IMARC Group, a leading market research company, has recently releases report titled “Insulated Shippers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global compression therapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Insulated Shippers Market?
The global insulated shippers market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9.0% during 2023-2028.
What are Insulated Shippers?
Insulated shippers are specialized packaging solutions designed to maintain the temperature of the contents they hold for extended periods. They are essential in industries that require temperature-sensitive transportation, such as pharmaceuticals, food and beverages, and specialty chemicals. Typically made from materials like polyurethane foam or molded expanded polystyrene (EPS) in combination with refrigerants, insulated shippers are engineered for thermal performance. Their unique design features often include tight-fitting lids and walls to reduce the exchange of heat, thus ensuring the quality and safety of the transported items. Insulated shippers are both efficient and eco-friendly, available in recyclable and biodegradable options. These containers are known for their durability, temperature consistency, and protective qualities, making them indispensable in various supply chain applications.
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What are the growth prospects and trends in the insulated shippers industry?
The global insulated shippers market is propelled by the expansion of the e-commerce sector, especially for perishable and temperature-sensitive products. The rise in online grocery shopping and the direct-to-customer pharmaceutical supply model has led to increased demand for reliable and efficient temperature-controlled packaging solutions. In addition, growing health awareness has accelerated the need for insulated shippers in the transportation of vaccines, biological samples, and other medical products that require stringent temperature control. Another major trend affecting the market is the focus on sustainability. With growing environmental concerns, the demand for eco-friendly, biodegradable, or recyclable insulated shippers is on the rise. Companies are increasingly adopting these sustainable options to comply with regulations and meet consumer expectations.
Technological advancements, like the integration of temperature-monitoring systems and IoT devices, are also positively impacting the market. These features provide real-time information on the condition of the shipped items, thereby ensuring quality and reducing wastage. The market is also being driven by globalization and the increased need for shipping products over long distances. The globalization of supply chains has necessitated the ability to maintain the quality of goods across vast geographic expanses, further cementing the role of insulated shippers in modern logistics and supply chain strategies. Various government initiatives aimed at promoting international trade and ensuring product quality are also contributing to market growth. Moreover, industry-specific requirements such as strict food safety regulations, the necessity for sterile environments in pharmaceuticals, and specifications for the shipment of specialty chemicals are creating tailored demands. Manufacturers are, therefore, offering customized solutions that cater to individual industry needs, which in turn is driving market differentiation and growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Cold Chain Technologies LLC
- CoolPac
- Cryopak Industries Inc. (Integreon Global)
- IGH Holdings Inc.
- Insulated Products Corporation
- Polar Tech Industries Inc.
- Sealed Air Corporation
- Sonoco Products Company
- Storopack Hans Reichenecker GmbH
- Tempack Packaging Solutions S.L. (Softbox Systems)
- Therapak LLC (Avantor Inc.)
- va-Q-tec AG
- Veritiv Corporation
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Single-Use
- Multiple-Use
Breakup by Material:
- Paper-Based
- Wool
- Expanded Polystyrene (EPS)
- Expanded Polypropylene (EPP)
- Polyurethane
- Others
Breakup by End Use:
- Home Delivery
- Agriculture
- Fish
- Life Sciences
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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