Global Insulated Packaging Market to witness a CAGR of 4.8% during 2018-2024
The global insulated packaging market is projected to witness a CAGR of 4.8% over the forecast period. The market is likely to expand from USD 12.0 billion in 2017 to USD 16.8 billion by 2024. The growth can be primarily attributed to the increasing use of insulated packaging in the food and beverage sector in order to prevent spoilage and extend the shelf life of perishable products. Also, it keeps the products refrigerated, frozen, as well as warm so as to minimize the impact of variable temperature. Moreover, the expanding use of insulated packaging in pharmaceutical application has promoted market growth over the coming years.
In addition, surge in the urban population, primarily in the emerging economies has improved the lifestyle of the people and thereby fueled the demand for insulated packaging. Furthermore, the technological advancements in the industry have led to the evolution of environmental friendly packaging solutions while using agricultural waste, mycelium and mushrooms instead of plastics and metals. These packaging solutions are high performing, naturally aesthetic, as well as cost effective than most fabricated plastic foams.
Food & beverage segment accounted for the major share of the market owing to high use
Insulated packaging is significant for several applications across a diverse range of industries. Its growing use in food, pharmaceutical, cosmetics as well as various industrial applications has fostered market growth.
However, the food and beverage segment is expected to hold the major share of the market as insulated packaging helps retain the original taste and preserve nutritional value of multiple perishable items such as fruits, vegetables, drinks, dairy products and more. Therefore, there is an augmenting use of insulated packaging for food products on account of temperature changes that may alter their physical properties and render them inconsumable.
Insulated Packaging Market – Regional insight
Asia Pacific emerged as the leading regional market on account of growing urban population and food safety concerns. Rise in the income level has not only improved the living standard of people but also increased the demand for personal care products and cosmetics. The aforementioned factors have propelled market growth over the next coming years. Also, the region is expected to emerge as the fastest growing over the forecast period.
Browse full research report with TOC on “Global Insulated Packaging Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024” at: https://www.energiasmarketresearch.com/global-insulated-packaging-market-report/
To purchase report : email@example.com
Key findings from the report:
The global insulated packaging market is likely to reach USD 16.8 billion by 2024
Rigid packaging segment accounted for the major share of the market in 2017, and the trend is expected to continue over the forecast period
Food and beverage emerged as the largest application segment, depicting significant growth from 2018 to 2024
Asia Pacific is projected to witness the highest CAGR over the forecasted period, while holding the maximum share of the global market
Some of the key companies operating in the industry include Deutsche Post AG, DowDuPont Inc., Amcor Limited, Sonocco Products Company, Huhtamaki Group, Constantia, Sofrigam, Cold Ice, Inc., Ecovative, Innovative Energy Inc., among others.
As of May 2017, Plasticos Team S.A.S., a leading food producer in Colombia was acquired by Amcor Ltd. from Team Foods Colombia S.A., so as to expand its specialty container business in the Latin American region.
The report segments insulated packaging market on the basis of material type, type, application and region.
By Material Type
Food & Beverage
Middle east & Africa
Central & South America
About Energias Market Research Pvt. Ltd.–
Energias Market Research Pvt. Ltd. publishes high quality reports, in-depth market research studies, to help clients obtain investment level clarity on current business scenario, trends and segmentation for their future developments. We are committed to our client’s needs, by providing high quality custom reports solutions best fit for strategy development and implementation to high return of invest (RoI).
