Insulated Packaging Market Size, Applications and Manufacturers Forecasts till 2020

The Global Insulated Packaging Market witnessed a rapid growth from 2013, and is projected to grow at a CAGR of 5.12% during the forecast period from 2015 to 2020, to reach USD 14.2 Billion by 2020. Asia-Pacific dominated the market, with a share of 32.0% in 2014. This market is driven by an increasing competition, aggressive pricing, rising consumer spending, increasing concern towards product presentation and safety, and various developments in the pharmaceutical sector. The Asia-Pacific region is estimated to become the fastest-growing market for insulated packaging.

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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.

Major manufacturers dominated in the 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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