The durable insulated containers market is projected to register a CAGR of 6.4% during the forecast period, up from US$ 12.1 Bn in 2021 to reach a valuation of US$ 24 Bn by 2032.
As a result of increased competition, the market for robust insulated containers is expected to display excellent development possibilities over the forecast period. New players in the worldwide durable insulated containers market are giving a number of solutions at reasonable prices to meet the need for durable insulated containers, making them more accessible to customers. One of the most effective ways to safeguard the integrity of temperature-sensitive and perishable commodities during packaging and shipment is to use durable insulated containers.
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Competitive Landscape in the Durable Insulated Containers Market-
- Cold Chain Technologies,
- Polar Thermal Packaging Ltd.,
- Cryopak A TCP Company,
- Sonoco Product Company (ThermoSafe),
- SAEPLAST AMERICAS INC.,
- Snyder Industries, Inc. and
- Alps Synergy Sdn Bhd
are some of the leading participants in the durable insulated containers market.
Recent developments of the Durable Insulated Containers Market:
- Amcor bought Bemis Company Inc. in June 2019. The merged firm will now trade as Amcor plc (Amcor), with the ticker code AMCR on the New York Stock Exchange and AMC on the Australian Securities Exchange.
- Sonoco bought Can Packaging, a privately held designer and manufacturer of sustainable paper packaging and associated production equipment headquartered in Habsheim, France, in August 2020 for roughly USD 49 million.
- Huhtamaki acquired 100% control of its joint venture firm Laminor S.A. in Brazil in March 2020. Laminor, which specialises in high-quality tube laminates for oral care applications, was founded in 2002 as a 50–50 joint venture with Bemis Company, which is now a part of Amcor.
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What are the Key Propellers to the Durable Insulated Containers Market Share?
Globally expanding travelling has boosted demand for perishable food goods dramatically during the previous five years. This may be credited in large part to the increasing sales of durable insulated containers, which has resulted in an increase in maritime freight and cost savings. However, once the products reach the store, a significant portion of further distribution occurs via chest and upright insulated containers.
Durable insulated containers have been shown to maintain a temperature range of 2 to 8 degrees Celsius and are specifically intended for chilled capillary feeding. Additionally, consumers’ growing demand for durable insulated containers and reliance on seafood as a protein source and rising demand for unusual fish species are pushing imports and compelling cold chain logistics providers to add robust sales of durable insulated containers for effective shipping.
Region leads the Durable Insulated Containers market-
During the projected period, North America is expected to lead the sales of durable insulated containers. The region’s developing cold chain logistics business is a major factor boosting sales of long-lasting insulated containers.
The United States is predicted to keep a substantial market share for durable insulated containers, while Canada is expected to maintain a sizable increase in sales of durable insulated containers. Europe is likely to lag behind North America in terms of durable insulated container sales, but it is expected to grow at a significant rate in the durable insulated container market throughout the forecast period.
Germany is expected to remain the most enticing market in Europe, accounting for a quarter of all exports.
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Key Segments For Durable Insulated Containers Market
By Material Type:
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polyurethane (PU)
- Nylon
By Size:
- Up to 20 Litre
- 21 to 50 Litre
- 51-100 Litre
- 101-200 Litre
- Above 200 Litre
By End User:
- Food
- Meat, Poultry & Seafood
- Dairy Products
- Others
- Beverages
- Healthcare & Pharmaceuticals
- Drugs
- Vaccines
- Biological Product
- Others
- Specialty Chemicals
- Others
By Region:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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