Global Insulated Shippers Market

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 News

  • 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.
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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 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. 'Sonoco Products Company (US)', 'Sealed Air Corporation (US)', 'Cryopak Industries Inc. (US)', '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)'

One key driver of the 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.

Growing emphasis on sustainable and eco-friendly packaging: One key market trend in the 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.

North America dominated the 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.

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Global Insulated Shippers Market

Report ID: SQMIG15A2203

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