With a wide range of expertise from various industrial sectors and more than 50 industries that includes energy, chemical and materials, information and communication technology, semiconductor and electronics industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
For any queries email us: firstname.lastname@example.org
To purchase report: email@example.com
Call us: +1-716-239-4915
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Insulated Packaging Market to witness a CAGR of 4.8% during 2018-2024 here
News-ID: 1044188 • Views: 375
More Releases from Energias Market Research
Global Printed Circuit Board (PCB) Market to Witness a CAGR of 4.2 % during 2018 …
The global printed circuit board (PCB) market was valued at USD 60.42 billion in 2017, and is expected to reach USD 80.38 billion by 2024, at a CAGR of 4.2%. Factors driving the growth of the market are; rising adoption of automation in various end-user industries, growing demand for wireless devices, increasing miniaturization of devices, surging need for more efficient interconnect solutions, and rapid growth in flexible circuits. Owing to
Residential Solar Energy Storage System Industry is Growing Exponentially in Ord …
Worldwide Market Reports added Latest Research Report titled “Global and Chinese Residential Solar Energy Storage System Industry, 2018 Market Research Report” to its Large Report database. The ‘Global and Chinese Residential Solar Energy Storage System Industry, 2013-2023 Market Research Report’ is a professional and in-depth study on the current state of the global Residential Solar Energy Storage System industry with a focus on the Chinese market. The report provides key statistics
Rising Number of Industrial Applications to Foster the Growth of “Residual-Cur …
Worldwide Market Reports added Latest Research Report titled “Global and Chinese Residual-Current Circuit Breaker (RCCB) Industry, 2018 Market Research Report” to its Large Report database. The ‘Global and Chinese Residual-Current Circuit Breaker (RCCB) Industry, 2013-2023 Market Research Report’ is a professional and in-depth study on the current state of the global Residual-Current Circuit Breaker (RCCB) industry with a focus on the Chinese market. The report provides key statistics on the market
Crystalline Silicon Photovoltaic Report Study, Synthesis and Summation 2016-2022
Worldwide Market Reports added Latest Research Report titled “United States Crystalline Silicon Photovoltaic Market Report 2017” to its Large Report database. In this report, the United States Crystalline Silicon Photovoltaic market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven
More Releases for Insulated
Global Insulated Cables Market | Global Insulated Cables Industry | Insulated Ca …
The insulated cables market comprises of sales of insulated cables and correlated services that are optimized in numerous applications such as electrical equipment, construction, telecommunications, and motor vehicles. The insulated cable is a cable that is impervious to electric current as it comprises of non-conductive material. Insulated cables are utilized in lights, fans, computers, television, and telephone. According to the report analysis, ‘Insulated Cables Global Market Report 2020-30: Covid 19 Impact
Insulated Pipe Global Market Research Report 2025
Insulated Pipe Report by Material, Application, and Geography Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). Access more details about this report at: https://www.research2reports.com/report-chemical/insulated-pipe-market/81327 The report firstly introduced the Insulated Pipe basics: definitions, classifications, applications and market
Global Insulated-Gate Bipolar Transistors Market Research
Global Insulated-Gate Bipolar Transistors Market Research Protected Gate Bipolar Transistor (IGBT) is a power semiconductor gadget and significantly discovers application in switch, beat tweak and stage control among others. This gadget contends with other power semiconductor gadgets including power MOSFETs, Silicon-Carbide (SiC), Gallium-Nitride (GaN). IGBT has been picking up interest attributable to bring down exchanging misfortunes and higher unwavering quality, which features highlights including higher productivity and better warm execution.
Insulated Shipping Containers Market Research Report 2018
This report studies the global Insulated Shipping Containers market status and forecast, categorizes the global Insulated Shipping Containers market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-insulated-shipping-containers-2018-478 Gateway Container International Limited Company Port Containers LLC. Containers Direct Ltd China International
Temperature Controlled Pharmaceutical Packaging Solutions (TCPPS) Market is Segm …
“Temperature Controlled Pharmaceutical Packaging Solutions (TCPPS) Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”, FMI’s latest report estimates the global temperature controlled pharmaceutical packaging solutions market to increase at 9.3% CAGR through 2026. The report estimates the market to rake in US$ 2.77 Bn in revenues by the end of 2016. What’s Driving Global Demand for Temperature-controlled Packaging Solutions? Focus on preventing temperature excursion and delivering drugs in a timely manner without any degradation
Air Insulated Switchgear Market Progression Snapshot 2025
Global Air Insulated Switchgear Market: Overview Substations that employ air insulated switchgear primarily use air for phase to ground and phase to phase insulation and have been in operation years prior to the introduction of gas insulated switchgear substations. Air insulated switchgear substations are best fitted for expedited installations as they require less construction time. Moreover, it is easy to attend to faults as all the equipment are within view,