Global Insulated Plastic Packaging Market, By Product (Boxes, Containers), Packaging Type (Rigid, Flexible, Semi-rigid), End User (Food and Beverages, Industrial Goods, Pharmaceutical, Electrical and Electronics, Personal Care, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Plastic is mainly used to package products which require storage under controlled pressure and temperature. Insulated plastic packaging are used for various products which are packaged by using plastic in which included food product such as red meat, poultry and seafood and medicine and many other products Insulated Plastic packaging is also used to pack meats to preserve and dry them over a long period of time.
Data Bridge Market Research analyses that the insulated plastic packaging market was valued at USD 5959.032 million in 2021 and is expected to reach USD 10548.97 million by 2029, registering a CAGR of 7.40 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Boxes, Containers), Packaging Type (Rigid, Flexible, Semi-rigid), End User (Food and Beverages, Industrial Goods, Pharmaceutical, Electrical and Electronics, Personal Care, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Amcor Plc (Switzerland), Sonoco Products Company (U.S), Huhtamaki (Finland), Innovative Energy Inc. (U.S), TemperPack (U.S), Provident Packaging Corp (U.S), American Aerogel Corporation (U.S), Sofrigam (France), Drew foam (U.S), Cryopak (U.S), Creo pack (Canada), Marko foam products (U.S), Airlite Plastics (U.S), Davis Core & Pad Company (U.S), DuPont (U.S), DS Smith (U.K), Constantia Flexibles (Austria), cold ice inc (U.S)
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Market Opportunities
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Market Definition
Insulated plastic packaging is used to maintain the temperature of temperature-sensitive products organs, blood, biologic materials, vaccines, like foods, pharmaceuticals, chemicals and others. They are used to help maintain the product efficacy and freshness during transportation or any other delivery purposes.
Insulated Plastic Packaging Market Dynamics
Drivers
- Protecting against impact
Polypropylene and polyurethane is the component of plastic. Polypropylene is a very strong material with high impact resistance which is add to plastic for increased resistance property. Polyurethane is a very effective thermal insulating material which is used to protect drugs from environmental impact during transportation.
- Rising Urbanization
High disposable incomes and changing lifestyles are some major factors that have led to people trusting on packaged and processed food products and other products. Frozen and Processed products are usually ready-to-eat meals that helps the working population to save their time and efforts which has required to cook proper meals. Plastic Insulated packaging is required for products like medical, frozen foods, fish, meat, vegetables and fruits supplies to keep them at stable temperature. Due to this increase the demand of insulated plastic packaging which are expected to drive the market growth rate.
- Growing e-commerce sector
The rise in the number of e-commerce websites for medicines, food and beverages is flourishing the demand for delivery of fresh goods without any wastage. This is further growing the adoption of insulated plastic packaging by online grocery stores overall the globe during forecast period.
Opportunities
Technological advancements in safe packaging result in the use of bio-based substitute for moderating the carbon emissions and growing research & development activities to create innovative packaging solutions which impact the demand for insulated plastic packaging. Moreover, the increase in urbanization, the development of the e-commerce market, the increase in demand for temperature-sensitive products, the changing the customer preference during pandemic, and the rise in people's disposable income will create the beneficial opportunities for insulated plastic packaging market. Furthermore, expansion in the pharmaceutical industry, advancements in packaging solutions, and strong growth potential in emerging economies are posing lucrative opportunities for the market's growth rate.
Restraints/ Challenges
The manufacturers of insulated plastic materials are facing a lack of primary raw materials, such as plastic. Volatile currency exchange charges lead to an upsurge in the costs of raw materials from global markets. Due to the volatile prices of materials and chemicals raw material manufacturers are facing intense competition for margins. So, the increased price of crude oil is the major hindrance for the development of plastic polymers, like polyurethane, polystyrene and polyethylene which are the major market restrains that will obstruct the growth of the insulated plastic packaging market rate.
This insulated plastic packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insulated plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Insulated Plastic Packaging Market
The ongoing coronavirus pandemic has undesirably affected a several industrial sectors globally, especially the packaging industry. Over the historical years, companies in this sector focused on developing biodegradable, environment-friendly, and reusable solutions. However, during pandemic high concerns about the hygiene and safety of reusable packaging have led to a temporary pause in the industries, which probably created challenges for the growth of the insulated plastic packaging industry. However, rapid growth in the export of COVID vaccines is expected to fuel the use of insulated plate boxes in the shipment for temperature-sensitive vaccines and other healthcare products and materials during pandemic.
Global Insulated Plastic Packaging Market Scope
The insulated plastic packaging market is segmented on the basis of products, packaging type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Boxes
- Containers
Packaging Type
- Rigid, Flexible
- Semi-rigid
End User
- Food and Beverages
- Industrial Goods
- Pharmaceutical
- Electrical and Electronics
- Personal Care
- Others
Insulated Plastic Packaging Market Regional Analysis/Insights
The insulated plastic packaging market is analysed and market size insights and trends are provided by country, packaging type and end-user as referenced above.
The countries covered in the insulated plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the insulated plastic packaging market in terms of market share during the forecast period. This is due to the increasing demand for insulated plastic packaging in this region. The Asia-Pacific region leads the insulated plastic packaging market, with China leading the way in terms of growing demand for plastic based packaging in this region.
During the forecast period, North America is anticipated to be the fastest developing region due to rapid urbanization and growing population are increasing the demand for the packaging industry in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Insulated Plastic Packaging Market Share Analysis
The insulated plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to insulated plastic packaging market.
Some of the major players operating in the insulated plastic packaging market are:
- Amcor Plc (Switzerland)
- Sonoco Products Company (U.S)
- Huhtamaki (Finland)
- Innovative Energy Inc. (U.S)
- TemperPack (U.S)
- Provident Packaging Corp (U.S)
- American Aerogel Corporation (U.S)
- Sofrigam (France)
- Drew foam (U.S)
- Cryopak (U.S)
- Creo pack (Canada)
- Marko foam products (U.S)
- Airlite Plastics (U.S)
- Davis Core & Pad Company (U.S)
- DuPont (US)
- DS Smith (U.K)
- Constantia Flexibles (Austria)
- cold ice inc (U.S)
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