Press release
Insulated Packaging Market Worth $18.4 Billion By 2025 | CAGR: 5.1%
Insulated Packaging
Global insulated packaging market is expected to rise from its initial estimated value of USD 12.79 billion in 2018 to an estimated value of USD 19.37 billion by 2026, registering a CAGR of 5.32% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand of packaging methods for goods that are susceptible to temperature variations.
Key data and information used while preparing this Global insulated packaging report has been collected from the consistent sources that range from journals, websites, research papers, case studies, and magazines. Competitor strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions can be utilized well by the Materials & packaging industry to take better steps for selling goods and services. Global insulated packaging market report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years.
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Market Definition: Global Insulated Packaging Market
Insulated packaging can be described as a type of packaging solution that is used for maintaining the optimal temperature for the goods and materials to be shipped. They are constituted to be a part of cold chain supply of goods, where there is continuous and refrigeration and temperature maintenance so that the quality and product effectiveness is maintained throughout.
Key Market Competitors:
Few of the major competitors currently working in the insulated packaging market are Amcor Limited, American Aerogel, Cryopak, Davis Core & Pad Company, DS Smith, DuPont, Huhtamaki, Innovative Energy Inc., MARKO FOAM PRODUCTS, Providence Packaging, Sonoco Products Company, The Wool Packaging Company Limited, TP Solutions, Pelican BioThermal, ShipItCold, Topa Thermal Packaging, TP3 Global, Polar Thermal Packaging Ltd., Insulated Products Corporation, and Therapak LLC.
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Market Drivers:
Significant rise of e-commerce and the subsequent demand from the industry is expected to drive the market growth
Growth in consumption of goods susceptible to varying temperatures is also expected to act as a driver to the market growth
Market Restraints:
Strict regulations posed by the authorities regarding the use of raw materials is expected to restrain the market growth
High cost of maintenance of these products related to the constant use of these products is also expected to restrain the market growth
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Key Developments in the Market:
In May 2017, Cryopak announced a partnership with Purolator Inc. for the logistics, transportation supplying solutions. This partnership is expected to ensure the regional dominance of Cryopak for logistics and associated solutions.
In March 2017, TP3 Global and Polar Thermal Packaging Ltd. announced the initiation of a partnership and strategic alliance that is expected to widen the product portfolio and offerings to the end-users.
Segmentation:
By Material
Plastic
Wood
Glass
Others
By Product
Pouch & Bags
Box & Containers
Others
By End-Use
Food & Beverage
Industrial
Pharmaceuticals
Cosmetics
Others
By Geography
North America
South America
Europe
Asia Pacific
Middle East & Africa
Browse Detailed TOC, Tables and Figures: https://databridgemarketresearch.com/toc/?dbmr=global-insulated-packaging-market
Contact:
Sopan Gedam
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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