The durable insulated container market is on a trajectory to surpass a valuation of USD 3.9 billion by 2034. The market is slated to exhibit a CAGR of 4.3% during the forecast period. As of 2024, the industry is valued at USD 2.6 billion. In 2023, the market generated an estimated revenue of USD 2.5 billion.
The sales of durable containers are rising due to their cost-effectiveness and ability to retain the temperature of the contents during the storage and transportation procedures. The expansion of eCommerce in developing countries has propelled the demand for insulated shipping containers.
Besides this, the need for reliable transport solutions in the medicare sector has also propelled the demand for durable insulated shipping containers and boxes in countries where the medical infrastructure is already well-established. The current fad of online grocery shopping in the millennials has also affected the market positively.
Durable Insulated Container Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 2.5 billion |
| Estimated Size, 2024 | USD 2.6 billion |
| Projected Size, 2034 | USD 3.9 billion |
| Value-based CAGR (2024 to 2034) | 4.3% |
The demand for durable insulated containers has also skyrocketed in the past few years due to the general populace’s reliance on online food delivery services, especially in developed economies. Restaurants and eateries use insulated containers to ensure food remains fresh and safe during transit.
The advent of multinational food chains has also increased the demand for these containers in emerging economies. Besides this, the ongoing travel and trekking fad among the millennials has also significantly propelled the demand for insulated containers.
The expansion of the pharmaceutical cold chain sector in countries such as India, China, the United Kingdom, South Korea, etc., has also driven the demand. Well-established pharma companies have already switched to insulated containers for their storage and transportation of advanced and critical medications such as vaccines and syringes so that they remain effective and safe.
Opportunities in the market are also fueled by increasing environmental awareness and the demand for reusable products. Eco-conscious consumers are substantially driving the adoption of sustainable insulated containers that can be reused. This has helped them reduce their carbon footprint while also saving a significant amount of financial capital.
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The table below illustrates the predicted CAGR for the global durable insulated container market across various semi-annual periods from 2024 to 2034. The market is expected to experience a surge, with a CAGR of 4.6%, during the first half (H1) of the decade from 2024 to 2029. However, it is anticipated to plunge and grow at a marginal rate of 3.8% in the second half (H2) of the decade from 2029 to 2034.
| Particular | Value CAGR |
|---|---|
| H1 | 4.5% (2023 to 2033) |
| H2 | 4.1% (2023 to 2033) |
| H1 | 4.6% (2024 to 2034) |
| H2 | 3.8% (2024 to 2034) |
From H1 2023 to H2 2033, the CAGR for the durable insulated container market is expected to slightly decrease to 4.5% in the first half and then remain relatively stable at 4.1% in the second half. The market is very likely to remain constant with a retention of 40 basis points (BPS).
Technological Advancements in Insulation Materials to Profit Market Growth
Innovations in insulation materials have significantly impacted the market for durable insulated shipping containers. New materials, such as advanced polymers and aerogels, provide superior thermal insulation.
This has not only made containers more effective in maintaining temperature control over longer periods but also amplified their adoption in industries across a broad spectrum of domains. Manufacturers are also using lightweight materials to enhance the practicality of these containers.
Durable Insulated Container Market to Benefit from Demand for Temperature-sensitive Products
The cold chain sector, in the past few years, has seen tremendous transformation. The sector is seeing positive growth rates due to the increasing demand for temperature-sensitive products like pharmaceuticals, biologics, and perishable foods.
Countries like India, China, Brazil, and the United States are increasingly investing in cold chain infrastructure and this has boosted the demand for advanced insulated containers. Also, online grocery businesses are increasingly adopting these containers to effectively ship their products over long distances.
Environmental Impact and Disposal Concerns to Impede Adoption
There is an observed shift toward sustainable packaging solutions, not just among businesses but among eco-conscious consumers as well. This has brought companies using durable insulated containers made from non-biodegradable materials in big trouble.
Apart from this, the disposal of these containers can contribute to environmental pollution. These factors impeded the adoption of durable insulated shipping containers and boxes in the past few years. Besides this, the high initial costs of these containers as compared to other packaging solutions have also negatively affected the market growth.
Principal Consultant
The durable insulated container market is heavily reliant on the performance of various industries such as e-commerce, consumer goods, and products, manufacturing, packaging, etc. In the past few decades, the market experienced sustained growth, primarily due to stable economic conditions around the world. Industrially rich economies gained prominence in this industry. The market did face some fluctuations during the recent COVID-19 pandemic.
During the pandemic, as the world faced sudden shutdowns, the durable insulated container market received a series blow. Due to the closing down of economies and disrupted supply chains, the demand for these containers decreased.
Even in developing and developed countries, the market did not perform very well. However, things began to change in the later stages of the pandemic. During this period of 2019 to 2023, the shed and outdoor storage market exhibited a CAGR of 3.1%.
