Insulated Packing Material Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Insulated Packing Material Market Analysis :

Insulation material is described as a material exhibiting thermal conductivity that reduces or prevents the transmission of heat. It is used to deliver temperature-sensitive merchandise such  as prescribed drugs, organs, blood, biologic substances, cosmetics, and chemical substances. In addition, it is are used to maintain product freshness and efficacy. For this reason, maximum of industries such as food & beverages, pharmaceutical, healthcare, chemical substances, and cosmetics rely on insulated materials for packaging. Furthermore, unexpectedly developing e-commerce industry is significantly contributing toward the growth of the insulated packaging market.

COVID-19 scenario analysis

The food & beverages is one of the most affected industry due to the outbreak of coronavirus. The lockdown implemented has enforced government to restrict movement, which has led to decline in trend of dining out, thereby increasing the consumption of homemade food. This, in turn, has reduced the demand for packaged food, thus hampering the growth of the packaging industry. Moreover, the ban on international travel has suspended the export and import activities, which limited the growth of the overall market.

Market scenario analysis

Increase in application of insulated packaging materials majorly in the food & beverages and pharmaceutical industries is a key driving force of the global market. Upward thrust in ready-to-eat food intake, owing to increase in working demographics may further boost the industry growth. Moreover, rise in health consciousness among consumers coupled with busy lifestyle & hectic schedule has fueled the demand for convenience food. Furthermore, increase in trend of online shopping has forced e-trade and online retailers to use corrugated containers. However, sustainability of the insulated packaging market majorly depends on the rate and supply of raw materials. Government rules regarding the use of packaging substances consisting of plastics and paper packaging are hindering the market growth.

Market drivers

The need for preserving product performance is driving the demand for insulated packaging, globally. In addition, rise in disposable income coupled with increase in awareness about fitness among consumers have accelerated the demand for fast moving consumer goods (FMCG), thereby driving the packaging market growth. Moreover, changes in lifestyle and expansion of the e-commerce industry in the developing countries such as China and India are contributing toward the growth of the insulated packaging market. 

Market trends

The global market growth is driven by factors such as rise in demand for packaged meals and increase in ready-to-consume meals intake. This is attributed to rise in preference for packaged foods and online grocery buying. The trend of buying perishables online is growing, thus boosting the demand for cargo and storage of perishables in thermally controlled surroundings. Moreover, increase in working demographics and rise in consciousness for a healthy lifestyle accelerate the growth of packaged meals and online grocery buying tendencies.
Another trend observed is the use of glass-based insulated packaging. It is lightweight, making it appropriate for beverage industries, including juices, alcoholic liquids, energy drinks, and carbonated beverages. Glass packing hold these merchandise and transport overseas without inflicting any loss to the products.

Regional insights

Asia-Pacific is expected to be the largest marketplace for insulated packaging. This growth is as a consequence of increase in demand for packaging in the region. Other factors including surge in disposable earnings and increase in middle-class population coupled with financial growth supported by speedy urbanization augment the market growth. . The development of the manufacturing sector and dynamical trends in sociology in North America are two important elements that boost market growth in this region.

Key benefits of the report

• This study presents the analytical depiction of the global insulated packaging industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global insulated packaging market share.
• The current market is quantitatively analyzed to highlight the global insulated packaging market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global insulated packaging market research report:

• Which are the leading players active in the global insulated packaging market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Insulated Packing Material Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights