The US insulated packaging market is anticipated to grow at a CAGR of 4.1% during the forecast period. The key factors that drive the growth of the US insulated packaging market include the increased preference of the people towards online channels over offline channels. In 2018, as per the Retail Feedback Group, approximately 31% and 33% of US digital grocery shoppers preferred online grocery shopping from Amazon and Walmart respectively. Besides, a majority of people also prefer buying medicines online, which further supports the growth of the market. Thus, such as an increased number of online shoppers are likely to drive the market over the forecast period.
The US insulated packaging market is segmented into material, product type, and application. Based on the material, the market has been sectioned as paper, plastics, glass, and others. The plastic segment is likely to hold a substantial share in the market over the forecast period. Based on the product type, the market is segmented into rigid, semi-rigid, and flexible. The rigid segment is likely to hold a substantial share in the market over the forecast period. Based on the application, the market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and other applications. The food & beverage segment is likely to hold a significant market share over the forecast period.
Further, Air Plastics Co., DS Smith PLC, Nippon Paper Industries Co. Ltd, Huhtamaki Group Oyj, Amcor Plc, and Marko Foam Products, Inc. are some of the prominent players operating in the US insulated packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
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US Insulated Packaging Market Segmentation
By Material
- Corrugated Cardboard
- Plastics
- Glass
- Others
By Product Type
- Rigid
- Semi-Rigid
- Flexible
By Application
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Others
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Company Profiles
- Airlite Plastics Co.
- Overview
- Airlite Plastics Co. in Insulated Packaging
- Recent Developments
- Amcor Ltd.
- American Aerogel
- Cold Chain Technologies Inc
- Cold Ice Inc.
- Deutsche Post DHL
- DS Smith PLC
- Exeltainer
- Huhtamaki Group Oyj
- Innovative Energy Inc.
- Insulated Products Corp.
- Marko Foam Products, Inc.
- Nippon Paper Industries Co. Ltd.
- Polar Tech Industries Inc.
- Sonoco Products Co.
- Temperpack Technologies Inc.
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