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Insulated Shipping Packaging Market Potential Analysis, Key Drivers, Emerging Growth, Trends And Forecast To 2033
Insulated Shipping Packaging Market
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.
Market Overview -
Insulated shipping packaging refers to a type of packaging that controls the temperature of a product and aids in shipping various items that are temperature-sensitive. Insulated packaging protects products from temperature and pressure fluctuations, as well as physical harm. The insulated shipping packaging is used for the preservation of product freshness and efficacy.
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Rising Frozen Food Consumption Drives Growth In Insulated Shipping Packaging Market
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.
Competitive Landscape -
Major companies operating in the insulated shipping packaging market include 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, Topa Thermal, W.W. Grainger Inc., Deutsche Post DHL Group, Huhtamaki Oyj, Constantia Flexibles Group GmbH, Greiner Group AG, Innovia Films Limited, Winpak Ltd., Polar Tech Industries Inc., Insulated Products Corporation, Cold Ice Inc., Insulated Packaging Systems (IPS), Thermal Shipping Solutions, American Aerogel Corporation, Insulated Transport Products, Cold Chain Technologies, Envirotainer AB, Pelican BioThermal LLC, Softbox Systems Ltd.
Technological Innovations Reshape The Insulated Shipping Packaging Market
Technological advancements are a key trend gaining popularity in the insulated shipping packaging market. Major companies operating in insulated shipping packaging are developing new technologies to strengthen their position in the market. For instance, in September 2021, Lifoam Industries, a US-based company, launched Envirocooler insulated shippers with bioffex technology. BioffexTM technology combines a proprietary manufacturing technique with plant-based raw ingredients to produce revolutionary foam insulation made entirely of renewable materials.
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Key Segments -
The insulated shipping packaging market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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