New York
City, 28 January 2019: The global Insulated Packaging Market is
anticipated to reach USD 21.5 billion by 2026 according to a new research
published by Polaris Market Research. In 2018, the food and beverage segment
accounted for the highest market share in terms of revenue. Asia-Pacific is
expected to be the leading contributor to the global market revenue in 2018.
The increasing disposable incomes and
growing demand for fresh and natural products drives the market growth. Growing
urbanization, and improving living standards of consumers have increased the
demand for insulated packaging solutions. The growing need for temperature
sensitive packaging, improved shelf life of products, and high demand from the
food and beverage sector boost the insulated packaging market growth.
 |
The demand for insulated packaging has
increased from industries such as cosmetics, pharmaceutical, chemicals among
others. The increasing demand for fresh products, growth in pharmaceutical
industry, increasing trend of e-commerce, and growing demand from the emerging
economies are factors expected to offer numerous growth opportunities for the
insulated packaging industry during the forecast period.
A major application of
insulated packaging is in the pharmaceutical industry. Insulated packaging uses
simple materials such as cotton fiber pads for blocking the heat and high
maintenance of quality during transit. Insulated packaging comfortably
maintains the temperature of packages between 2-8 degrees C for more than 24
hours. This packaging offers medical sterilization owing to its capability to
provide a strong sterile barrier. It provides heat resistance, which increases
shelf life and ease of use. It is widely used in hospitals and by medical
equipment and medical disposables manufacturers. This technology also opens up
new avenues of service, where patients with chronic illness can get medications
delivered at home.
Competitive Landscape and Key Vendors:
Asia-Pacific generated
the highest market share in terms of revenue in 2018 in the insulated packaging
industry, and is expected to lead the global market throughout the forecast
period. The growing population, rising disposable incomes, and increasing
living standards support the growth of insulated packaging industry in the
region. The increasing demand from the food and beverage, and pharmaceutical
industry is expected to generate numerous opportunities for the industry during
the forecast period.
The well-known companies profiled in
the report include Amcor Limited, E.I. Du Pont De Nemours and Co., Davis Core
& Pad Company, Sonoco Products Company, Innovative Energy, Inc, Deutsche
Post AG, Marko Foam Products, Inc., Huhtamaki Group, Providence Packaging, and
The Wool Packaging Company Limited. These companies launch new products and
collaborate with other leaders in the market to innovate and launch new
products to meet the increasing needs and requirements of consumers.
No comments:
Post a Comment