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

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.