Press release
Insulated Shipping Packaging Market 2024- 2033| Amcor PLC, Cryopak, Davis Core & Pad Company, DS Smith PLC, DuPont de Nemours Inc., COOL Sarl, CREOPACK
The Business Research Company presents an extensive market research report on the ""Insulated Shipping PackagingGlobal Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the insulated shipping packaging industry. This report on insulated shipping packaging market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The insulated shipping packaging market size has grown strongly in recent years. It will grow from $7.39 billion in 2023 to $7.88 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growth in e-commerce and online retailing activities, increase in temperature-sensitive product shipments (e.g., food, pharmaceuticals), stringent regulations for temperature-controlled shipping and cold chain compliance, expansion of the biopharmaceutical and life sciences industry, demand for sustainable and eco-friendly packaging solutions.
The insulated shipping packaging market size is expected to see strong growth in the next few years. It will grow to $10.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to adoption of advanced phase change materials (PCMs) for temperature control, integration of smart sensors and IoT for real-time monitoring of shipments, rising demand for personalized and customized packaging solutions, expansion of cell and gene therapy shipments in biopharmaceuticals, research and development in next-generation insulated packaging materials.
Major trends in the forecast period include use of high-performance insulation materials, integration of active and passive cooling technologies, customized and tailored packaging designs, smart packaging with temperature sensors and trackers, testing and validation of packaging performance.
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Key Market Players:
Amcor PLC, Cryopak, Davis Core & Pad Company, DS Smith PLC, DuPont de Nemours Inc., COOL Sarl, CREOPACK, Drew Foam Companies Inc., Harwal Group, Integreon Global, Marko Foam Products Inc., Sofrigam SA, Sonoco Products Company.
Market Drivers:
According to the Insulated Shipping Packaging Market Report 2024 by The Business Research Company, an increase in the consumption of frozen food is contributing to the growth of the insulated shipping packaging market going forward. Frozen food refers to the food that has been subjected to rapid freezing and is kept frozen until used. Insulated shipping packaging is used to keep frozen food at a constant temperature. For instance, according to the American Frozen Food Institute, FMI Study, a US-based trade association, in February 2022, the frozen food sales has increased by 8.6% that is $72.2 billion in 2022. An increase in the consumption of frozen food will drive the growth of the insulated shipping packaging market.
More information about the Global Insulated Shipping Packaging Market Report - https://www.thebusinessresearchcompany.com/report/insulated-shipping-packaging-global-market-report
Market segments for insulated shipping packaging include:
1) By Type: Pouch And Bags, Box And Containers, Other Type
2) By Material: Plastic, Wood, Glass, Other Material
3) By End User: Food And Beverages, Industrial, Pharmaceuticals, Beauty And Personal Care, Other End-User Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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