Introduction
In a world where preserving the quality and freshness of goods is paramount, the Durable Insulated Containers Market emerges as a game-changer. These ingenious containers not only maintain optimal temperatures but also ensure the protection of contents from external elements. From transporting perishable goods to safeguarding sensitive medical supplies, the Durable Insulated Containers Market is an indispensable player in various sectors. Let’s dive into the ins and outs of this market and uncover the myriad ways it’s revolutionizing storage solutions.
Durable Insulated Containers Market: Ensuring Optimal Preservation
Durable insulated containers, often constructed with advanced materials like foam insulation and sturdy exteriors, serve as guardians of temperature-sensitive contents. Whether it’s maintaining the chill of fresh produce or preserving the warmth of cooked meals, these containers excel in their task. In the food industry, these containers play a vital role in maintaining the cold chain, ensuring that products stay fresh from farm to fork.
Anticipating substantial growth, the durable insulated containers market is expected to achieve a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, elevating its value from US$ 12.1 billion in 2021 to an estimated US$ 24 billion by the year 2032.
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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.
Leading Region in the Durable Insulated Containers Market
The forecast period is expected to witness North America taking the helm in durable insulated container sales, thanks in large part to the region’s burgeoning cold chain logistics sector, which serves as a pivotal driver for these container sales.
The durable insulated containers market is poised to see the United States maintaining a substantial market share, while Canada is anticipated to experience robust growth in durable insulated container sales. Meanwhile, Europe is projected to follow North America in durable insulated container sales and is forecasted to display significant growth throughout the forecast period.
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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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