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North America Insulated Packaging Market Size
- Report ID: GMI4068
- Published Date: Jul 2019
- Report Format: PDF
North America Insulated Packaging Market Size
North America Insulated Packaging Market size was over USD 2 billion in 2018 and industry expects demand of above 2 million tons by 2025.
Increasing trade among nations owing to growing globalization will positively North America insulated packaging market growth. It has applications in numerous industries including food & beverage, cosmetics & personal care, pharmaceutical, and chemical due to high versatility. The product helps to prevent internal contents spoilage due to temperature changes.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| North America Insulated Packaging Market Size in 2018: | 2 Billion (USD) |
| Forecast Period: | 2019 to 2025 |
| 2025 Value Projection: | 3 Billion (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 145 |
| Tables, Charts & Figures: | 131 |
| Segments covered: | Material, Application, Packaging Type, Type, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Packaged food industry size is anticipated to grow over 4.0% by 2020. Rapid urbanization has escalated processed food market growth which may favour packaging solutions demand. The product offers resistance and protection from bacterial growth which may lead to stomach infection and food poisoning. Growing retail chain networks including hypermarkets and supermarkets will positively impact food & beverage industry size which in turn would propel product demand.
Industrial chemicals due to their hazardous nature may easily catch fire. Insulated packing solutions helps to maintain a constant temperature during the entire transit. Global specialty chemicals market is anticipated to grow over 5% by 2024. Increasing digitalization will foster industrial chemicals production which will have a positive impact on insulated packing market growth.
Global beauty & personal care industry size is anticipated to witness substantial gains over 7.0% by 2024 owing to changing consumer buying patterns for personal grooming products. Cosmetics are sensitive to elevated or freezing temperatures. Rigid packaging boxes are used in the cosmetics & personal care industry to keep the products at stable temperature thereby preventing spoilage enhancing shelf life. These factors will propel industry growth.
Stringent government regulations regarding wood, paper, and plastics utilization may restrict market growth and industry profitability. Stringent environmental guidelines regarding deforestation may reduce wood utilization for insulated packing purposes. Fluctuating crude oil prices may also impact plastic industry growth which may affect industry price trends.
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North America Insulated Packaging Market Scope
