January 28, 2020
According to the research report titled ‘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), Country Outlook, Price Trend, Application Development, Competitive Landscape & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the North America insulated packaging market is expected to cross USD 3 billion by the year 2025.
According to the report, growing demand for processed and packaged food items is a major factor driving the North America insulated packaging market growth. Insulated packaging material offers protection from unfavorable bacterial activity that can spoil the food. Moreover, it maintains the temperature of internal contents which helps to increase the shelf life of the product. Rising adoption of insulated packaging materials in food & beverage industry will aid the market expansion.
Insulated packaging material protects food from harsh weather and temperature while maintaining the product’s freshness and quality. It is also used for transportation of delicate food products in pharmaceutical, personal care, and food & beverage industry, which in turn is contributing towards popularity of the insulated packaging material across North America.
The report states that Canada metal insulated packaging industry is expected to expand with a CAGR of 2% during 2019-2025. Metals such as aluminum and steel offer better insulation properties. This factor coupled with growing demand for efficient packaging solutions are fueling the growth of the market.
The non-biodegradable nature of plastic negatively affects the environment. Hence, strict government regulations and increasing awareness pertaining to environmental conservation are hindering the adoption of plastic, which in turn may impede the growth of North America insulated packaging market.
The report states that U.S. insulated packaging industry from cosmetic and personal care applications is poised to surpass USD 675 million by 2025. The product avoids spoilage of cosmetic products by maintaining required logistics conditions. Increasing utilization of insulated packaging material in personal care sector and high presence of cosmetics manufacturers in the region are facilitating the business scenario.
Meanwhile, the report cites that North America insulated packaging industry from live plant application segment is estimated to grow by 2% CAGR between 2019-2025. Growing demand for aesthetics plants such as wall plants and Christmas trees are propelling the market growth.
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Based on type, semi rigid type segment of North America insulated packaging industry is projected to expand with 2% CAGR through 2025. Strict government regulations regarding safe food handling has led to increasing demand for innovative packaging solutions which in turn is aiding the expansion of the market.
KODIAKOOLER, IPC, Ecovative Design LLC, DuPont, Davis Core & Pad Co., Deutsche Post DHL Group, Cold Ice Inc., Aerosafe Global, Sonoco, AMCOR, and Huhtamaki are the prominent companies operating in the North America insulated packaging market.
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