Insulated Packaging Market size in North America worth $3 bn by 2025
Published Date: July 19, 2019 Authors: Kunal Ahuja, Sonal Singh
North America Insulated Packaging Market size is set to exceed USD 3 billion by 2025; according to a new research report by Global Market Insights, Inc.
Increasing food retail chains expansion and growing e-commerce industry will have a positive impact on market growth. The materials including glass, wood, plastic, and metal owing to their tough nature is used for manufacturing insulated packing products. Increasing packaged food demand due to busy lifestyles will enhance wrapped packaging industry size.
North America insulated packaging market growth from corrugated cardboards material is forecasted to exceed USD 900 million by 2025. Global lipstick market is forecasted to grow over 6.0% by 2024. The product prevents spoilage from lipsticks and eyeliners melting by keeping them stabilized during the transit time. Growing personal care industry owing to increasing herbal and ayurvedic cosmetics utilization will fortify corrugated cardboards demand.
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North America insulated packaging market growth from food & beverage application is estimated to witness substantial gains of over 3.5% by 2025. Meat and fish products are stored and transported at low temperatures to maintain their freshness. The product offers thermal insulation thereby, preventing meat products spoilage. Global processed meat market is anticipated to witness substantial gains over 6.5% by 2024. This will fortify meat wrapping materials demand which in turn would enhance industry size.
Temperature controlled packaging market growth is anticipated to witness strong gains owing to its application in pharmaceuticals industry. These products help to maintain stable temperature for transporting and handling drugs, insulin and vaccinations. Growing long term diseases including cancer and diabetes will foster drugs demand thereby, fortifying industry size.
Browse key industry insights spread across 145 pages with 87 market data tables & 44 figures & charts from the report, “North America Insulated Packaging Market Size By Material (Plastic, Glass, Metal, Corrugated Cardboards), By Application (Food & Beverages , Pharmaceutical, Chemical, Cosmetics & Personal Care, Live Plant), By Packaging Type (Pouches, Wrap, Boxes & Containers), By Type (Flexible, Rigid, Semi Rigid) Industry Analysis Report, Country Outlook (U.S, Canada), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
North America temperature-controlled packaging market growth from wrap packing type is anticipated to exceed USD 290 million in the predicted time period. The product is extensively used in the food & beverage industry for improving shelf life and stabilizing temperature. These are generally made by aluminum and plastic owing to their tear resistant properties. Growing food & beverage industry due to increasing preference for packaged and processed food & beverages will amplify product demand.
Plastics are major source of water and land pollution. Plastic takes several years to get decomposed and is not environmentally friendly. Stringent government regulation regarding plastic utilization for packaging purposes may hamper insulated packaging market growth and industry profitability.
North America insulated packaging market growth from flexible type is estimated to witness substantial gains of over 3.5% by 2025. These products can be readily customized to meet consumer requirements and internal content quantity. It helps to make the products appealing owing to good printability. Increasing demand of attractive packaged goods to engage customers with the brand will enhance market size.
Canada insulated packing market growth from cosmetic and personal care application is likely to grow at over 2.0% by 2025. Cosmetics freezing may lead to volume expansion which may result in seal breakage. Increased spending on personal grooming will fortify cosmetics utilization thereby enhancing industry size.
North America insulated packing market is moderately fragmented with key industry players including Davis Core & Pad company, Deutsche Post DHL Group, AMCOR, Huhtamaki, Cold Ice Inc., Aerosafe Global, and Sonoco. Manufacturers are investing heavily in product innovation, R&D, and capacity expansion in order to cater increasing industry growth.
U.S. insulated packaging market growth from boxes and containers packing type is likely to grow at over USD 1 billion in the forecasted timespan. The product protects foods and pharmaceuticals from crushing owing to superior weight-to-strength ratio and stacking properties. Growing food products imports and exports will propel demand for safe packaging to maintain freshness.
North America Insulated packing market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD from 2019 to 2025, for the following segments:
North America Insulated Packaging Market, By Material
- Corrugated Cardboards
North America Insulated Packaging Market, By Application
- Food & Beverages
- Cosmetics & Personal Care
- Live Plant
North America Insulated Packaging Market, By Packaging Type
- Boxes & Containers
North America Insulated Packing Market, By Type
- Semi Rigid
The above information is provided on regional and country basis for the following:
- North America
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