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Insulated Packaging Market Trends

  • Report ID: GMI11780
  • Published Date: Oct 2024
  • Report Format: PDF

Insulated Packaging Market Trends

There is a strong shift towards eco-friendly and sustainable insulated packaging solutions. With increasing consumer and regulatory pressure to reduce environmental impact, companies are exploring biodegradable, recyclable, and reusable materials for insulated packaging. Traditional materials like expanded polystyrene (EPS) and polyurethane foam are being replaced or supplemented with sustainable alternatives such as plant-based fibers, biodegradable plastics, and recyclable paper-based insulation. The push for circular economy practices is driving innovation in sustainable packaging designs that minimize waste and are easier to recycle. For instance, in December 2023, Thermal Shipping Solutions received a U.S. patent for its curbside recyclable insulated box liner, Renewliner. This PET-based shipping carton offers cold temperature preservation for up to 72 hours, making it suitable for industries like food service and pharmaceuticals. Renewliner is fully recyclable, lightweight, eco-friendly, and less expensive to produce, positioning it as a sustainable alternative to traditional non-recyclable materials like Styrofoam.
 

The expansion of cold chain logistics is a key trend in the insulated packaging market, particularly driven by the growth of the food and beverage, pharmaceutical, and chemical industries. As companies increasingly require temperature-controlled logistics to transport perishable goods and medicines over long distances, the demand for insulated packaging solutions that can withstand varying environmental conditions is growing. The cold chain logistics market is expanding globally, especially in emerging markets, where demand for refrigerated and frozen food is rising.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for insulated packaging was valued at USD 16.8 billion in 2023 and is estimated to grow at a CAGR of over 7% from 2024 to 2032, driven by the rising demand for temperature-sensitive products.

The pharmaceutical segment is the fastest-growing, with a CAGR of over 9% between 2024 and 2032, driven by advancements in personalized medicine and biotechnology requiring specialized cold-chain logistics.

North America held over 30% of the global market in 2023, driven by the increasing demand for temperature-sensitive products in the pharmaceutical and food & beverage sectors.

Major players in the industry include Amcor, Cold Chain Technologies, Cold Ice, Pelican BioThermal, Polar Tech Industries, Sealed Air Corporation, Sofrigam, Sonoco Products Company, Tempack Packaging Solutions, Therapak, TP Solutions, and Woolcool.

Insulated Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 350
  • Countries covered: 21
  • Pages: 270
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