Insulated Shipping Packaging Market Report 2024 (Global Edition)

Global Insulated Shipping Packaging Market Report 2024 Market Size Split by Product Type (Boxes, Containers), by Business (Warehousing, Transportation), by Application (Food and Beverages, Industrial ...

Insulated Shipping Packaging Market Report Description

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Insulated Shipping Packaging Market Insights Video

Competitive Landscape of the Insulated Shipping Packaging Market

The competitive landscape of the insulated shipping packaging market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established insulated shipping packaging manufacturing companies, specialized insulated shipping packaging companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

June 2024: ProAmpac has introduced its patent-pending ProActive Recyclable FiberCool insulated bag, designed for curbside recyclability and enhanced temperature retention in food and grocery delivery. (Source: https://www.proampac.com/en-us/media-center/693/keeping-it-cool-proampac-unveils-revolutionary-fibercool-curbside-recyclable-insulated-bag/) April 2023: Cytiva developed a recyclable thermal packaging solution to replace polystyrene as part of its sustainability strategy, in collaboration with TemperPack. (Source: https://spnews.com/cytiva-recyclable-thermal-packaging/)

Top Companies Market Share in Insulated Shipping Packaging Industry: (In no particular order of Rank)

• Integreon Global (Cryopak)
• Marko Foam Products
• Sonoco Products Company
• CREOPACK
• Sofrigam
• W. W. Grainger
• Inc.
• Harwal Group
• COOL Sarl
• Topa Thermal
• Drew Foam Companies
• Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Insulated Shipping Packaging Market

Which Region Dominates the Insulated Shipping Packaging Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's robust cold chain infrastructure, the rapid growth of e-commerce, and the high demand for temperature-sensitive products like pharmaceuticals and perishable foods.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Insulated Shipping Packaging market due to increased government funding and initiatives aimed at upgrading industrial infrastructure. Rapid industrialization and strong economic growth in the region drive the demand for advanced packaging solutions contributed to the regional growth.

The current report Scope analyzes Insulated Shipping Packaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Insulated Shipping Packaging Market

According to Cognitive Market Research, the global insulated shipping packaging market size was estimated at USD 16548.2 Million, out of which North America held the major share of more than 40% of the global revenue with a market size of USD 6619.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Insulated Shipping Packaging market with a market size of USD 5222.61 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The nation's advancements in insulated shipping packaging technology.
• The Canadian Insulated Shipping Packaging market had a market share of USD 794.31 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Expanding the cold chain logistics increases sales in Canada.
• The Mexico Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 602.35 million in 2024.

Europe Insulated Shipping Packaging Market

According to Cognitive Market Research, the global Insulated Shipping Packaging market size was estimated at USD 16548.2 Million, out of which Europe held the share of more than 30% of the global revenue with a market size of USD 4964.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Insulated Shipping Packaging market had a market share of USD 834.03 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Insulated Shipping Packaging sales witness an upswing due to the nation's rising demand for temperature-sensitive products in healthcare.
• The France Insulated Shipping Packaging market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 456.73 million in 2024.
• According to Cognitive Market Research, the German Insulated Shipping Packaging market size was valued at USD 982.96 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, the Insulated Shipping Packaging surged due to the expansion of the food and beverage industry.
• The Italy Insulated Shipping Packaging market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 426.94 million in 2024.
• The Russian Insulated Shipping Packaging market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 769.49 million in 2024.
• The Spain Insulated Shipping Packaging market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 407.09 million in 2024
• The Luxembourg Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 153.90 million in 2024.
• The Portugal Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 104.25 million in 2024.
• The Greece Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 59.57 million in 2024.
• Rest of Europe's Insulated Shipping Packaging market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 769.49 million in 2024.

Asia Pacific Insulated Shipping Packaging Market

According to Cognitive Market Research, the global Insulated Shipping Packaging market size was estimated at USD 16548.2 Million, out of which Asia Pacific held the share of around 23% of the global revenue with a market size of USD 3806.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Insulated Shipping Packaging market size was valued at USD 1712.74 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Insulated Shipping Packaging surged in China due to the increasing demand for lightweight and durable insulated shipping packaging.
• The Japan Insulated Shipping Packaging market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 525.24 million in 2024.
• The India Insulated Shipping Packaging market had a market share of USD 456.73 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's market players investment in R&D.
• The South Korean Insulated Shipping Packaging market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 380.61 million in 2024.
• The Australian Insulated Shipping Packaging market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 197.92 million in 2024.
• The South East Asia Insulated Shipping Packaging market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 262.62 million in 2024.
• The Rest of Asia Pacific Insulated Shipping Packaging market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 270.23 million in 2024.

