Isothermal Packaging Market Size, Share, and Industry Analysis By Material (Plastic {Polyurethane (PU), Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET), Others}, Paperboard, and Others), By Product Type (Boxes & Containers, Bags, Pallets, Covers, and Others), By End Use Industry (Healthcare {Pharmaceutical, Biological, and Others}, Food & Beverages, Chemicals, and Others), and Regional Forecast, 2024-2032

Isothermal packaging is a temperature-controlled packaging solution designed to maintain a constant temperature for an extended duration, further preserving temperature-sensitive and perishable goods in different end-use industries. The rapidly growing need for environmentally friendly and sustainable packaging solutions due to the rising concerns among consumers, manufacturers, and governments propels the market growth. The continuous developments and advancements by manufacturers generate profitable growth opportunities.

• For instance, in December 2020, Pelican BioThermal, a leading supplier of temperature-controlled packaging, declared the launch of a new online learning platform to help customers and distributors build proficiency in temperature-controlled packaging technology, School of Cool.

The growing e-commerce and online food-delivery sector is a significant contributor to the growth of the global isothermal packaging market. The rising demand for processed and frozen products such as ice creams, meat, seafood, dairy products, and other temperature-sensitive products is also cushioning the market growth. The noteworthy growth of isothermal bags and containers in the healthcare sector is also a significant contributor to the global market expansion.

Despite the significant benefits offered by isothermal packaging, some factors hinder the market growth. The high costs associated with the manufacturing of isothermal boxes, bags, and containers are one of the prime impeding factors. In addition, ease in availability of less expensive containers and boxes, hampers the market growth.

The advent of the COVID-19 pandemic impacted several end-use industries worldwide. The rapid growth in the pharmaceutical industry is analyzed to be a prime and significant contributor to the market expansion. The rise in demand for vaccines, drugs, and other medical products and the need for their safe transportation enhanced the market growth.

SEGMENTATION

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Isothermal Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Isothermal Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on material, the market is segmented into plastic, paperboard, and others.

The plastic segment dominates the market. The material offers excellent flexibility, versatility, and durability and is highly cost-effective, owing to which it is gaining massive traction in the isothermal packaging industry. The material also helps maintains the temperature of the packaged products for a longer duration, thus driving the segment growth.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into boxes & containers, bags, pallets, covers and others. The boxes and containers segment dominates the global market. A tremendous rise in the demand for isothermal boxes and containers by several end-use sectors such as food, beverages, healthcare, and others, owing to the necessity for temperature-controlled transportation of fragile and sensitive products, is a significant factor driving the segment growth.

ANALYSIS BY END USE INDUSTRY

Based on end use industry, the market is segmented into healthcare, food & beverages, chemicals, and others.

The healthcare segment leads the global market, accounting for the largest share of the global isothermal packaging market. The rapidly augmenting demand for vaccines, medical devices, pharmaceutical products, blood samples, and several different medical products that majorly utilize temperature-controlled transportation is driving the segment growth. Moreover, the rising occurrence of chronic and lifestyle-related diseases, as well as healthcare spending, also drives the segmental growth.

REGIONAL ANALYSIS

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The isothermal packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is the dominating region in the global isothermal packaging market. The growing utilization of isothermal bags, covers, pallets, and containers among the food, beverage, and chemical industries in the region thrives the market growth.

The Asia Pacific market is the second-dominating region and is anticipated to grow massively over the projected period. The presence of well-established healthcare, chemicals, and food & beverage sectors in the region drives the need for isothermal packaging, impelling the market growth.

Europe is the third-leading region and is studied to foresee significant growth over the upcoming years. Increasing demand for drugs and vaccines, along with the rising preference for convenience food products, aids the market growth in the European region.

The Latin American market will experience moderate growth over the forecast period. The rise in utilization of isothermal bags, boxes, and containers by the food & beverage industry for the delivery of frozen, processed, and chilled food items enhances the market growth in the region.

The Middle East & Africa market will experience steady growth due to the rising demand for isothermal bags for transportation of healthcare-related products.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Cryopak, Sofrigam SA Ltd., Isovation, Cold & Co Sprl, Friobox sl, Zfoam, EMBALL'ISO, Tecnisample s.l., Pelican Biothermal LLC, and Sonoco Products Company.

KEY INDUSTRY DEVELOPMENTS

• In June 2022, Cascades Inc. launched an isothermal packaging market with advanced technology added to its Northbox line of meal boxes and commissioned a new production facility in York, Pennsylvania.


• In November 2020, Cold Chain Technologies (CCT), a global manufacturer of reusable and single-use passive thermal packaging solutions for the transport of temperature-sensitive products, announced the opening of a new facility in Lebanon, Tennessee. The new facility is a critical site that supports the demand for COVID-19 vaccine distribution.


• In February 2020, Cryopak Industries Inc. declared the acquisition of a manufacturer of temperature monitoring solutions for the healthcare sector, Temptime Corporation. The acquisition majorly focuses on the expansion of Cryopak's product offerings in the healthcare sector, especially for vaccine monitoring and logistics.