Insulated Packaging Market with Current Trends Analysis, 2017-2023
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The combined form of packaging and type of insulation material determine its installation method. Thermal conductivity (K) plays an important role while selecting the insulation material. The lower the thermal conductivity, the better the heat resistance (R), thereby resulting in better insulation. Depending on the thermal conductivity, variety of insulating materials are available for different temperature ranges. Some of the most common insulated packaging materials include Expanded Polystyrene Foam (EPS), Polyurethane (PUR) foam, insulating cement, expanded silica, radiant barrier films, mineral fiber, etc. The most widely used forms of insulated packaging include flexible sheets, pre-formed shapes, box, bags, flexible blankets, rigid boards, etc.
Insulated Packaging Market: Drivers & Restraints
High disposable income and increasing healthcare awareness among consumers has led to the rise in global demand for Fast Moving Consumer Goods (FMCG) and product safety, thereby driving the market growth further. Owing to its value added applications in industries such as healthcare and food & beverages, the market for fresh food packaging is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focus more on delivering the product intact in the local market.
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However, sustainability of the insulated packaging market majorly depends on the price and supply of raw materials. Presence of big and small packaging firms has created a highly competitive environment for players operating in the insulated packaging market.
Insulated Packaging Market: Segmentation
The global insulated packaging market is further segmented into following types:
By Material Type
Expanded Polystyrene foam (EPS)
Polyurethane (PUR) Foam
Vacuum Insulated Panel
Radiant Barrier Films
By Packaging Form
Box and Container
Food and Beverages
Fast Moving Customer Goods
Insulated Packaging Market: Region-wise Outlook
By geography, the global insulated packaging market has been classified into seven key regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, the Middle East & Africa, and Japan. The global insulated packaging market is anticipated to expand at a double digit CAGR over the forecast period. Asia Pacific is expected to be the most attractive market for insulated packaging due to rise in end use applications of the packaging type in the region. As of 2016, China is the largest insulated packaging market in Asia Pacific, followed by India, and the market in these countries is expected to grow rapidly in the near future. North America, followed by Western Europe, are the other prominent regions projected to hold a promising future growth potential in the insulated packaging market by the end of 2026.
Insulated Packaging Market: Key Players
Deutsche Post DHL
Du Pont De Nemours and Co
Nippon Paper Group
Cold Chain Technologies
Thermal Packaging Solutions
Polar Tech Industries Inc.
Suzhou Star New Material Co., Ltd
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Insulated Packaging Market 2018 MarketResearchFuture adds “Insulated Packaging Market 2018: Global Industry Analysis and Opportunity Assessment, Forecast to 2022”reports to its Database. Key Players The key players of global insulated packaging market are Deutsche Post DHL (Germany), E.I. Du Pont De Nemours and Co. (U.S.), Huhtamaki OYJ (Finland), Sonoco Products Company (U.S.), Exeltainer (Spain), American Aerogel Corporation (U.S.), Thermal Packaging Solutions (Australia), TemperPack (U.S.), Insulated Products Corp (U.S), and Davis Core &