Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Thermal Insulated Packaging for Food Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.2% during the review period (2022 to 2027).
The thermal insulated packaging market is expected to be worth USD 21.95 billion by 2027, growing at a CAGR of 5.2% from 2022 to 2027. The market was valued at USD 12.18 billion in 2021.
The thermal insulated packaging market is continuously expanding as people's disposable income and living standards rise. The global commerce of perishable and frozen goods has increased dramatically, resulting in increased need for insulated packaging materials.
Thermal insulation packaging is extremely useful for biopharma industry to preserve the quality of the products. Thermal insulation packaging has been highly effective to reduce losses and ensures optimum freshness for food industry. The food packaging industry is witnessing significant growth, owing to the increasing demand for packaged food and ready-to-eat food consumption. Moreover, the increasing trend of online food ordering and online grocery shopping is giving rise to the need for shipment and storage of perishables in a thermally controlled environment. Protection, preservation, maintaining, and extending the shelf-life of food products are the primary challenges faced in the food industry. As the food products are prone to deteriorate over the period, which affects their flavor, taste, texture, and color, choosing the right packaging products is necessary.
April 2020 - Cryopak announced its next entry into an expanding line of ecologically-friendly shipping solutions with Solversa. Solversa is a 100% sustainable and recyclable product line that is made from post-consumer recycled PET or cotton fibers. It is designed to replace EPS products, foam, and other insulators. The Solversa line of products is appropriate for food & beverage delivery, pharmaceuticals, clinical studies/trials, and any other industry where products require temperature control.
March 2020 - DS Smith worked closely with food retailers across Europe to design, develop, and produce new boxes designed to supply emergency provision boxes to the most vulnerable. As the focus quickly turned to home delivery to move goods directly to the front door of those who aren’t able to make it to the shops, DS Smith developed special new boxes to be filled by food retailers and left on the doorstep.
Thermal Insulated Packaging for Food Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
By Application it is segmented into
United States is predictable to dominate the thermal insulated packaging market due to the increasing number of food retail chains and their expansion, and the growing e-commerce industry. Considering the spike in e-commerce, the insulated packaging is expected to see strong sales with smaller e-commerce and food delivery formats across meal kits and other perishable food items.
The Thermal Insulated Packaging for Food Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thermal Insulated Packaging for Food Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Report Title | Thermal Insulated Packaging for Food Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Visy Industries, Orora Packaging Solutions, Wilpak Group, ABBE Corrugated |
Forecast Period 2022 to 2028 CAGR | CAGR of 5.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Visy Industries, Orora Packaging Solutions, Wilpak Group, ABBE Corrugated, Planet Protector Packaging, Sealed Air Corporation (NYSE:SEE), Pro-Pac Packaging Limited(ASX:PPG.AX), Sancell, Thermal Ice, Insulated Products Corporation, Pearl Ice, Cryolux Group, Cryopak and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 102 |
Customization Available | Yes, the report can be customized as per your needs |
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.
What is the study period of this market?
The Thermal Insulated Packaging for Food Market is studied from 2017 - 2027.
What is the growth rate of Thermal Insulated Packaging for Food Market?
The Thermal Insulated Packaging for Food Market is growing at a CAGR of 5.3% over the next 5 years.
Who are the key players in Thermal Insulated Packaging for Food Market?
Visy Industries, Orora Packaging Solutions, Wilpak Group, ABBE Corrugated, Planet Protector Packaging, Sealed Air Corporation (NYSE:SEE), Pro-Pac Packaging Limited(ASX:PPG.AX), Sancell, Thermal Ice, Insulated Products Corporation, Pearl Ice, Cryolux Group, Cryopak and others.
What regions regions does this Thermal Insulated Packaging for Food 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 Insulated Packaging for Food Market?
PUR Thermal Insulated Packaging, Metallised Thermal Insulated Packaging, EPS Thermal Insulated Packaging, Others
What are the major end-use applications of Thermal Insulated Packaging for Food Market?
Meal Kits, Seafood, Others (Beverages, etc.)
Which region has largest share in Thermal Insulated Packaging for Food Market?
North America holds highest share in 2021.
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.
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