Insulated Packaging Market is expected to witness a CAGR of more than 5.12% between 2015 and 2020


Posted December 31, 2018 by armaan007

Insulated Packaging Market expected to be worth USD 14.2 Billion by 2020, at a CAGR of 5.12%, from 2015–2020

 
The [260 Pages Report] "Insulated Packaging Market by Material Type (Plastic, Wood, Corrugated Cardboard, Glass), Application (Food & Beverages, Industrial, Pharmaceutical, Cosmetics), by Packaging Type, Type, and Region - Global Forecast to 2020" published by MarketsandMarkets, The Insulated Packaging Market is projected to reach USD 14.2 Billion by 2020, at a CAGR of 5.12% during the forecast period from 2015 to 2020.

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The growing demand for insulated packaging in developing countries, such as Japan, India, the U.K., and Brazil is due to the improved economic conditions and lifestyle. Key factors such as growth in the parent packaging market, increasing concern towards product presentation and safety, development in the pharmaceutical sector, and growth in the fast-moving consumer goods (FMCGs) sector for packaged products are contributing to the growth of the insulated packaging market.

The insulated packaging industry has a positive outlook due to a high growth in the packaging industries. The growing demand for insulated packaging in developing countries, such as China, India, and Brazil is due to the improved economic conditions and lifestyles, which is driving the growth of the insulated packaging industry. Key factors, such as growth in the parent packaging market, increasing concern towards product presentation and safety, and development in the pharmaceutical sector are contributing to the growth of the Insulated Packaging Market.

The Insulated Packaging Market is projected to reach USD 14.2 Billion by 2020, at a CAGR of 5.12% during the forecast period from 2015 to 2020. The food & beverages segment is the fastest-growing insulated packaging application, which is growing at a CAGR of ~5.00% during the period under review. Factors such as the increasing end-use application fuelled by the growing middle-class population, coupled with growing workforce, make insulated packaging an attractive market of the global packaging industry.

Major manufacturers dominated in insulated packaging market are Deutsche Post DHL (Germany), E.I. Du Pont De Nemours and Co. (U.S.), Huhtamaki OYJ (Finland), and Sonoco Products Company (U.S.)

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