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Insulated Packaging Materials Market

2021

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)

Publication Month: Sep 2021 | Report Code: TIPRE00024959 | No. of Pages: 153 | Category: Chemicals and Materials | Status: Published

Market Insights

Insulated Packaging Materials Market to Grow at a CAGR of 5.1% to reach US$ 116,799.84 Million from 2020 to 2028

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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.

Rising per capita disposable income, increasing investments in the improvement of cold chain infrastructure, growing end-user industries, and accessibility to medical facilities attribute to the growth of the insulated packaging materials market. In the past few years, the healthcare and pharmaceuticals industries have witnessed an unprecedented rise in demand for temperature-controlled/insulated packaging due to an increase in the demand and transportation of temperature-sensitive pharmaceuticals products and samples. In addition, rising consumer spending on packaged products and increasing global output of temperature-sensitive manufactured goods propel the growth of the insulated packaging materials market.

The insulated packaging materials market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market in this region is mainly attributed to the rising demand for insulated packaging in countries such as India, China, Japan, and others. Asia-Pacific is one of the largest food & beverages industry due to the high population density and disposable income, and growth in distribution channel in the region. Furthermore, the demand for frozen food is growing in Asia-Pacific due to busy lifestyle and schedule. The increasing consumer preference toward convenience foods indirectly propels the demand for frozen products as they require less time and effort than cooking any item from scratch. Increasing disposable income is another aspect that has a significant impact on the frozen food market's growth because it boosts consumers' purchasing power. The insulated packaging materials market in Asia-Pacific is driven by an increase in disposable income and demand for frozen foods.

Impact of COVID-19 Pandemic on Insulated Packaging Materials Market

Due to the COVID-19, insulated packaging materials market has been impacted significantly due to the ineffective supply of raw materials, such as polyurethane, along with a significant impact on the production processes. Additionally, rise in crude oil prices have led to the fluctuation in raw material prices of insulated packaging materials, creating challenges in the market growth. However, the market has witnessed a significant investment and growth due to the rapid growth of various end-use industries, such as food & beverages, e-commerce, and pharmaceuticals. With the state of economic recovery, several industrial sectors are strategically planning to invest in advanced and bio-based insulated packaging materials with the rising need for advanced insulated packaging systems across food & beverages, medical and pharmaceuticals, chemicals, and other such facilities. This is expected to provide an impetus to market growth in the coming years. Before the COVID-19 pandemic, people were less engaged in buying perishable and edible items from online retail channels. However, the situation has been altered since the pandemic as consumers are actively buying perishable products, such as frozen food products and ready-to-eat food, through online portals. This has substantially raised the demand for advanced temperature-controlled packaging, thereby promoting the demand for insulated packaging materials.

The ongoing COVID-19 pandemic has significantly increased the demand for medicines and COVID-19 vaccines across the world. The trade for such medicines and vaccines is propelling the need for a suitable packaging system, such as insulated packaging, to maintain the product quality at the desired temperature. Thus, COVID-19 pandemic has had a positive impact on the growth of the global insulated packaging materials market and is expected to continue to do so during the coming years.

Insulated Packaging Materials Market

Insulated Packaging Materials Market

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Market Insights

Surging Demand for Temperature-Sensitive Products Fuel Insulated Packaging Materials Market Growth

Temperature-sensitive products mainly belong to the food & beverages and pharmaceuticals industries. Changing consumer lifestyles, rising per capita disposable income, and adoption of convenience products increase the consumption of processed, frozen, and packaged food products. Additionally, the export–import trade of food and beverages is increasing significantly with the rise in global food demand. Globalization has enabled the successful export–import trade of such products amongst countries across the world.

The global ready-to-eat food market is expected to grow at a compound annual growth rate (CAGR) of ~7% during 2021–2026. An average individual in the US consumes around 25–28 kg of ready-to-eat meals each year, accounting for spending of nearly US$200. Similarly, as per the data by the Frozen and Refrigerated Buyer, the US registered a significant sale of frozen food amounting to US$ 9,384.88 million in 2019. Frozen food requires thermally insulated packaging, containing refrigerants, to maintain product temperature. During domestic or international transportation, the temperature-sensitive goods can go through various physical and physiological stress, such as physical pressure, humidity, and fluctuating temperature. Thus, to avoid the damage of temperature-sensitive products, such as ready-to-eat products, ready-to-cook products, frozen food, vegetables, and certain medical supplies, manufacturers/packers use insulated packaging to maintain the product’s shelf-life and quality. The rising use of insulated packaging propels the demand for insulated packaging materials. In addition, rising consumer spending on packaged products and increasing global output of temperature-sensitive manufactured goods propel the growth of the insulated packaging materials market.

