Recyclable Thermal Insulation Packs Market Growth Size [2031]
Recyclable Thermal Insulation Packs Market Growth Size [2031]
Segments - Recyclable Thermal Insulation Packs Market by Type (Vacuum Insulation Panels, Insulated Bubble Cushioning, and Insulated Box Liners), Application (Pharmacies, Food [Meal Kits, Premium Eats, Ready-To-Eat Packaging, and Online Grocery Packaging], Flower Packaging Solutions, Diagnostics, Animal Health, and Cosmetics), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-6155
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Report Description
Recyclable Thermal Insulation Packs Market Outlook 2031
The global recyclable thermal insulation packs market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market is propelled by the increasing environmental awareness and the search for recyclable alternatives.
Innovations in material technology are projected to boost the market during the assessment period. The ongoing R&D activities in recyclable materials are helping increase the degree of thermal insulation while being environmentally stable. Thermal insulation pack manufacturers are actively looking for recyclable alternatives to lower their carbon footprint, thereby aligning with the ongoing efforts for environmental conservation and simultaneously enhancing their brand value.
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Based on a survey released in December 2023, the total global carbon dioxide emissions from fossil fuels and industry for the year 2022 reached 37.15 billion metric tons. It is projected that the emissions are likely to increase by 1.1 percent in 2023, reaching an all-time of 37.55 billion metric tons.
Stringent government regulations and policies are promoting the use of recyclable materials, encouraging manufacturers to adopt sustainable practices in thermal insulation packaging. Growing consumer preference for environmentally stable products is influencing their purchasing decisions. This leads to a high demand for packaging solutions with recyclable thermal insulation. This is projected to propel the market during the forecast period.
The COVID-19 pandemic impeded the market, owing to restrictions imposed by numerous governments across the globe. The lockdown led to a severe disparity in the supply and demand for all types of packaging solutions, as majority of the import and export activities were halted. This led to a market slowdown, thereby restraining the market growth.
Impact of Artificial Intelligence (AI) in Recyclable Thermal Insulation Packs Market
The use of artificial intelligence is likely to provide considerable propulsion to the recyclable thermal insulation packs market. AI optimizes the process by enabling precise material selection and customized design solutions.
This allows for sustainable and efficient production of packaging. Additionally, it aids in streamlining the supply chain, improves quality control, and facilitates data-driven decision-making. This leads to cost reduction and overall quality improvement of eco-friendly packaging solutions.
Recyclable Thermal Insulation Packs Market Dynamics
Major Drivers
Increasing application in the transportation and storage of temperature-sensitive goods is expected to drive the market during the projection period. There has been a constant rise in the demand for packaged food products and pharmaceuticals over the years across the globe. These products are often temperature-sensitive and perishable.
This is increasing the requirement for thermal insulation packaging solutions. The market is expected to have considerable propulsion in the coming years, due to the surge in the trend of recycling and usage of eco-friendly products.
Existing Restraints
Growing environmental concerns are likely to hamper the market during the forecast period. Consumers and regulatory bodies are increasingly demanding high sustainability in products. Although the packaging is recyclable, this makes the material selection and production process challenging for the manufacturers. The stringent regulations and demand for eco-friendly products are projected to impede the market during the assessment period, as such packaging solutions are based on synthetic polymers.
Emerging Opportunities
Expansion of the e-commerce sector is anticipated to provide substantial growth opportunities for the market during the forecast period. This sector makes extensive use of the supply and distribution networks, as its entire business model is based on it. E-commerce heavily relies on thermal insulation packaging to maintain the integrity of temperature-sensitive goods during transit.
The adoption of recyclable thermal insulation packs addresses the environmental concern and also aligns with sustainable production practices. The expansion of this sector is likely to create profitable prospects for the market during the projection period.
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Based on a survey published in December 2023, there are more than 5 billion users of the internet across the globe. This is leading to a sharp incline in the number of online purchases made by customers. In 2022, the retail e-commerce sales exceeded USD 5.7 trillion.
