Market Analysis: Global Insulated Shippers Market

Global insulated shippers market is expected to register a substantial CAGR of 7.4% in the forecast period of 2019-2026. The high growth of this market is due to the owing to the rising demand for temperature sensitive products.

Market Definition: Global Insulated Shippers Market

Insulated shipping are a sort of packaging used to dispatch temperature delicate items, such as, foods, pharmaceuticals, organs, blood, biologic materials, and synthetic concoctions. The growing demand for protective packaging in different industries in growing the market demand of insulated shippers they are also having compact sizes which allow easy store and reduces warehouse sizes. Due to rising demand for protective packaging manufacturers implement the use of cold chain shipping and controlled distribution system.

Market Drivers:

Rising demand of protective packaging can boost the market growth
Transportation of temperature sensitive products such as blood, pharmaceutical products and chemicals will fuel the market growth
Growing need to shipping various perishable food products can drives the market growth
Rising demand of grocery will drives the market of insulated packaging

Market Restraints:

High cost of packaging can hampers the market growth
Availability of flexible insulated packaging can restrain the market growth

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Key Developments in the Market:

In May 2018, TemperPack launched a ClimaCell which is a paper-based insulator that provides an alternative to commonly used insulating materials. The main aim of this launch is to expand their product portfolio in guilt-free insulation market and to gain high margin from it
In September 2016, CSafe a manufacturer of temperature controlled containers for pharma and medical products acquired Kalibox which is a manufacturer of cold chain packaging. The main aim for this acquisition is to expand their footprint in European market and to support their global customers with the right solutions

Competitive Analysis:

Global insulated shippers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of insulated shippers market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global insulated shippers market are Cold Chain Technologies, Sonoco Products Company, Snyder Industries, LLC, Cryopak A TCP Company, Saeplast, tempack, STOROPACK HANS REICHENECKER GMBH, FROMM Packaging Systems Inc., Automated Packaging Systems, LLC, Polyair Inter Pack Inc., Pregis LLC,NEFAB GROUP, Tarheel Paper & Supply Company, iVEX Packaging, Smurfit Kappa, Sealed Air, Abco Kovex, Future Packaging, Jiffy Packaging Co. Limited, Veritiv Corporation, Barton Jones packaging Ltd among others.