Material Type Insights

By material type, the global insulated packaging materials market is segmented into plastic, wood, corrugated cardboard, and others. The corrugated cardboard segment accounted for the largest market share in 2020 and is expected to register the highest CAGR 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.

Insulated Packaging Materials Market, by Material Type – 2020 and 2028

Insulated Packaging Materials Market, by Material Type – 2020 and 2028

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Type Insights

Based on type, the global insulated packaging materials market is bifurcated into single use and reusable. The reusable segment accounted for a larger market share in 2020 and is expected to register a higher CAGR during the forecast period. Reusable packaging is intended to be used repeatedly or indefinitely for product distribution, transportation, and storage. The use of reusable packaging is increasing due to environmental issues, limited economic reasons, and government support for disposable units. Most insulating packaging solutions are one-time use, which create tons of waste that must be managed and have an undeniable impact on the environment. However, the reusable refrigerated packaging solution is the solution of the future, which can minimize the environmental impact of transporting cold chain medical devices and reduce costs. In addition, the manufacturers are manufacturing innovative packaging solutions. For instance, Liviri Fresh is a durable, heat-insulated, reusable transport container, and the size is very suitable for holding meal bags and perishable items, such as meat, seafood, fruits and vegetables, and juices. Thus, the growing need for environmentally friendly packaging solutions would boost the demand for reusable insulated packaging materials in the coming years.

Strategic Insights

A few players operating in the insulated packaging materials market are Sealed Air, FEURER Group GmbH, Sancell, The Wool Packaging Company Limited, CoolPac, Cascades Inc., ICEE Containers Pty Ltd, TemperPack, Icertech, and Insulated Products Corporation. The key companies adopt strategies such as mergers & acquisitions, and R&D to expand customer base and gain significant share in the global market, which also allow them to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the insulated packaging materials market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the insulated packaging materials market from 2019 to 2028
  • Estimation of global demand for insulated packaging materials
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the insulated packaging materials market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • Size of the insulated packaging materials market at various nodes
  • Detailed overview and segmentation of the market, as well as the insulated packaging materials industry dynamics
  • Size of the insulated packaging materials market in various regions with promising growth opportunities

The report includes the segmentation of the insulated packaging material market as follows:

By Material Type

  • Plastic
  • Wood
  • Corrugated Cardboard
  • Others

By Type

  • Single Use
  • Reusable

By End User

  • Pharmaceutical
  • Food & Beverages
  • Cosmetic
  • Industrial
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • Sealed Air
  • FEURER Group GmbH
  • Sancell
  • The Wool Packaging Company Limited
  • CoolPac
  • Cascades Inc.
  • ICEE Containers Pty Ltd
  • TemperPack
  • Icertech
  • Insulated Products Corporation

