Asia Pacific Insulated Packaging Materials Market Share and Forecast by 2028

The APAC insulated packaging materials market is expected to grow from US$ 5,751.09 million in 2021 to US$ 8,310.05 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

China, India, Japan, South Korea, and Australia are major economies in APAC. Launch of bio-based insulated packaging materials is expected to fuel the APAC insulated packaging materials market. The use of traditional insulated packaging materials has raised several environmental concerns across several countries in the region. Materials such as expanded polystyrene are nonbiodegradable and emit toxic chemicals on burning, emerging as a hazard to the environment. Thus, several market players are focusing on their research and development activities and introducing bio-based insulated packaging materials. The use of novel and environment-friendly insulated packaging materials, such as wool, paper, cotton, and cardboard, is offering profitable growth opportunities to the vendors as they help in reducing carbon emissions. For instance, in May 2020, Softbox systems Ltd launched a new 100% kerbside-recyclable cardboard insulated shipper to deliver chilled food. It is created using Softbox’s Thermaflute insulating technology to create effective insulation layers, which provide efficiencies similar to those of traditional expanded polystyrene shippers. Owing to such advancements, the company has reduced plastic use by 50% in its food delivery boxes. Thus, the launch of bio-based insulated packaging materials is expected to fuel the growth of the APAC insulated packaging materials market in the coming years.

The Asian economies have been hit hard due to the COVID-19 pandemic. India recorded the highest number of cases, and the emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of the pandemic upon several industries. As the majority of population in India and China has begun opting for online food and medicines due to the pandemic situation, these countries are witnessing significant growth in their pharmaceutical and food & beverage industries, which is subsequently driving the insulated packaging materials market is in the region. 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC insulated packaging materials market. The APAC insulated packaging materials market is expected to grow at a good CAGR during the forecast period.

APAC Insulated Packaging Materials Market Segmentation        

APAC Insulated Packaging Materials Market – By Material Type

• Plastic
• Wood
• Corrugated Cardboard
• Others

APAC Insulated Packaging Materials Market – By Type

• Single Use
• Reusable

APAC Insulated Packaging Materials Market – By End User

• Pharmaceutical
• Food and Beverages
• Cosmetic
• Industrial
• Others

APAC Insulated Packaging Materials Market, by Country

• Australia
• China 
• India
• Japan
• South Korea  
• Rest of APAC

APAC Insulated Packaging Materials Market -Companies Mentioned

• Cascades inc.
• Cool Pac
• ICEE Containers Pty Ltd
• Sancell
• Sealed Air

Asia Pacific Insulated Packaging Materials Report Scope