Global Insulated Packaging Market Expected to Reach $22.2 Billion by 2030

DUBLIN, Aug. 17, 2023 /PRNewswire/ -- The "Insulated Packaging - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Market Growth and Outlook

The global Insulated Packaging market, valued at US$14.4 billion in 2022, is projected to expand significantly and reach a size of US$22.2 billion by the year 2030, exhibiting a steady Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.

The report highlights various segments within the market, with Corrugated Cardboards anticipated to achieve a CAGR of 5.5% and attain a market value of US$8.5 billion by the conclusion of the analysis period. Additionally, considering the ongoing recovery following the global pandemic, the growth trajectory of the Plastics segment has been adjusted to a revised CAGR of 6.2% for the next eight years.

Regional Analysis

The United States stands as a prominent player in the Insulated Packaging market, estimated at a value of US$3.9 billion in 2022.

In comparison, China, the second-largest global economy, is forecasted to experience remarkable growth, projecting a market size of US$5 billion by the year 2030, driven by a robust CAGR of 8.4% over the analysis period from 2022 to 2030.

Other notable geographic markets include Japan and Canada, both predicted to witness growth at rates of 2.9% and 5% respectively during the period from 2022 to 2030. Furthermore, Germany, a key player within Europe, is expected to achieve a CAGR of approximately 3.3%.

Market Drivers

The Insulated Packaging market's expansion is attributed to several factors, including the growing demand for reliable packaging solutions to maintain product quality and freshness across various industries. Insulated packaging offers enhanced temperature control, making it indispensable for the transport and storage of temperature-sensitive products.

The accelerated adoption of online shopping and e-commerce has further bolstered the need for efficient insulated packaging to safeguard perishable goods during transit. Additionally, the increased focus on sustainability and eco-friendly packaging options has driven innovations in insulated packaging materials and designs.

Conclusion

The global Insulated Packaging market is poised for substantial growth, driven by factors such as increased demand for temperature-sensitive product transport and storage, expanding e-commerce activities, and a growing emphasis on sustainable packaging solutions.

With a projected CAGR of 5.5%, reaching a market value of US$22.2 billion by 2030, the Insulated Packaging market presents lucrative opportunities for industry players and stakeholders alike.

As consumer preferences and market dynamics evolve, the demand for efficient and effective insulated packaging solutions is expected to continue its upward trajectory.

Select Competitors (Total 38 Featured)

• Amcor Ltd.
• Constantia Flexibles Group GmbH
• Deutsche Post DHL Group
• Dow, Inc.
• DuPont de Nemours, Inc.
• Greiner Packaging International GmbH
• Huhtamaki Oyj
• Innovia Films Ltd.
• Sofrigam SA
• Sonoco Products Company
• Winpak Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/zf7ojt

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