1. Introduction. 22

1.1 Study Scope. 22

1.2 The Insight Partners Research Report Guidance. 22

1.3 Market Segmentation. 23

2. Key Takeaways. 25

3. Research Methodology. 29

3.1 Scope of the Study. 29

3.2 Research Methodology. 29

3.2.1 Data Collection. 30

3.2.2 Primary Interviews. 30

3.2.3 Hypothesis Formulation. 30

3.2.4 Macro-economic Factor Analysis. 30

3.2.5 Developing Base Number 31

3.2.6 Data Triangulation. 31

3.2.7 Country Level Data. 31

4. Global Insulated Packaging Materials Market Landscape. 32

4.1 Market Overview.. 32

4.2 Porter’s Five Forces Analysis. 33

4.2.1 Bargaining Power of Suppliers. 34

4.2.2 Bargaining Power of Buyers. 34

4.2.3 Threat of Substitutes. 34

4.2.4 Threat of New Entrants. 34

4.2.5 Intensity of Competitive Rivalry. 35

4.3 Ecosystem Analysis. 35

4.4 Expert Opinion. 36

5. Insulated Packaging Materials Market – Key Market Dynamics. 37

5.1 Market Drivers. 37

5.1.1 Rising Demand from Pharmaceuticals Industry. 37

5.1.2 Surging Demand for Temperature-Sensitive Products. 38

5.2 Market Restraint 39

5.2.1 Fluctuating Raw Material Prices. 39

5.3 Market Opportunities. 39

5.3.1 Growth of E-Commerce Industry. 39

5.4 Future Trends. 40

5.4.1 Launch of Bio-Based Insulated Packaging Materials. 40

5.5 Impact Analysis of Drivers and Restraint 40

6. Insulated Packaging Materials – Global Market Analysis. 41

6.1 Insulated Packaging Materials Market Overview.. 41

6.2 Insulated Packaging Materials Market –Revenue and Forecast to 2028. 42

6.3 Competitive Positioning – Key Market Players. 43

7. Insulated Packaging Materials Market Analysis – By Material Type Overview.. 44

7.1 Insulated Packaging Materials Market, By Material Type (2020 and 2028) 44

7.2 Plastic. 45

7.2.1 Overview.. 45

7.2.2 Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 45

7.3 Wood. 46

7.3.1 Overview.. 46

7.3.2 Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 46

7.4 Corrugated Cardboard. 47

7.4.1 Overview.. 47

7.4.2 Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (USD Million) 47

7.5 Other Material Type. 48

7.5.1 Overview.. 48

7.5.2 Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 48

7.5.3 Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 48

8. Insulated Packaging Materials Market Analysis – By Type. 49

8.1 Overview.. 49

8.2 Insulated Packaging Materials Market, By Type (2020 and 2028) 49

8.3 Single Use. 49

8.3.1 Overview.. 49

8.3.2 Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 50

8.4 Reusable. 51

8.4.1 Overview.. 51

8.4.2 Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 51

9. Insulated packaging materials Market Analysis – By End User. 52

9.1 Overview.. 52

9.2 Insulated packaging materials Market, By Application (2020 and 2028) 52

9.3 Pharmaceutical 52

9.3.1 Overview.. 52

9.3.2 Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 53

9.4 Food and Beverages. 54

9.4.1 Overview.. 54

9.4.2 Food and Beverages: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million) 54

9.5 Cosmetic. 55

9.5.1 Overview.. 55

9.5.2 Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 55

9.6 Industrial 56

9.6.1 Overview.. 56

9.6.2 Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 56

9.7 Other End User 57

9.7.1 Overview.. 57

9.7.2 Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million) 57

10. Insulated Packaging Materials Market – Geographic Analysis. 58

10.1 Overview.. 58

10.2 North America: Insulated Packaging Materials Market 58

10.2.1 North America: Insulated Packaging Materials Market – Revenue and Forecast to 2028(US$ Million) 59

10.2.2 North America: Insulated Packaging Materials Market, by Material Type. 59

10.2.3 North America: Insulated Packaging Materials Market, by Type. 60

10.2.4 North America: Insulated Packaging Materials Market, by End-User 61

10.2.5 North America: Insulated Packaging Materials Market, by Key Country. 62

10.2.5.1 US: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 62

10.2.5.1.1 US: Insulated Packaging Materials Market, by Material Type. 63

10.2.5.1.2 US: Insulated Packaging Materials Market, by Type. 63

10.2.5.1.3 US: Insulated Packaging Materials Market, by End User 64

10.2.5.2 Canada: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 65

10.2.5.2.1 Canada: Insulated Packaging Materials Market, by Material Type. 65

10.2.5.2.2 Canada: Insulated Packaging Materials Market, by Type. 66

10.2.5.2.3 Canada: Insulated Packaging Materials Market, by End User 66

10.2.5.3 Mexico: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 67

10.2.5.3.1 Mexico: Insulated Packaging Materials Market, by Material Type. 67

10.2.5.3.2 Mexico: Insulated Packaging Materials Market, by Type. 68

10.2.5.3.3 Mexico: Insulated Packaging Materials Market, by End User 68

10.3 Europe: Insulated Packaging Materials Market 69

10.3.1 Europe: Insulated Packaging Materials Market – Revenue and Forecast to 2028(US$ Million) 69

10.3.2 Europe: Insulated Packaging Materials Market, by Material Type. 70

10.3.3 Europe: Insulated Packaging Materials Market, by Type. 70

10.3.4 Europe: Insulated Packaging Materials Market, by End-User 71

10.3.5 Europe: Insulated Packaging Materials Market, by Key Country. 72

10.3.5.1 Germany: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 72

10.3.5.1.1 Germany: Insulated Packaging Materials Market, by Material Type. 73

10.3.5.1.2 Germany: Insulated Packaging Materials Market, by Type. 73

10.3.5.1.3 Germany: Insulated Packaging Materials Market, by End User 74

10.3.5.2 France: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 75

10.3.5.2.1 France: Insulated Packaging Materials Market, by Material Type. 75

10.3.5.2.2 France: Insulated Packaging Materials Market, by Type. 76

10.3.5.2.3 France: Insulated Packaging Materials Market, by End User 76

10.3.5.3 Italy: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 77

10.3.5.3.1 Italy: Insulated Packaging Materials Market, by Material Type. 77

10.3.5.3.2 Italy: Insulated Packaging Materials Market, by Type. 78

10.3.5.3.3 Italy: Insulated Packaging Materials Market, by End User 78

10.3.5.4 UK: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 79

10.3.5.4.1 UK: Insulated Packaging Materials Market, by Material Type. 79

10.3.5.4.2 UK: Insulated Packaging Materials Market, by Type. 80

10.3.5.4.3 UK: Insulated Packaging Materials Market, by End User 80

10.3.5.5 Russia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 81

10.3.5.5.1 Russia: Insulated Packaging Materials Market, by Material Type. 81

10.3.5.5.2 Russia: Insulated Packaging Materials Market, by Type. 82

10.3.5.5.3 Russia: Insulated Packaging Materials Market, by End User 82

10.3.5.6 Rest of Europe: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 83

10.3.5.6.1 Rest of Europe: Insulated Packaging Materials Market, by Material Type. 83

10.3.5.6.2 Rest of Europe: Insulated Packaging Materials Market, by Type. 84

10.3.5.6.3 Rest of Europe: Insulated Packaging Materials Market, by End User 84

10.4 Asia Pacific: Insulated Packaging Materials Market 85

10.4.1 Asia Pacific: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 85

10.4.2 Asia Pacific: Insulated Packaging Materials Market, by Material Type. 86

10.4.3 Asia Pacific: Insulated Packaging Materials Market, by Type. 87

10.4.4 Asia Pacific: Insulated Packaging Materials Market, by End-User 87

10.4.5 Asia Pacific: Insulated Packaging Materials Market, by Key Country. 88

10.4.5.1 Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 89

10.4.5.1.1 Australia: Insulated Packaging Materials Market, by Material Type. 89

10.4.5.1.2 Australia: Insulated Packaging Materials Market, by Type. 90

10.4.5.1.3 Australia: Insulated Packaging Materials Market, by End-User 90

10.4.5.2 China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 91

10.4.5.2.1 China: Insulated Packaging Materials Market, by Material Type. 91

10.4.5.2.2 China: Insulated Packaging Materials Market, by Type. 92

10.4.5.2.3 China: Insulated Packaging Materials Market, by End-User 92

10.4.5.3 India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 93

10.4.5.3.1 India: Insulated Packaging Materials Market, by Material Type. 93

10.4.5.3.2 India: Insulated Packaging Materials Market, by Type. 94

10.4.5.3.3 India: Insulated Packaging Materials Market, by End-User 94

10.4.5.4 Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 95

10.4.5.4.1 Japan: Insulated Packaging Materials Market, by Material Type. 95

10.4.5.4.2 Japan: Insulated Packaging Materials Market, by Type. 96

10.4.5.4.3 Japan: Insulated Packaging Materials Market, by End-User 96

10.4.5.5 South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 97

10.4.5.5.1 South Korea: Insulated Packaging Materials Market, by Material Type. 97

10.4.5.5.2 South Korea: Insulated Packaging Materials Market, by Type. 98

10.4.5.5.3 South Korea: Insulated Packaging Materials Market, by End-User 98

10.4.5.6 Rest of Asia Pacific: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 99

10.4.5.6.1 Rest of Asia Pacific: Insulated Packaging Materials Market, by Material Type. 99

10.4.5.6.2 Rest of Asia Pacific: Insulated Packaging Materials Market, by Type. 100

10.4.5.6.3 Rest of Asia Pacific: Insulated Packaging Materials Market, by End-User 100

10.5 Middle East and Africa: Insulated Packaging Materials Market 101

10.5.1 Middle East and Africa: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 101

10.5.2 Middle East and Africa: Insulated Packaging Materials Market, by Material Type. 102

10.5.3 Middle East and Africa: Insulated Packaging Materials Market, by Type. 103

10.5.4 Middle East and Africa: Insulated Packaging Materials Market, by End-User 104

10.5.5 Middle East and Africa: Insulated Packaging Materials Market, by Key Country. 105

10.5.5.2.1 Saudi Arabia : Insulated Packaging Materials Market, by Material Type. 108

10.5.5.2.2 Saudi Arabia: Insulated Packaging Materials Market, by Type. 109

