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North America Insulated Packaging Materials Market

2021

North America 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)

Publication Month: Nov 2021 | Report Code: TIPRE00025866 | No. of Pages: 93 | Category: Chemicals and Materials | Status: Published

Market Insights

North America Insulated Packaging Materials Market to Grow at a CAGR of 5.1% to reach US$ 3,964.73 million Million from 2021 to 2028

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The North America insulated packaging materials market is expected to grow from US$ 2,803.50 million in 2021 to US$ 3,964.73 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The US, Canada, and Mexico are economies in North America. Growing demand from pharmaceuticals industry is expected to fuel the market growth. 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 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. Various biopharmaceuticals, such as tissue samples, vaccines, gene therapy products, and enzymes, are temperature sensitive and must be kept at specific temperatures during transportation and storage. The pharmaceuticals industry facilitates the demand for insulated packaging, which, in turn, catalyzes the demand for insulated packaging materials. The rising prevalence of diseases and ailments propels the demand for vaccines, medicines, testing kits, and gene therapies, which require insulated packaging as they are sensitive to temperature and humidity. In March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic and since then the demand for medicines for the treatment of COVID-19, COVID-19 testing kits, and COVID-19 vaccines has been on a rise. Prominent COVID-19 vaccine manufacturers are exporting the vaccine to international markets to meet the demand. All countries across the region are focused on getting their entire population fully vaccinated to curb the spread of the novel coronavirus that causes COVID-19 and avoid the emergence of its new variants. However, the target to achieve full vaccination amongst the entire population of the respective countries is still lagging, resulting in potential demand for vaccines across the region. Thus, the lucrative trade of biopharmaceuticals boosts the demand for insulated packaging in the pharmaceuticals industry, which, in turn, drives the growth of the North America insulated packaging materials market.

In case of COVID-19, North America is highly affected specially the US, followed by Canada and Mexico. The unprecedented rise in the number of COVID-19 cases across the US and Canada, along with the subsequent lockdown of production facilities in the countries, has negatively influenced the growth of the various markets. The market for insulated packaging materials has been impacted due to ineffective supply of raw materials such as polyurethane along with a significant impact upon the production processes. Additionally, hike 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 also witnessed 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 North America insulated packaging materials market growth.

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 North America insulated packaging materials market. The North America insulated packaging materials market is expected to grow at a good CAGR during the forecast period.
North America insulated packaging materials market

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North America Insulated Packaging Materials Market Segmentation

North America Insulated Packaging Materials Market – By Material Type

  • Plastic
  • Wood
  • Corrugated Cardboard
  • Others

North America Insulated Packaging Materials Market – By Type

  • Single Use
  • Reusable

North America Insulated Packaging Materials Market – By End User

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

North America Insulated Packaging Materials Market, by Country

  • US
  • Canada
  • Mexico

North America Insulated Packaging Materials Market -Companies Mentioned

  • Cascades inc.
  • ICEE Containers Pty Ltd
  • Insulated Products Corporation
  • Sealed Air
  • TemperPack
  • The Wool Packaging Company Limited

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

4. North America Insulated Packaging Materials Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Insulated Packaging Materials Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Demand from Pharmaceuticals Industry

5.1.2 Increasing Demand for Temperature-Sensitive Products

5.2 Market Restraint

5.2.1 Unstable Raw Material Prices

5.3 Market Opportunities

5.3.1 Rising E-Commerce Industry

5.4 Future Trends

5.4.1 Introduction of Bio-Based Insulated Packaging Materials

5.5 Impact Analysis of Drivers and Restraint

6. Insulated Packaging Materials Market – North America Analysis

6.1 North America Insulated Packaging Materials Market Overview

6.2 North America Insulated Packaging Materials Market –Revenue and Forecast to 2028

7. North America Insulated Packaging Materials Market Analysis – By Material Type

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

7.2 Plastic

7.2.1 Overview

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

7.3 Wood

7.3.1 Overview

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

7.4 Corrugated Cardboard

7.4.1 Overview

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

7.5 Other Material Type

7.5.1 Overview

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

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

8. North America Insulated Packaging Materials Market Analysis – By Type

8.1 Overview

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

8.3 Single Use

8.3.1 Overview

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

8.4 Reusable

8.4.1 Overview

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

9. North America Insulated Packaging materials Market Analysis – By End User

9.1 Overview

9.2 North America Insulated Packaging materials Market, By End User (2020 and 2028)

9.3 Pharmaceutical

9.3.1 Overview

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

9.4 Food and Beverages

9.4.1 Overview

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

9.5 Cosmetic

9.5.1 Overview

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

9.6 Industrial

9.6.1 Overview

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

9.7 Other End User

9.7.1 Overview

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

10. North America Insulated Packaging Materials Market – Country Analysis

10.1 Overview

10.1.1 North America: Insulated Packaging Materials Market, by Key Country

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

10.1.1.1.1 US: Insulated Packaging Materials Market, by Material Type

10.1.1.1.2 US: Insulated Packaging Materials Market, by Type

10.1.1.1.3 US: Insulated Packaging Materials Market, by End User

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

10.1.1.2.1 Canada: Insulated Packaging Materials Market, by Material Type

10.1.1.2.2 Canada: Insulated Packaging Materials Market, by Type

10.1.1.2.3 Canada: Insulated Packaging Materials Market, by End User

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

10.1.1.3.1 Mexico: Insulated Packaging Materials Market, by Material Type

10.1.1.3.2 Mexico: Insulated Packaging Materials Market, by Type

10.1.1.3.3 Mexico: Insulated Packaging Materials Market, by End User

11. Impact of Coronavirus Outbreak on North America Insulated Packaging Materials Market

11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Company Profiles

12.1 Sealed Air

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 The Wool Packaging Company Limited

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Cascades inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 ICEE Containers Pty Ltd

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 TemperPack

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Insulated Products Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. US Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

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

Table 4. US Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 8. Mexico Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)

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

Table 10. Mexico Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Insulated Packaging Materials Market Segmentation

Figure 2. North America Insulated Packaging Materials Market Segmentation – By Country

Figure 3. North America Insulated Packaging Materials Market Overview

Figure 4. North America Insulated Packaging Materials Market, By Type

Figure 5. North America Insulated Packaging Materials Market, By Country

Figure 6. Porter ‘s Five Forces Analysis

Figure 7. North America Insulated Packaging materials Market – Ecosystem Analysis

Figure 8. Expert Opinion

Figure 9. North America Insulated Packaging Materials Market Impact Analysis of Drivers and Restraints

Figure 10. North America: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. North America Insulated Packaging Materials Market Revenue Share, By Material Type (2020 and 2028)

Figure 12. North America Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 13. North America Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 14. North America Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 15. North America Insulated Packaging Materials Market Revenue Share, By Type (2020 and 2028)

Figure 16. North America Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 17. North America Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 18. North America Insulated Packaging Materials Market Revenue Share, By End User (2020 and 2028)

Figure 19. North America Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 20. North America Food and Beverages: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 21. North America Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 22. North America Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 23. North America Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)

Figure 24. North America: Insulated Packaging Materials Market, by Key Country – Revenue (2020) (USD Million)

Figure 25. North America: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028)

Figure 26. US: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27. Canada: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)

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

Figure 29. Impact of COVID-19 Pandemic in North America

  1. Cascades inc.
  2. ICEE Containers Pty Ltd
  3. Insulated Products Corporation
  4. Sealed Air
  5. TemperPack
  6. The Wool Packaging Company Limited
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America insulated packaging materials market. 
  • 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 North America insulated packaging materials market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets 
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the insulated packaging materials market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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