Insulated Packaging Market share by applications and regions for 2018-2024
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.
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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It is a combination of various materials having low thermal
conductivity to resist the flow of warmth. It provides higher protection from
damage and keeps product heat, frozen, refrigerated and reduces the variable
temperature consequences. Rising demand for metal and packing products will
also have a positive impact on the insulated packaging market size.
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.
Corrugated cardboard based insulated packaging market
demand may witness significant growth up to 2024. It includes fluted corrugated
sheet and linerboard, making it stronger and help them resists the high
pressure. The cardboards have high, bending resistance, burst strength, tear
resistance and impact strength. Global corrugated box market demand may witness
gains at over 6% over the foreseeable timeframe. Online retailers are adopting
numerous corrugated containers & box types which provides product
protection owing to increasing consumer demand on account of sustainability and
effective packing are the key attributes boosting 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.
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Insulated Packaging Market share by applications and regions for 2018-2024
Reviewed by snehal
on
July 05, 2018
Rating:
Reviewed by snehal
on
July 05, 2018
Rating:
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