Insulated Packaging Market Forecasts to 2028 – Global Analysis By Type (Flexible, Rigid, Semi-Rigid and Other Types), Material (Wood, Plastic, Glass, Corrugated Cardboard and Other Materials), Product, End User and By Geography

Insulated Packaging Market Forecasts to 2028 – Global Analysis By Type (Flexible, Rigid, Semi-Rigid and Other Types), Material (Wood, Plastic, Glass, Corrugated Cardboard and Other Materials), Product, End User and By Geography

According tStratistics MRC, the Global Insulated Packaging Market is accounted for $15.81 billion in 2022 and is expected treach $22.06 billion by 2028 growing at a CAGR of 5.7% during the forecast period. Insulated packing aids in protecting goods from both physical damage and temperature & pressure variations. It is used ttransport temperature-sensitive goods such food, medications, biologics, organs, blood, vaccinations, and chemicals. They are employed as a component of a cold chain tassist preserve the effectiveness and freshness of the product. They strive tkeep the body's temperature more constant. The packaging's capacity toperate as insulation depends on factors including conduction, convection, and radiation. Insulated packagers are lightweight, relatively inexpensive, and recyclable. In a wide range of temperatures, it provides good chemical resistance and thermal insulation.

According tthe World Packaging Organization (WPO), the packaging product consumption in Asia Pacific was the highest during 2003–2009, amounting tan approximate value of USD 160.0 million.

Market Dynamics:

Driver:

Accelerating globalization

The gulf of separation between the world's regions has shrunk because of globalization. This has led tan increase in international imports and exports. The demand for temperature-sensitive items has expanded as a result of the expansion of the pharmaceutical and food & beverage sectors. The only option for products that need certain temperature ranges is insulated packing which is therefore fuelling the market growth.

Restraint:

High cost of raw materials

Lack of main raw materials including plastic, glass, paper, and metal is a problem for producers of insulated materials. The cost of raw commodities from overseas markets rises as a result of unstable currency values. Margin competition is fierce for manufacturers. As a result, substitute materials were created. All these factors are hindering the market demand.

Opportunity:

Technological developments

The demand for insulated packaging is impacted by technological advancements in safe packaging that lead tthe use of new fabrics, such as wool and cotton insulation. As well as it serve as bio-based alternative for reducing carbon emissions. It increased research and development activities testablish innovative packaging solutions. These elements are propelling the growth of the market.

Threat:

Enforcement of government regulations

Government imposed strict rules and regulations for insulated packaging market. As the insulated packaging is mostly used by food sector, the packaging should not show any negative impact on food. Food products should be packed in clean, hygienic and tamper-proof package or container. The environmental obligations and food packing standards are hampering the expansion of the market.

Covid-19 Impact

The global insulated packaging market was severely impacted by the COVID outbreak. Major Tier I and II suppliers worldwide are found in this industry. Due tdecreased demand, supply chain congestion, and employee safety concerns, these players have announced the cessation of production. Production will probably be adjusted by manufacturers tavoid bottlenecks and taccommodate tier 1 manufacturer demand.

The corrugated cardboard segment is expected tbe the largest during the forecast period

The corrugated cardboard segment is estimated thave a lucrative growth, due tits high impact strength and resistance. Flutes lamination machines, commonly referred tas corrugators are typically used tproduce corrugated cardboards. It is made up of linerboard and fluted corrugated sheet. These elements provide them greater strength and pressure resistance. High impact strength, bending resistance, rip resistance and burst strength are all characteristics which are driving the segment’s growth.

The plastic segment is expected thave the highest CAGR during the forecast period

The plastic segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits longevity and temperature. Products that need tbe stored at a regulated temperature and pressure are packaged in plastic. Moreover, meats are packaged in plastic tpreserve and dry age them over a lengthy period of time, ranging from a few months tmany years. Factors such as durability, sustainability, versatility, cost efficiency and light weight are fuelling the segment’s growth.

Region with largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tits rapid urbanization. This region has improved government finances that result in more infrastructure investment and rising disposable income. The expanding young population witnessed significant shift toward luxurious consumer goods for higher standards of living. These factors together are expected tpositively drive the market over the forecast period.

Region with highest CAGR:

North America is projected thave the highest CAGR over the forecast period, owing tits fostering business growth. Elements such as the growth of manufacturing sector, the diverse developments in sociology, rising demand for the pharmaceutical and medical sectors in the region are boosting the size of the market.

Key players in the market

Some of the key players profiled in the Insulated Packaging Market include Amcor PLC, DuPont, Davis Core & Pad Company, DS Smith PLC, Providence Packaging, Cryopak, Innovative Energy, Inc, SonocProducts Company, MarkFoam Products, Inc, Thermal Packaging Solutions, Insulated Products Corporation, The Wool Packaging Company Limited, Exeltainer, Cold Ice Inc, Deutsche Post AG, Huhtamaki Group, Constantia Flexibles, Ecovative Design, TP Solutions and Greiner Group.

Key Developments:

In October 2022, Sonoco, one of the largest sustainable global packaging companies, announced that the new uncoated recycled paperboard (URB) #10 machine is operational as part of its previously announced Project Horizon—the $125 million investment ttransform its former corrugated medium machine in Hartsville, S.C ta state-of-the-art URB operation.

In August 2022, Thermal Packaging Solutions, a leading innovator of transport solutions and thermal packaging tprotect temperature-sensitive medicines and vaccines during transit is proud tannounce the launch of its newly redesigned website topathermal.com. It emphasises Thermal’s 5 core Customer Promises – Service, Performance, Price, Sustainability and Supply.

In January 2022, Amcor, a global leader in developing and producing responsible packaging solutions, today launched a new platform of paper-based packaging products: AmFiberTM. AmFiber innovations aim tredefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits tmeet the changing needs of consumers.

Types Covered:
• Flexible
• Rigid
• Semi-Rigid
• Other Types

Materials Covered:
• Wood
• Plastic
• Glass
• Corrugated Cardboard
• Other Materials

Products Covered:
• Bags
• Boxes
• Containers
• Pouches
• Wraps
• Other Products

End Users Covered:
• Pharmaceuticals
• Food & Beverages
• Beauty & Personal Care
• Industrial
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements