From 2022 to 2032, the market for insulated shipping boxes is anticipated to develop at a CAGR of 8% to 9%, reaching a value of around US$ 4 Bn.
This Insulated Shipping Boxes market study carefully analyses the business methods, key strategies, and respective market shares of some of the most important firms in this industry. The thorough study offers market revenue numbers, segment-specific data, regional data, country-specific data, along with an in-depth analysis of the major influencing factors. This study is one of the most comprehensive ones that looks at every facet of the growing Insulated Shipping Boxes market.
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The need for insulated shipping boxes is anticipated to increase due to the increased use of protective packaging and transportation. In many different industries, including food, pharmaceuticals, biotechnology, and others, there are a variety of heat-sensitive items that require temperature-controlled environments. As a result, the majority of businesses rely on insulated shipping boxes to deliver their goods in a secure and safe manner.
Temperature changes that are neither too high nor too low can be overcome with insulated shipment boxes. For heat-sensitive products, insulated shipping boxes are the best way to maintain the necessary temperature conditions. Expanded polystyrene (EPS), extruded polystyrene (XPS), and polyurethane are the main components of insulated shipping boxes, which are occasionally contained in corrugated boxes. They come in a variety of sizes and features. Throughout the projected period, the outlook for the worldwide insulated shipping box market is anticipated to be favourable.
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Insulated Shipping Boxes Market: Dynamics
The global insulated shipping boxes market is expected to expand owing to the rising demand for temperature sensitive products. The growing consumption of perishable food products, temperature-sensitive chemicals, pharmaceutical goods, and laboratory products among others are expected to drive the demand for the insulated shipping boxes during the forecast period. Exposure to extreme temperature and climatic conditions is expected to propel the need for the insulated shipping boxes in the market. The increasing demand for protective packaging pushes manufacturers to implement the use of cold chain shipping and controlled distribution system.
Compact sizes of insulated shipping boxes allow easy storage and thus freeing warehouse space. Also, these boxes can be custom printed and can be manufactured as per the customers’ requirement. Unlike refrigerated containers which require electricity to maintain a constant temperature, whereas insulated shipping boxes depend on their insulating characteristics.
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They save electricity expenses. Besides, insulated shipping boxes are used for the short distance transportation of pre-cooked food and frozen products. These factors are expected to drive the demand for insulated shipping boxes during the next decade. The higher cost of insulated shipping boxes and availability of flexible insulated packaging solutions can hamper the growth prospects of the global insulated shipping boxes market during the forecast period. Overall the market is expected to witness lucrative growth opportunities during the next decade.
Regional Outlook
The demand for insulated shipping boxes is expected to be high in regions with emerging economies such as Asia Pacific with countries such as China and India. It is attributed to the growing industrialization and high growth in pharmaceuticals market. The U.S. is home to some of the global players of pharmaceutical, food and chemical sectors. Also, rising export of pharmaceutical products from the U.S. to other countries is expected to drive the growth of the insulated shipping boxes market during the forecast period. Similar trends are followed by European countries including Germany, France, the U.K. and others for transportation of products and goods. MEA region is expected to witness average growth in the insulated shipping boxes market.
Insulated Shipping Boxes Market: Key Players
Some of the leading players operating in the global insulated shipping boxes market are:
- Harwal Group
- Sonoco Products Company
- Drew Foam Companies Inc.
- Cryopak
- Marko Foam Products
- Topa Thermal
- Sofrigam SA
- Radwa Corporation
- COOL Sarl
- Creopack Packaging Intelligence
Key Segments Profiled in the Insulated Shipping Boxes Market Survey
By Material Type:
- Polyurethane
- Polypropylene
- Polystyrene
- Extended Polystyrene (EPS)
- Extruded Polystyrene (XPS)
By Capacity:
- Up to 5 L
- 5 L – 10 L
- 10 L – 15 L
- Above 15 L
By Sales Channel:
- Specialty/ Departmental Stores
- Online
- Distributors
By End Use:
- Food & Beverages
- Pharmaceuticals
- Chemicals
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
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