Insulated Packaging Market Is Poised To Grow At ~5.68% CAGR During Forecast 2023

Insulated Packaging Market Overview

Insulated packaging is made from materials with low thermal conductivity and higher heat resistance. The production and supply of temperature sensitive products from pharmaceutical, cosmetic and other industries have increased significantly, which is resulting in the development of high quality insulated packaging. Market Research Future (MRFR) has published a detailed report stating that the global insulated packaging market is anticipated to expand moderately at a CAGR of 5.68% during the forecast period of 2017-2023.

Market Segmentation

The global Insulated Packaging Market has been segmented on the basis of material, packaging type and application. Based on material, the insulated packaging market has been segmented into glass, plastic, wood, cupboard, and others.

Based on packaging type, the insulated packaging market has been segmented into box & container, flexible blanket, bags, wraps, and others. Based on application, the insulated packaging market has been segmented into food and beverage, industrial, personal care, healthcare and others. Among these, the food and beverage segment is expanding with a significant market share in the global insulated packaging market.

Key Players

The major players profiled by MRFR that are operating in the global insulated packaging market are Deutsche Post DHL (Germany), Amcor Ltd. (Australia), E.I. Du Pont De Nemours and Co. (the U.S.), Huhtamaki OYJ (Finland), Sonoco Products Company (the U.S.), Exeltainer (Spain), American Aerogel Corporation (the U.S.), Thermal Packaging Solutions (Australia), TemperPack (the U.S.), Insulated Products Corp (the U.S), and Davis Core & Pad Co.(the U.S.)

Market Drivers and Restraints

Rapid increase in global population is inducing high demand for various products with improved shelf life. Insulated packaging provides the contents with protection against the damage caused by heat. Increased production of temperature-sensitive products in various industries such as food and beverages, pharmaceutical, cosmetic and others is inducing high demand for insulated packaging solutions, resulting in the expansion of the global insulated packaging market.

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