According to a new market report published by Lucintel, the future of the insulated packaging market looks promising with opportunities in the food & beverage, industrial, pharmaceutical, and cosmetic industries. The global insulated packaging market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are increasing concern towards product presentation with safety and growing demand for ready-to-eat food among the growing workforce.
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Insulated packaging is a packaging process, which keeps air and pollutants out, so that the food does not get contaminated. In this market, plastics, wood, corrugated cardboards, and glass are the major material types of insulated packaging. Lucintel forecasts that plastics will remain the largest material type segment over the forecast period, as it is used to pack food items to preserve & dry age them over a long duration spanning from few months to several years.
Within this market, food & beverages will remain the largest application segment over the forecast period due to increasing population and growing disposable income.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to rapid growth in the parent packaging market and increasing concern towards product presentation and safety in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of temperature controlled packaging and development of low price packaging. Deutsche Post, E.I. Du Pont De Nemours, Huhtamaki, and Sonoco Products are among the major suppliers in the global insulated packaging market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global insulated packaging market by material type, application, packaging type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Insulated Packaging Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global insulated packaging market by material type, application, packaging type, and region as follows:
By Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Plastics
Wood
Corrugated Cardboards
Glass
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food & Beverages
Industrial
Pharmaceuticals
Cosmetics
By Packaging Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Boxes & Containers
Bags & Pouches
Wraps
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.