North America Insulated Packaging Market Capturing Competitive Landscape, Cost Benefits, Trends Strategic Insights By 2025

As per a new Global Market Insights Inc. research report, the North America insulated packaging market is expected to grow past a valuation of $3 billion by the end of 2025.

North America insulated packaging market is likely to demonstrate considerable revenue gains over the forecast years owing to a high product demand from various application avenues like chemical, F&B, and pharmaceutical. Increasing consumption of processed and packaged food across the region is likely to emerge as a major growth facilitator for the overall market landscape. The product is widely used in F&B industry since it protects food from any kind of unsuitable bacterial activity which might lead to its decay. Insulated packaging also helps F&B enterprises maintain internal temperature of the package to further extend the shelf life of the interior contents.

At the present, various industry participants have been investing in new product innovations and solutions to expand their consumer base in the market. Citing an instance, in February 2021, Fresh Prep, a meal kit delivery service provider based in Vancouver, announced plans of minimizing packaging waste with the launch of a novel reusable meal kit container.

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The Zero Waste Kit would be available across Canada and intends to lower the use of single-use plastic, while providing an easy and orderly cooking. It is made from BPA-free reusable plastic as well as silicone parts, each and every part of the new product is dishwasher safe and is delivered in reusable as well as insulated cooler bags.

Following are some of the key trends that are expected to shape the North America insulated packaging industry growth:

High usage in US cosmetics and personal care industry

The temperature-controlled packaging market in the U.S. is likely to surpass a valuation of $675 million from cosmetics and personal care application by the end of the analysis timeframe. Cosmetics such as mascaras, eyeliners, and lipsticks are likely to get damaged on being exposed to very high temperatures. Consequently, they need a specially designed packaging to keep fresh during transit and their life on supermarket shelves.

Insulated packaging helps maintain the required logistical conditions to prevent any sort of spoilage. The relatively dominant presence of a number of prominent cosmetics manufacturers in the region, including Revlon and Coty, will greatly escalate the product demand.

Growing demand for semi rigid packaging solutions

North America insulated packaging industry from semi rigid type segment will experience gains of more 2.0% by 2025 end. Semi rigid insulated packaging helps containers maintain the original shape as well as form for storing jams, mayonnaise, and sauces.

It further helps in reducing food spoilage caused by change in temperature during transportation. Subsequently, given the presence of strict regulations relating to food handling and contact, the demand of such packaging solutions is increasing in the regional F&B industry at a tremendous pace, greatly aiding industry growth.

Strong application scope in COVID-19 vaccination drives

With the COVID-19 pandemic, the global packaging industry has been witnessing an elevated demand from the healthcare industry. Various pharmaceutical packaging products are required on large scale during the pandemic to get different pharmaceutical products to patients in needs. With the development of several COVID-19 vaccines in the final months of 2020, insulated packaging found a highly crucial application; transporting vaccines at a stable temperature.

In March 2021, Cold Chain Technologies, a leading providers of single-use and reusable thermal packaging solutions, announced a partnership deal with B Medical Systems, a renowned manufacturer and distributor of medical devices for the shipment of temperature-sensitive materials.

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This partnership focuses on bringing end-to-end thermal shipping as well as storage solutions to the life science industry. The novel partnership would expand the portfolio of Cold Chain Technologies to include passive and active temperature-controlled storage solutions and hand-carry transport solutions.

While insulated packaging is expected to play a crucial role in the fight against COVID-19, plastics in general, because their non-biodegradable nature, pose a massive threat to the environment and are considered one of the main causes of water and land pollution. As such, stringent environmental regulations to reduce the use of plastic for packaging purposes might hinder the overall insulated packaging market growth.

Overall, a growing product application scope in the F&B, cosmetics, and personal care industries, coupled with an unprecedented demand from the pharmaceutical industry, will strengthen the market scenario. Davis Core and Pad company, AMCOR, KODIAKOOLER, DuPont, and Aerosafe Global among others are some of the key players operating in the North America insulated packaging market.

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.

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