Market Overview:
The global thermal insulation packaging market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal insulation packaging from the food & beverage and pharmaceuticals industries. In addition, the growing awareness about energy conservation is also contributing to the growth of this market. The global thermal insulation packaging market can be segmented on the basis of type into expanded polystyrene (EPS), vacuum insulated panel (VIP), phase change material (PCM), and others. The EPS segment is expected to account for a major share of the global thermal insulation packaging market in 2018. This segment is projected to grow at a CAGR of 5% during the forecast period owing to its properties such as high heat retention, low weight, and recyclability.
Product Definition:
Thermal insulation packaging is a material used to prevent or reduce the heat transfer between two objects. Thermal insulation packaging is often used in food and beverage shipping and storage, as well as electronics shipping and storage. It can also be used in industrial settings to protect workers from extreme temperatures.
Expanded Polystyrene (EPS):
Expanded Polystyrene (EPS) is a widely used material in the packaging industry owing to its properties such as lightweight, high strength, and chemical & corrosion resistance. It is produced by the process of polymerization of styrene; which is derived from natural gas or petroleum. The global demand for EPS has witnessed significant growth over the past few years on account of rising product applications in various end-use industries including food packaging and construction among others.
Vacuum Insulated Panel (VIP):
VIP is a type of vacuum insulated panel that is widely used in the thermal insulation packaging industry. It is a laminated, flexible, and transparent material that can be molded into any shape including rolls and sheets. Vacuum insulated panels are commonly used for thermal insulation in roofing systems of buildings which helps to keep the temperature difference between inside & outside areas at minimum levels.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. Other applications include chemicals, medical devices, electronics and food & beverage. The food & Beverage application segment accounted for a major market share in 2017 owing to increasing demand from end-use industries such as restaurants and hotels.
The pharmaceuticals are expected to be one of the fastest growing segments during the forecast period on account of rising healthcare costs coupled with an increase in geriatric population across countries such as India China Japan Germany France Canada U.K., etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising product demand from various end-use industries, such as food & beverage and pharmaceutical. Increasing disposable income levels in emerging economies of Asia Pacific, such as China and India are also expected to contribute significantly towards industry growth during the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high R&D investments by major companies located there. Moreover, presence of several key industry players with advanced technologies will drive thermal insulation packaging solutions market over next eight years.
North America held a substantial share in global revenues due to growing demand for convenience foods coupled with increasing health awareness among consumers living there; however, sluggish economic conditions have affected this region’s growth negatively impacting its overall performance considerably since 2016; however, it is gradually recovering now and poised for steady growth from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for thermal insulation packaging from the food and beverage industry as a result of growing awareness about the benefits of thermal insulation packaging.
- Rising demand for lightweight and sustainable thermal insulation packaging solutions to reduce shipping costs and environmental impact.
- Growing popularity of vacuum-insulated containers (VICs) for food storage and transportation due to their superior heat retention properties.
- Proliferation of e-commerce businesses that are increasingly adopting thermal insulation packaging to protect perishables during transit.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Insulation Packaging Market Research Report
By Type
Expanded Polystyrene (EPS), Vacuum Insulated Panel (VIP), Phase Change Material (PCM), Others
By Application
Food & Beverage, Pharmaceuticals, Others
By Companies
Emball’ISO, Sonoco ThermoSafe, Pelican, Cold Chain Technologies, Sofrigam, CSafe Global, Insulated Products Corporation, Cryopak, Inmark LLC, Softbox Systems, Exeltainer, Providence Packaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Insulation Packaging Market Report Segments:
The global Thermal Insulation Packaging market is segmented on the basis of:
Types
Expanded Polystyrene (EPS), Vacuum Insulated Panel (VIP), Phase Change Material (PCM), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emball’ISO
- Sonoco ThermoSafe
- Pelican
- Cold Chain Technologies
- Sofrigam
- CSafe Global
- Insulated Products Corporation
- Cryopak
- Inmark LLC
- Softbox Systems
- Exeltainer
- Providence Packaging
Highlights of The Thermal Insulation Packaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Expanded Polystyrene (EPS)
- Vacuum Insulated Panel (VIP)
- Phase Change Material (PCM)
- Others
- By Application:
- Food & Beverage
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Insulation Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal insulation packaging is a type of packaging that uses thermal insulation to protect products from heat loss. The most common application for thermal insulation packaging is food, where it is used to keep food warm or cold. Thermal insulation packaging can also be used in other industries, such as pharmaceuticals and electronics, where it helps to prevent the products inside from becoming too hot or cold.
Some of the major players in the thermal insulation packaging market are Emball’ISO, Sonoco ThermoSafe, Pelican, Cold Chain Technologies, Sofrigam, CSafe Global, Insulated Products Corporation, Cryopak, Inmark LLC, Softbox Systems, Exeltainer, Providence Packaging.
The thermal insulation packaging market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Insulation Packaging Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Insulation Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Insulation Packaging Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Insulation Packaging Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Insulation Packaging Market Size & Forecast, 2020-2028
4.5.1 Thermal Insulation Packaging Market Size and Y-o-Y Growth
4.5.2 Thermal Insulation Packaging Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Expanded Polystyrene (EPS)
5.2.2 Vacuum Insulated Panel (VIP)
5.2.3 Phase Change Material (PCM)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Insulation Packaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Insulation Packaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Expanded Polystyrene (EPS)
9.6.2 Vacuum Insulated Panel (VIP)
9.6.3 Phase Change Material (PCM)
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Pharmaceuticals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Expanded Polystyrene (EPS)
10.6.2 Vacuum Insulated Panel (VIP)
10.6.3 Phase Change Material (PCM)
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Pharmaceuticals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Expanded Polystyrene (EPS)
11.6.2 Vacuum Insulated Panel (VIP)
11.6.3 Phase Change Material (PCM)
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Pharmaceuticals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Expanded Polystyrene (EPS)
12.6.2 Vacuum Insulated Panel (VIP)
12.6.3 Phase Change Material (PCM)
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Pharmaceuticals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Expanded Polystyrene (EPS)
13.6.2 Vacuum Insulated Panel (VIP)
13.6.3 Phase Change Material (PCM)
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Pharmaceuticals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Insulation Packaging Market: Competitive Dashboard
14.2 Global Thermal Insulation Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emball’ISO
14.3.2 Sonoco ThermoSafe
14.3.3 Pelican
14.3.4 Cold Chain Technologies
14.3.5 Sofrigam
14.3.6 CSafe Global
14.3.7 Insulated Products Corporation
14.3.8 Cryopak
14.3.9 Inmark LLC
14.3.10 Softbox Systems
14.3.11 Exeltainer
14.3.12 Providence Packaging