10.5.5.2.3 Saudi Arabia: Insulated Packaging Materials Market, by End-User 109

10.6 South America: Insulated Packaging Materials Market 114

10.6.5 South America: Insulated Packaging Materials Market, by Key Country. 117

10.6.5.1 Brazil: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 118

10.6.5.1.1 Brazil: Insulated Packaging Materials Market, by Material Type. 118

10.6.5.1.2 Brazil: Insulated Packaging Materials Market, by Type. 119

10.6.5.1.3 Brazil: Insulated Packaging Materials Market, by End- User 119

10.6.5.2 Argentina: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 120

10.6.5.2.1 Argentina: Insulated Packaging Materials Market, by Material Type. 120

10.6.5.2.2 Argentina: Insulated Packaging Materials Market, by Type. 121

10.6.5.2.3 Argentina: Insulated Packaging Materials Market, by End-User 121

10.6.5.3 Rest of South America: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 122

10.6.5.3.1 Rest of South America: Insulated Packaging Materials Market, by Material Type. 122

10.6.5.3.2 Rest of South America: Insulated Packaging Materials Market, by Type. 123

10.6.5.3.3 Rest of South America: Insulated Packaging Materials Market, by End-User 123

11. Overview- Impact of Coronavirus Outbreak. 124

11.1 Impact of COVID-19 on Insulated Packaging Materials Market 124

11.2 North America: Impact Assessment of COVID-19 Pandemic. 124

11.3 Europe: Impact Assessment of COVID-19 Pandemic. 126

11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 127

11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic. 128

11.6 South and Central America: Impact Assessment of COVID-19 Pandemic. 129

12. Company Profiles. 130

12.1 Sealed Air 130

12.1.1 Key Facts. 130

12.1.2 Business Description. 130

12.1.3 Products and Services. 130

12.1.4 Financial Overview.. 131

12.1.5 SWOT Analysis. 132

12.1.6 Key Developments. 132

12.2 FEURER Group GmbH.. 133

12.2.1 Key Facts. 133

12.2.2 Business Description. 133

12.2.3 Products and Services. 133

12.2.4 Financial Overview.. 133

12.2.5 SWOT Analysis. 134

12.2.6 Key Developments. 134

12.3 Sancell 135

12.3.1 Key Facts. 135

12.3.2 Business Description. 135

12.3.3 Products and Services. 135

12.3.4 Financial Overview.. 135

12.3.5 SWOT Analysis. 136

12.3.6 Key Developments. 136

12.4 The Wool Packaging Company Limited. 137

12.4.1 Key Facts. 137

12.4.2 Business Description. 137

12.4.3 Products and Services. 137

12.4.4 Financial Overview.. 137

12.4.5 SWOT Analysis. 138

12.4.6 Key Developments. 138

12.5 Cool Pac. 139

12.5.1 Key Facts. 139

12.5.2 Business Description. 139

12.5.3 Products and Services. 139

12.5.4 Financial Overview.. 139

12.5.5 SWOT Analysis. 140

12.5.6 Key Developments. 140

12.6 Cascades inc. 141

12.6.1 Key Facts. 141

12.6.2 Business Description. 141

12.6.3 Products and Services. 141

12.6.4 Financial Overview.. 142

12.6.5 SWOT Analysis. 143

12.6.6 Key Developments. 143

12.7 ICEE Containers Pty Ltd. 144

12.7.1 Key Facts. 144

12.7.2 Business Description. 144

12.7.3 Products and Services. 144

12.7.4 Financial Overview.. 144

12.7.5 SWOT Analysis. 145

12.7.6 Key Developments. 145

12.8 TemperPack. 146

12.8.1 Key Facts. 146

12.8.2 Business Description. 146

12.8.3 Products and Services. 146

12.8.4 Financial Overview.. 146

12.8.5 SWOT Analysis. 147

12.8.6 Key Developments. 147

12.9 Icertech. 148

12.9.1 Key Facts. 148

12.9.2 Business Description. 148

12.9.3 Products and Services. 148

12.9.4 Financial Overview.. 148

12.9.5 SWOT Analysis. 149

12.9.6 Key Developments. 149

12.10 Insulated Products Corporation. 150

12.10.1 Key Facts. 150

12.10.2 Business Description. 150

12.10.3 Products and Services. 150

12.10.4 Financial Overview.. 150

12.10.5 SWOT Analysis. 151

12.10.6 Key Developments. 151

13. Appendix. 152

13.1 About The Insight Partners. 152

13.2 Word Index. 152


LIST OF TABLES

Table 1. Range of Estimates of Yearly Vaccine Production (Millions of Kg), 2017–2019. 37

Table 2. Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 42

Table 3. North America Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 60

Table 4. North America Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 60

Table 5. North America Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (US$ Million) 61

Table 6. US Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 63

Table 7. US Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 63

Table 8. US Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 64

Table 9. Canada Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 65

Table 10. Canada Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 66

Table 11. Canada Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 66

Table 12. Mexico Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 67

Table 13. Mexico Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 68

Table 14. Mexico Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 68

