Asia-Pacific Thermal Insulation Packaging Market, By Product (Box, Bags, Carton Liners, Bubble Cushioning and Others), Packaging Type (Passive Packaging, Active Packaging and Cold Storage), Material (Polystyrene, Polyurethane (PUR), Polyethylene, Vacuum Insulated Panels (VIP), Polylactic (PLA), Corrugated Fiber Board and Others), Temperature Range (Refrigerated, Frozen and Ambient), Application (Pharmaceutical, Food & Beverage, Chemicals, Horticulture Products, Electronics and Others) – Industry Trends and Forecast to 2029.
Asia-Pacific Thermal Insulation Packaging Market Analysis and Size
Thermal insulation material acts as a barrier preventing heat transfer between objects of differing temperatures. Thermal packaging helps to preserve the chemical composition of pharmaceutical products, ensuring no efficacy is lost during transit. It is important to know the maximum possible time that a shipment can take, according to which the insulation must adequately keep temperatures controlled until the product reaches its destination. These material are used in packaging as part of a cold chain to help maintain product freshness and efficacy.
Data Bridge Market Research analyses that the thermal insulation packaging market is expected to reach the value of USD 4,113,040.64 thousand by the year 2029, at a CAGR of 6.4% during the forecast period. "Pharmaceuticals" accounts for the most prominent application segment in the respective market owing to rise in thermal insulation packaging in pharmaceuticals. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
COVID-19 had a Minimal Impact on Thermal Insulation Packaging Market
COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. However, no significant impact was noticed on their thermal insulation packaging Asia-Pacific operations and supply chain, as import and export of vaccines and essential goods led to increasing demand of thermal insulation packaging. With this growing awareness and governmental push to the research and development and introducing eco-friendly and sustainable thermal insulation packaging increasing the growth of thermal insulation packaging market.
The Market Dynamics of the Thermal Insulation Packaging Market Include:
- Growing Demand for Ready-to-Eat Food Products
The convenience provided by ready-to-eat foods provides a way to eat a healthy diet while adapting to the healthy insulating packaging requirements that helps in storing the food for a longer period of time. Ready-to-cook food requires perfect packaging solutions to protect the food from biological contamination and physical influence. This has in turn increased the demand for thermal insulating packaging materials.
- Rise in Application Usage in the Pharmaceutical Industry
A thermal insulation packaging system is necessary for maintaining the integrity and safety of the medical products which in turn increases the demand for thermal insulating packaging.
- Shifting Consumer’s Preference Towards Temperature-Sensitive Goods
The increased demand for temperature sensitive goods has further led to the rise in the demand for insulated packaging materials to keep the food safe and fresh. This in turn rises the demand for thermal insulating packaging materials.
- Increasing Spending Towards Cold-Chain Delivery System
Cold chain pharmaceutical and food products require a reliable infrastructure such as insulated packaging and storage facilities, for maintaining a precise temperature range when transporting from the manufacturer to the consumers. This in turn increases the demand for thermal insulating packaging materials.
- Positive Outlook Towards E-Commerce Industry
The ever-changing trends in the e-commerce industry have opened up ample opportunities for thermal insulating packaging solutions providers to adopt innovative technologies and designs to increase their market share. This in turn increases the demand for thermal insulating packaging materials.
Asia-Pacific Thermal Insulation Packaging Market Scope
The thermal insulation packaging market is segmented on the basis of product, packaging type, material, temperature range, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Carton Liners
- Bubble Cushioning
On the basis of product, the Asia-Pacific thermal insulation packaging market is segmented into box, bags, carton liners, bubble cushioning, and others. Box accounts for the largest market, and are expected to witness high growth owing to their capability to maintain the freshness and quality of the products more than other the products.
- Passive Packaging
- Active Packaging
- Cold Storage
On the basis of packaging type, the Asia-Pacific thermal insulation packaging market is segmented into passive packaging, active packaging and cold storage.
- Polyurethane (PUR)
- Corrugated fibre board
- Vacuum insulated panels (VIP)
- Polylactic (PLA)
On the basis of material, Asia-Pacific thermal insulation packaging market is segmented into polystyrene, polyurethane (PUR), polyethylene, vacuum insulated panels (VIP), polylactic (PLA), corrugated fiber board and others.
Thermal Insulation Packaging Market Regional Analysis/Insights
The thermal insulation packaging market is analyzed and market size insights and trends are provided by country, product, packaging type, material, temperature range, and application as referenced above.
The countries covered in the thermal insulation packaging market report are the Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
China dominates the thermal insulation packaging market due to the rising demand for temperature-sensitive goods in the country. The rise in application usage in the pharmaceutical industry and food & beverages industry is expected to increase demand for thermal insulation packaging in country.
Competitive Landscape and Thermal Insulation Packaging Market Share Analysis
The thermal insulation packaging market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, asia-pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. the above data points provided are only related to the companies' focus related to thermal insulation packaging market.
Some of the major players operating in the thermal insulation packaging market are Thermal Ice, QProducts & Services, Nordic Cold Chain Solutions, Biobright, Sealed Air, ABBE, DUFAYLITE, Cellulose Material Solutions, LLC, Cold Chain Technologies, Sonoco Products Company, SOFRIGAM, The Wool Packaging Company Limited, Insulated Products Corporation, Cryopak, DS Smith, Intelsius, Csafe Global, WestRock Company, and Avantor, Inc. among others.
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Major TOC of the Report
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON THE ASIA-PACIFIC THERMAL INSULATION PACKAGING MARKET
7 ASIA-PACIFIC THERMAL INSULATION PACKAGING MARKET, BY INDUSTRY TYPE
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