Insulated Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The insulated packaging market was valued at USD 14.15 billion in 2020 and is expected to reach a value of USD 19.65 billion by 2027, and grow at a CAGR of 5.71% over the forecast period (2022 - 2027). Insulation packaging is vital for combating energy losses during transportation and storage. Some of the significant characteristics of insulated packaging are high resistance to heat transfer, low cost, low weight, low moisture susceptibility, ease of fabrication and transportation, durability, and mechanical strength.
Key HighlightsThe global insulated packaging market is moderately fragmented owing to many packaging solutions providers introducing insulated packaging in their product line and prevent the new entrants to enter the market. The companies are investing in their R&D to develop innovating packaging solutions so that their solutions cater to the needs of the growing demands of various end-users. A significant number of instances of mergers and acquisitions are also seen as a step towards increasing the market share. Some of the recent developments in the market are:
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