South America Insulated Shipping Packaging Market

According to Cognitive Market Research, the global Insulated Shipping Packaging market size was estimated at USD 16548.2 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 827.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Insulated Shipping Packaging market size was valued at USD 354.13 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Insulated Shipping Packaging flourished in Brazil due to rapid industrialization.
• Argentina's Insulated Shipping Packaging market had a market share of USD 139.00 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's technological advancements augment the demand for Insulated Shipping Packaging.
• Colombia's Insulated Shipping Packaging market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 73.64 million in 2024.
• Peru's Insulated Shipping Packaging market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 67.85 million in 2024.
• Chile's Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 59.57 million in 2024.
• The Rest of Latin America's Insulated Shipping Packaging market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 133.21 million in 2024.

Middle East and Africa Insulated Shipping Packaging Market

According to Cognitive Market Research, the global Insulated Shipping Packaging market size was estimated at USD 16548.2 Million, out of which the Middle East and Africa held the major share of around 2% of the global revenue with a market size of USD 330.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Insulated Shipping Packaging market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 141.65 million in 2024. Insulated Shipping Packaging sales flourish due to the presence of major market players.
• The Egypt Insulated Shipping Packaging market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 34.75 million in 2024.
• The South African Insulated Shipping Packaging market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 52.29 million in 2024. Insulated Shipping Packaging sales flourished in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey Insulated Shipping Packaging market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 28.46 million in 2024.
• The Nigeria Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 34.75 million in 2024.
• The Rest of the MEA Insulated Shipping Packaging market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 39.05 million in 2024.

Insulated Shipping Packaging Market Analysis

How are Segments Performing in the Global Insulated Shipping Packaging Market?

Insulated Shipping Packaging Market Product Type Segment Analysis

According to Cognitive Market Research, Boxes stand out as the dominant category. This is due to their widespread use and versatility in packaging a variety of temperature-sensitive goods, including pharmaceuticals, food products, and chemicals. They are favored for their ease of handling and cost-effectiveness.

Containers emerged as the fastest-growing category in the Insulated Shipping Packaging market. This is due to the growing demand for larger, more durable packaging materials that can provide better insulation and protection for soft materials during long-distance transport. Containers are considered especially valuable in pharmaceutical and food processing plants, where maintaining accurate temperature conditions is required. Containers are expected to grow rapidly as the need for advanced and durable cold chain products increases.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Insulated Shipping Packaging Industry. Request a Free Sample PDF!

Insulated Shipping Packaging Market Business Segment Analysis

According to Cognitive Market Research, the dominant category is Transportation. This dominance is due to the critical role transportation plays in ensuring that temperature-sensitive goods, such as pharmaceuticals and perishable foods, are delivered safely and intact across various distances. Therefore this segment remains dominant due to the necessity for reliable insulated packaging during transit.

The fastest-growing category in the Insulated Shipping Packaging market is Warehousing. With particular reference to e-commerce expansion and global supply chains, there is an increase in demand for efficient cold-storing solutions which has subsequently increased the need for insulated packaging systems within warehouses. The growth has been driven by the need to preserve product quality until the final delivery stage hence resulting in a greater CAGR in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Insulated Shipping Packaging Application Segment Analysis

Insulated Shipping Packaging Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Food and Beverages. This is because of the high demand for temperature-controlled packaging solutions to preserve fresh and high-quality perishable foods during transit. Moreover, online sales and the rise of the global food market contribute greatly to the dominance of this section.

The fastest-growing category in the Insulated Shipping Packaging market is Personal Care. This growth is due to the increasing importance of thermal packaging for personal care products, such as skin care products and skincare products, which are gaining popularity globally. As consumers become more aware of product quality and safety hence the demand for advanced packaging solutions in this segment is growing rapidly, leading to a high CAGR.

• Food and Beverages
• Industrial Goods
• Personal Care
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion