Insulated Shippers Market Size, Share, and COVID-19 Impact Analysis, By Material (Paper-based, Wool, Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), Polyurethane, and Others), By Type (Single-use and Multiple-use), By End-Use Industry (Food & Beverages, Pharmaceuticals and Others), and Regional Forecast, 2024-2032.

Insulated shippers are temperature-sensitive packaging materials that deliver packaged meals, medications, organs, biological materials, and blood samples. They are used to maintain the freshness and efficacy of the product. Increasing demand for protective packaging in pharmaceuticals and food & beverages industries is driving the insulated shippers market.

With the growth of e-commerce, there is an increasing need for safe and secure delivery of goods such as food, pharmaceutical, and biological samples. Insulated shippers are widely used to transport and store these products. They provide constant temperature control at a low cost compared to other rigid packaging options. The rising incidences of chronic diseases has increased the demand for pharmaceutical products, which is anticipated to increase the insulated shipper's market growth. In addition, insulated shippers are heat resistant, they maintain the initial temperature and protect the product from exterior conditions, and these factors are expected to boost the insulated shippers market.

However, increasing competition from flexible insulated packaging solutions which has less cost than rigid insulated shipping containers hinders the growth of insulated shippers. Key market players operating in the insulated shippers market focus on developing value-added products to compete with their industry rivals. They are also engaged in increasing their geographic footprint and strategic expansion.

Impact of COVID-19 on Insulated Shippers Market  

The demand for insulated shippers has grown significantly during the COVID-19 pandemic. In the COVID-19 pandemic, increasing demand of medicines for people suffering from various diseases increases the demand for the insulated shippers market. Furthermore, due to the lockdown, demand for home delivery food services has increased, boosting the insulated shippers market. In addition, the covid-19 pandemic led to the development of several temperature-sensitive vaccines. Hence, insulated vaccine shippers are employed for their safe distribution. So these factors raise the demand for insulated shippers market

Key Insights

The report will cover the following key insights:

• The Regulatory Scenario of Insulated Shippers Market.


• Key developments in the Insulated Shippers Market.


• Impact of COVID-19 on Insulated Shippers Market.

Analysis by Material

Based on material, the insulated shippers market has been segmented into Paper-based, Wool, Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), Polyurethane, and Others. The expanded polystyrene (EPS) is expected to grow significantly in coming years. The excellent shock-absorbing ability associated with EPS expands its scope of packaging for expensive and fragile products such as chemicals, electronic equipment, wines, and pharmaceutical products. The expanded polypropylene (EPP) segment is expected to grow significantly over the coming years. Increasing demand for cold supply chain solutions has been boosting the growth of this segment. EPP are mostly designed to target food and healthcare sectors mainly. Furthermore, polyurethane has good thermal insulation and is an effective insulator, so they are widely used for transporting and storing materials, increasing demand for polyurethane insulated shippers.

Analysis by Type

The insulated shippers market has been segmented into types, such as single-use and multiple-use. The single-use segment expected to grow significantly in coming years. Single-use insulating shippers are ideal for packaging seafood, laboratory samples, medicines, and vaccines. They also offer a broad spectrum of printing options, including embossing laminations, and UV coating. The multiple-use insulated shippers segment is expected to rise in the forecast period. Logistic and pharmaceutical companies have taken an interest in adopting multiple-use boxes as it has various beneficial factors.

Analysis by End-Use

Based on end-use, the insulated shipping market is segmented into food & beverages, pharmaceuticals and others. The pharmaceutical sector is expected to grow in the forecast period as the demand for pharmaceuticals and medical supplies is increasing rapidly on account of rising health issues. In addition, increasing online food demand as it takes less time to deliver boosts the insulated shippers market.

Regional Analysis

Based on region, the insulated shippers market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Amongst these, Asia Pacific is expected to grow at faster rate in coming years. India and China are the major manufacturers of pharmaceutical and chemical products that require large-scale packaging materials. Increasing demand for these packaging materials for medicines and food products expands the regional insulating shippers market. Also, increased e-commerce companies in this region will further propel the insulating shippers market growth.

North America is projected to gain positive growth during the forecast period. The growth is due to online grocery stores that prefer insulated shippers to transport fruits and processed foods. The Europe insulated shippers market is anticipated to grow in the forecast period owing to the increasing consumption of frozen and ready to eat packaged foods. At the same time, Latin America, and the Middle East & Africa are expected to grow moderately.

Key Players Covered

The report will include the profiles of key players such as Sealed Air Corporation, CoolPac, Sonoco Products Company, Icertech, Cambro Manufacturing, Olivo, PED Technologies Ltd., ICEE Insulated Folding Boxes, and Liviri.       

Segmentation

Key Industry Developments

• In April 2023, ICEE collaborated with Samil Innopack Co Ltd as a South Korean licensee. Samil is a molder with manufacturing plants widely in South Korea and Thailand. Samil manufactures products in key markets such as food packaging and e-commerce.


• In March 2023, Sonoco ThermoSafe has expanded its UK-based ISC labs operations to support pharmaceutical thermal packaging.