Summary
Insulated Shipping Boxes Market Size, Share, Trends, Growth, Analysis, Future Scope— By Material (Glass, Plastic, Wood, Cupboard), Packaging type (Box & Container, Flexible Blanket, Bags, Wraps), Application (Food & Beverage, Industrial Goods, Personal Care), Region — Global Forecast Till 2023
Insulated Shipping Boxes Market Overview
Insulated Shipping Boxes is made from materials with low thermal conductivity and higher heat resistance. The production and supply of temperature sensitive products from pharmaceutical, cosmetic and other industries have increased significantly, which is resulting in the development of high quality Insulated Shipping Boxes.
Market Research Future (MRFR) has published a detailed report stating that the global Insulated Shipping Boxes Market is anticipated to expand moderately at a CAGR of 5.68% during the forecast period of 2017-2023.
Factors such as the need for maintaining product efficiency, performance, and safety in diverse industries are driving the demand for Insulated Shipping Boxes globally. Increasing disease prevalence and increasing health awareness among consumers are the other important factors for the market growth.
Key Players
- Deutsche Post DHL (Germany)
- Amcor Ltd. (Australia)
- I. Du Pont De Nemours and Co. (the U.S.)
- Huhtamaki OYJ (Finland)
- Sonoco Products Company (the U.S.)
- Exeltainer (Spain)
- American Aerogel Corporation (the U.S.)
- Thermal Packaging Solutions (Australia)
- TemperPack (the U.S.)
- Insulated Products Corp (the U.S)
- Davis Core & Pad Co.(the U.S.)
Industry Updates
In October 2018, OptumRx, a specialist in pharmacy care services, has switched from expanded polystyrene to biodegradable and recyclable material for its refrigerated home delivery packaging
In October 2018, Borealis, an Austria-based leader of innovative solutions in the field of base chemicals, polyolefins and fertilizers, has announced a strategic alliance with Bockatech, a U.K. based provider of patented EcoCore technology which is a new plastic molding technology for sustainable Insulated Shipping Boxes.
In October 2018, Aqua-Pak, a provider of logistics, Insulated Shipping Boxes consulting and design services, has announced that it has acquired Mansonville plastic group of companies
Market Segmentation
The global Insulated Shipping Boxes Market has been segmented on the basis of material, packaging type and application. Based on material, the Insulated Shipping Boxes market has been segmented into glass, plastic, wood, cupboard, and others.
Based on packaging type, the Insulated Shipping Boxes market has been segmented into box & container, flexible blanket, bags, wraps, and others. Based on application, the Insulated Shipping Boxes market has been segmented into food and beverage, industrial, personal care, healthcare and others. Among these, the food and beverage segment is expanding with a significant market share in the global Insulated Shipping Boxes market.
Market Drivers and Restraints
Rapid increase in global population is inducing high demand for various products with improved shelf life. Insulated Shipping Boxes provides the contents with protection against the damage caused by heat. Increased production of temperature-sensitive products in various industries such as food and beverages, pharmaceutical, cosmetic and others is inducing high demand for Insulated Shipping Boxes solutions, resulting in the expansion of the global Insulated Shipping Boxes market.
Regional Analysis
Geographically, the global Insulated Shipping Boxes market has been segmented into four major regions such as Asia Pacific, North America, Europe, and the Middle East and Africa. The Asia Pacific region is market to project dominance over the global Insulated Shipping Boxes market. High demand for Insulated Shipping Boxes in rapidly developing pharmaceutical and food and beverages industries is majorly driving the Insulated Shipping Boxes market in the Asia Pacific region. In North America region, the Insulated Shipping Boxes market is majorly driven by the increasing demand for ready-to-eat food products, high-quality cosmetic products and other materials that require Insulated Shipping Boxes in this region. Increasing utilization of Insulated Shipping Boxes in the pharmaceutical is Insulated Shipping Boxes Market majorly driving the Insulated Shipping Boxes market in the Europe region.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the insulated styrofoam shipping boxes market include THIMM THE HIGHPACK GROUP, Sonoco Products Company, Cryopak, Topa Thermal, Radwa Corporation, Zhuhai Ronghui Packaging Products Co., Ltd., Loboy, XiMan Industrial Co., Limited, Harwal Group,Drew Foam Companies Inc., Marko Foam Products, COOL Sarl, W.W. Grainger, Inc., Guangzhou Elephant Color Printing & Packaging Co., Ltd, and Others..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Insulated Styrofoam Shipping Boxes Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/insulated-styrofoam-shipping-boxes-market/download-sampleMarket Dynamics The growth in the local and international moving of goods, and a growing number of players in the cultivation of organic food, and the rise in the production of various organic products are the major factor driving the insulated styrofoam shipping boxes market.
The rising usage of insulating Styrofoam shipping boxes over refrigerated containers due to its compact size saves electricity, leading to high market demand in packaging and transporting of products to keep the freshness and quality intact.
The rising demand for pharmaceuticals and availability of options to re-shape the existing insulated styrofoam shipping box into the desired shape within a small time duration is positively impacting the Insulated styrofoam shipping boxes market's growth.
Moreover, growing development in the sectors like medical, food and beverage, and chemicals is likely to create lucrative growth opportunities for key players of the Insulated styrofoam shipping boxes market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
