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Top Market Shifts Transforming the Insulated Shipping Packaging Market Landscape: Key Insights
Insulated Shipping Packaging Market
What Is the Expected CAGR for the Insulated Shipping Packaging Market Through 2025?
The market for insulated shipping packaging has seen a steady increase in size over recent years. The projection is that it will expand from $7.82 billion in 2024 and hit $8.18 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.7%. This sustained growth during the historic period can be attributed to factors such as a surge in e-commerce and online retail activities, a rise in shipping of items sensitive to temperature changes such as processed food and medication, stricter regulations regarding temperature-controlled shipping, cold chain compliance, the expansion of the biopharmaceutical and life sciences industries, and a growing demand for sustainable and environmentally friendly packaging alternatives.
What's the Projected Size of the Global Insulated Shipping Packaging Market by 2029?
There is predicted to be a robust rise in the insulated shipping packaging market size over the coming years. The market is projected to ascend to 10.91 billion US dollars in 2029, with a compound annual growth rate of 7.5%. This anticipated progress during the forecast period is due to factors such as the application of sophisticated phase change materials for maintaining temperature, the usage of smart sensors and IoT for live tracking of shipments, increasing preference for personalized and tailor-made packaging options, the expansion of cell and gene therapy transfers in the biopharmaceutical realm, and R&D in the field of next-gen insulated packaging materials. Key trends to note during the prediction period include the utilization of high-grade insulation materials, amalgamation of active and passive cooling systems, custom-made and optimal packaging designs, intelligent packaging equipped with temperature sensors and trackers, and the examination and validation of packaging performance.
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Top Growth Drivers in the Insulated Shipping Packaging Industry: What's Accelerating the Market?
The insulated shipping packaging market is witnessing growth, driven by the rising consumption of frozen food. Frozen food, defined as food items subjected to quick freezing and preserved frozen until use, requires insulated shipping packaging to maintain a steady temperature. Citing the American Frozen Food Institute, FMI Study, a trade association in the US, the sales of frozen food rose by 8.6%, equalling $72.2 billion in February 2022. As such, the escalating consumption of frozen food enables the expansion of the insulated shipping packaging market.
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Which Fast-Growing Trends Are Poised to Disrupt the Insulated Shipping Packaging Market?
The emergence of technological innovations is a crucial trend gaining traction in the insulated shipping packaging market. Renowned companies within the insulated shipping packaging realm are introducing novel technologies to fortify their market standing. Lifoam Industries, an American enterprise, has unveiled Envirocooler insulated shippers, equipped with Bioffex technology. BioffexTM technology is a game-changer, merging a distinctive manufacturing process with plant-derived raw ingredients to create a ground-breaking foam insulation composed entirely of renewable substances.
What Are the Main Segments in the Insulated Shipping Packaging Market?
The insulated shipping packagingmarket 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
Subsegments:
1) By Pouch and Bags: Insulated Pouches, Insulated Bags (Soft-sided), Rigid Insulated Bags
2) By Box and Containers: Insulated Boxes, Thermal Shipping Containers, Pallet Shippers
3) By Other Types: Insulated Pallets, Insulated Wraps and Liners, Custom Insulated Solutions
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Which Top Companies are Driving Growth in the Insulated Shipping Packaging Market?
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.
Which Regions Will Dominate the Insulated Shipping Packaging Market Through 2029?
North America was the largest region in the insulated shipping packaging market in 2024. The regions covered in the insulated shipping packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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