Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Thermal Insulation Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.9% during the review period (2022 to 2027).
Thermal Insulation Packaging Market Overview
Thermal insulation packaging is increasingly being used by the pharmaceutical industry, which is a key market driver. Pharmaceutical industry products are routinely shipped around the globe. Pharmaceutical logistics requires the employment of multiple transportation methods since it involves a complex network of local, regional, and international links. In the past, air and land transportation were the most common, but now days, sea freight is gaining ground. Because to the development and widespread usage of specialized insulated packaging materials, manufacturers of consumer goods have been able to expand their businesses beyond their local communities to serve clients from other states and abroad.
Due to the increased demand for thermal insulation packaging solutions in the pharmaceutical industry, particularly for medical items like testing kits, vaccine distribution, and the development of medications to cure illnesses, the market is anticipated to grow after the pandemic. Since temperature management affects the stability and quality of medications, the development of drugs for patient treatment increases the demand for more dependable thermal insulation packaging technologies.
Industry Development:
December 2021, Avantor, Inc. entered into a distribution agreement to supply Agilent technologies’ chemistries and supplies division products in the U.S. and Canada. This has in turn helped the company to earn revenue from the North American market.
July, 2021, Nordic Cold Chain Solutions informed about the methods and importance for using cold chain process. This has helped the company to attract more customers in the region.
Who are the Major Players in Thermal Insulation Packaging Market?
The Thermal Insulation Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Emball’ISO, Sonoco ThermoSafe, Pelican, Cold Chain Technologies, Sofrigam, CSafe Global, Insulated Products Corporation, Cryopak, Inmark LLC, Softbox Systems, Exeltainer, Providence Packaging and others.
What are the major Applications, Types and Regions for Thermal Insulation Packaging Market?
Thermal Insulation Packaging Market is segmented based on the Types, applications, End users, companies and regions.
Global Thermal Insulation Packaging Market, by Type
- Expanded Polystyrene (EPS)
- Vacuum Insulated Panel (VIP)
- Phase Change Material (PCM)
- Others
Global Thermal Insulation Packaging Market, by Applications
- Food & Beverage
- Pharmaceuticals
- Others
Thermal Insulation Packaging Market Regional Analysis
The growing need for items that are sensitive to temperature in the region has led to Europe dominating the thermal insulation packaging industry. Demand for thermal insulation packaging in the area is anticipated to expand as application utilisation in the pharmaceutical and food and beverage industries increases.
- 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 Thermal Insulation Packaging 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 4.7% during the review period (2022 to 2027).
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By Types
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- Expanded Polystyrene (EPS)
- Vacuum Insulated Panel (VIP)
- Phase Change Material (PCM)
- Others
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By Application
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- Food & Beverage
- Pharmaceuticals
- Others
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By Companies
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Emball’ISO, Sonoco ThermoSafe, Pelican, Cold Chain Technologies, Sofrigam, CSafe Global, Insulated Products Corporation, Cryopak, Inmark LLC, Softbox Systems, Exeltainer, Providence Packaging
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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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109
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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 Thermal Insulation Packaging Report
- Evaluate Thermal Insulation Packaging 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.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- 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 Thermal Insulation Packaging 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.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Thermal Insulation Packaging market.
Frequently Asked Questions
What is the study period of this market?
The Thermal Insulation Packaging Market is studied from 2017 - 2027.
What is the growth rate of Thermal Insulation Packaging Market?
The Thermal Insulation Packaging Market is growing at a CAGR of 6.9% over the next 5 years.
Who are the leading key players in Thermal Insulation Packaging Market?
Emball’ISO, Sonoco ThermoSafe, Pelican, Cold Chain Technologies, Sofrigam, CSafe Global, Insulated Products Corporation, Cryopak, Inmark LLC, Softbox Systems, Exeltainer, Providence Packaging
What regions does this Thermal Insulation Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Thermal Insulation Packaging Market?
Expanded Polystyrene (EPS), Vacuum Insulated Panel (VIP), Phase Change Material (PCM), Others
What are the significant applications of Thermal Insulation Packaging Market?
Food & Beverage, Pharmaceuticals, Others
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.
