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Insulated Shipping Packaging Market By Product type, By Business, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 254 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725099
The global insulated shipping packaging market size was valued at $7,386.9 million in 2021, and is projected to reach $13,729.8 million by 2031, registering a CAGR of 6.3% from 2022 to 2031. Insulated shipping packaging includes several types of packaging mediums including small boxes and large shipping containers. Insulated shipping packaging prevents the spoiling of temperature-sensitive products during their transportation by creating thermal insulation around the products; thereby, restricting the heat exchange inside and outside the packaging.

Food & beverage, and personal care products industries have witnessed a rise in demand, owing to surge in disposable income and growth and growth of e-commerce. These industries, which are the end-users of insulated shipping packaging, are anticipated to drive the demand in the insulated shipping packaging market. The pharmaceutical industry is also witnessing significant growth owing to the increasing population. Pharmaceutical industry being a major user of insulated shipping packaging is anticipated to significantly increase the demand in the insulated shipping packaging market. Moreover, increasing industrialization, and growing domestic and international trade are expected to provide lucrative growth opportunities for the growth of insulated shipping packaging market.

The insulated shipping packaging market is segmented on the basis of product type, business, application and region. By product type, the market is bifurcated into containers, and boxes. By business, the market is categorized into warehousing, and transportation. On the basis of application, it is categorized into food and beverage, industrial goods, personal care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players that operate in the global market have adopted key strategies such as partnership and product launch to strengthen their market outreach and sustain the stiff competition in the market.

Competition Analysis
Key companies profiled in the insulated shipping packaging market report include COOL Sarl, CREOPACK, Drew Foam Companies, Inc., Harwal Group, Integreon Global (Cryopak), Marko Foam Products, Sofrigam, Sonoco Products Company, Topa Thermal, and W. W. Grainger, Inc.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging insulated shipping packaging market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2031.
  • Extensive analysis of the insulated shipping packaging market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
  • The global insulated shipping packaging market forecast analysis from 2022 to 2031 is included in the report.
  • The key market players within insulated shipping packaging market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the insulated shipping packaging industry.

Key Market Segments

By Product type

  • Boxes
  • Containers

By Business

  • Warehousing
  • Transportation

By Application

  • Food and Beverages
  • Industrial Goods
  • Personal Care
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Harwal Group
  • Topa Thermal
  • sofrigam
  • Drew Foam Companies, Inc.
  • CREOPACK
  • Sonoco Products Company
  • COOL Sarl
  • Marko Foam Products
  • W. W. Grainger, Inc.
  • Integreon Global (Cryopak)

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: INSULATED SHIPPING PACKAGING MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Boxes
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Containers
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: INSULATED SHIPPING PACKAGING MARKET, BY BUSINESS
5.1 Overview
5.1.1 Market size and forecast
5.2 Warehousing
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Transportation
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: INSULATED SHIPPING PACKAGING MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Food and Beverages
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Industrial Goods
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Personal Care
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country

