Insulated Shippers Market Players: PED Technologies Ltd, Overath Gmbh, Barth Gmbh, And Pelican Biothermal

 Insulated Shippers Industry Overview

The global insulated shippers market size is anticipated to reach USD 13.9 billion by 2028, accelerating at a CAGR of 10.0% over the forecast period, according to a new report by Grand View Research, Inc. The product is expected to witness significant demand in the coming years on account of its growing use in various end-use industries such as food & beverages and pharmaceuticals.

The penetration of the Internet has increased significantly globally over the past few years and led to the availability of groceries online. In order to deliver fresh produce or temperature-sensitive food products, online grocery stores majorly prefer insulated packaging to prevent the deterioration of fresh produce by maintaining the desired temperature. Therefore, on account of ever-increasing online groceries, home delivery end-use segment is anticipated to experience the highest growth rate in the coming years.

The unavailability of adequate refrigerated logistics, most notably in remote areas, is responsible for drug damage. Moreover, it is not an economical option to invest in large cold chain solutions in such areas. Thus, insulated shippers offer ideal solution in such cases as they help maintain the required temperature at minimal expenditure.

Paper-based insulated shippers emerged as the largest segment in 2018, grabbing a market share of 26.0%. The segment is expected to gain momentum over the forecast period owing to the furtherance of cellulose insulation production technology. In this respect, insulated shippers industry is witnessing an increasing adoption of fiberization technology through which product manufacturers can maximize the function of fiber separation. Research & development activities are likely to surface in the industry over the forecast period with prominent market players keen on global expansion.

Grocery is among the most significant end-use segments in the market for insulated packaging given its growth over the years and is expected to grow at a consistent CAGR of 7.2% over the forecast period. The anticipated growth of the segment is attributable to the increasing consumption of grocery products paired with the mushrooming growth of retail chains, most notably supermarket & hypermarket chains, in emerging economies. The segment includes the packaging and shipping of a wide range of products including bakery products, sauces, milk, and purees, among others.

Central & South America market for insulated shippers is expected to grow at the fastest CAGR of 8.7% over the forecast period. The demand for online groceries is significantly higher in Central & South America compared to other regions, which, in turn, has been augmenting the demand for insulated shippers in the region. Furthermore, factors such as strong demand from end-use industries and expanding online grocery platforms in the region are anticipated to positively influence the growth of insulated shippers market. In Asia Pacific, several key companies, most notably in the food manufacturing space in Europe and North America have been outsourcing production activities to India and China owing to the lower production cost in these countries.


Insulated Shippers Market Segmentation

Grand View Research has segmented the global insulated shippers market on the basis of material, type, end-use, and region.

Based on the Material Insights, the market is segmented into Paper-based, Wool, Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), Polyurethane (PU), Metalized Bubble Wrap, Vacuum Insulated Panels, Biodegradables, and Others.

  • The Expanded Polypropylene (EPP) shippers segment is anticipated to grow at a significant rate over the forecast period. Ascending demand for efficient cold supply chain solutions has been boosting the growth of this segment. EPP in the form of boxes is designed to mainly target food professionals and players operating in logistics and health sectors. The performance of EPP boxes can be further improved by incorporating eutectic plates in the EPP box.

 

  • Eutectic plates are gaining popularity among prominent players in the insulated shippers industry owing to the high-performance technology they employ. The use of these plates is recommended for fresh food transportation and storage, most notably in multi-temperature systems.

 

Based on the Type Insights, the market is segmented into Single-use, and Multiple-use.

  • The single-use shippers with insulation are ideal for packaging a wide variety of products including seafood, laboratory samples, blood, medicines, cakes, chocolates, breast milk, cosmetics, vaccines, insulin, chemicals, and perishable products such as dairy items. These boxes also offer a broad spectrum of printing options including embossing, matt lamination, varnishing, glossy lamination, and UV coating.

  • The multiple-use insulated shippers segment is projected to progress at the fastest CAGR of 10.4% over the forecast period. Sustainability has emerged as the operative word contributing to the growth of this segment over the years.

 

Based on the End-use Insights, the market is segmented into Home Delivery, Agriculture, Fish, Life Sciences, and Others.

  • The home delivery segment dominated the market for insulated shippers and accounted for the largest revenue share of 35.3% in 2020. The segment is likely to retain its pole position over the forecast period. The mushrooming growth of retail chains, most notably supermarkets, has been contributing to the increased adoption rate of insulated shippers around the world.

  • The meat segment is also driven by the presence of various regulations on the packaging and movement of these products. For instance, The Perishable Cargo Regulations (PCR) requires meat producers to use insulating materials within shipping boxes to ensure the retention of quality of meat and meat-based products. Such regulations are expected to increase the adoption rate of insulated shippers over the forecast period.

 

Insulated Shippers Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Order a free sample PDF of the Insulated Shippers Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

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