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This market research includes a detailed segmentation of the global insulated packaging market by product type (boxes and containers, bags and pouches, wraps, and others). It also outlines the market shares for key regions like APAC, Europe, North America, and ROW. The leading vendors analyzed in this report are Amcor, Deutsche Post DHL, Huhtamaki, Innovative Energy, and Sonoco.
Technavio’s insulated packaging market research analyst predicts the global insulated packaging market to grow steadily at a CAGR of around 6% by 2020. The prospects for growth in the insulated packaging market are driven by the growing demand from the pharmaceutical and the rapidly growing e-commerce industries. Factors such as an increase in the per capita income and growing urbanization in developing countries, especially in regions like India and Brazil, will spur this market’s growth prospects until the end of 2020.
In this market study, analysts have estimated that a rise in the price of raw materials will negatively affect the prospects for growth in this market. Since paper pulp is one of the major raw materials used in the manufacture of insulated packaging, any volatility in its price will hamper the growth prospects for this market during the forecast period.
A comprehensive vendor analysis carried out by the analysts at Technavio has shown that the boxes and containers segment held the highest market share during 2015. An increase in the demand for pharmaceutical products and vaccines, which require a stable temperature condition, will increase the demand for boxes and containers during the forecast period.
In this market study, analysts have estimated the APAC region to be the largest market for insulated packaging during the forecast period. The growth of the manufacturing sector and changing trends in demography are the two major factors that promote insulated packaging market growth in this region. This region is closely followed by Europe, where an increase in m-commerce activities will boost the sale of packaging products during the predicted period.
The global insulated packaging market is highly competitive and is characterized by the presence of intense competition among regional and global vendors. The high level of vendor competition in this market will result in product innovation, attractive packaging, better services, and pricing.
The leading vendors in the market are -
Other prominent vendors in the market include American Aerogel, Cold Ice, Davis Core, DuPont, Ecovative, Exeltainer, IPC Pack, JB Packaging, Laminar Medica, Marko Foam Products, Providence Packaging, TemperPack, TP Solutions, and WoolCool.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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This report is available in English.
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