Overview of the global isothermal packaging market
Research analysis on the global isothermal packaging market identifies that the increasing need for sustainable packaging will be one of the major factors that will have a positive impact on the growth of the market. The rise in the environmental degradation has boosted the environment conservation activities around the world. This has increased the consumer interests toward the environmental stability and has raised in the demand for environment-friendly, sustainable, and biodegradable packaging globally. Vendors are increasingly concentrating on making isothermal packaging biodegradable that will increase its demand during the forecast period. For instance, one of the prominent vendors, Cedric Ragot has launched an 100% biodegradable isothermal packaging that is durable and light weight. The material for the packaging is made from potato starch and a champagne bottle placed inside will be cool for about 2 hours. Many manufacturers are investing in lowering the impact of packaging on the environment with being widely conscious of environmental safety. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.
The rising demand from the online retail sector is one of the key trends that will contribute to the growth of this market in the forthcoming years. The rapid changes in the consumer lifestyle has widely influenced the growth of the retail sector. The rise in online sales will drive the demand for isothermal packaging for delivering fresh goods to the consumers. As convenience has become a major concern for consumers, online sales for frozen foods and pharmaceuticals has significantly increased over the years. This is mainly due to the preservation of fresh quality of food when delivered. Also, the quick delivery services and discounted prices available online are likely to contribute to the increasing demand for isothermal packaging.
Competitive landscape and key vendors
The isothermal packaging market consists of many local and international vendors. Vendors in this market are constantly adopting effective marketing and promotion strategies. They are also offering new and improved products to cater to the expectations of the consumers and sustain their market positions.
The leading vendors in the market are –
- AirContainer Packaging System
- InsulTote
- Polar Tech
- Sonoco
The other prominent vendors in the market are American Aerogel, Cold Ice, Davis Core, Exeltainer, IPC Pack, JB Packaging, Marko Foam Products, Providence Packaging, TemperPack, TP Solutions, and WoolCool
Segmentation by end-user and analysis of the isothermal packaging market
During 2016, the pharmaceutical segment accounted for the major shares of the isothermal packaging market. Factors such as the rising demand for temperature-controlled pharmaceutical products and the increasing demand for alternative medicines, homeopathic medicines, and dietary supplements, will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the isothermal packaging market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the isothermal packaging market by 2021. The rising online demand for frozen foods and medicines and the increasing preservation of medications in hospitals, will drive the demand for isothermal packaging in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global isothermal packaging market?
- What are the key market trends impacting the growth of the global isothermal packaging market?
- What are the challenges to market growth?
- Who are the key vendors in the global isothermal packaging market?
- What are the market opportunities and threats faced by the vendors in the global isothermal packaging market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global isothermal packaging market?
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