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.
During the forecast period, North America is poised to take the lead in the sales of durable insulated containers, primarily driven by the region’s burgeoning cold chain logistics industry. This growth in North America is a key factor fueling the demand for durable insulated containers.
Within North America, the United States is expected to maintain a substantial market share in the durable insulated containers segment. Meanwhile, Canada is also anticipated to contribute significantly to the growth of durable insulated container sales.
In Europe, the market for durable insulated containers is expected to trail behind North America in terms of sales but exhibit a noteworthy growth rate during the forecast period. Among European nations, Germany is expected to be the most attractive market, accounting for a significant share of the durable insulated containers market.
Looking further east, the rapid growth of end-user industries and the increased transportation of perishable goods in East and South Asia are projected to drive demand for durable insulated containers. China in East Asia and India in South Asia are likely to maintain their leadership in terms of market share and growth rate within the durable insulated containers market throughout the forecast period.
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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.
Key Propellers to the Durable Insulated Containers Market Share
- Cold Chain Logistics Expansion: The growth of the cold chain logistics industry in various regions is a significant driver of the durable insulated containers market. The need to transport temperature-sensitive goods, such as perishable foods and pharmaceuticals, has fueled demand for these containers.
- Regional Leadership: North America, especially the United States, and regions like East and South Asia, including China and India, are taking the lead in the durable insulated containers market. Their dominance in market share is due to the growing importance of temperature-controlled transportation.
- End-User Industry Growth: The rise of end-user industries that rely on durable insulated containers, such as food and pharmaceuticals, is a key factor propelling market share. These industries depend on maintaining product quality and integrity during transportation.
- Perishable Commodity Transport: The increased movement of perishable commodities, both regionally and globally, is contributing to the growing demand for durable insulated containers. These containers are essential for preserving the freshness and safety of such goods.
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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