Asia Pacific Insulated Packaging Materials Market Share and Forecast by 2028
Asia Pacific Insulated Packaging Materials Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Plastic, Wood, Corrugated Cardboard, and Others), Type (Single Use and Reusable), and End User (Pharmaceutical, Food and Beverages, Cosmetic, Industrial, and Others)
- Status : Published
- Report Code : TIPRE00025864
- Category : Chemicals and Materials
- No. of Pages : 99
- Available Report Formats :
- Last update date : November 13, 2021
2021 Market Size
US$ 5,751.09 Mn
Base year value
2028 Forecast
US$ 8,310.05 Mn
Projected by 2028
CAGR 2022-2028
5.4 %
Growth rate
Addressable Market
US$ 49,958.61 Mn
(2022-2028)
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.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5,751.09 Million |
| Market Size by 2028 | US$ 8,310.05 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
Recent Reports
Testimonials
The Insight Partners' SCADA System Market report is comprehensive, with valuable insights on current trends and future forecasts. The team was highly professional, responsive, and supportive throughout. We are very satisfied and highly recommend their services.
RAN KEDEM Partner, Reali Technologies LTDs
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
JEAN-HERVE JENN Chairman, Future Analytica
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
JOHN SUZUKI President and Chief Executive Officer, Board Director, BK Technologies
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Get Free Sample for