According to Stratistics MRC, the Global Insulated Packaging market is estimated to be $11.2 million in 2015 and is expected to reach $15.9 million by 2022 growing at a CAGR of 5.13%. Improved financial surroundings, growing urban population and expansion in the food & beverages sector are some of the key factors driving the market growth. Increase in raw material cost and stringent government regulations are the factors hindering the market growth. Growth of pharmaceutical industry creates plenty of opportunities for the vendors involved. Fluctuation in prices of raw materials is the major challenge faced by the market.
In addition, the change in mindset of end-users has generated the usage of insulated packaging in their everyday life. Food & beverages is the fastest growing insulated packaging application. The Asia-Pacific region created the major market for insulated packaging in terms of value. Europe accounted the second-largest market and is anticipated to be the fastest growing market for insulated packaging during the forecast period.
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Some of the key players in the market include Sonoco Products Company, Greiner Group, Winpak, E.I. Du Pont De Nemours and Co., Deutsche Post DHL, Huhtamaki OYJ, Amcor Limited, Innovia Films, Constantia Flexibles and Sofrigam.
Food & Beverages
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By Packaging Type:
Bags & Pouches
Boxes & Containers
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