In the later stages of the pandemic, as the world became accustomed to the new norm, the market began to pick some pace. With the booming pharma industry across the world, the demand for effective packaging facilities touched the skies.
This pushed manufacturers to invest in efficient containers for temperature-sensitive medications. The advent of e-commerce in developing and underdeveloped economies, post-pandemic, also facilitated the expansion of this industry.
Tier 1 companies like Thermo King, Pelican Products, Inc., Cold Chain Technologies, Sonoco ThermoSafe, and Cryopak are leading the market by leveraging advanced technology and extensive R&D.
They are focusing on creating highly reliable, durable, and efficient insulated containers that meet stringent industry standards. By offering innovative solutions such as IoT-enabled temperature monitoring, these companies ensure real-time tracking and management of temperature-sensitive goods.
Tier Two companies such as Polar Tech Industries, Inc., Sofrigam, Va-Q-Tec AG, Intelsius, and Greiner Bio-One International GmbH differentiate themselves through specialization and customization.
These companies also emphasize sustainability, developing eco-friendly materials and reusable containers that align with the growing demand for green solutions. Their ability to adapt quickly to market trends and customer requirements helps them carve out significant market shares in specialized segments.
Tier Three companies, including Insulated Products Corporation, American Aerogel, Inmark Packaging, Sofrigam North America, and IPC Pack, stand out by providing cost-effective and flexible solutions. They often cater to small and medium-sized businesses that require reliable yet affordable insulated containers.
These companies prioritize innovation in materials and design to offer practical, lightweight, and efficient insulation solutions. Their agility in responding to market changes and customer feedback allows them to introduce new products rapidly, contributing to the overall growth and dynamism of the market.
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This section offers a detailed comparison of two packaging options within the industry: slotted containers and temperature-controlled packaging solutions. The growth rates and ongoing trends along with their current market valuation have been jotted down below.
Drawing from these analytics, it can be confidently projected that the temperature-controlled packaging solution market is projected to offer growth prospects in comparison to the other two industries.
Temperature Controlled Packaging Solution Industry Assessment:
The growing demand from pharmaceutical and healthcare industries to transport vaccines, biologics, and other temperature-sensitive medications has increased the significance of temperature-controlled packaging solutions in the medicare sector. Besides this, the expansion of global cold chain logistics, particularly for food and perishable products, has also driven the demand for temperature-controlled packaging.
| Attributes | Description |
|---|---|
| Related Market | Temperature Controlled Packaging Solution Industry |
| CAGR (2024 to 2034) | 8.1% |
| Growth Factor | Increased awareness about product safety drives demand |
| Key Trend | The increasing emphasis on sustainability and eco-friendly packaging solutions is driving market growth. |
Slotted Containers Industry Assessment:
The concept of on-demand packaging solutions has gained significant traction in recent years as businesses seek to address the evolving dynamics of the modern supply chain. On-demand packaging, particularly in the form of slotted containers made from corrugated boards, has garnered attention as it offers a range of benefits that align with the need for flexibility, efficiency, and responsiveness in today's packaging landscape.
| Attributes | Description |
|---|---|
| Related Market | Slotted Containers Industry |
| CAGR (2024 to 2034) | 4.5% |
| Growth Factor | The rapid rise of e-commerce and online retail has revolutionized the industry |
| Key Trend | Manufacturers are increasingly using biodegradable materials to curate their product offerings to cater to the demands of eco-conscious consumers. |
The demand for durable insulated containers has spread across every nook and corner of the world. The section below discusses the region-wise analysis of this industry for the next decade. Drawing from these analytics, it can be inferred that emerging Asian countries are some of the most lucrative markets for these containers. Besides this, the United States, Germany, and Canada are also performing very well in this market.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| Canada | 2.3% |
| United States | 2.7% |
| Germany | 2.1% |
| India | 6.7% |
| Thailand | 4.8% |
| South Korea | 4.8% |
| China | 5.9% |
| United Kingdom | 2.6% |
The durable insulated container industry in India is slated to show a 6.7% CAGR through 2034. The sales of durable insulated shipping containers and boxes are rising rapidly in India due to the expanding pharmaceutical sector and the rise of online grocery shopping.
India's pharmaceutical industry relies heavily on maintaining strict temperature controls for medications and vaccines during storage and transportation.
The surge in e-commerce has led to a higher demand for reliable cold chain logistics to ensure the freshness of perishable goods. The need for efficient temperature management and reduction of food wastage has also driven the adoption of insulated containers over traditional options.
The durable insulated container industry in China is projected to rise at 5.9% CAGR through 2034. In China, the demand for durable insulated shipping boxes is touching the skies, primarily due to the country's booming cold chain logistics industry and growing focus on food safety. With a large population and rising middle class, there is a higher demand for fresh and frozen food products. This has exponentially expanded the market in China.
The rapid growth of e-commerce, particularly in the grocery sector, necessitates reliable insulated containers to maintain product integrity. The adoption of these containers is further driven by advancements in insulation technology and the need for sustainable and efficient packaging solutions.
The United States durable insulated container industry is anticipated to exhibit a CAGR of 2.7% through 2034.
The rise in meal kit delivery services and online grocery shopping in the United States has increased the need for reliable insulated containers to ensure food freshness. The country also sees a growing demand for durable insulated containers due to the robust pharmaceutical and food delivery markets. The pharmaceutical industry heavily relies on insulated containers for transporting sensitive medications.
Consumer expectations for high-quality and safe deliveries, advancements in container technology, and the emphasis on reducing food waste have also led to the widespread adoption of durable insulated shipping boxes over traditional alternatives.
The global durable insulated containers market is segmented by material, size, and end-user. The top two categories are discussed below.
By material, the market includes plastic, polyethylene, polythene terephthalate, polyvinyl chloride, polystyrene, and polyurethane. As of 2024, the plastic segment holds a market share of 39.7%.
| Material | Plastic |
|---|---|
| Value Share (2024) | 39.7% |
The demand for plastic containers is skyrocketing as they offer superior thermal insulation, keeping contents at desired temperatures for extended periods. Plastic durable insulated containers are also gaining momentum due to their cost-effectiveness, lightweight nature, and versatility. These containers are also resistant to impact, moisture, and chemicals, ensuring durability and long-term use.
Individuals as well as businesses also prefer plastic containers as they are easier to clean and maintain, making them ideal for repeated use. These advantages, coupled with advancements in recyclable and eco-friendly plastics, make them a preferred choice over other materials like metal or styrofoam.
Durable insulated containers, based on end users, are classified into food, beverages, healthcare and pharmaceuticals, specialty chemicals, and others. The food segment holds a share of 47.2%, as of 2024.
| End Use | Food |
|---|---|
| Value Share (2024) | 47.2% |
Consumers are expecting fresh, high-quality food delivered to their doorsteps. This has necessitated a packaging solution that retains the temperature of the food items during the transit and insulated containers are the perfect solution for this.
The push to reduce food waste by maintaining optimal storage conditions also contributes to their adoption. Advancements in insulation technology and the convenience offered by these containers are also fueling their growing popularity in the food sector.
The durable insulated container market is filled with a multitude of companies, both domestic and international. These companies are investing billions of dollars to curate containers made from eco-friendly materials so that they can cater to the demands of eco-conscious consumers and businesses. Small-scale companies in this market often rely on the innovations of these companies who have a well-established research and development department.
Some of the most prominent companies in the industry are Thermo King, Pelican Products, Inc., Cold Chain Technologies, Sonoco ThermoSafe, and Cryopak.
Recent Developments
The market is segmented by material type, including plastic, polypropylene, polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS), polyurethane (PU), and nylon.
Container sizes range from up to 20 liters to above 200 liters, catering to diverse storage needs.
End users span various industries: food, encompassing meat, poultry, seafood, and dairy products; beverages; healthcare and pharmaceuticals, covering drugs, vaccines, biological products, and specialty chemicals, among others.
Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.
The global valuation is USD 2.6 billion as of 2024.
The market is expected to reach USD 3.9 billion by 2034.
The market is growing at a CAGR of 4.3% from 2024 to 2034.
Thermo King, Pelican Products, Inc., Cold Chain Technologies, and Sonoco ThermoSafe.
In 2023, the global market was valued at USD 2.5 billion.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Material Type 6.2. Size 6.3. End User 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 7.1. Polypropylene (PP) 7.2. Polyvinyl Chloride (PVC) 7.3. Polyethylene Terephthalate (PET) 7.4. Polystyrene (PS) 7.5. Polyurethane (PU) 7.6. Nylon 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Size 8.1. Up to 20 Liter 8.2. 21 to 50 Liter 8.3. 51 to 100 Liter 8.4. 101 to 200 Liter 8.5. Above 200 Liter 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 9.1. Food 9.1.1. Meat, Poultry & Seafood 9.1.2. Dairy Products 9.1.3. Others 9.2. Beverages 9.3. Healthcare & Pharmaceuticals 9.3.1. Drugs 9.3.2. Vaccines 9.3.3. Biological Product 9.3.4. Others 9.4. Specialty Chemicals 9.5. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. South Asia 10.5. East Asia 10.6. Eastern Europe 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Material Type, Size, and End User for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Cold Chain Technologies 20.2. Polar Thermal Packaging Ltd. 20.3. Cryopak A TCP Company 20.4. Sonoco Product Company 20.5. SAEPLAST AMERICAS INC. 20.6. Snyder Industries, Inc. 20.7. Alps Synergy Sdn Bhd.
Packaging
February 2022
REP-GB-594
October 2023
144 pages
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Durable Insulated Container Market
