USD 7.87 Billion
Insulated Shipping Packaging Market Size, Share, Growth Analysis, By Material Type(Corrugated Cardboard, Metal, Glass, Plastics), By Type(Rigid, Flexible, and Semi-rigid), By Application(Cosmetics, Pharmaceutical, Industrial, Food & Beverages), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2235 |
Region:
Global |
Published Date: April, 2024
Pages:
220
|Tables:
94
|Figures:
78
Insulated Shipping Packaging Market Insights
Insulated Shipping Packaging Market size was valued at USD 8.36 Billion in 2023 and is poised to grow from USD 8.89 Billion in 2024 to USD 14.49 Billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
The global insulated shipping packaging market is witnessing significant growth, driven by the increasing demand for thermoplastic packaging in various industries including pharmaceuticals, food, beverages and pharmaceuticals. As global trade and e-commerce continue to expand, the need for efficient and reliable packaging solutions increases. It can maintain product integrity for a long time. Insulated shipping containers provide thermal insulation that protects products from temperature fluctuations, ensuring that they reach customers in optimal condition. Also, improvements in packaging and technology enhance the efficiency and durability of protected packaging solutions, leading to market growth but stringent regulatory requirements, cargo are fluctuating costs of goods, the market also faces challenges such as increasing competition.
Rising disposable income of people in developing economies is expected to be one of the major factors driving the market during the forecast period. Insulated packaging helps in preventing damage and physical damage to materials from the extremes of changing temperatures & pressures. Packaging is used in various industries such as cosmetics, food & beverages, pharmaceuticals and electronics. Industrial chemicals are hazardous to nature and flammable. The occurrence of these high concentrations of chemicals in solids, liquids and gases requires careful handling.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Corrugated Cardboard
Fastest Growth
Plastics
Growth Rate
6.3% CAGR
Global Insulated Shipping Packaging Market ($ Bn)
Country Share for North America Region (%)
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Insulated Shipping Packaging Market Segmental Analysis
Based on material type the market is segmented into corrugated cardboard, metal, glass, plastic, and others. Based on type the market is segmented as rigid, flexible, semi-rigid. Based on application the market is segmented into cosmetics, pharmaceutical, industrial, food & beverages, and others. Based on Region the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Analysis by Application
Food and beverage are the dominating segment in the market as per classification by application. The food and beverage segment accounted for the largest revenue share at 26.1% by 2022 in the global insulated shipping packaging market. Insulated packaging (IP) for food and beverage preserves stamper resistance, protection from physical damage, and nutritional aspects of the product. Food and beverage products need to be protected from temperature and pressure changes there as they degrade in nature and possibly upon arrival at their destination.
The pharmaceutical segment is predicted to grow at the quickest CAGR of 6.1% over the forecast period. Pharmaceutical IP is subjected to stringent rules worldwide due to its use inside the healthcare sector and the damage it can cause to sufferers due to discrepancies. The elements taken into consideration through regulatory government pertaining to this phase encompass patient protection, shelf life, and migration of packaging merchandise into the drugs, sterility, warmness, moisture, and degradation of medicine by way of oxygen content.
Analysis by Material Type
Corrugated cardboard is the dominating segment in the market. The corrugated cardboard segment accounted for the largest revenue share of 27.7% by 2022. These features make corrugated cardboard stronger and help them withstand higher pressure. Corrugated paper is usually produced through bamboo laminating machines, also known as corrugators. Cardboard has high impact strength, resistance to bending, resistance to tears and impact strength.
Plastics is the fastest growing segment in the market. The plastics segment is expected to register the fastest CAGR of 6.2% during the forecast period. Items to be stored at controlled temperature & pressure are wrapped in plastic. Categories of plastic packaging include red meat (bison, goat, lamb and beef); pork, poultry (turkey and chicken); and seafood. Plastic is also used for packaging and preserving & drying meat for a period ranging from a few months to a few years.
Global Insulated Shipping Packaging Market By Material Type (%)
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Insulated Shipping Packaging Market Regional Insights
North America is the dominating region in the market. Strong medical food and beverage industry with stringent regulatory standards in North America drives demand for high-quality packaged packaging. The region's advanced logistics infrastructure and strong e-commerce presence further supports market growth further. It is expected that the U.S. will overcome the insulated shipping packaging market due to increasing number and expansion of food retailers and growing e-commerce industry. E-commerce is growing exponentially in the country, creating pressure has come upon traditional retail.
Asia Pacific is the fastest growing region in the market. Rapid urbanization, growing middle class and expanding e-commerce activities in Asia Pacific are fueling the demand for insulated shipping containers. Countries such as China, India and Japan are witnessing an increase in online sales and international trade in thermal packaging solutions, demand has increased and both sectors are expected to continue to play a significant role in innovation, adoption and growth in the global insulated shipping packaging market.
