The durable insulated containers market is projected to register a CAGR of 6.4% during the forecast period, up from US$ 12.1 Bn in 2021 to reach a valuation of US$ 24 Bn by 2032.
The durable insulated containers market is primarily driven by the increasing demand for food and beverage products. The market is expected to grow significantly in the coming years, owing to the rising adoption of insulated containers by restaurants, cafes, and other foodservice establishments.
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Competitive Landscape in the Durable Insulated Containers Market-
- Cold Chain Technologies,
- Polar Thermal Packaging Ltd.,
- Cryopak A TCP Company,
- Sonoco Product Company (ThermoSafe),
- SAEPLAST AMERICAS INC.,
- Snyder Industries, Inc. and
- Alps Synergy Sdn Bhd
are some of the leading participants in the durable insulated containers market.
Recent developments of the Durable Insulated Containers Market:
- Amcor bought Bemis Company Inc. in June 2019. The merged firm will now trade as Amcor plc (Amcor), with the ticker code AMCR on the New York Stock Exchange and AMC on the Australian Securities Exchange.
- Sonoco bought Can Packaging, a privately held designer and manufacturer of sustainable paper packaging and associated production equipment headquartered in Habsheim, France, in August 2020 for roughly USD 49 million.
- Huhtamaki acquired 100% control of its joint venture firm Laminor S.A. in Brazil in March 2020. Laminor, which specialises in high-quality tube laminates for oral care applications, was founded in 2002 as a 50–50 joint venture with Bemis Company, which is now a part of Amcor.
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What are the Key Propellers to the Durable Insulated Containers Market Share?
Globally expanding travelling has boosted demand for perishable food goods dramatically during the previous five years. This may be credited in large part to the increasing sales of durable insulated containers, which has resulted in an increase in maritime freight and cost savings. However, once the products reach the store, a significant portion of further distribution occurs via chest and upright insulated containers.
Durable insulated containers have been shown to maintain a temperature range of 2 to 8 degrees Celsius and are specifically intended for chilled capillary feeding. Additionally, consumers’ growing demand for durable insulated containers and reliance on seafood as a protein source and rising demand for unusual fish species are pushing imports and compelling cold chain logistics providers to add robust sales of durable insulated containers for effective shipping.
Market Drivers
The increasing demand for packaged food and beverages, the growing need for temperature-controlled transportation of food and beverages, and the rising adoption of insulated containers in the pharmaceutical industry are the major factors driving the growth of the durable insulated containers market.
Market Restraints
The high cost of insulated containers and the availability of alternative packaging solutions are the major factors restraining the growth of the durable insulated containers market.
Market Opportunities
The increasing demand for eco-friendly and sustainable insulated containers and the growing adoption of insulated containers in emerging economies are the major opportunities for the growth of the durable insulated containers market.
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Key Segments For Durable Insulated Containers Market
By Material Type:
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyurethane (PU)
- Nylon
By Size:
- Up to 20 Litre
- 21 to 50 Litre
- 51-100 Litre
- 101-200 Litre
- Above 200 Litre
By End User:
- Food
- Meat, Poultry & Seafood
- Dairy Products
- Others
- Beverages
- Healthcare & Pharmaceuticals
- Drugs
- Vaccines
- Biological Product
- Others
- Specialty Chemicals
- Others
By Region:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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