Registering a CAGR of 6.4% over the forecast period of 2022-2027, the global Insulated Pallet Covers Market is anticipated to reach the market value of US$ 10,469.73 million by 2028 from US$ 4,148.15 million in 2020.
Insulated Pallet Covers Market Overview
The growing food and beverages industries are expected to boost the demand in the coming years since several food and beverages need safe & protective packaging during transportation. Further the requirement of proper temperature regulation in the packaging also creates significant opportunities for Thermal Pallet Covers in the food and beverages industries. Improper packing transportation results in severe losses for the companies as the product quality gets downgraded and results in rejections back to the manufacturers. Substantial growth in the pharmaceutical industries is anticipated to boost the consumption rate over the forecast period. Several drugs and medicine in the pharmaceutical and healthcare sector need to be maintained at a specific temperature until the dosage completed. The significantly growing demand of the medicine and drugs are generating strong demand for the Thermal Pallet Covers and the sector is also estimated to remain a prominent application segment for the market.
In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier films to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.
Recent Developments:
Softbox launches new temperature control packaging systems
January 28, 2019: Softbox, an innovator and provider of temperature control packaging for the life science and logistics industries has announced plans to unveil new pallet and parcel shipping systems at the Temperature Controlled Logistics (IQPC) in London this January.
What are the major Applications, Types and Regions for Insulated Pallet Covers Market?
Insulated Pallet Covers Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Standard Pallet Size
- Airfreight Pallet Size
- Other
By Applications it is segmented into
- Food
- Perishables
- Healthcare and Pharma
- Industrial & Chemical
- Others
Market Segments Analysis
- The market for pharmaceuticals is estimated to grow at the highest CAGR of 15.5% during 2021–2028. Many drugs often need to be maintained withing a certain temperature range until the dose is administered. Pharmaceutical industry is adhered to temperature restrictions to ensure the basic formulation of drug is consistent and efficiency is not hampered. Thermal pallet covers offer excellent protection against temperature excursions by shielding the pharmaceutical products from solar radiations and extreme ambient temperatures (hot and cold).
Insulated Pallet Covers Market Regional Analysis
Asia-Pacific held the major share in the Insulated pallet covers market. However, North America is predictable to register the highest CAGR during the forecast period. North America largely supports the market growth through effective manufacturing and trade policies. The accelerated development of the food & beverage industry in the region is anticipated to drive the demand for the Insulated pallet covers in the coming years since the covers are highly utilized while transporting food and beverage products.
During the forecast period, North America is expected to develop at the fastest CAGR. These solutions protect pallets from extreme cold and heat during transit, loading/unloading, and storage. Because of its excellent manufacturing and trade regulations, North America is a major contributor to the growth of the thermal pallet covers market. The region's well-established food and beverage industry contributes to the region's high need for thermal pallet covers.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Insulated Pallet Covers Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.4% over the forecast period (2022-2027)
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By Type
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- Standard Pallet Size
- Airfreight Pallet Size
- Other
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By Application
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- Food
- Perishables
- Healthcare and Pharma
- Industrial & Chemical
- Others
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By Companies
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Softbox, Polar Tech, IPC, Nordic Cold Chain Solutions, TPS, QProducts＆Services, Eceplast, Protek Carg, COMBITHERM, ECOCOOL
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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136
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Insulated Pallet Covers Report
- Evaluate Insulated Pallet Covers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Insulated Pallet Covers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Insulated Pallet Covers Market?
The Insulated Pallet Covers Market is growing at a CAGR of 6.4% over the next 5 years.
Who are the key players in Insulated Pallet Covers Market?
Softbox, Polar Tech, IPC, Nordic Cold Chain Solutions, TPS, QProducts＆Services, Eceplast, Protek Carg, COMBITHERM, ECOCOOL
What are the significant types of Insulated Pallet Covers Market?
Standard Pallet Size, Airfreight Pallet Size, Other
What are the major end-use applications of Insulated Pallet Covers Market?
Food, Perishables, Healthcare and Pharma, Industrial & Chemical, Others
How can I get a sample report/company profiles for the Insulated Pallet Covers Market?
The sample report for Insulated Pallet Covers Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
