USD 7.02 billion
Insulated Shippers Market Size, Share, Growth Analysis, By Type(Expanded Polystyrene (EPS), and Polyurethane (PU)), By Application(Pharmaceuticals and Biotechnology, Food and Beverage, and Chemicals), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2203 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
62
|Figures:
75
Insulated Shippers Market Insights
Insulated Shippers Market size was valued at USD 7.02 billion in 2021 and is poised to grow from USD 7.6 billion in 2022 to USD 17.77 billion by 2030, growing at a CAGR of 11.2% during the forecast period (2023-2030).
The global market for insulated shippers is experiencing growth due to the increasing demand for organic fruits and vegetables worldwide. Organic farming methods are being widely employed to cultivate a diverse range of food products, and insulated shippers play a crucial role in preserving the freshness of these perishable items during transportation. Another significant factor fueling the demand for insulated shippers is the rising global demand for pharmaceutical products. The pharmaceutical market is expanding due to the prevalence of chronic diseases and the growing aging population in countries such as China and Japan. Insulated shippers are essential for transporting temperature-sensitive drugs, blood, and vaccines. Large organizations like Sonoco Products Company and Sealed Air directly source raw materials from manufacturers through annual contracts, while smaller companies procure materials based on their specific requirements from either manufacturers or distributors. The choice of liner material, such as paper, EPS, or metalized bubble wrap, depends on the intended application area during the manufacturing process. Key manufacturers in the insulated shippers market include ABBE CORRUGATED PTY. LTD., Sonoco Products Company, ICEE insulated folding boxes, and CP Cases Ltd. These manufacturers primarily cater to the food and pharmaceutical industries. The global population is projected to increase by 1.24% annually until 2030, with the proportion of people aged 65 to 80 expected to rise to 28% by 2030. This aging population will require more medical assistance, leading to a higher demand for pharmaceuticals and consequently driving the demand for insulated shippers. Countries such as Japan, China, Italy, and Germany are experiencing a significant rise in the aging population. However, the development of modified atmosphere packaging (MAP) is gaining traction in the industry and may limit the use of insulated shippers in the future. MAP helps preserve the freshness and extend the shelf life of food products by controlling the gas blend inside the packaging. Despite its advantages, the high cost of MAP technology is currently discouraging clients from adopting it as a solution.
US Insulated Shippers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Expanded Polystyrene (EPS)
Fastest Growth
Expanded Polystyrene (EPS)
Growth Rate
11.2% CAGR
Global Insulated Shippers Market ($ Bn)
Country Share for North America Region (%)
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Insulated Shippers Market Segmental Analysis
The Global Insulated Shippers Market is segmented by type, application, and region. Based on type, the market can be segmented into expanded polystyrene (eps), and polyurethane (pu). Based on application, the market is segmented into pharmaceuticals and biotechnology, food and beverage, and chemicals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Insulated Shippers Market Analysis by Type
By type, the market can be segmented into expanded polystyrene (eps), and polyurethane (pu). Expanded Polystyrene (EPS) insulated shippers dominated the market. EPS shippers offer several advantages, including lightweight construction, cost-effectiveness, and excellent thermal insulation properties. These shippers are widely utilized for transporting temperature-sensitive products across various industries. The segment dominance is due to its wide range of applications and affordability. Industries such as pharmaceuticals, food and beverage, and chemicals extensively rely on EPS insulated shippers to maintain the desired temperature during product transportation. EPS shippers are particularly popular for shorter distances or when cost considerations are paramount.
Polyurethane (PU) insulated shippers represent the fastest-growing segment in the market. PU shippers offer exceptional insulation performance, making them a preferred choice for long-distance shipping of highly sensitive products, especially in the pharmaceutical and biotechnology sectors. The PU segment's growth can be attributed to the increasing demand for temperature-controlled transportation solutions, stringent regulations governing product integrity, and the expanding global pharmaceutical industry. PU insulated shippers provide superior thermal insulation, ensuring that pharmaceuticals, biologics, and other temperature-sensitive products maintain their integrity and efficacy throughout the supply chain.
Insulated Shippers Market Analysis by Application
By application, the market is segmented into pharmaceuticals and biotechnology, food and beverage, and chemicals. The pharmaceuticals and biotechnology segment is the dominating segment in the insulated shippers market. Insulated shippers play a critical role in maintaining the temperature integrity of pharmaceutical products, biologics, vaccines, and other sensitive medical supplies during transportation.
The food and beverage segment represents the fastest-growing segment in the insulated shippers market. Insulated shippers are crucial for preserving the freshness and quality of perishable goods during transportation. The demand for insulated shippers in the food and beverage industry is driven by the growth of e-commerce, online grocery shopping, and meal kit deliveries. With consumers increasingly seeking convenience and fresh produce delivered to their doorsteps, companies must ensure that perishable food items, such as seafood, dairy products, and frozen foods, maintain their desired temperatures throughout the supply chain.
Global Insulated Shippers Market By Type
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Insulated Shippers Market Regional Insights
North America dominated the global insulated shippers market. North America has a well-established and advanced pharmaceutical industry, which is a major consumer of insulated shippers. The region has a high demand for temperature-sensitive drugs, vaccines, and other pharmaceutical products, which require reliable and effective packaging solutions to maintain their efficacy during transportation. Additionally, North America has a strong focus on organic farming and sustainable agriculture practices. The increasing demand for organic fruits and vegetables in the region has led to a higher adoption of insulated shippers to preserve the freshness and quality of these products. Moreover, stringent regulations regarding food safety and quality in North America have further contributed to the market dominance of insulated shippers in the region.
