December 01, 2020
According to the research report titled ‘North America Insulated Packaging Market Size By Material, By Application, By Packaging Type, By Type (Flexible, Rigid, Semi Rigid), Country Outlook, Price Trend, Application Development, Competitive Landscape & Forecast, 2019 – 2025’, available with Market Study Report LLC, North America insulated packaging market is projected to hit a valuation of USD 3 billion by the year 2025.
Mounting demand for processed and packaged food, rising necessity of efficient packaging solutions in cosmetic and personal care sector, increasing floriculture activities, and growing chemical industry are supporting the expansion of North America insulated packaging market. However, stringent regulations regarding wood, paper, and plastics may pose a challenge to the industry in the upcoming years, cites the study.
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On the basis of packaging type, North America insulated packaging industry from wraps segment is projected to cross 290 million by 2025. Increasing product application in safeguarding temperature-sensitive pharmaceutical and food items to ensure a safe & efficient delivery drives the segment growth. Moreover, favorable government directives and health awareness programs will benefit pharmaceutical industry, in turn, will strengthen the product demand.
Speaking of the application spectrum, live plant segment is estimated to grow by 2% during the analysis period, attributable to growing necessity of protecting plants and saplings from extreme temperature conditions to avoid dehydration and spoilage. Spike in demand for decorative plants and wall plants for interior designing is expected to boost the segment growth in the coming years.
Considering the type, North America insulated packaging market from semi rigid segment may record gains of over 2% by the end of the forecast timeframe. Semi-rigid packaging solutions aids in maintaining original form and share of sauces, jams, and mayonnaise while ensuring minimal food spoilage. Strict mandates pertaining to food contact and handling have necessitated the demand for insulated packaging in food & beverage industry.
On the geographical front, Canada insulated packaging market from metal segment is set to witness gains of more than 2% over the projected timeline. Manufacturing of containers and wraps along with escalating demand for efficient temperature-controlled packaging solutions are contributing to the industry growth.
U.S. insulated packaging market from cosmetics and personal care application is predicted to surpass 675 million by the end of 2025. High concentration of major cosmetics manufacturers including Coty and Revlon is accelerating the regional market expansion.
Key players influencing North America insulated packaging market dynamics are KODIAKOOLER, Insulated Products Corp., Ecovative Design LLC, DuPont de Nemours, Inc., Davis Core & Pad, Deutsche Post DHL Group, Cold Ice, Inc., Aerosafe Global, Sonoco Products Company, Amcor plc, and Huhtamäki Oyj.