Global Insulated Shipping Packaging Market By Geography
- Largest
- Fastest
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Insulated Shipping Packaging Market Dynamics
Drivers
Growing Demand for Thermal Insulation
- The increasing demand for thermoplastic materials, especially in pharmaceuticals, food and beverages, is a major driver of the insulated shipping packaging market. Since materials supply and increased e-commerce activities worldwide, there is a need for effective thermoplastic packaging that can maintain product integrity during transit transport is increased. It motivates the development of solutions that provide high thermal performance and protection against temperature fluctuations.
Rise in the E-commerce Growth and Globalization
- The rapid growth of e-commerce and globalization is increasing the demand for preventive shipping and packaging solutions. As more and more consumers shop online and buy from around the world, there is an increasing need for packaging that can protect products during long-distance transport. Extensive border trade and global shipments for it drives the adoption of protected packaging products across industries, supporting market growth.
Restraints
Stringent Legal Requirements
- Stringent regulatory requirements for packaging and food safety standards are a major restriction for the insulated shipping packaging market. Complying with international laws and standards can be complex and expensive, especially for companies operating globally. Failure to meet these requirements can result in costs, recalls and brand reputation damage, posing challenges for market players.
Changes in Raw Material Costs
- Especially for materials such as EPS (Expanded Polystyrene) and polyurethane foam, fluctuating raw material costs pose an additional challenge to the insulated shipping packaging market. Materials fluctuations in production prices can affect production costs and profits for producers. Furthermore, reliance on petroleum-based products can expose companies to supply chain risks and sustainability concerns, leading to the need for new products and solutions packaging of materials.
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Insulated Shipping Packaging Market Competitive Landscape
Sonoco ThermoSafe and Cold Chain Technologies collaborated on a joint research and development program to innovate and develop new insulated packaging materials, designs and technologies. The partnership facilitated technology sharing, knowledge exchange and joint innovation, enabling both companies to introduce new products, improve existing product offerings and drive growth in product a shipping and the front of insulated packaging Key players in the global insulated shipping packaging market are DS Smith; Amcor plc; Exeltainer; Drew Foam of Georgia; Cryopak; DuPont; MARKO FOAM PRODUCTS and among others.
Top Player’s Company Profiles
- Cryopak
- DuPont
- MARKO FOAM PRODUCTS
- Innovative Energy, Inc.
- Sonoco Products Company
- Thermal Packaging Solutions Ltd.
- Cascades inc.
- The Wool Packaging Company Limited
- Insulated Products Corporation
- Cambro
- ICertech
- Provident Packaging Corp.
- Carry Cool Enterprise
- Peli BioThermal Limited
- Hydropac
- Valor Industries.
- Harwal Group of Companies
- Topa Thermal
- Sofrigam
- Drew Foam
- CREOPACK
- COOL Sarl
Recent Developments
- October 2023: The International Isothermal Container Association (IICSA) announces the launch of its new IICSA Global Standard for Insulated Packaging, a harmonized standard for testing and certification Standards for insulated packaging the new will help ensure that secured packaging meets the highest packaging standards and effort.
- July 2022 - The childed packaging division of Pitreavie Packaging Group experts installed a fully reusable insulated box, creating an insulated packaging solution described as 100% curbside recyclable.
- September 2021- Cryopack, a leader in temperature assured packaging and temperature monitoring devices, launches this one-of-a-kind BOXEDin that uses a box-in-a-box concept. This new pre-qualified EPS shipping method yields higher temperatures and enables heat capacity-sensitive biological transmission. This is the proper form of protection against environmental hazards.
Insulated Shipping Packaging Key Market Trends
- Rise in Adoption Rate of Durable Insulated Packaging Solution: One of the major factors shaping the global market is the growing demand for environmentally friendly packaging solutions to achieve sustainability. As consumers become more environmentally conscious, manufacturers prefer packaging that is made from recyclable, biodegradable materials responding by developing environmentally friendly packaging solutions that reduce carbon footprint and environmental impact. Innovations in sustainability and packaging design are driving the adoption of secured green shipping solutions from various industries, reflecting a broader trend of change sustainable materials in the packaging industry.
Insulated Shipping Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global insulated shipping packaging market is witnessing robust growth, driven by increasing demand for temperature-controlled products, growing e-commerce and globalization but the market also faces challenges such as internal regulations is difficult and variable cost of materials. Despite these challenges, innovative solutions, sustainability programs and growing demand for heat-insulating materials are expected to fuel continued growth in shipping bind the insulated shipping packaging market in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.87 Billion |
| Market size value in 2031 | USD 13.63 Billion |
| Growth Rate | 6.3% |
| Base year | 2023 |
| 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 Shipping Packaging 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 Shipping Packaging 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 Shipping Packaging 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 Shipping Packaging 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 Shipping Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Insulated Shipping Packaging 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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