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(Transportation-News.com, August 19, 2016 ) Technavio Announces the Publication of its Research Report – Global Insulated Packaging Market 2016-2020
Technavio recognizes the following companies as the key players in the global insulated packaging market: Amcor, Deutsche Post DHL Group, Huhtamaki, InsulTote, and Sonoco.
Other Prominent Vendors in the market are: American Aerogel, Cold Ice, Davis Core and Pad, DuPont, Ecovative, Exeltainer¸ IPC, JB Packaging, Laminar Medica, Marko Foam, Providence Packaging, TemperPack, TP Solutions, and Woolcool.
Browse full report with TOC@ https://marketreportscenter.com/reports/349531/global-insulated-packaging-market-2016-2020
Commenting on the report, an analyst from Technavio’s team said: “Increasing sustainability concern will be a key trend for market growth. Sustainability is the major movement pursued in the whole packaging industry. Consumers expect packaging materials to be sustainable and environment-friendly. Vendors are investing in R&D to develop packaging materials that can be recycled, have the traditional capability of friction, and are moisture and heat resistant. A new innovative technology developed by Western Reserve University Lab, the AeroClay technology, helps turn clay and other ingredients into a versatile material that is sturdy, eco-friendly, and temperature resistant. It is used as an insulated packaging material and is beneficial especially for pharmaceutical and cold chain logistics. However, the growing prominence of packaging sustainability, especially in developed countries with more established environmental regulations, will limit the potential for conventional foamed plastic protective packaging to some extent.”
According to the report, growth in food industry will be a key driver for market growth. Growing awareness about health and changing lifestyle have increased the demand for several food products. Consumers prefer food products such as meat, seafood, poultry, and dairy to reach them in fresh form. The packaging of products plays an essential role in the demand and shelf life of a product. Processed foods require easy and flexible packaging materials that are convenient to customers and ensure product safety.
Further, the report states that rise in cost of raw materials will be a challenge for the market. Corrugated boxes are a popular form of insulated packaging. The main raw material used in the manufacture of corrugated boxes is paper pulp, which has volatile prices based on their demand-supply scenario. The widening of the demand-supply gap in the last few years has led to a substantial increase in the cost of raw materials. For instance, the price of wood has increased by 10%-15% in last two years, and so has the price of paper pulp. In July 2014, the average price of the pulp reached $832, which was a 184% increase from June. The price of the paper pulp is expected to rise during the forecast period, affecting the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Insulated Packaging
Insulated packaging offers protection from damage to industrial products, foods and beverages, pharmaceutical products, and equipment during shipping and storage. The global insulated packaging market is influenced by demographic trends, such as growing urbanization, population growth, an increase in international trading activities, and industrialization. The various types of insulated packaging products include boxes, containers, bags, pouches, and wraps.
Technavio’s analysts forecast the global insulated packaging market to grow at a CAGR of 5.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global insulated packaging market for 2016-2020. To calculate the market size, the report takes into account the total revenue generated from the sales of insulated packaging products. It presents the geographical segmentation of the market.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Insulated Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com
Market Reports Center
Sam Collins
1-646-883-3044
sam@marketreportscenter.com
Source: EmailWire.Com 
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