CHAPTER 7: INSULATED SHIPPING PACKAGING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product type
7.2.3 North America Market size and forecast, by Business
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Product type
7.2.5.1.3 Market size and forecast, by Business
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Product type
7.2.5.2.3 Market size and forecast, by Business
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Product type
7.2.5.3.3 Market size and forecast, by Business
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product type
7.3.3 Europe Market size and forecast, by Business
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Product type
7.3.5.1.3 Market size and forecast, by Business
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Product type
7.3.5.2.3 Market size and forecast, by Business
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Product type
7.3.5.3.3 Market size and forecast, by Business
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Product type
7.3.5.4.3 Market size and forecast, by Business
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Product type
7.3.5.5.3 Market size and forecast, by Business
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product type
7.4.3 Asia-Pacific Market size and forecast, by Business
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Product type
7.4.5.1.3 Market size and forecast, by Business
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 India
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Product type
7.4.5.2.3 Market size and forecast, by Business
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 Japan
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Product type
7.4.5.3.3 Market size and forecast, by Business
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Product type
7.4.5.4.3 Market size and forecast, by Business
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Product type
7.4.5.5.3 Market size and forecast, by Business
7.4.5.5.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product type
7.5.3 LAMEA Market size and forecast, by Business
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Product type
7.5.5.1.3 Market size and forecast, by Business
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Product type
7.5.5.2.3 Market size and forecast, by Business
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Product type
7.5.5.3.3 Market size and forecast, by Business
7.5.5.3.4 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Harwal Group
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Topa Thermal
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 sofrigam
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Drew Foam Companies, Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 CREOPACK
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Sonoco Products Company
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 COOL Sarl
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Marko Foam Products
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 W. W. Grainger, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Integreon Global (Cryopak)
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Insulated Shipping Packaging Market,' the insulated shipping packaging market size was valued at $7.4 billion in 2021, and is estimated to reach $13.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Increasing domestic and global trade, and e-commerce have driven growth in the shipping industry. The ability of insulated shipping packaging to ship temperature-sensitive goods is a major factor driving the insulated shipping packaging market growth.

Typically, there are two product types of insulated shipping packaging; containers, and boxes. Out of these, the container segment accounted for the highest market share in 2021, owing to its large-scale usage which is fueled by increasing international trade. On the types of business, the market is analyzed on the basis of warehousing, and transportation. Among these, the warehousing segment is expected to grow with a higher CAGR, owing to growing global trade. Furthermore, the market is analyzed with respect to different applications of insulated shipping packaging in food and beverage, industrial goods, personal care, and other industries. Among these, the food and beverages segment registered higher revenue in 2021, owing to increasing demand for food and beverages. The market is mainly driven by rise in temperature-sensitive goods industries, and rise in e-commerce. However, the negative environmental impact of insulated shipping packaging constraints the growth of the market.

In 2021, Asia-Pacific dominated the global insulated shipping packaging market share, in terms of revenue, followed by North America and Europe. Moreover, the market in LAMEA is anticipated to grow with the highest CAGR, owing to growth in the use of insulated shipping packaging for the pharmaceutical and food & beverage industries.

The favorable guidelines introduced by the governments of their respective countries, especially in developing nations to support the growth of the domestic industry are expected to provide lucrative opportunities for the growth of the insulated shipping packaging market.

Furthermore, key players in the insulated shipping packaging market adopted various strategies to sustain the harsh competition. For instance, in November 2020, Sonoco ThermoSafe, a unit of Sonoco Products Company and the leading global provider of temperature assurance packaging for life sciences and healthcare, announced the launch of its new EOS line of fully curbside recyclable temperature-controlled packaging in the U.S. This will assist the company in achieving its sustainability goals.

However, during the pandemic lockdown, various manufacturers of insulated shipping packaging had to stop their business in countries such as China, the U.S., and India. This break directly impacted their sales. In addition, lack of manpower and constricted supply of raw materials for packaging have negatively influenced the growth of the market. However, after two years of the COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key Findings Of The Study

The report provides an extensive insulated shipping packaging market analysis of the current and emerging insulated shipping packaging market trends and dynamics.

Depending on product type, the container segment dominated the insulated shipping packaging market, in terms of revenue in 2021.

By business type, warehousing industry is expected to grow with a higher CAGR.

By application, food and beverages segment dominated the insulated shipping packaging market, in terms of revenue in 2021.

Asia-Pacific is projected to register the highest growth rate in the coming years.

The key players within the insulated shipping packaging market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the insulated shipping packaging industry.

The report provides an extensive analysis of the current trends and emerging opportunities in the market.

In-depth insulated shipping packaging market forecast analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

Companies Mentioned

  • Harwal Group
  • Topa Thermal
  • Sofrigam
  • Drew Foam Companies, Inc.
  • Creopack
  • Sonoco Products Company
  • Cool Sarl
  • Marko Foam Products
  • W. W. Grainger, Inc.
  • Integreon Global (Cryopak)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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