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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. APAC 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. APAC Insulated Packaging Materials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from Pharmaceuticals Industry
5.1.2 Surging Demand for Temperature-Sensitive Products
5.2 Market Restraint
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Industry
5.4 Future Trends
5.4.1 Launch of Bio-Based Insulated Packaging Materials
5.5 Impact Analysis of Drivers and Restraint
6. Insulated Packaging Materials Market – APAC Analysis
6.1 APAC Insulated Packaging Materials Market Overview
6.2 APAC Insulated Packaging Materials Market –Revenue and Forecast to 2028
7. APAC Insulated Packaging Materials Market Analysis – By Material Type
7.1 APAC 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 APAC Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
8. APAC Insulated Packaging Materials Market Analysis – By Type
8.1 Overview
8.2 APAC 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. APAC Insulated packaging materials Market Analysis – By End User
9.1 Overview
9.2 APAC 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. APAC Insulated Packaging Materials Market – Country Analysis
10.1 Overview
10.1.1 APAC: Insulated Packaging Materials Market, by Key Country
10.1.1.1 Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Insulated Packaging Materials Market, by Material Type
10.1.1.1.2 Australia: Insulated Packaging Materials Market, by Type
10.1.1.1.3 Australia: Insulated Packaging Materials Market, by End-User
10.1.1.2 China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Insulated Packaging Materials Market, by Material Type
10.1.1.2.2 China: Insulated Packaging Materials Market, by Type
10.1.1.2.3 China: Insulated Packaging Materials Market, by End-User
10.1.1.3 India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Insulated Packaging Materials Market, by Material Type
10.1.1.3.2 India: Insulated Packaging Materials Market, by Type
10.1.1.3.3 India: Insulated Packaging Materials Market, by End-User
10.1.1.4 Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Insulated Packaging Materials Market, by Material Type
10.1.1.4.2 Japan: Insulated Packaging Materials Market, by Type
10.1.1.4.3 Japan: Insulated Packaging Materials Market, by End-User
10.1.1.5 South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Insulated Packaging Materials Market, by Material Type
10.1.1.5.2 South Korea: Insulated Packaging Materials Market, by Type
10.1.1.5.3 South Korea: Insulated Packaging Materials Market, by End-User
10.1.1.6 Rest of APAC: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Insulated Packaging Materials Market, by Material Type
10.1.1.6.2 Rest of APAC: Insulated Packaging Materials Market, by Type
10.1.1.6.3 Rest of APAC: Insulated Packaging Materials Market, by End-User
11. Impact of Coronavirus Outbreak on APAC Insulated Packaging Materials Market
11.1 APAC: 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 Sancell
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 Cool Pac
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 Cascades inc.
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 ICEE Containers Pty Ltd
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 5. China Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 6. China Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 7. China Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 8. India Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 9. India Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 10. India Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of APAC Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of APAC Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Insulated Packaging Materials Market Segmentation
Figure 2. APAC Insulated Packaging Materials Market Segmentation – By Country
Figure 3. APAC Insulated Packaging Materials Market Overview
Figure 4. APAC Insulated Packaging Materials Market, By Type
Figure 5. APAC Insulated Packaging Materials Market, By Country
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. APAC Insulated Packaging Materials Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Insulated Packaging Materials Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Insulated Packaging Materials Market Revenue Share, By Material Type (2020 and 2028)
Figure 12. APAC Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 13. APAC Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 14. APAC Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 15. APAC Insulated Packaging Materials Market Revenue Share, By Type (2020 and 2028)
Figure 16. APAC Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 17. APAC Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 18. APAC Insulated packaging materials Market Revenue Share, By End User (2020 and 2028)
Figure 19. APAC Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. APAC Food and Beverages: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. APAC Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. APAC Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 23. APAC Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 24. APAC: Insulated Packaging Materials Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. APAC: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC
- Cascades inc.
- Cool Pac
- ICEE Containers Pty Ltd
- Sancell
- Sealed Air
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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