Global 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.
Global 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 15,892,492.17 thousand by the year 2029, at a CAGR of 6.7% during the forecast period. "Pharmaceuticals" accounts for the most prominent application segment in the respective market owing to the 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.
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.
Global 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 global 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.
- ASTM (American Society for Testing and Materials) D3103-07, a US standard or test method covers the determination of the thermal insulation quality of a package and the thermal stability of its contents when exposed to variable ambient temperature conditions. This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.
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 global operations and supply chain, as import and export of vaccines and essential goods led to the increasing demand for thermal insulation packaging. This growing awareness and governmental push to the research and development and introducing eco-friendly and sustainable thermal insulation packaging increasing the growth of the 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.
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 U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Europe dominates the thermal insulation packaging market due to the rising demand for temperature-sensitive goods in the region. The rise in application usage in the pharmaceutical industry and food & beverages industry is expected to increase demand for thermal insulation packaging in region.
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, global 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
Ø Thermal Ice,
Ø QProducts & Services,
Ø Nordic Cold Chain Solutions,
Ø Sealed Air,
Ø Cellulose Material Solutions, LLC,
Ø Cold Chain Technologies,
Ø Sonoco Products Company,
Ø The Wool Packaging Company Limited, Insulated Products Corporation,
Ø DS Smith,
Ø Csafe Global,
Ø WestRock Company, and
Ø Avantor, Inc.
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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 GLOBAL THERMAL INSULATION PACKAGING MARKET
7 GLOBAL THERMAL INSULATION PACKAGING MARKET, BY INDUSTRY TYPE
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