Insulated Shipping Boxes Market - Forecasts from 2024 to 2029

Insulated Shipping Boxes Market - Forecasts from 2024 to 2029

The insulated shipping boxes market is expected to grow at a CAGR of 5.64% reaching a market size of US$9.442 billion in 2029 from US$6.432 billion in 2022.

A variety of packaging materials, such as small packages and big shipping containers, are included in insulated shipment packaging. By enclosing temperature-sensitive goods in thermal insulation and limiting the flow of heat between the inside and outside of the packaging, insulated shipping boxes guard against the spoilage of goods during transit. One of the prime reasons fueling the market dynamics is the rise in disposable income and expansion of e-commerce, the food and beverage, as well as personal care goods businesses, have seen an increase in demand. It is projected that these sectors, which employ insulated shipping boxes as their final product, will boost the market's demand.

Further, due to the expanding population, the pharmaceutical sector is also expanding significantly. The pharmaceutical business, a large consumer of insulated shipping boxes, is expected to greatly boost the market's demand. Additionally, it is anticipated that rising industrialization and expanding domestic and international commerce would create profitable expansion prospects for the insulated shipping boxes market.Click here

Rising demand for organic fruits & Vegetables

The growing global demand for organic fruits and vegetables is one of the key factors driving this industry. Organic farming methods are employed globally to cultivate a diverse array of fruits and vegetables. Consequently, these materials are widely used in fruit packaging to maintain fruit freshness during transportation. The increasing global demand for pharmaceutical products is a major factor fueling the need for insulated shipping boxes. The global pharmaceutical industry is growing as a result of the rising prevalence of chronic illnesses and the ageing populations of countries like China and Japan. Pharmaceutical supplies, such as blood, vaccines, and medications that need to be kept at a specific temperature, are commonly transported in insulated shipping boxes. Eventually, this approach increases demand and broadens the insulated shipping

Increasing demand for sustainable packaging

Businesses are putting more and more effort into implementing environmentally friendly packaging techniques in the insulated shipper space. For example, the product line-up of Atlas Molded Products, a division of Atlas Roofing Corporation, included DuraTherm BDT®, a biodegradable technology, in September 2023. Products like DuraTherm BDT are more environmentally friendly packaging options for cold chain handling, transportation, and storage.

Moreover, PharmaPac is a line of thermal packaging solutions that Hydropac introduced in November 2023 to address delivery issues and comply with legal requirements for pharmaceuticals and vaccines that are temperature-sensitive. The components of the PharmaPac Genesis are a thermal filter pack, a universal payload tray, ice packs, and a polystyrene box. It is the first PQS/Validated pre-qualified system from Hydropac that can keep refrigerated payloads safe for at least two days at 2 to 8°C.

Increasing demand for packaged food

People rely on processed and packaged foods as well as luxury goods as a result of changing lifestyles and high disposable incomes. The majority of meals found in processed and frozen goods are prepared and ready to eat, saving the working people the time and energy needed to prepare healthy meals. Products including frozen meals, fish, meat, vegetables, fruits, and medical supplies must be packaged in insulated containers to maintain consistent temperatures inside and out thus propelling market demand.

Rising e-commerce industry

E-commerce has grown significantly, revolutionizing how people purchase and receive goods. The ease of internet buying, as well as the variety of options and doorstep delivery, have completely changed the retail industry. Within this paradigm change, insulated shipping boxes have become an essential element that permits the smooth delivery of temperature-sensitive items, responding to the changing expectations of both businesses and consumers. The market for insulated shippers has seen a notable increase in the use of shipping boxes for meal kits. There are now more competitors in the meal kit market due to the rising demand for meal kits worldwide. The industry uses EPS-based insulated shipping boxes extensively because of their low weight, affordability, and user-friendliness, among other benefits.

North America is witnessing exponential growth during the forecast period

North America is anticipated to have a significant share in market growth over the forecast period because the number of retail food chains is growing, they are expanding, and the e-commerce sector is expanding. eCommerce is still expanding rapidly in the nation, which is straining traditional retail. Furthermore, the emergence of large behemoths like Amazon and Walmart has fundamentally altered American grocery shoppers' purchasing patterns. Additionally, because insulated packaging can shield temperature-sensitive goods like food, medicine, and cosmetics from deterioration, it is becoming increasingly popular in the nation's rapidly expanding healthcare, food, and beverage sectors. During the forecast period, this factor will propel the insulating packaging market.

Furthermore, the Food and Drug Administration (FDA) regulates several industries in the United States that come into contact with food. One example of one such industry is the food-contact packaging sector.

Product Offerings
CelluLiner paper insulated delivery bags, Insulated product Corp.: These insulated delivery bags are made completely of paper, are lightweight, include recycled materials, and can easily be recycled in curbside recycling bins after usage. These paper-insulated delivery bags offer efficient temperature regulation despite being small and light.
Active Transport, Exeltainer: Exeltainer has created a new product line that is specially made to withstand any disruptions in the cold chain for clients that use cold transportation. In the event of active/refrigerated transport, the temperature must be managed both during loading and unloading. Their new range of Insulated Solutions, designed and certified for active transport, is a great choice to reduce the danger of unforeseen excursions and prevent any cold chain disruption.
Insulated Containers, Topa Thermal: These bags are interchangeable insulated containers that were created specifically to allow temperature-controlled transportation. Available in two different material kinds, with sizes ranging from compact parcels to multi-pallet packages.

Market key launches
In October 2023, the South Korean business Seegene has created and unveiled a brand-new shipping box packaging solution for its diagnostic kits that is 100% recyclable and devoid of Styrofoam. A vacuum insulation panel, dry ice, ice packs, biodegradable films, recycled polyethylene terephthalate packaging, and twelve layers of paper are used to create this environmentally friendly shipping box. The company's Styrofoam boxes used to have a capacity of only 24 kits per shipping box; this capacity has been increased by 30%.
In July 2022, Pitreavie Packaging Group's chilled packaging division introduced a fully recyclable insulated box. They have developed an insulated packaging solution that is 100% recyclable at the curb.

Segmentation:

By Material Type
Plastic
Wood
Glass
Others
By Product Type
Boxes and Containers
Pouches and Bags
Others
By End-User
Food and Beverages
Pharmaceutical
Personal and Beauty
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
Japan
China
India
South Korea
Taiwan
Thailand
Indonesia
Others