Market Overview:
The global thermal 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 packaging from the pharmaceutical and food industries. In addition, the growing awareness about the benefits of using thermal packaging is also contributing to the growth of this market. The global thermal packaging market can be segmented on the basis of type into expanded polystyrene (EPS), polyurethane, vacuum insulated panels, natural fiber, and other types. The EPS segment is expected to dominate the global Thermal Packaging Market duringthe forecast period owingtoits properties such as high insulation value and lightweight nature.
Product Definition:
Thermal packaging is a technology that is used to preserve food and other perishable items. The packaging traps a layer of air around the item, which helps to keep it cool. This type of packaging is important because it helps to prevent food from spoiling and allows for safer transport of perishables.
Expanded Polystyrene (EPS):
Expanded Polystyrene (EPS) is a widely used material in the packaging industry owing to its properties such as lightweight, high insulation, and chemical & temperature resistance. It is produced by the process of polymerization of styrene gas and other additives which makes it stronger. The production process also gives it a smooth surface which makes it easier to handle during transportation and storage.
Polyurethane:
Polyurethane (PU) is a polymer, which is manufactured by the catalytic reaction of an organic compound with hydrogen. Polyurethane has applications in various sectors such as construction, automotive and transportation, consumer goods, electronics & appliances among others. The growing construction industry across the globe owing to rapid urbanization and increasing population is expected to be one of the key drivers for market growth over the forecast period.
Application Insights:
The other application segment includes personal care, home care, and automotive. Other applications are expected to witness significant growth over the forecast period owing to rising awareness regarding sustainable packaging among consumers. Also, technological advancements in thermal packaging materials such as natural fiber and other are expected to drive demand over the forecast period.
The food segment is estimated to account for a share of 29% in 2017 owing to increasing use of thermal insulated containers for transportation and storage of perishable food products including meat, seafood & poultry products along with dairy products such as cheese and yogurt. The pharmaceutical industry uses polyethylene foam packed medicines that maintain temperature levels without the need for additional ice packs or cold holding equipment which reduces costs associated with distribution & handling resulting in higher profit margins for manufacturers.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has led to an increasing demand for household goods, furniture, electronic appliances and various other products. Growing e-commerce industry in developing countries such as China and India is further fueling the regional market growth.
The European region occupied a significant share of global revenue in 2017 owing to high consumer purchasing power coupled with growing pharmaceutical sector across major economies including Germany, France Italy Spain U.K.
Growth Factors:
- Increasing demand for thermal packaging from the food and beverage industry as a result of the growing trend of on-the-go consumption.
- Rising demand for thermal packaging from the pharmaceutical and healthcare sectors due to increasing awareness about the benefits of using temperature controlled packaging solutions for products that need to be stored or transported at specific temperatures.
- Growing popularity of vacuum insulated containers (VICs) among consumers, especially in developed countries, due to their superior insulation properties that help keep food and beverages cold or hot for extended periods of time.
- Proliferation of ecommerce as a distribution channel, which is driving demand for temperature controlled shipping solutions among retailers and consumers alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Packaging Market Research Report
By Type
Expanded Polystyrene (EPS), Polyurethane, Vaccuum Insulated Panels, Natural Fiber, Other
By Application
Pharmaceutical, Food, Other
By Companies
Softbox, Marko Foam Products, Tempack, American Aerogel Corporation, Polar Tech, InsulTote, Insulated Products Corporation, Cryopak, Exeltainer, Woolcool, Providence Packaging, Aircontainer Package System, JB Packaging, Smurfit Kappa
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Packaging Market Report Segments:
The global Thermal Packaging market is segmented on the basis of:
Types
Expanded Polystyrene (EPS), Polyurethane, Vaccuum Insulated Panels, Natural Fiber, Other
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
Pharmaceutical, Food, Other
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:
- Softbox
- Marko Foam Products
- Tempack
- American Aerogel Corporation
- Polar Tech
- InsulTote
- Insulated Products Corporation
- Cryopak
- Exeltainer
- Woolcool
- Providence Packaging
- Aircontainer Package System
- JB Packaging
- Smurfit Kappa
Highlights of The Thermal 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)
- Polyurethane
- Vaccuum Insulated Panels
- Natural Fiber
- Other
- By Application:
- Pharmaceutical
- Food
- Other
- 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 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
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- Product & Brand 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 packaging is a type of packaging that uses thermal insulation to protect products from heat damage. Thermal packaging can be used for a variety of products, including food, beverages, pharmaceuticals and other consumer goods.
Some of the major players in the thermal packaging market are Softbox, Marko Foam Products, Tempack, American Aerogel Corporation, Polar Tech, InsulTote, Insulated Products Corporation, Cryopak, Exeltainer, Woolcool, Providence Packaging, Aircontainer Package System, JB Packaging, Smurfit Kappa.
The thermal packaging market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal 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 Packaging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal 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 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 Packaging Market Size & Forecast, 2018-2028
4.5.1 Thermal Packaging Market Size and Y-o-Y Growth
4.5.2 Thermal Packaging Market Absolute $ Opportunity
Chapter 5 Global Thermal Packaging 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 Thermal Packaging Market Size Forecast by Type
5.2.1 Expanded Polystyrene (EPS)
5.2.2 Polyurethane
5.2.3 Vaccuum Insulated Panels
5.2.4 Natural Fiber
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Packaging 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 Thermal Packaging Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Food
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal 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 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 Thermal Packaging Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Packaging 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 Thermal Packaging Market Size Forecast by Type
9.6.1 Expanded Polystyrene (EPS)
9.6.2 Polyurethane
9.6.3 Vaccuum Insulated Panels
9.6.4 Natural Fiber
9.6.5 Other
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 Thermal Packaging Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Food
9.10.3 Other
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 Thermal Packaging Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Packaging 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 Thermal Packaging Market Size Forecast by Type
10.6.1 Expanded Polystyrene (EPS)
10.6.2 Polyurethane
10.6.3 Vaccuum Insulated Panels
10.6.4 Natural Fiber
10.6.5 Other
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 Thermal Packaging Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Food
10.10.3 Other
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 Thermal Packaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Packaging 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 Thermal Packaging Market Size Forecast by Type
11.6.1 Expanded Polystyrene (EPS)
11.6.2 Polyurethane
11.6.3 Vaccuum Insulated Panels
11.6.4 Natural Fiber
11.6.5 Other
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 Thermal Packaging Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Food
11.10.3 Other
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 Thermal Packaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Packaging 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 Thermal Packaging Market Size Forecast by Type
12.6.1 Expanded Polystyrene (EPS)
12.6.2 Polyurethane
12.6.3 Vaccuum Insulated Panels
12.6.4 Natural Fiber
12.6.5 Other
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 Thermal Packaging Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Food
12.10.3 Other
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) Thermal Packaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Packaging 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) Thermal Packaging Market Size Forecast by Type
13.6.1 Expanded Polystyrene (EPS)
13.6.2 Polyurethane
13.6.3 Vaccuum Insulated Panels
13.6.4 Natural Fiber
13.6.5 Other
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) Thermal Packaging Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Food
13.10.3 Other
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 Packaging Market: Competitive Dashboard
14.2 Global Thermal Packaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Softbox
14.3.2 Marko Foam Products
14.3.3 Tempack
14.3.4 American Aerogel Corporation
14.3.5 Polar Tech
14.3.6 InsulTote
14.3.7 Insulated Products Corporation
14.3.8 Cryopak
14.3.9 Exeltainer
14.3.10 Woolcool
14.3.11 Providence Packaging
14.3.12 Aircontainer Package System
14.3.13 JB Packaging
14.3.14 Smurfit Kappa
