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Insulated Shipping Packaging Global Market Report 2024Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Insulated Shipping Packaging Global Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Insulated Shipping Packaging Market Report Structure
3. Insulated Shipping Packaging Market Trends And Strategies
4. Insulated Shipping Packaging Market - Macro Economic Scenario
5. Insulated Shipping Packaging Market Size And Growth
…..
27. Insulated Shipping Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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