this need by providing a range of products for snack, meal or drink consumption, which do not require refrigeration before and after opening, answering to the ‘on the go’ or eating culture.

Furthermore, the market is evolving with some of the features of smart packaging such as temperature control enhancements such as phase change materials, smart sensors and vacuum insulation panels. These innovations ensure precise temperature management for sensitive products during transport. Intelligent packaging with real-time monitoring capabilities is also boosting growth in the insulated packaging market.

Comprehensive Analysis of Insulated Packaging Market

The insulated packaging market and the broader packaging industry are experiencing rapid growth, driven by strategic market segmentation. This expansion allows for in-depth regional analysis, taking into account the key supply and demand factors that influence the packaging sector. These segmentations are methodically segregated by material, by product type and by application. The material include, plastic, paper & paperboard, metal and others. The product type include boxes & containers, wraps & liners, pouches & envelopes and others. Lastly, the application include, foods, beverages, healthcare & pharmaceuticals, chemicals and others.

Asia Pacific region holds the largest share in the insulated packaging market with countries such as Japan, India and China contributing to the industry’s growth. The growth of the pharmaceutical and healthcare segments, coupled with the disposable income in these countries, is driving demand for convenience food and increasing the requirement for insulated packaging.

Market leaders are crucial in the packaging sector since they determine the growth of industries besides shaping the market. These players include, Sancell Pty Ltd. (Australia), Cold Chain Technologies (U.S.), Mondi (U.K.), Smurfit Kappa (Ireland), Peli BioThermal Limited (U.S.), Insulated Products Corporation (U.S.), Cryopak (U.S.), Polar Tech Industries Inc. (U.S.), CSafe Global, LLC (U.S.), Ranpak (U.S.), Snyder Industries, LLC (U.S.), COMBITHERM A/S (Denmark), EMBALL'ISO (France), Sonoco ThermoSafe (U.S.), Stora Enso (Finland), EPG INDUSTRIES (U.S.), Huhtamaki Inc. (Finland), DGP INTELSIUS LTD (U.K.), Zhejiang Pengyuan New Material Co. Ltd. (China) and Suzhou Star New Material Co. Ltd. (China). These players help to ensure that competition within the markets concerned is well-checked and fairly organized.

In October 2023, Sonoco ThermoSafe released a statement indicating its intention to increase operations to accommodate both domestic and international markets. This new investment extends the company’s capacity to respond to the growing concerns of its consumer base and at the same time expand the range of custom packaging to embrace environmentally friendly solutions.

Segmentation Table

Global Insulated Packaging Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 6.22% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Material, Product Type, Application, and Region

By Material - Plastic

- Paper & Paperboard

- Metal

- Others

By Product Type - Boxes & Containers

- Wraps & Liners

- Pouches & Envelopes

- Others

By Application - Foods

• Dairy Products
• Meat, Poultry, and Seafood
• Agricultural Produce
• Others

- Beverages

• Alcoholic
• Non-alcoholic

- Healthcare & Pharmaceuticals

- Chemicals

- Others

By Region - North America (By Material, Product Type, Application, and Country)

• U.S. (By Material)
• Canada (By Material)

- Europe (By Material, Product Type, Application, and Country)

• Germany (By Material)
• U.K. (By Material)
• France (By Material)
• Spain (By Material)
• Italy (By Material)
• Russia (By Material)
• Poland (By Material)
• Romania (By Material)
• Rest of Europe (By Material)

- Asia Pacific (By Material, Product Type, Application, and Country)

• China (By Material)
• India (By Material)
• Japan (By Material)
• Australia (By Material)
• Southeast Asia (By Material)
• Rest of Asia Pacific (By Material)

- Latin America (By Material, Product Type, Application, and Country)

• Brazil (By Material)
• Mexico (By Material)
• Argentina (By Material)
• Rest of Latin America (By Material)

- Middle East and Africa (By Material, Product Type, Application, and Country)

• Saudi Arabia (By Material)
• UAE (By Material)
• Oman (By Material)
• South Africa (By Material)
• Rest of the Middle East & Africa (By Material)


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