Global Insulated Packaging Market: Trending in 2021
New York, NY 4 June 2021: The global Insulated Packaging market is anticipated to reach USD 21.5 billion by 2026 according to a new research published by Polaris Market Research. In 2018, the food and beverage segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue in 2018.
The increasing disposable incomes and growing demand for fresh and natural products drives the market growth. Growing urbanization, and improving living standards of consumers have increased the demand for insulated packaging solutions. The growing need for temperature sensitive packaging, improved shelf life of products, and high demand from the food and beverage sector boost the insulated packaging market growth.
The demand for insulated packaging has increased from industries such as cosmetics, pharmaceutical, chemicals among others. The increasing demand for fresh products, growth in pharmaceutical industry, increasing trend of e-commerce, and growing demand from the emerging economies are factors expected to offer numerous growth opportunities for the insulated packaging industry during the forecast period.
A major application of insulated packaging is in the pharmaceutical industry. Insulated packaging uses simple materials such as cotton fiber pads for blocking the heat and high maintenance of quality during transit. Insulated packaging comfortably maintains the temperature of packages between 2-8 degrees C for more than 24 hours. This packaging offers medical sterilization owing to its capability to provide a strong sterile barrier. It provides heat resistance, which increases shelf life and ease of use. It is widely used in hospitals and by medical equipment and medical disposables manufacturers. This technology also opens up new avenues of service, where patients with chronic illness can get medications delivered at home.
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Asia-Pacific generated the highest market share in terms of revenue in 2018 in the insulated packaging industry, and is expected to lead the global market throughout the forecast period. The growing population, rising disposable incomes, and increasing living standards support the growth of insulated packaging industry in the region. The increasing demand from the food and beverage, and pharmaceutical industry is expected to generate numerous opportunities for the industry during the forecast period.
The well-known companies profiled in the report include Amcor Limited, E.I. Du Pont De Nemours and Co., Davis Core & Pad Company, Sonoco Products Company, Innovative Energy, Inc, Deutsche Post AG, Marko Foam Products, Inc., Huhtamaki Group, Providence Packaging, and The Wool Packaging Company Limited. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.
Polaris Market Research has segmented the global insulated packaging market on the basis of type, product, material, end-use and region:
Insulated Packaging Type Outlook (Revenue, USD Million, 2015 – 2026)
- Rigid
- Flexible
- Semi-Rigid
Insulated Packaging Product Outlook (Revenue, USD Million, 2015 – 2026)
- Boxes and Containers
- Bags and Pouches
- Wraps
- Others
Insulated Packaging Material Outlook (Revenue, USD Million, 2015 – 2026)
- Paper
- Wood
- Plastic
- Glass
- Others
Insulated Packaging End-User Outlook (Revenue, USD Million, 2015 – 2026)
- Food and Beverage
- Healthcare
- Pharmaceutical
- Cosmetics
- Others
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.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 bags market include Coleman, Wildkin, Everest, Arctic Ice, Engel, Arctic Zone, Mammoth, Green Bag America, Dometic, Xiamen Ason Products Co. Ltd.
This section includes 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 Bags Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/insulated-bags-market/download-sampleMarket DynamicsThe rising trend of ready to eat food products, preserved food items such as fish and meat, fast food deliveries, and others have caused an increased demand for insulated bags.
Many restaurants and food delivery services use insulated bags for excellent delivery, which is also great for promoting business and expanding the brand's reach.
Apart from the food industry, the market also has significant use in the pharmaceutical industry.
Among regions, Asia Pacific is exhibiting the highest growth rate.