Scope of the Recyclable Thermal Insulation Packs Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Recyclable Thermal Insulation Packs Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Vacuum Insulation Panels, Insulated Bubble Cushioning, and Insulated Box Liners) and Applications (Pharmacies, Food [Meal Kits, Premium Eats, Ready-To-Eat Packaging, and Online Grocery Packaging], Flower Packaging Solutions, Diagnostics, Animal Health, and Cosmetics) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
The Wool Packaging Company Limited; Thermal Shipping Solutions; Packsize International, Inc.; Sealed Air; Nature-Pack; va-Q-tec AG; Insulated Products Corporation; Get Packed Pty Ltd.; Crawford Packaging; Cryopak; and Cascades. |
Recyclable Thermal Insulation Packs Market Segment Insights
Type Segment Analysis
Based on type, the recyclable thermal insulation packs market is divided into vacuum insulation panels, insulated bubble cushioning, and insulated box liners. The vacuum insulation panels segment is projected to hold the major share of the market during the projection period, due to their superior thermal insulation properties.
Industries and consumers prioritize energy efficiency and environmental sustainability. Therefore, they increasingly adopt vacuum insulation panels (VIPs). VIPs provide highly effective insulation with thin sheets of the material. The need for eco-friendly packaging solutions along with the benefits such as less space occupancy and high efficiency is projected to boost this segment during the forecast period.
Application Segment Analysis
On the basis of application, the global market is segregated into pharmacies, food, flower packaging solutions, diagnostics, animal health, and cosmetics. The food segment is further segregated into meal kits, premium eats, ready-to-eat packaging, and online grocery packaging. The pharmacies segment is projected to register a high CAGR during the forecast period, as this type of packaging helps effectively maintain the integrity of the medicine during transportation.
Ensuring proper temperature control helps preserve the quality and effectiveness of the medicines, as several medications and vaccines are temperature-sensitive. Recyclable thermal insulation packs are projected to have a high adoption in the coming years, due to the increasing awareness among consumers and businesses about the environmental impact of packaging.
The ready-to-eat packaging subsegment of the food segment is anticipated to expand at a substantial CAGR in the coming years, owing to the increasing demand for on-the-go and convenient food options. Preference for recyclable thermal insulation in packaging is growing to ensure the safety and freshness of ready-to-eat meals during transportation, as consumers prioritize sustainability.
The segment is projected to have substantial propulsion in the coming period, due to factors such as high living standards, the rising population, and spurring disposable income.
- As per the data from the United Nations Conference on Trade and Development published in 2022, there is a rapid increase in the number of people that reside in developing nations. It has reached from 66% in the year 1950 to 83% as of 2022. By 2050, this is projected to reach around 86%.
Regional Outlook
In terms of region, the global recyclable thermal insulation packs market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is expected to dominate the market during the projection period, due to the growing number of food retail chains and excellent supply & distribution infrastructure.
The e-commerce industry has been on the rise here in recent years. It is likely to create lucrative prospects for the market, as it makes extensive use of packaging. Furthermore, the presence of several large industries such as pharmaceutical as well as food & beverage is expected to propel the market during the projection period.
The market in Asia Pacific is projected to witness substantial propulsion, owing to the increasing consumption of packaged foods in this region, particularly in countries such as India, China, and Japan. Growing population, elevating lifestyle, and the surge in per-capita income drives the demand for thermal food packaging in the region. Spreading of awareness about recycling and the adoption of eco-friendly products is likely to create profitable projections for the market.
Segments
The recyclable thermal insulation packs market has been segmented on the basis of
Type
- Vacuum Insulation Panels (VIPs)
- Insulated Bubble Cushioning
- Insulated Box Liners
Application
- Pharmacies
- Food
- Meal Kits
- Premium Eats
- Ready-To-Eat Packaging
- Online Grocery Packaging
- Flower Packaging Solutions
- Diagnostics
- Animal Health
- Cosmetics
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- The Wool Packaging Company Limited
- Thermal Shipping Solutions
- Packsize International, Inc.
- Sealed Air
- Nature-Pack
- va-Q-tec AG
- Insulated Products Corporation
- Get Packed Pty Ltd.
- Crawford Packaging
- Cryopak
- Cascades
Competitive Landscape
Key players competing in the global recyclable thermal insulation packs market are The Wool Packaging Company Limited; Thermal Shipping Solutions; Packsize International, Inc.; Sealed Air; Nature-Pack; va-Q-tec AG; Insulated Products Corporation; Get Packed Pty Ltd.; Crawford Packaging; Cryopak; and Cascades.
