Global Insulated Shipping Packaging Market

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 2024-2031

Report ID: SQMIG25A2235 | Region: Global | Published Date: April, 2024
Pages: 220 | Tables: 94 | Figures: 78

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.

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Insulated Shipping Packaging Market size was valued at USD 7.87 Billion in 2022 and is poised to grow from USD 8.36 Billion in 2023 to USD 13.63 Billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).

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 insulated shipping packaging market are DS Smith; Amcor plc; Exeltainer; Drew Foam of Georgia; Cryopak; DuPont; MARKO FOAM PRODUCTS and among others. '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'

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 Adoption Rate of Durable Insulated Packaging Solution: One of the major factors shaping the 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.

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.

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Global Insulated Shipping Packaging Market

Report ID: SQMIG25A2235

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