Insulated packaging market projected to surpass $30 billion by 2032 due to increased demand

From GlobeNewswire: 2024-11-25 05:00:00

The insulated packaging market is expected to reach USD 30 billion by 2032, fueled by the demand for temperature-sensitive products in industries like food, pharmaceuticals, and chemicals. E-commerce growth and direct-to-consumer delivery services have increased the need for insulated packaging to maintain product freshness during transportation. Challenges include high costs for sustainable materials and production techniques, with recyclable options being less appealing in price-sensitive markets.

Rigid packaging, including plastic, metal, and glass, is set to surpass USD 10 billion by 2032 due to its durability and protection capabilities for products during transport and storage. The pharmaceutical sector is the fastest-growing segment, with a projected CAGR of over 9% from 2024 to 2032, driven by complex pharmaceutical products requiring specialized cold-chain logistics.

North America leads the insulated packaging market, accounting for over 30% of the global share. The region’s growth is attributed to the increasing demand for temperature-sensitive products, particularly in the pharmaceutical and food sectors, driving the need for innovative insulated packaging solutions. Companies like Amcor, Sealed Air Corporation, and Sonoco Products Company are key players in the industry.



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