Increase in global trade of various temperature-sensitive products has facilitated quantitative growth of companies to gradually invest in insulated packaging solutions over the last two decades. Insulated shippers / containers made of expanded polystyrene (EPS) is one of the unique packaging solutions for shipping various temperature-sensitive specimens without leading to any sort of spoilage / deterioration of the products during transportation.
EPS shippers are used to carry cold or frozen clinical specimens, packaging of processed food products, for electrical consumer good, etc. and are customized as per client requirements.
The global trade volume is poised to register a spike in growth, with rise in demand for shipping of temperature-sensitive payloads is expected to drive the global EPS shippers market. Lucrative growth opportunities in the pharmaceutical packaging industry especially in the emerging economies, owing to presence of numerous temperature sensitive medicinal applications are expected to create massive demand for EPS shippers over the forecast period.
Regardless of the aforementioned affirmative outlook, there are certain factors such as growing demand for corrugated bulk packaging substitutes which are likely to hinder the growth in global EPS shippers market.
Key market participants all across the globe that operate in the protective packaging market have focus towards launch of novel products with superior shock absorption as well as insulating properties.
The global EPS shippers market is segmented into seven regions, namely, Latin America, North America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
The market for EPS shippers in North America is expected to retain the leading position in terms of revenue generation as well as volume sold, over the coming decade which is attributed to the trading volume in the United States (U.S.) alone.
However, in terms of market growth, APEJ region is projected to be the most lucrative market for the insulated EPS shippers during the forecast period. Emerging countries like China, India, Vietnam, etc. in the region are anticipated to display the highest growth opportunities owing to continuous rise in industrial trade especially among its adjourning economies.
Moreover, in the coming years, the market for insulated EPS shippers in the Middle East & Africa region is also expected to face significant growth due to its rising trade with European region.
Some of the key players currently operating in the global EPS Shippers market are:
The report on EPS Shippers is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.
The EPS Shippers report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The EPS Shippers report also maps the qualitative impact of various market factors on market segments and geographies.
The global EPS Shippers market can be segmented on the basis of size/capacity, applications, wall thickness, and the end use industry served
The global EPS Shippers market can be segmented on the basis of size/capacity into:
The global EPS Shippers market can be segmented on the basis of applications into:
The global EPS Shippers market can be segmented on the basis of wall thickness into:
The global EPS Shippers market can be segmented on the basis of end use industry served into:
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EPS Shippers Market
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