Table 15. Europe Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 70

Table 16. Europe Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 71

Table 17. Europe Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 71

Table 18. Germany Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 73

Table 19. Germany Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 73

Table 20. Germany Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 74

Table 21. France Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 75

Table 22. France Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 76

Table 23. France Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 76

Table 24. Italy Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 77

Table 25. Italy Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 78

Table 26. Italy Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 78

Table 27. UK Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 79

Table 28. UK Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 80

Table 29. UK Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 80

Table 30. Russia Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 81

Table 31. Russia Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 82

Table 32. Russia Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 82

Table 33. Rest of Europe Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million) 83

Table 34. Rest of Europe Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million) 84

Table 35. Rest of Europe Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million) 84

Table 36. Asia Pacific Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (USD Million) 86

Table 37. Asia Pacific Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 87

Table 38. Asia Pacific Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 88

Table 39. Australia Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 89

Table 40. Australia Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 90

Table 41. Australia Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 90

Table 42. China Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 91

Table 43. China Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 92

Table 44. China Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 92

Table 45. India Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 93

Table 46. India Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 94

Table 47. India Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 94

Table 48. Japan Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 95

Table 49. Japan Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 96

Table 50. Japan Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 96

Table 51. South Korea Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 97

Table 52. South Korea Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 98

Table 53. South Korea Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 98

Table 54. Rest of Asia Pacific Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 99

Table 55. Rest of Asia Pacific Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 100

Table 56. Rest of Asia Pacific Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 100

Table 57. Middle East and Africa Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 102

Table 58. Middle East and Africa Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 103

Table 59. Middle East and Africa Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 104

Table 60. South Africa Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 106

Table 61. South Africa Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 107

Table 62. South Africa Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 107

Table 63. Saudi Arabia Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 108

Table 64. Saudi Arabia Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 109

Table 65. Saudi Arabia Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 109

Table 66. UAE Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 110

Table 67. UAE Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 111

Table 68. UAE Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 111

Table 69. Rest of MEA Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 112

Table 70. Rest of MEA Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 113

Table 71. Rest of MEA Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 113

Table 72. South America Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 115

Table 73. South America Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 116

Table 74. South America Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 117

Table 75. Brazil Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 118

Table 76. Brazil Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 119

Table 77. Brazil Insulated Packaging Materials Market, by End- User– Revenue and Forecast to 2028 (USD Million) 119

