Insulated Packaging Materials Market Growth Sturdy at 5.1% CAGR to Outstrip $16,799.84 Million by 2028 - COVID-19 Impact and Global Analysis by TheInsightPartners.com
The scope of our recent study on the “Insulated Packaging Materials Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material Type (Plastic, Wood, Corrugated Cardboard, and Others), Type (Single Use and Reusable), and End-User (Pharmaceutical, Food & Beverages, Cosmetic, Industrial, and Others)” comprises the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
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The insulated packaging materials market was valued at US$ 11,876.04 million in 2021 and is projected to reach US$ 16,799.84 million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028. Insulated packaging materials have low thermal conductivity and are heat resistant. They are primarily used for the shipping of temperature-sensitive products to safeguard the products from fire or explosion hazards and maintain products efficiency. The material is needed in industries, such as chemical, personal care, food & beverages, and healthcare, which deal with temperature-sensitive products.
Based on material type, the global insulated packaging materials market is segmented into plastic, wood, corrugated cardboard, and others. The corrugated cardboard segment is anticipated to account for the largest revenue share during the forecast period. Corrugated cardboard is made of linerboard and fluted corrugated sheets. These components strengthen corrugated cardboard and allow it to withstand high pressure. Corrugated cardboard is typically produced using flute lamination machines, also known as corrugators. The cardboards are highly impact-resistant, bending-resistant, tear-resistant, and burst resistant.
The global insulated packaging materials market is segmented into five main regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). Asia-Pacific is expected to account for the largest share of the market during the forecast period. Asia-Pacific comprises several major economies such as India, China, Japan, South Korea, and Australia. These countries are witnessing an upsurge in industrialization and urbanization activities, which is offering ample opportunities for the key players in the insulated packaging market. Asia-Pacific is the fastest growing economic region and the largest continental economy across the world. The rising demand for insulated packaging in countries such as India, China, and Brazil is attributed to the enhanced economic conditions and lifestyles of consumers, which is fueling the growth of the insulated packaging industry in the region. Asia-Pacific is one of the largest foods & beverages industry due to the high population density and disposable income, and growth in distribution channel in the region.
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The report segments the global insulated packaging materials market as follows:
By material type, the global insulated packaging materials market is segmented into plastic, wood, corrugated cardboard, and others. By type, the market is bifurcated into single use and reusable. Based on end-user, the global insulated packaging materials market is segmented into pharmaceutical, food & beverages, cosmetic, industrial, and others. By geography, the insulated packaging materials market is segmented into five main regions—North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM).
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