The North American insulated packaging market is projected to grow at a CAGR of 3.9% during the forecast period. The key factors that drive the market growth include the wide range of properties it offers for preserving the product. The region has the presence of numerous key players operating in the market.
Players such as Airlite Plastics Co., Amcor Ltd., DS Smith PLC, Marko Foam Products, Inc., Nippon Paper Industries Co. Ltd., and Sonoco Products Co. contribute substantially to the growth of the North American insulated packaging industry.
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These players adopt several growth strategies in order to thrive in the global competition. For instance, in August 2019, the US-based company, Airlite Plastics Co. acquired a business unit of Providence Packaging Inc. an insulated packaging market player. This acquisition is likely to strengthen the presence of the company in the country as well as curb a large customer base.
Further, the presence of players such as Amazon and Walmart also accelerate market growth over the forecast period. The growth in grocery stores along with the increased preferences of online channels are some other factors that fuel the growth of the market.
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- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material, By Product Type, By Application
- Competitive Landscape- Air Plastics Co., DS Smith PLC, Nippon Paper Industries Co. Ltd, Huhtamaki Group Oyj, Amcor Plc, and Marko Foam Products, Inc.
North America Insulated Packaging Market – Segmentation
- Corrugated Cardboard
By Product Type
- Food & Beverages
- Cosmetics & Personal Care
- United States
- Airlite Plastics Co.
- Airlite Plastics Co. in Insulated Packaging
- Recent Developments
- Amcor Ltd.
- American Aerogel
- Cold Chain Technologies Inc
- Cold Ice Inc.
- Deutsche Post DHL
- DS Smith PLC
- Huhtamaki Group Oyj
- Innovative Energy Inc.
- Insulated Products Corp.
- Marko Foam Products, Inc.
- Nippon Paper Industries Co. Ltd.
- Polar Tech Industries Inc.
- Sonoco Products Co.
- Temperpack Technologies Inc.
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