Table 78. Argentina Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 120

Table 79. Argentina Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million) 121

Table 80. Argentina Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 121

Table 81. Rest of South America Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million) 122

Table 82. Rest of South America Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (USD Million) 123

Table 83. Rest of South America Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million) 123

Table 84. List of Abbreviation. 152


LIST OF FIGURES

Figure 1. Global Insulated Packaging Materials Market Segmentation. 23

Figure 2. Insulated Packaging Materials Market Segmentation – By Geography. 24

Figure 3. Global Insulated Packaging Materials Market Overview.. 25

Figure 4. Insulated Packaging Materials Market, By Type. 26

Figure 5. Insulated Packaging Materials Market, By Geography. 27

Figure 6. Global Insulated Packaging Materials Market, Industry Landscape. 28

Figure 7. Porter ‘s Five Forces Analysis for Insulated Packaging Materials Market 33

Figure 8. Insulated packaging materials Market – Ecosystem Analysis. 35

Figure 9. Expert Opinion. 36

Figure 10. Share of the Population Fully Vaccinated Against COVID-19. 38

Figure 11. Insulated Packaging Materials Market Impact Analysis of Drivers and Restraints. 40

Figure 12. Geographic Overview of Insulated Packaging Materials Market 41

Figure 13. Global: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 42

Figure 14. Insulated Packaging Materials Market Revenue Share, By Material Type (2020 and 2028) 44

Figure 15. Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 45

Figure 16. Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 46

Figure 17. Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 47

Figure 18. Insulated Packaging Materials Market Revenue Share, By Type (2020 and 2028) 49

Figure 19. Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 50

Figure 20. Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 51

Figure 21. Insulated packaging materials Market Revenue Share, By Application (2020 and 2028) 52

Figure 22. Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 53

Figure 23. Food and Beverages: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 54

Figure 24. Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 55

Figure 25. Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million) 56

Figure 26. Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million) 57

Figure 27. Global Insulated Packaging Materials Market Revenue Share, by Region (2020 and 2028) 58

Figure 28. North America: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 59

Figure 29. North America: Insulated Packaging Materials Market Revenue Share, by Material Type (2020 and 2028) 59

Figure 30. North America: Insulated Packaging Materials Market Revenue Share, by Type (2020 and 2028) 60

Figure 31. North America: Insulated Packaging Materials Market Revenue Share, by End-User (2020 and 2028) 61

Figure 32. North America: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028) 62

Figure 33. US: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 62

Figure 34. Canada: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 65

Figure 35. Mexico: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 67

Figure 36. Europe: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 69

Figure 37. Europe: Insulated Packaging Materials Market Revenue Share, by Material Type (2020 and 2028) 70

Figure 38. Europe: Insulated Packaging Materials Market Revenue Share, by Type (2020 and 2028) 70

Figure 39. Europe: Insulated Packaging Materials Market Revenue Share, by End-User (2020 and 2028) 71

Figure 40. Europe: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028) 72

Figure 41. Germany: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 72

Figure 42. France: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 75

Figure 43. Italy: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 77

Figure 44. UK: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 79

Figure 45. Russia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 81

Figure 46. Rest of Europe: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 83

Figure 47. Asia Pacific: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 85

Figure 48. Asia Pacific: Insulated Packaging Materials Market Revenue Share, by Material Type(2020 and 2028) 86

Figure 49. Asia Pacific: Insulated Packaging Materials Market Revenue Share, by Type (2020 and 2028) 87

Figure 50. Asia Pacific: Insulated Packaging Materials Market Revenue Share, by End-User (2020 and 2028) 87

Figure 51. Asia Pacific: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028) 88

Figure 52. Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 89

Figure 53. China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 91

Figure 54. India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 93

Figure 55. Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 95

Figure 56. South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 97

Figure 57. Rest of Asia Pacific: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 99

Figure 58. Middle East and Africa: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 101

Figure 59. Middle East and Africa: Insulated Packaging Materials Market Revenue Share, by Material Type (2020 and 2028) 102

Figure 60. Middle East and Africa: Insulated Packaging Materials Market Revenue Share, by Type (2020 and 2028) 103

