Insulated Packaging Market is anticipated to grow at a CAGR of 4.7% during the forecast period. The key factors that drive the growth of the global insulated packaging market include the requirement for proper packaging of the product. Such advanced packaging technologies bring together a vast range of techniques and materials with two basic objectives: to protect the product and to display items for sale. According to the FAO report 2019, a majority of agricultural products are destroyed due to the absence of packaging. The causes of this loss are bad weather, physical, chemical, microbiological deterioration, and lack of desired packaging infrastructure. This increases the demand for insulated packaging and hence drives the market growth.
Insulated packaging offers resistance to the heat that transfers from one object to another with two different temperatures having low thermal conductivity. During transportation, thermal fluctuations of the temperature-sensitive products may deteriorate the quality of the product. To contain this, major companies are using insulated packaging, as it protects the product as well as maintain its specifications. Such properties offered by the insulated packaging encourage its adoption as well as aids in the growth of the global insulated packaging market over the forecast period. However, factors such as low awareness and low reach amongst the peoples may challenge the market growth over the forecast period. In addition, the higher cost of shipping smaller lots and the restricted number of destinations and temperature ranges available also acts as a barrier to the growth of the market over the forecast period.
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Insulated Packaging Market Segmentation
By Material
- Corrugated Cardboard
- Plastics
- Glass
- Others
By Product Type
- Rigid
- Semi-Rigid
- Flexible
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
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