These key players adopt various strategies including product launches, partnerships, collaboration, acquisitions, mergers, and production expansion to expand their consumer base globally. For instance,
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In September 2021, Cryopak, a company that specializes in temperature assurance packaging and temperature monitoring devices, launched a new product called BOXEDin. This innovative packaging solution uses a box-in-box design that offers exceptional thermal insulation, making it a suitable choice for transporting biological shipments that are sensitive to temperature changes.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Recyclable Thermal Insulation Packs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Recyclable Thermal Insulation Packs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recyclable Thermal Insulation Packs Market - Supply Chain
4.5. Global Recyclable Thermal Insulation Packs Market Forecast
4.5.1. Recyclable Thermal Insulation Packs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recyclable Thermal Insulation Packs Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Recyclable Thermal Insulation Packs Market Absolute $ Opportunity
5. Global Recyclable Thermal Insulation Packs Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
5.3.1. Vacuum Insulation Panels (VIPs)
5.3.2. Insulated Bubble Cushioning
5.3.3. Insulated Box Liners
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Recyclable Thermal Insulation Packs Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
6.3.1. Pharmacies
6.3.2. Food
6.3.3. Flower Packaging Solutions
6.3.4. Diagnostics
6.3.5. Animal Health
6.3.6. Cosmetics
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Recyclable Thermal Insulation Packs Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
8. North America Recyclable Thermal Insulation Packs Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
8.4.1. Vacuum Insulation Panels (VIPs)
8.4.2. Insulated Bubble Cushioning
8.4.3. Insulated Box Liners
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
8.7.1. Pharmacies
8.7.2. Food
8.7.3. Flower Packaging Solutions
8.7.4. Diagnostics
8.7.5. Animal Health
8.7.6. Cosmetics
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
9. Latin America Recyclable Thermal Insulation Packs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
9.4.1. Vacuum Insulation Panels (VIPs)
9.4.2. Insulated Bubble Cushioning
9.4.3. Insulated Box Liners
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
9.7.1. Pharmacies
9.7.2. Food
9.7.3. Flower Packaging Solutions
9.7.4. Diagnostics
9.7.5. Animal Health
9.7.6. Cosmetics
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
10. Europe Recyclable Thermal Insulation Packs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
10.4.1. Vacuum Insulation Panels (VIPs)
10.4.2. Insulated Bubble Cushioning
10.4.3. Insulated Box Liners
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
10.7.1. Pharmacies
10.7.2. Food
10.7.3. Flower Packaging Solutions
10.7.4. Diagnostics
10.7.5. Animal Health
10.7.6. Cosmetics
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
11. Asia Pacific Recyclable Thermal Insulation Packs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
11.4.1. Vacuum Insulation Panels (VIPs)
11.4.2. Insulated Bubble Cushioning
11.4.3. Insulated Box Liners
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
11.7.1. Pharmacies
11.7.2. Food
11.7.3. Flower Packaging Solutions
11.7.4. Diagnostics
11.7.5. Animal Health
11.7.6. Cosmetics
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
12. Middle East & Africa Recyclable Thermal Insulation Packs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Types
12.4.1. Vacuum Insulation Panels (VIPs)
12.4.2. Insulated Bubble Cushioning
12.4.3. Insulated Box Liners
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Recyclable Thermal Insulation Packs Market Size and Volume Forecast by Applications
12.7.1. Pharmacies
12.7.2. Food
12.7.3. Flower Packaging Solutions
12.7.4. Diagnostics
12.7.5. Animal Health
12.7.6. Cosmetics
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Recyclable Thermal Insulation Packs Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Recyclable Thermal Insulation Packs Market: Market Share Analysis
13.2. Recyclable Thermal Insulation Packs Distributors and Customers
13.3. Recyclable Thermal Insulation Packs Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. The Wool Packaging Company Limited
13.4.2. Thermal Shipping Solutions
13.4.3. Packsize International, Inc.
13.4.4. Sealed Air
13.4.5. Nature-Pack
13.4.6. va-Q-tec AG
13.4.7. Insulated Products Corporation
13.4.8. Get Packed Pty Ltd.
13.4.9. Crawford Packaging
13.4.10. Cryopak
13.4.11. Cascades
Methodology
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