According to SPER Market Research, the Insulated Shipping Packaging Market is estimated to reach USD 14.85 billion by 2032 with a CAGR of 6.54%. Insulated shipping packaging is a type of packaging designed to protect goods that are sensitive to temperature during transportation. The main purpose of this packaging is to ensure that specific temperature ranges are maintained to prevent any spoilage or damage to the products during shipping. Typically, insulated shipping packaging is used for perishable goods such as food, beverages, and pharmaceuticals that require temperature-controlled transportation. With the growth of e-commerce and cross-border trade, there has been a significant increase in demand for insulated shipping packaging. Fresh and frozen foods, as well as pharmaceuticals, are also contributing to the growth of the market.
Insulated Shipping Packaging Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 6.54%
- Forecast Market Size (2032): 14.85 billion
The insulated shipping packaging market is segmented based on the type of material used, product type, application, and geography. The most commonly used materials for insulated shipping packaging are expanded polystyrene (EPS), polyurethane foam (PU), and vacuum insulated panels (VIP). The product types include boxes, containers, bags, and wraps, among others, and the applications include food and beverages, pharmaceuticals, chemicals, and others. The leading markets for insulated shipping packaging are North America and Europe due to the high demand for temperature-sensitive products in these regions. The Asia Pacific region is also experiencing rapid growth in the market due to the increasing demand for fresh and frozen foods and the growth of the pharmaceutical industry.
Impact of COVID-19 on the Insulated Shipping Packaging Market
The global insulated shipping packaging market has been significantly impacted by the COVID-19 pandemic. Due to the rise in e-commerce and online shopping, along with the increased demand for temperature-sensitive products such as food and pharmaceuticals, the demand for insulated packaging solutions has increased. However, the pandemic has also caused supply chain disruptions and reduced production levels due to lockdowns and travel restrictions.
The shift in consumer behavior towards online shopping has required companies in the insulated shipping packaging market to increase their production capacity and adapt to the changing market conditions. Despite this, there have been challenges such as raw material shortages, increased production costs, and logistic difficulties. Furthermore, the closure of factories and distribution centers has caused delivery delays and impacted the supply chain.
In conclusion, while the COVID-19 pandemic has presented challenges for the global insulated shipping packaging market, it has also created opportunities for growth and expansion as companies strive to meet the increasing demand for temperature-sensitive products in the e-commerce and online shopping industries.
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Insulated Shipping Packaging Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Material Type:
- Pneumatic
- Polystyrene
- Extended Polystyrene (EPS)
- Extruded Polystyrene (XPS)
By Capacity:
- Up to 5 L
- 5L- 10L
- 10L -15L
- Above 15L
By Sales Channel:
- Specialty/Departmental Stores
- Online
- Distributors
By End-Use:
- Food & Beverages
- Pharmaceuticals
- Chemicals
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
America's reliance on plastic packaging materials like EPS, EPP, polyurethane, and others is likely to increase demand for sustainable packaging options like paper in the future years. Increasingly severe laws governing the use of plastic materials for packaging are projected to present substantial hurdles for European makers of insulated shippers. In Last six years, the European Union enacted a regional ban on single-use plastic, pushing package makers to invest in the development of sustainable packaging alternatives.
Insulated Shipping Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; COOL Sarl, Creo pack packaging, Cryopak, Drew foam companies, Harwal groups, Marko foam products, Radwa Corporation, Sofrigam, Sonoco products, Topa thermal.
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Insulated Shipping Packaging Market Future Trends
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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.
SummaryInsulated 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 2023Insulated Shipping Boxes Market OverviewInsulated 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 PlayersDeutsche 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 UpdatesIn October 2018, OptumRx, a specialist in pharmacy care services, has switched from expanded polystyrene to biodegradable and recyclable material for its refrigerated home delivery packagingIn 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 companiesMarket SegmentationThe 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.
