North America Insulated Packaging Market Size
North America Insulated Packaging Market size was over USD 2 billion in 2018 and industry expects demand of above 2 million tons by 2025.
Trade between countries is growing because of globalization. This will help the insulated packaging business in North America grow. It may be employed in a variety of diverse fields, such food and drink, cosmetics and personal care, pharmaceuticals, and chemicals, because it is so flexible. The product keeps the things inside from becoming bad when the temperature changes.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| North America Insulated Packaging Market Size in 2018 | 2 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| 2025 Value Projection | 3 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 145 |
| Tables, Charts & Figures | 131 |
| Segments covered | Material, Application, Packaging Type, Type, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
By 2020, the size of the packaged food business is expected to expand by more than 4.0%. Rapid urbanization has sped up the growth of the processed food business, which could lead to more need for packaging solutions. The product protects against bacterial growth, which can cause stomach infections and food poisoning. As more hypermarkets and supermarkets open, the size of the food and beverage business will grow, which will lead to more demand for products.
Because they are dangerous, industrial chemicals can readily catch fire. Insulated packing solutions assist keep the temperature steady throughout the whole trip. It is expected that the global market for specialty chemicals would expand by more than 5% by 2024. As more things go digital, the output of industrial chemicals will rise, which will help the expansion of the insulated packing market.
The global beauty and personal care market is expected to grow by more than 7.0% by 2024 because people are changing how they acquire personal grooming goods. Cosmetics don't do well in very hot or very cold weather. In the cosmetics and personal care industry, rigid packaging boxes are used to preserve the items at a steady temperature, which keeps them from going bad and makes them last longer. These things will help the industry grow.
Strict government rules over how wood, paper, and plastic can be used could slow down the growth of the market and make the industry less profitable. Strict environmental rules about cutting down trees may make it harder to use wood for insulated packing. Changes in the price of crude oil could also effect the expansion of the plastic industry, which could change the prices of goods in that industry.
North America Insulated Packaging Market Analysis
The size of the plastic insulated packaging market might be more than USD 820 million by the end of the time period. The product is used to package food because it is cheap and lasts a long time. Plastic insulated packing helps food live longer on the shelf. The food packaging business will rise as more people want ready-to-eat meals, which will increase demand for products.
At the end of 2025, the market for metal insulated packaging may be worth more than 3%. Because it is robust, the product helps keep things from going bad when they are under physical stress. It can handle very bad weather. The growing demand for enclosed packaging materials to keep food, drinks, and medicines from going bad will help the business develop.
The size of the North American insulated packaging market for cosmetics and personal care products is expected to be more than USD 795 million in the next few years. The items assist keep cosmetics from going bad during shipping, storage, and handling. More people will be able to buy cosmetics because they have more money. This will help the industry develop.
By the end of 2025, pharmaceutical applications are expected to expand by more than 3%. The device keeps pharmaceuticals safe from heat and moisture, which makes them last longer. The growing pharmaceutical sector, which is due to more ailments related to lifestyle, such as diabetes and high cholesterol, will increase demand for products.
The North American market for insulated packaging made from boxes and containers is expected to be worth more than USD 1.5 billion in the next several years. Because it is resistant to UV light and acts as an insulator, the product is widely used to package cosmetics, food and drink, chemicals, and plants. The market will develop because there is a growing need for lightweight, cheap packaging items that make supply chain operations easier.
Pouches is expected to expand by more than 3% throughout the time frame given. You may seal the product with heat and pressure, which makes it a good insulator. Many people use it to package food like coffee, jellies, spices, ready-to-eat cuisine, and wafers. More people are eating ready-to-eat food since they are busy, which will increase demand for the product.
North America Insulated packaging market size from rigid type may witness significant gains over USD 1.5 billion by 2025. The products including glass, plastic, and corrugated boards due to their rigid nature helps to protect inner contents. Increasing rigid packaging materials demand for protecting fragile objects through transit will positively impact industry growth.
U.S. insulated packaging market is predicted to grow over 3.0% at the end of 2025. The products are used to protect temperature sensitive pharmaceuticals including vaccinations, insulin, and general medicines. Growing pharmaceutical industry due to the presence of renowned manufacturers including Johnson & Johnson and Gilead Sciences Inc will enhance industry size.
Canada insulated packaging market size may exceed USD 490 million by 2025. The products including boxes and pouches due to insulated environment are used for preventing food spoilage. Increasing processed food exports from the country due to rising packaged edible products consumption will have a positive impact on market growth.
North America Insulated Packaging Market Share
North America insulated packing market share is fragmented with major players including
- Huhtamaki
- AMCOR
- Sonoco
- Aerosafe Global
- KODIAKOOLER
- Ecovative Design LLC.
Companies are involved in strategic alliances including joint ventures, mergers & acquisitions, capacity expansion, and partnership to implement innovative technologies with growth in production capacity to cater rising product demand.
Industry Background
Insulated packing products including box, pouches, and wrap helps to protect the thermal integrity of the products. It helps to protect the goods against seasonal ambient temperatures encountered during the transportation of products. Rising e-commerce industry will foster packaging industry growth which will escalate North America insulated packaging market size. The product is utilized for shipping live plants by maintaining required temperature conditions.
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy