The
global Insulated
Shippers Market size is anticipated to reach USD 13.9 billion by
2028, accelerating at a CAGR of 10.0% over the forecast period, according to a
new report by Grand View Research, Inc. The product is expected to witness
significant demand in the coming years on account of its growing use in various
end-use industries such as food & beverages and pharmaceuticals.
The
penetration of the Internet has increased significantly globally over the past
few years and led to the availability of groceries online. In order to deliver
fresh produce or temperature-sensitive food products, online grocery stores
majorly prefer insulated packaging to prevent the deterioration of fresh
produce by maintaining the desired temperature. Therefore, on account of ever-increasing online
groceries, home delivery end-use segment is anticipated to experience the
highest growth rate in the coming years.
The
unavailability of adequate refrigerated logistics, most notably in remote
areas, is responsible for drug damage. Moreover, it is not an economical option
to invest in large cold chain solutions in such areas. Thus, insulated shippers
offer ideal solution in such cases as they help maintain the required
temperature at minimal expenditure.
Paper-based
insulated shippers emerged as the largest segment in 2018, grabbing a market
share of 26.0%. The segment is expected to gain momentum over the forecast
period owing to the furtherance of cellulose insulation production technology.
In this respect, insulated shippers industry is witnessing an increasing
adoption of fiberization technology through which product manufacturers can
maximize the function of fiber separation. Research & development
activities are likely to surface in the industry over the forecast period with
prominent market players keen on global expansion.
Grocery
is among the most significant end-use segments in the market for insulated
packaging given its growth over the years and is expected to grow at a
consistent CAGR of 7.2% over the forecast period. The anticipated growth of the
segment is attributable to the increasing consumption of grocery products
paired with the mushrooming growth of retail chains, most notably supermarket
& hypermarket chains, in emerging economies. The segment includes the
packaging and shipping of a wide range of products including bakery products,
sauces, milk, and purees, among others.
Central
& South America market for insulated shippers is expected to grow at the
fastest CAGR of 8.7% over the forecast period. The demand for online groceries
is significantly higher in Central & South America compared to other
regions, which, in turn, has been augmenting the demand for insulated shippers
in the region. Furthermore, factors such as strong demand from end-use
industries and expanding online grocery platforms in the region are anticipated
to positively influence the growth of insulated shippers market. In Asia
Pacific, several key companies, most notably in the food manufacturing space in
Europe and North America have been outsourcing production activities to India
and China owing to the lower production cost in these countries.
List of Key Players of Insulated Shippers Market
- Sonoco
Products Company
- Sealed Air
- FEURER Group
GmbH
- Sancell
- The Wool
Packaging Company Limited
- Cool Pac
- Cascades, Inc.
- ICEE
Insulated Folding Boxes
- Dinkhauser
Kartonagen GmbH
- TemperPack
- Icertech
- Insulated
Products Corporation
- Cambro
- PED
Technologies Ltd
- Overath GmbH
- Barth GmbH
- Pelican
BioThermal
- Softbox
- Olivo
- Cryopak
- Liviri
- SOFRIGAM
- Polar Tech
Industries, Inc.
Related Press
Release@ Insulated
Shippers Market Report
Insulated Shippers Market Report Highlights
- In terms of
material, Expanded Polypropylene (EPP) shippers segment is expected to
ascend at a remarkable CAGR of 9.4% over the forecast period
- In terms of
type, multiple-use segment was valued at USD 2,004.2 million in 2018 and
is expected to grow at the highest CAGR over the forecast period
- Home
delivery was the largest end-use segment in 2018 and grabbed a market
share of 35.3% in 2018, which is expected to reach 39.7% by 2025
- Asia Pacific
was the largest regional market for insulated shippers in 2018
- The market
is characterized by intense competition with both international and
domestic participants sharing the market space and product innovation
being observed as the key strategy deployed by various industry
participants to stay competitive in the market
- Sonoco
Products Company, which offers a wide range of products ranging from cargo
insulating solutions to insulated bags and shippers, emerged as a market
leader in the public companies category of the insulated packaging market.
Request a Free Consultation@ https://www.grandviewresearch.com/request-free-consultation/6389/rfc
Insulated Shippers
Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 7.2 billion |
|
Revenue forecast in 2028 |
USD 13.9 billion |
|
Growth Rate |
CAGR of 10.0% from 2021 to 2028 |
|
Base year for estimation |
2020 |
Insulated Shippers Market Segmentation
Grand
View Research has segmented the global insulated shippers market on the basis
of material, type, end-use, and region.
Insulated Shippers Material Outlook (Volume, Million
Units; Revenue, USD Million, 2017 - 2028)
- Paper-based
- Wool
- Expanded
Polystyrene (EPS)
- Expanded
Polypropylene (EPP)
- Polyurethane
(PU)
- Metalized
Bubble Wrap
- Vacuum
Insulated Panels
- Biodegradables
- Others
Insulated Shippers Type Outlook (Volume, Million Units;
Revenue, USD Million, 2017 - 2028)
- Single-use
- Multiple-use
Insulated Shippers End-use Outlook (Volume, Million
Units; Revenue, USD Million, 2017 - 2028)
- Home
Delivery
- Grocery
- Meal Kits
- Pre-Prepared
Meals
- Chocolates
- Wine
- Cheese
- Meat
- Others
- Agriculture
- Grapes
- Broccoli
- Tomatoes
- Corn
- Sprouts
- Strawberries
- Others
- Fish
- Salmon
- Prawn/Shrimp
- Oyster
- Others
- Life
Sciences
- Pharmaceuticals
- Blood
- Clinical
Trials
- Drug
Testing
- Pathology
- Organ
Transplantation
- Others
Insulated Shippers Regional Outlook (Volume, Million
Units; Revenue, USD Million, 2017 - 2028)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- South Korea
- Australia
- Central
& South America
- Brazil
- Middle East
& Africa
- Saudi
Arabia
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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