North America Insulated Packing Market to Hit USD 3 Billion by 2025: Global Market Insights Inc.
North America insulated packaging market growth from wrap packing type segment will exceed USD 290 million by 2025, owing to extensive usage in the food & beverage industry for improving shelf life and stabilizing temperature.
SELBYVILLE, Del., July 22, 2019 (Newswire.com) - The North America insulated packaging market demand to rise from USD 2 billion in 2018 to around USD 3 billion by 2025, according to a 2019 Global Market Insights Inc. report. Increasing food retail chains expansion and growing e-commerce industry will have a positive impact on North America insulated packaging market growth. The materials, including glass, wood, plastic and metal, owing to their tough nature is used for manufacturing insulated packing products. Increasing packaged food demand due to busy lifestyles will enhance wrapped packaging industry size.
North America insulated packing market growth from corrugated cardboards material is forecasted to exceed USD 900 million by 2025. Global lipstick market is forecasted to grow over 6.0% by 2024. The product prevents spoilage from lipsticks and eyeliners melting by keeping them stabilized during the transit time. Growing personal care industry owing to increasing herbal and ayurvedic cosmetics utilization will fortify corrugated cardboards demand.
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North America insulated packaging market growth from food & beverage application is estimated to witness substantial gains of over 3.5% by 2025. Meat and fish products are stored and transported at low temperatures to maintain their freshness. The product offers thermal insulation, thereby preventing meat products spoilage. The global processed meat market is anticipated to witness substantial gains over 6.5% by 2024. This will fortify meat wrapping materials demand which, in turn, would enhance industry size.
Temperature-controlled packaging market growth is anticipated to witness strong gains owing to its application in the pharmaceuticals industry. These products help to maintain a stable temperature for transporting and handling drugs, insulin and vaccinations. Growing long-term diseases including cancer and diabetes will foster drugs demand, thereby fortifying industry size.
North America temperature-controlled packaging market growth from wrap packing type is anticipated to exceed USD 290 million in the predicted time period. The product is extensively used in the food & beverage industry for improving shelf life and stabilizing temperature. These are generally made by aluminum and plastic owing to their tear-resistant properties. Growing food & beverage industry due to increasing preference for packaged and processed food & beverages will amplify product demand.
Browse key industry insights spread across 145 pages with 87 market data tables and 44 figures and charts from the report, “North America Insulated Packaging Market Size By Material (Plastic, Glass, Metal, Corrugated Cardboards), By Application (Food & Beverages , Pharmaceutical, Chemical, Cosmetics & Personal Care, Live Plant), By Packaging Type (Pouches, Wrap, Boxes & Containers), By Type (Flexible, Rigid, Semi Rigid) Industry Analysis Report, Country Outlook (U.S, Canada), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025,” in detail along with the table of contents:
Plastics are a major source of water and land pollution. Plastic takes several years to get decomposed and is not environmentally friendly. Stringent government regulation regarding plastic utilization for packaging purposes may hamper insulated packaging market growth and industry profitability.
North America insulated packing market growth from flexible type is estimated to witness substantial gains of over 3.5% by 2025. These products can be readily customized to meet consumer requirements and internal content quantity. It helps to make the products appealing owing to good printability. Increasing demand for attractive packaged goods to engage customers with the brand will enhance market size.
Canada insulated packing market growth from cosmetic and personal care application is likely to grow at over 2.0% by 2025. Cosmetics freezing may lead to volume expansion which may result in seal breakage. Increased spending on personal grooming will fortify cosmetics utilization, thereby enhancing industry size.
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North America insulated packing market is moderately fragmented with key industry players including Davis Core & Pad company, Deutsche Post DHL Group, AMCOR, Huhtamaki, Cold Ice Inc., Aerosafe Global and Sonoco. Manufacturers are investing heavily in product innovation, R&D and capacity expansion in order to cater to increasing industry growth.
U.S. insulated packaging market growth from boxes and containers packing type is likely to grow at over USD 1 billion in the forecasted timespan. The product protects foods and pharmaceuticals from crushing, owing to superior weight-to-strength ratio and stacking properties. Growing food products imports and exports will propel the demand for safe packaging to maintain freshness.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider offering syndicated and custom research reports, along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Source: Global Market Insights Inc.