Insulated thermal box liners are gaining traction for application in low distance transport of cold storage products owing to the high initial cost of refrigerators, low maintenance, and durability, and heavyweight of the machinery. These effective and economical solutions for transport and cold storage purpose is pulling in consumers and driving the insulated thermal box liners market during the forecast period of 2018-2028.
Insulated Thermal Box Liners Market: Key Developments & Innovations
The aluminum layer insulated bubble box liners is one of the prominent development in the market. Aluminum is an excellent moisture barrier, shielding the product’s contents from water. The bubble wrap protects the product from any physical impacts, and the entire combination of aluminum and air bubbles assists in protecting the product from environmental heat.
Insulated thermal box liners take up less space and ensure tight seal through adhesive strips. FDA approved high-quality foil provides greater control and insulation of temperature ranges that help in retaining the desired temperature for several days. Additionally, manufacturers can manufacture custom sizes to meet users’ needs.
In case of transportation and storage of cosmetic and pharmaceuticals products, the insulated thermal box liners are blended with ethylene polyamide (PA) and vinyl alcohol (EVOH) materials to get rid of the odor and other barrier properties.
Consumer’s preference for “green” alternatives is encouraging market players to introduce eco-friendly packaging solutions. To reduce environmental impact, companies such as ThermoPod have introduced super-insulated temperature control packaging liners and protective mailers, formulated with completely biodegradable components. Sealed Air Corporation a prominent packaging company has brought in extremely sustainable insulated thermal box liners prepared of paper fibers and kraft paper. It is formed by recycled paper and offers cushioning to the main product with the padding to protect products from any physical impacts.
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COVID-19 Impact Analysis
Despite development prospects, the market has slackened because of the COVID-19 outbreak. Amidst the outbreak, the market players are confronting issues such as keeping their manufacturing facilities entirely functional owing to a shortage of resources and staff.
Key Takeaways from Market Research
- Insulated bubble box liners will gain large market shares, as it takes less effort and space for the transport.
- However, the paper pad box liners foresee lesser demand, due to insufficient insulation offered.
- The food & beverage industry will account for over half of the market share all through the estimated period.
- The pharmaceutical industry is estimated to attain a higher annual growth rate during the forecast period
Competitive Landscape
The insulated thermal box liners market players are categorized into three-level tier structure, Tier I( offering huge product portfolio catering to global demand), Tier II (offering multiple packaging solutions focusing on the regional market), and Tier III ( offering a narrow range of product, serving domestic demand). As the market is fairly competitive, the key players are coming up with innovative products such as sustainable packaging solutions to remain relevant.
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