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Insulated Packaging Market to amass remarkable returns over 2019-2025

Author : Rahul Varpe | Published Date : 2019-06-11 

Global Market Insights add New Global Insulated Packaging Market report provides in-depth information about market overview, top vendors, Key market highlights, market drivers, challenges, trends, industry landscape, and forecast analysis, Key leading countries/Region.

Insulated Packaging Market size is expected to witness significant gains owing to business expansion and introduction of various technologies in the industry. Increasing its usage in food & beverages and pharmaceutical industries should drive insulated packaging market size. It consists of various types such as bags, pouches, boxes & containers and wraps.

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Global packaging market demand was valued at over USD 850 billion in 2017. Consumer product manufacturers prefer eco-friendly packing designs and materials, which in turn growing overall market demand. Growing consumer health consciousness including progressively busy lifestyles has driven demand for convenience food demand. Rising popularity of online shopping has compelled e-commerce and online retailers to use various corrugated boxes which will implement new insulated packaging technology.

Insulated packaging market demand from food applications may register favorable gains during the projected timeframe. Rise in packaged demand for ready-to-eat food consumption owing to increasing working demographics may drive industry growth. Global packaged food market size is poised to exceed USD 3.5 trillion by 2024, with gains at over 5%. Change in consumer lifestyle accompanied with rising health awareness are the key attributes favoring industry growth.

Increasing application usage in pharmaceutical industry may stimulate insulated packaging market demand. Global pharmaceutical market demand may reach over USD 1.3 trillion up to 2024. Pharmaceutical vaccines are compelled to be maintained at normal temperatures thus the demand for boxes and containers within the industry is anticipated to grow thereby boosting insulated packaging market size.

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Glass based insulated packaging market demand may witness significant gains over the forecast timeframe. It is mainly lightweight making it suitable for beverage industry such as juices, alcoholic drinks, energy drinks and carbonated beverages. Glass packing preserve these products and transport overseas without causing any loss to the products.

Flexible packaging market was valued at over USD 170 billion in 2017 owing to increasing demand from cosmetics, agriculture, healthcare, and food & beverages sectors. Shift in trends for convenient packing on account of its lightweight properties may favor industry growth. These products are fabricated from plastic films & ply and sealed with the heat and pressure with graphics displayed on the packing to make them look engaging to the customers.

Asia Pacific driven by India, South Korea, Japan, and China insulated packaging market demand may witness significant growth over the foreseeable timeframe. Few macroeconomic factors such as rising disposable income, changing demographics, increasing middle class and economic growth supported by rapid urbanization may drive regional industry growth.

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North America, driven by Mexico, Canada and the U.S. insulated packaging market size may witness strong growth over the forecast timeframe. The growth of the manufacturing sector and dynamical trends in sociology are two major factors that promote market growth during this region. Growing demand for medical and pharmaceutical industries should fuel insulated packaging market size in the region.

Global insulated packaging market share is fragmented with key industry participants including Deutsche Post DHL, American Aerogel, TP Solutions, Sonoco, Innovative Energy, Providence Packaging, Temper Pack and Huhtamaki.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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