The report forecasts the global insulated packaging market to grow at a CAGR of 5.68% during the period 2016-2020.
Increasing sustainability concern will be a key trend for market growth. Sustainability is the major movement pursued in the whole packaging industry. Consumers expect packaging materials to be sustainable and environment-friendly. Vendors are investing in R&D to develop packaging materials that can be recycled, have the traditional capability of friction, and are moisture and heat resistant. A new innovative technology developed by Western Reserve University Lab, the AeroClay technology, helps turn clay and other ingredients into a versatile material that is sturdy, eco-friendly, and temperature resistant. It is used as an insulated packaging material and is beneficial especially for pharmaceutical and cold chain logistics. However, the growing prominence of packaging sustainability, especially in developed countries with more established environmental regulations, will limit the potential for conventional foamed plastic protective packaging to some extent.
According to the report, growth in food industry will be a key driver for market growth. Growing awareness about health and changing lifestyle have increased the demand for several food products. Consumers prefer food products such as meat, seafood, poultry, and dairy to reach them in fresh form. The packaging of products plays an essential role in the demand and shelf life of a product. Processed foods require easy and flexible packaging materials that are convenient to customers and ensure product safety.
Further, the report states that rise in cost of raw materials will be a challenge for the market.
- Deutsche Post DHL Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/nr9d8k/global_insulated
Related Topics: Packaging
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-insulated-packaging-market-to-grow-568-by-2020---increased-demand-from-pharmaceutical-industry---research-and-markets-300317680.html
SOURCE Research and Markets