0

Insulated Shipping Packaging Market Expected to Reach $13.7 Billion by 2031—Allied Market Research

 
2022
Insulated Shipping Packaging Market

Report Code : A31647

quote The insulated shipping packaging market has witnessed significant growth in the past decade, owing to increase in demand for food & beverage, pharmaceutical and personal care products. A number of players in the insulated shipping packaging industry have launched new products to strengthen their foothold in the global market. By product type, the container segment dominated the market in 2021, this is attributable to increase in global trade. By application, the food and beverages segment registered highest revenue in 2021. This is attributed to rise in demand for food and beverages. Depending on business type, the warehousing segment is expected to grow at a higher CAGR during the forecast period.” quote

Onkar Sumant - Manager
Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Insulated Shipping Packaging Market," The insulated shipping packaging market size was valued at $7.4 billion in 2021, and is estimated to reach $13.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. 

Increasing domestic and global trade, and e-commerce have driven growth in the shipping industry. The ability of insulated shipping packaging to ship temperature-sensitive goods is a major factor driving the insulated shipping packaging market growth.

Typically, there are two product types of insulated shipping packaging; containers, and boxes. Out of these, the container segment accounted for the highest market share in 2021, owing to its large-scale usage which is fueled by increasing international trade. On the types of business, the market is analyzed on the basis of warehousing, and transportation. Among these, the warehousing segment is expected to grow with a higher CAGR, owing to growing global trade. Furthermore, the market is analyzed with respect to different applications of insulated shipping packaging in food and beverage, industrial goods, personal care, and other industries. Among these, the food and beverages segment registered higher revenue in 2021, owing to increasing demand for food and beverages. The market is mainly driven by rise in temperature-sensitive goods industries, and rise in e-commerce. However, the negative environmental impact of insulated shipping packaging constraints the growth of the market.

In 2021, Asia-Pacific dominated the global insulated shipping packaging market share, in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is anticipated to grow with the highest CAGR, owing to growth in the use of insulated shipping packaging for the pharmaceutical and food & beverage industries.

The favorable guidelines introduced by the governments of their respective countries, especially in developing nations to support the growth of the domestic industry are expected to provide lucrative opportunities for the growth of the insulated shipping packaging market.

Furthermore, key players in the insulated shipping packaging market adopted various strategies to sustain the harsh competition. For instance, in November 2020, Sonoco ThermoSafe, a unit of Sonoco Products Company and the leading global provider of temperature assurance packaging for life sciences and healthcare, announced the launch of its new EOS line of fully curbside recyclable temperature-controlled packaging in the U.S. This will assist the company in achieving its sustainability goals.

However, during the pandemic lockdown, various manufacturers of insulated shipping packaging had to stop their business in countries such as China, the U.S., and India. This break directly impacted their sales. In addition, lack of manpower and constricted supply of raw materials for packaging have negatively influenced the growth of the market. However, after two years of the COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key Findings Of The Study

  • The report provides an extensive insulated shipping packaging market analysis of the current and emerging insulated shipping packaging market trends and dynamics. 
  • Depending on product type, the container segment dominated the insulated shipping packaging market, in terms of revenue in 2021.
  • By business type, warehousing industry is expected to grow with a higher CAGR.
  • By application, food and beverages segment dominated the insulated shipping packaging market, in terms of revenue in 2021.
  • Asia-Pacific  is projected to register the highest growth rate in the coming years.
  • The key players within the insulated shipping packaging market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the insulated shipping packaging industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities in the market. 
  • In-depth insulated shipping packaging market forecast analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Insulated Shipping Packaging Market by Product type (Boxes, Containers), by Business (Warehousing, Transportation), by Application (Food and Beverages, Industrial Goods, Personal Care, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Insulated Shipping Packaging Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers