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Insulated Shipping Boxes Market

Market Insights on Insulated Shipping Boxes covering sales outlook, demand forecast & up-to-date key trends

Insulated Shipping Boxes Market By Material Type (Polyurethane, Polypropylene, Polystyrene, Extended Polystyrene, Extruded Polystyrene), Capacity (Up to 5 l, 5 l - 10 l, 10 l - 15 l, Above 15 l), Sales Channel (Specialty/ Departmental Stores, Online, Distributors) & Region - Forecast 2022-2032

Insulated Shipping Boxes Market Overview

The global insulated shipping boxes market is estimated to create an incremental opportunity of over US$ 4 Bn by the end of 2032. The demand for insulated shipping boxes is expected to total US$ 3 Bn by 2022, expanding at a CAGR of around 8% to 9% during the forecast period 2022-2032. Rapidly expanding transportation & logistics sector and rising demand for advanced packaging solutions for transporting temperature-sensitive products is projected to accelerate the sales of insulated shipping boxes in the global market.

Report Attribute

Details

Insulated Shipping Boxes Market Base Year Value (2021)

US$ 2.8 Billion

Insulated Shipping Boxes Market Expected Value (2022)

US$ 3 Billion

Insulated Shipping Boxes Market Anticipated Value (2032)

US$ 4 Billion

Insulated Shipping Boxes Market Projected Growth Rate (2022-2032)

8% to 9% CAGR

Insulated shipping boxes are packaging solutions that are insulated from the interior to maintain the temperature of the product placed in them. These boxes are made up of extruded polystyrene (XPS), expanded polystyrene (EPS), and polyurethane, sometimes placed in corrugated boxes.

Shipping and transit of numerous temperature-sensitive products can lead to spoilage and deterioration of the products during transportation due to temperature change, vibrations, jerks, and others. Insulated shipping boxes assist in protecting these products during transportation activities, keeping the product quality the same as while being placed in the box.

Driven by this, these insulated packaging solutions are gaining immense popularity across various industries such as food & beverages, pharmaceuticals, chemicals, and others, thereby bolstering the demand in the global market. Also, leading manufacturers are focusing on introducing novel insulated protective packaging solutions to address the demand for application and industry-specific packaging solutions. This is estimated to augment the sales of insulated shipping boxes in the global market.

Which are Some Prominent Drivers Spearheading Insulated Shipping Boxes Market Growth?

As the trend of globalization continues to create deeper inroads, a substantial rise in trade activities is being witnessed across the world. Also, with growing demand for food products such as meat, dairy, organic foods, fruits, vegetables, and others among customers, numerous countries are increasingly importing aforementioned products to address the growing demand, fueling the demand for appropriate packaging solutions.

For instance, according to a report by the World Trade Organization (WTO), the import of meat in China increased by 71% across China in 2019. The study also states that in terms of overall food import, the share of meat and meat products increased from 3.8% in 2009 to 13.8% in 2019 across China.

Insulated shipping boxes are extensively used for packaging these products, owing to their ability to maintain critical temperature conditions for heat-sensitive and frozen products. Thus, growing import and export of food products worldwide is anticipated to create high revenue generation activities for the insulated shipping boxes market.

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What are the Challenges Faced by the Insulated Shipping Boxes Market?

Despite several advantages associated with the use of insulated shipping boxes, extravagant cost of these boxes and increasing availability of flexible insulated packaging solutions are the factors hindering the sales in the global market.

In addition to this, implementation of strict government regulations regarding the use of plastics, such as polypropylene, polyurethane, and polystyrene, across Europe, North America, and Asia Pacific is restraining the growth in the insulated shipping boxes market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Insulated Shipping Boxes Market?

FMI states that Asia Pacific excluding Japan is estimated to emerge as the most remunerative market for insulated shipping boxes between 2022 and 2032.

With growing burden of various chronic & infectious diseases, expanding pharmaceutical sector, and increasing advancement in the transportation technologies, a significant rise in demand for heat-sensitive vaccines, injections, bionics, and others is being registered across Asia Pacific.

During the Covid-19 pandemic, a rapid surge in demand for therapeutics bionics and Covid vaccines was experienced, especially across high population countries such as China, India, Bangladesh, and Australia among others. Insulated shipping boxes were extensively used for packaging these temperature-sensitive pharmaceuticals products for shipping. Hence, increasing outbreaks of novel coronavirus strains and implementation of mandatory vaccination policies are estimated to bolster the sales of insulated shipping boxes in the Asia Pacific excluding Japan.

Ismail Sutaria
Principal Consultant
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How is Western Europe Contributing to the Growth of the Insulated Shipping Boxes Market?

As per Future Market Insights, Western Europe is expected to account for a significant share in the global insulated shipping boxes market during the forecast period 2022-2032.

As the consumption of organic fresh produces such as fruits & vegetables and seafood continue to rise, owing to the growing health-conscious population, demand for insulation packaging solutions is also rising for transportation of these products. With increasing concerns regards environmental sustainability and implementation of regulations on the use of plastics, key players in the market are aiming at launching novel eco-friendly insulation packaging solutions.

For instance, in 2020, Softbox, a U.K.-based supplier of temperature control packaging announced introducing new cardboard insulated shipping boxes with integrated Thermaflute insulating technology. A multiplicity of such new product launches are estimated to accelerate the demand for insulated shipping boxes in the Western Europe market.

Market Competition

Some of the leading players in the global insulated shipping boxes market are Drew Foam Companies Inc., Harwal Group, Marko Foam Products, Cryopak, Radwa Corporation, Sofrigam SA, Sonoco Products Company, COOL Sarl, Topa Thermal, Creopack Packaging Intelligence, and others.

Prominent manufacturer in the global market are focusing on launching novel temperature controlled and paper-based insulated shipping boxes maintain their lead in the highly competitive market.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8% to 9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Material Type
  • Capacity
  • Sales Channel
  • End Use
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Drew Foam Companies Inc.
  • Harwal Group
  • Marko Foam Products
  • Cryopak
  • Radwa Corporation
  • Sofrigam SA
  • Sonoco Products Company
  • COOL Sarl
  • Topa Thermal
  • Creopack Packaging Intelligence

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Available Upon Request

Key Segments Profiled in the Insulated Shipping Boxes Market Survey

By Material Type:

  • Polyurethane
  • Polypropylene
  • Polystyrene
  • Extended Polystyrene (EPS)
  • Extruded Polystyrene (XPS)

By Capacity:

  • Up to 5 L
  • 5 L - 10 L
  • 10 L - 15 L
  • Above 15 L

By Sales Channel:

  • Specialty/ Departmental Stores
  • Online
  • Distributors

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Chemicals
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of insulated shipping boxes in the market is expected to rise at 8% to 9% value CAGR by 2032.

The global insulated shipping boxes market is anticipated to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.

Drew Foam Companies Inc., Harwal Group, Marko Foam Products, Cryopak, Radwa Corporation, Sofrigam SA, Sonoco Products Company, COOL Sarl, Topa Thermal, Creopack Packaging Intelligence, and others some of the leading players in the global insulated shipping boxes market.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Insulated Shipping Boxes Market