The global insulated packaging market is projected to grow at a CAGR of 4.7% during the forecast period. The key factors that drive the growth of the market include the wide range of properties it offers for preserving the product.
Insulated packaging is primarily used to ship temperature-sensitive products such as pharmaceuticals, food & beverages, and others. It is widely accepted across these applications due to its preserving nature regarding the product. It maintains the condition and appearance of food products as well as the chemical composition of pharmaceuticals products. Thus, this type of packaging is considered superior to other types of packaging. Further, critical products including medicines and chemicals find a substantial application in the insulated packaging market. The chemical composition of the pharmaceuticals may change if the products are not stored under specified temperatures. In such cases, insulated packaging preserves the chemical composition of pharmaceutical products and also ensures that no efficacy is lost during transport.
Similarly, the insulated packaging assists in the transit of various products such as food and beverage, cosmetic and personal care products, a certain type of chemicals, and many more items. Besides, the mandatory rules by the government for the safe transit of medical products also encourage the adoption of insulated packaging; as drug manufacturers are expected to ensure that their packaging complies with specific criteria of maintaining the temperature. Thus, such aforementioned factors are likely to drive the growth of the global insulated packaging industry over the forecast period.
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Global 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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