Insulated Packaging Market Share, Size, Trends & Industry Analysis Report, By Type (Rigid, Flexible, Semi-Rigid); By Product (Boxes and Containers, Bags and Pouches, Wraps, Others); By Material; By End-User; By Regions: Segment Forecast, 2018 - 2026

The global insulated packaging market was valued at USD 13.30 billion in 2017 and is anticipated to grow at a CAGR of 5.6% during the forecast period. Insulated packaging is used in the logistics of thermally sensitive products. It helps to maintain the inside temperature of the packaging, while reducing the outer heat leaking in. This enables the product to reach the desired destination, nationally or internationally, in the desired state and quality. These products usually are pharmaceuticals, seafood, meat, wine, flowers, and chocolates among others.

The insulated packaging constricts heat dissipation via convection, conduction and radiation. Lower heat transfer rates help in controlling any deterioration caused by transit. Polystyrene Foam, also known as Styrofoam, was earlier used as an effective packaging material for thermal insulation. However, these materials were increasingly becoming unpopular due to their environmentally hazardous properties. The newer materials are usually made of natural fiber and hence are cost effective and environmentally sustainable. As compared to foam, these materials are recyclable, biodegradable and compostable.

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The market is influenced by factors such as growing urbanization, increasing need for convenience and improved shelf life of products. The growth in demand for temperature sensitive packaging and high demand from the food and beverage supports the market growth rate. The increasing demand from industries such as pharmaceutical, healthcare, chemicals and cosmetics, rising disposable income, and changing lifestyle has increased the market growth.

Increasing disease prevalence and growing health awareness has accelerated the adoption of insulated packaging solutions. The increasing demand for fresh products, growth in pharmaceutical industry, increasing trend of e-commerce, and growing demand from the emerging economies are factors expected to offer numerous growth opportunities for the insulated packaging industry during the forecast period.

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Segment Analysis

The global market for Insulated Packaging is segmented on the basis of type, product, material, end-user, and region. The report segments the type into rigid, flexible, and semi-rigid. The demand for flexible insulated packaging is expected to increase during the forecast period owing to growing demand for cosmetics, agriculture, healthcare, and food & beverages.

The report segments the materials into paper, wood, plastic, glass, and others. The demand for paper insulated packaging is expected to increase during the forecast period owing to increasing environmental concerns, and growing awareness regarding sustainable packaging solutions. Corrugated box is a durable, versatile, low and lightweight paper-based material used to make boxes, and containers. The industry report segments the products into and boxes and containers, bags and pouches, wraps, and others.

The Insulated Packaging industry report segments the end-users into food and beverage, healthcare, pharmaceutical, cosmetics, and others. The food and beverage segment accounted for the highest share in the insulated packaging market in 2017. Insulated packaging plays a critical role in food and beverage industry for containing, protecting, and preserving food products.

Insulated Packaging Market Scope

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Regional Analysis

The report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific. Asia-Pacific is the major region contributing to the market growth due to growth in the food and beverage sector, and growing demand for fresh and organic products.

Competitive Landscape

The leading players in the report include Amcor Limited, E.I. Du Pont De Nemours and Co., Davis Core & Pad Company, Sonoco Products Company, Innovative Energy, Inc, Deutsche Post AG, Marko Foam Products, Inc., Huhtamaki Group, Providence Packaging, and The Wool Packaging Company Limited among others. These leading players are introducing innovative products in the Insulated Packaging industry to cater to the growing demand for consumers. Global players are entering new markets in developing regions to expand their customer base, strengthen market presence, and increase their market share.