Figure 61. Middle East and Africa: Insulated Packaging Materials Market Revenue Share, by End-User (2020 and 2028) 104

Figure 62. Middle East and Africa: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028) 105

Figure 63. South Africa: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 106

Figure 64. Saudi Arabia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 108

Figure 65. UAE : Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 110

Figure 66. Rest of MEA: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 112

Figure 67. South America: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million) 114

Figure 68. South America: Insulated Packaging Materials Market Revenue Share, by Material Type(2020 and 2028) 115

Figure 69. South America: Insulated Packaging Materials Market Revenue Share, by Type(2020 and 2028) 116

Figure 70. South America: Insulated Packaging Materials Market Revenue Share, by End-User (2020 and 2028) 116

Figure 71. South America: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028) 117

Figure 72. Brazil: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 118

Figure 73. Argentina: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 120

Figure 74. Rest of South America: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million) 122

Figure 75. Impact of COVID-19 Pandemic in North America. 125

Figure 76. Impact of COVID-19 Pandemic in Europe. 126

Figure 77. Impact of COVID-19 Pandemic in Asia-Pacific. 127

Figure 78. Impact of COVID-19 Pandemic in the Middle East & Africa. 128

Figure 79. Impact of COVID-19 Pandemic in South and Central America. 129

The List of Companies - Insulated Packaging Materials Market

  1. Sealed Air
  2. FEURER Group GmbH
  3. Sancell
  4. The Wool Packaging Company Limited
  5. CoolPac
  6. Cascades Inc.
  7. ICEE Containers Pty Ltd
  8. TemperPack
  9. Icertech
  10. Insulated Products Corporation
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global insulated packaging materials market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
TIPRE00024959
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Frequently Asked Questions

The corrugated cardboard segment held the largest share in the global insulated packaging materials market in 2020. Corrugated cardboard is made up 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 major players operating in the global insulated packaging materials market are Sealed Air, FEURER Group GmbH, Sancell, The Wool Packaging Company Limited, CoolPac, Cascades Inc., ICEE Containers Pty Ltd, TemperPack, Icertech, and Insulated Products Corporation among few others.

In 2020, Asia-Pacific held the largest revenue share of the global insulated packaging materials market. Asia-Pacific continent comprises several developing and developed economies such as India, China, Japan, South Korea, and Australia. These emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the insulated packaging market. Asia-Pacific is the fastest growing economic region, as well as the largest continental economy in the world. The rising demand for insulated packaging in emerging countries like India, China and Brazil is attributed to the enhanced economic conditions as well as lifestyles, which is fueling the growth of insulated packaging industry. Asia-Pacific is one of the largest food and beverage industry due to the high population density and disposable income. The growing distribution channel in Asia-Pacific drive the market for food & beverages industry.

The reusable segment is expected to grow at the fastest rate during the forecast period. Reusable packaging is intended to be used repeatedly or indefinitely for product distribution, transportation, and storage. The increasing use of reusable packaging is due to environmental issues, limited economic reasons, and government support for disposable units. Most insulating packaging solutions are one-time use, represent tons of waste that must be managed, and have an undeniable impact on the environment.

On the basis of end user, food and beverage segment is leading the insulated packaging materials market during the forecast period. Insulated food and beverage packaging provides handling resistance, prevents physical damage, and preserves the nutritional aspects of the product. Food and beverage products must be protected from temperature and pressure changes because they are perishable in nature and can become inedible after reaching their destination. Further, the manufacturers are innovating their products. For instance, FEURER introduced a new generation of insulating boxes in the market. These are ultra-light, incredibly stable, 100% recyclable, customizable, hygienic, and temperature resistant. The FEURER thermal boxes composed of EPP make the transport of foodstuffs and food safer and more comfortable. The broad range of insulated containers offers clever solutions for catering, gastronomy, delivery service, food trade, and private households.

Asia-Pacific is estimated to register the fastest CAGR in the market over 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 materials market. Asia-Pacific is the fastest-growing economic region, as well as the largest continental economy in the world. The rising demand for insulated packaging in countries such as India and China attributed to the enhanced economic conditions and lifestyles, which is fueling the growth of the insulated packaging industry.

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