Insulated Shippers Market size was valued at USD 6.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.0% from 2021 to 2028.
The global insulated shippers market has witnessed substantial growth in recent years, driven by the increasing demand for temperature-sensitive goods transportation across various industries. Insulated shippers, also known as thermal shippers or temperature-controlled packaging, provide a reliable solution for maintaining the desired temperature range for products during transit.
The market for insulated shippers has been fueled by the growing pharmaceutical and healthcare sectors, where the transportation of vaccines, biologics, and other temperature-sensitive medications is of paramount importance. Additionally, the expanding global food and beverage industry, which requires the safe transportation of perishable products, has also contributed significantly to the market’s growth.
One of the primary factors driving the demand for insulated shippers is the rise in global trade and e-commerce activities. The increasing cross-border movement of temperature-sensitive goods, including food products, vaccines, and biopharmaceuticals, necessitates reliable and efficient thermal packaging solutions. Moreover, the growing trend of online grocery shopping and direct-to-consumer deliveries has further propelled the need for insulated shippers to maintain product freshness and quality during transportation.
However, the market also faces challenges such as the high cost of insulated shippers, especially those equipped with advanced features. This can limit the adoption, particularly among small and medium-sized enterprises. Additionally, the need for specialized storage and handling facilities for insulated shippers can pose logistical challenges, especially in remote areas.
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Global Insulated Shippers Market: By Company
• Cold Chain Technologies
• Snyder Industries
• Pelican Biothermal
• Sonoco Products Company
• Saeplast Americas
• Tempack Packaging Solutions
• Cryopak Industries
• American Aerogel
Global Insulated Shippers Market: By Type
• Expanded Polystyrene (EPS) Insulated Shippers
• Polyurethane (PUR) Insulated Shippers
• Vacuum Insulated Panel (VIP) Shippers
Global Insulated Shippers Market: By Application
Global Insulated Shippers Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Insulated Shippers market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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