Asia Pacific is the fastest growing region in the global insulated shippers market. The region's rapid economic growth, increasing population, and changing lifestyles have resulted in a rising demand for pharmaceutical products and organic food items. Countries like China, Japan, and India are witnessing significant growth in the pharmaceutical industry, driven by factors such as the aging population, increasing healthcare expenditure, and the prevalence of chronic diseases. Furthermore, the Asia Pacific region is experiencing a shift towards organic farming and sustainable agriculture practices. The growing awareness about health and environmental concerns is driving the demand for organic fruits and vegetables, which in turn fuels the need for insulated shippers for their transportation and storage.
Global Insulated Shippers Market By Geography
- Largest
- Fastest
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Insulated Shippers Market Dynamics
Insulated Shippers Market Drivers
Increasing demand for temperature-sensitive pharmaceutical products
- One key driver of the global insulated shippers market is the increasing demand for temperature-sensitive pharmaceutical products. With the rising prevalence of chronic diseases and the aging population in various countries, there is a growing need for reliable transportation and storage solutions for vaccines, blood, and temperature-sensitive drugs. Insulated shippers provide the necessary temperature control and protection to ensure the efficacy and integrity of these pharmaceutical products during transit, driving their demand in the market.
Insulated Shippers Market Restraints
Emergence of modified atmosphere packaging (MAP) technology
- One significant restraint in the global insulated shippers market is the emergence of modified atmosphere packaging (MAP) technology. MAP offers an alternative solution for preserving the freshness and extending the shelf life of food products by controlling the gas blend within the packaging. This technology reduces the reliance on insulated shippers for certain perishable goods. However, the high cost associated with MAP implementation acts as a restraining factor. Many clients, especially small-scale businesses, may find the cost prohibitive, limiting the widespread adoption of MAP and maintaining the demand for insulated shippers. Additionally, the established infrastructure and familiarity with insulated shippers in certain industries may also slow down the transition towards MAP.
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Insulated Shippers Market Competitive Landscape
The global insulated shippers market is characterized by a diverse range of manufacturers and suppliers. These companies focus on developing innovative and technologically advanced products to meet the specific requirements of the food and pharmaceutical industries. Manufacturers use various liner materials such as paper, EPS, and metalized bubble wrap, considering the application area during manufacturing. The market also sees the presence of small-scale companies that procure raw materials from manufacturers or distributors based on their specific needs. The competition in the market is driven by factors such as product quality, cost-effectiveness, customization capabilities, and the ability to meet regulatory standards and certifications.
Insulated Shippers Market Top Player’s Company Profiles
- Pelican BioThermal LLC (US)
- Cold Chain Technologies LLC (US)
- ABBE CORRUGATED PTY. LTD. (Australia)
- Inmark Packaging (US)
- Marko Foam Products Inc. (US)
- Langston Companies, Inc. (US)
- Intelsius Limited (UK)
- Tempack Packaging Solutions, S.L. (Spain)
- Sofrigam SA (France)
- Softbox Systems Ltd. (UK)
- TKT GmbH (Germany)
- Thermosafe Brands (US)
- AmerisourceBergen Corporation (US)
- Cold Chain IQ (US)
- Nordic Cold Chain Solutions (US)
- RPS Packaging (US)
- Davis Core & Pad Company (US)
Insulated Shippers Market Recent Developments
- In June 2023, Pelican BioThermal acquired InteliCold, a company specializing in IoT-enabled cold chain monitoring solutions, to enhance its digital capabilities and provide real-time visibility into the condition of temperature-controlled shipments.
- In April 2023, Softbox partnered with SkyCell, a provider of high-performance, temperature-controlled containers, to offer a comprehensive range of hybrid temperature-controlled shipping solutions for the pharmaceutical industry.
- In March 2023, Cold Chain Technologies received a significant investment from Abry Partners, a private equity firm, to support the company's growth initiatives and further strengthen its position in the temperature-controlled packaging market.
- In January 2023, va-Q-tec entered into a strategic partnership with Cathay Pacific Cargo to enhance the transport of temperature-sensitive pharmaceuticals by leveraging Cathay Pacific's extensive air cargo network and va-Q-tec's advanced thermal containers.
- In October 2022, Sofrigam, a provider of insulated packaging solutions, launched its Greenway® range of biodegradable and compostable insulated shippers, offering environmentally friendly alternatives to traditional packaging.
Insulated Shippers Key Market Trends
- Growing emphasis on sustainable and eco-friendly packaging: One key market trend in the global insulated shippers market is the growing emphasis on sustainable and eco-friendly packaging solutions. With increasing environmental awareness and regulations, there is a rising demand for insulated shippers made from recyclable and biodegradable materials. Market players are focusing on developing sustainable packaging options that reduce waste, carbon footprint, and environmental impact. This trend aligns with the broader sustainability goals of businesses and consumers, driving the adoption of eco-friendly insulated shippers. Additionally, advancements in technology and materials are enabling the development of innovative and sustainable packaging solutions that cater to the evolving needs of the market.
Insulated Shippers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Global Insulated Shippers Market analysis, increasing demand for organic fruits, vegetables, and pharmaceutical products is driving the adoption of insulated shippers worldwide. North America dominates the market, primarily due to its well-established pharmaceutical industry and focus on sustainable agriculture. Asia Pacific, on the other hand, is the fastest growing region, with countries like China and Japan experiencing a surge in pharmaceutical demand and a shift towards organic farming. China holds the largest share in the market, driven by its population size and aging demographics. Moreover, Germany is also a key market with its aging population. As the market expands, there is a rising focus on sustainable packaging solutions and eco-friendly materials, reflecting the growing awareness and environmental concerns among businesses and consumers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.02 billion |
| Market size value in 2031 | USD 17.77 billion |
| Growth Rate | 11.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Insulated Shippers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Insulated Shippers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Insulated Shippers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Insulated Shippers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Insulated Shippers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Insulated Shippers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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