Insulated Packaging Market Size worth 14.2 Billion USD by 2020

Posted July 11, 2019 by armaan007

Insulated Packaging Market worth USD 14.2 Billion by 2020, registering a CAGR of 5.12%

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” defines and segments the global insulated packaging market with an analysis and forecast of the global revenues for the insulated packaging market. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.

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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.

The market for insulated packaging is observed to be matured in developed economies, such as Europe. The reason behind this is the rapid growth in the parent packaging market and increasing concern towards product presentation and safety in this region. The Asia-Pacific region formed the largest market for insulated packaging, in terms of value, after having accounted for USD 3,391.6 million in 2014. Europeformed the second-largest market, with a market share of ~30.0%. This region is projected to be the fastest-growing market for insulated packaging during the forecast period from 2015 to 2020.

The market for insulated packaging is driven by the growth in the packaging industry along with innovative packaging. High disposable income has enabled the end-users to spend more on insulated packaging, which facilitates thermal insulation. Most importantly, the changing mind set of end-users has triggered the usage of insulated packaging in their day-to-day life. The global Insulated Packaging Market is marked with an intense competition due to the presence of a large number of big and small firms.

Key players dominated in insulated packaging market includes 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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