Insulated Packaging Market 2020 Business Insights and Global Outlook - Huhtamaki Oyj, Thermal Packaging Solutions, Amcor Limited, Cryopak

Global Insulated Packaging Market - Growth, Trends, And Forecast (2020 - 2023)

The report presents an in-depth assessment of the Global Insulated Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Insulated Packaging investments from 2020 till 2023.

The global insulated packaging market was valued at USD 12.11 billion in 2017 and is expected to reach USD 16.65 billion by 2023 registering a CAGR of 5.45% during the forecast period of 2018- 2023.

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Thermal abuse is a primary concern during the distribution of temperature dependent goods in food, pharmaceuticals, electronics, etc. Owing to this, the demand for insulated packaging is growing as it can help maintain temperatures within an acceptable range and slow down the rate of deterioration of goods during distribution. Moreover, ease of fabrication and transportation, cost-effectiveness, good mechanical strength and high resistance to heat transfer, are some of the features possessed by these materials, which are facilitating the growth of the insulated packaging market. Also, a rise in participation by companies to sustain market interest, coupled with growing government funding is projected to drive the market over the forecast period.

The Global Insulated Packaging market is highly competitive and consists of a number of major players. Companies, like�Huhtamaki Oyj, Thermal Packaging Solutions, Amcor Limited, Cryopak, Sonoco Products Company, Dupont, Innovative Energy, Inc., American Aerogel, Davis Core & Pad Company, Marko Foam Products, The Wool Packaging Company Limited, Ds Smith Plastics, And Providence Packaging, among others.

Latest news and developments:

April 28, 2020: DuPont (NYSE:DD), makers of Tyvek, announced that it has entered into an exclusive agreement with Cold Chain Technologies, LLC (CCT) for the global production, sales, distribution, and technical service of Tyvek Cargo Covers for the life sciences. Effective July 15, 2020, CCT will assume responsibility for pre- and post-sales customer questions and support related to DuPont Tyvek Cargo Covers. Prior to July 15, customers will continue to work directly with DuPont for new and existing orders. The new partnership will provide customers with the same high quality and reliable performance they have come to expect of DuPont Tyvek Cargo Covers, now with improved customer and technical services tailored specifically to the manufacturers and distributors of temperature-sensitive, life-science products. The respective core technologies of both companies are highly complementary, and customers can expect to benefit from future innovations arising from this collaboration.

March 20, 2017: Whilst TP3 Global's SilverSkin product portfolio already offers multiple solutions, Polar Thermal's range of fabric based, high performance protection for the Military, Healthcare and Clinical Trial industries enhances customer choice. The Alliance widens the range of supply chain insulation products available including specialist blood bag transportation solutions, 'last mile' vaccine dispensers, reusable 2-8C clinical trial bag systems and more. The military range includes products that support the medical supply chain, field electronics cooling, battlefield thermal protection and perishable food temperature protection.

Increasing Consumption of Temperature Sensitive Goods Drive the Market

The growing consumption of temperature sensitive materials, especially, food & beverages are driving the market. Moreover, a rise in demand for food products with longer shelf life in the developing countries, such as India and China, is further driving the demand for insulated packaging. Due to this, a significant number of companies are shifting their focus toward developing solutions based on thermal resistant raw materials such as polystyrene, EPS styrofoam, polyethylene, and polyurethane to supersede technological and environmental challenges. Besides, certain cosmetic products are also required to be kept at a stable temperature relative to ambient extremes, are expected to drive the demand for insulated packaging.

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Key Market Trends:

Pouches to Have the Highest Market Share

Pouches are considered to be one of the most affordable packaging options across major sectors fulfilling industry demands, specifications, and regulations. Also, pouches are available in a variety of forms, which include retort, stand-up, shaped, spouted, zipper, etc. With increasing consumption of products in small volumes, the consumption of sachets is witnessing higher demand. To cater to the needs of dynamic consumerism, end-user industries are looking for lightweight packaging solutions which offer durability, high strength, and insulation from the external environment. This has led to a focus on pouches being made from different raw materials, with improved protection against external barriers and fulfilling the needs of the industry. Also, with beverage industry consuming pouches and expanding the products offered in flexible pouches, the demand for pouches is expected to increase.

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The key insights of the Insulated Packaging Market report: �
The report provides key statistics on the market status of the Insulated Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Insulated Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2023 market development trends of Insulated Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Insulated Packaging Industry before evaluating its feasibility.

Finally, Insulated Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Insulated Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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