Global Isothermal Bags & Containers Market Size By Material (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyurethane (PU), Nylon), By Product (Bags and Containers), By Application (Pharmaceuticals, Food, Chemical), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Isothermal Bags & Containers Market Size And Forecast
Isothermal Bags & Containers Market size was valued at USD 845.8 Million in 2021 and is projected to reach USD 1,516.2 Million by 2030, growing at a CAGR of 5.76% from 2023 to 2030.
The increasing count of bleeding disorders, the introduction of novel drugs, and the rising number of cases requiring anticoagulant therapies are few of the factors expected to foster market growth over the forecast period. The Global Isothermal Bags & Containers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, trends, value chain analysis, competitive landscape, company profiles and factors that are playing a substantial role in the market.
Global Isothermal Bags & Containers Market Definition
Think of isothermal bags and containers like super-insulated coolers! They're designed to keep things at a steady temperature for a good amount of time, whether you need to keep something hot or cold. That's why they're so useful for transporting temperature-sensitive stuff, like farm-fresh produce, medicines, and other items that need to stay within a specific range so they don't spoil. They're built with a special lining, often made of aluminum and plastics, that acts like a thermal barrier. Some of these bags and containers can even handle temperatures from a frigid -80°C to a warm +25°C! This makes them perfect for transporting delicate items that can be easily damaged. And the best part? They can keep your products safe and sound for anywhere from 2 to 6 days.
Global Isothermal Bags & Containers Market Overview
Hey, so the global market is really taking off, right? It's mostly because countries – both the ones that are still developing and the ones that are already developed – are industrializing super fast, and there's a ton more business happening between neighboring countries. Plus, exports and imports are way up, and the food and pharmaceutical industries are booming all over the place. And let's not forget, everyone wants their stuff to be transported safely and securely, which also helps the market grow. What's more, isothermal bags and containers are offering some seriously cool advantages. The fact that they can keep things fresh – maintaining the cold chain throughout transport – is a big deal, especially for the agriculture and beverage industries. This is really boosting demand and contributing to the market's continued support and overall development, you know?
Think about itTrade in these cool bag containers is just exploding thanks to all the activity in food and pharmaceuticals, and, of course, shipping stuff around! Plus, everyone wants their goods transported safely using the best packaging solutions, so demand is really taking off. Isothermal bags and containers? You can get them rigid or semi-rigid, and that special isothermal lining (think aluminum and fancy plastics) helps keep things super cold (like -80°C!) or just nicely chilled (up to +25°C). They're perfect for logistics and moving those perishable items, providing protection for a seriously long time – almost 48 to 144 hours!
Furthermore, there exists contention about the utilization of isothermal bags and containers in the pharmaceutical industry. This also exhibits a resilient dynamic of expansion and growth pertaining to the isothermal bags and containers market globally. This is also an important growth dynamic pertaining towards global isothermal bags and containers market. The use of these bags for pharmaceutical testing and experimentation has given a strong push to the growth dynamics of the market. The food and beverages industry has become an ardent consumer of isothermal bags and containers, creating fresh pathways for growth and expansion across the global market.
However, there are a number of factors that always leave a space for product damage during the transit, ultimately hampering the growth of the isothermal bags and containers market. Further, increasing investment in the field of biotechnology has boosted the demand for proper cold chain solutions in order to transport biological samples such as blood plasma, and serum, among others. Therefore, with growing investment in the pharmaceutical sector and food & beverages industry helping the global isothermal bags market various future growth opportunities during the forecast period.
Global Isothermal Bags & Containers MarketSegmentation Analysis
The Global Isothermal Bags & Containers Market is segmented based on Material, Product, Application, and Geography.
Based on Material, the market is bifurcated into Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS), Polyurethane (PU), and nylon among others. PU is the predominantly used material type as it maintains the temperature of packaged products for a longer duration. Expanded polyurethane bags and containers offer very high thermal conductivity coupled with high mechanical strength. They can offer manageable temperatures for up to 144 hours. Polystyrene is chlorofluorocarbon free and is highly recyclable. These properties are anticipated to further fuel its demand.
Isothermal Bags & Containers Market, By Product
• Containers• Bags
Based on Product, the market is bifurcated into bags and containers. Containers dominated the market in 2017 owing to the relatively higher mechanical strength of the products. They are predominantly used in long-distance logistics that demand secure packaging for an extended time. Bags segment is expected to expand at a higher CAGR and is expected to occupy a sizeable market share over the forecast period. Flexibility and lightweight characteristics of these products reduce the transport costs, which, in turn, is anticipated to drive the demand in the forthcoming years.
Isothermal Bags & Containers Market, By Application
• Pharmaceuticals• Chemicals• Food• Others
Based on Application, the market is bifurcated into pharmaceuticals, food, chemical, and others. Pharmaceutical is anticipated to lead in terms of demand as drugs, vaccines, and biological products require highly temperature-controlled logistics. Isothermal containers and bags prevent the alteration of drug properties throughout transport. Pharmaceutical is followed by the food sector owing to the rising demand for frozen foods and ready-made meals. Demand for convenience foods and ready-to-eat and on-the-go meals is fostered by rising disposable income, especially in emerging countries such as India and Brazil.
Isothermal Bags & Containers Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of regional analysis, the Global Isothermal Bags & Containers Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounts for a larger market share in terms of revenue, owing to the steady growth of the pharmaceutical and food industries. Increasing trade is anticipated to further fuel the regional product demand in the forthcoming years. The Asia Pacific also holds a sizable market share owing to the high demand for drugs and vaccines coupled with a preference for convenience foods.
Key Players
The “Global Isothermal Bags & Containers Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Sonoco Products Company; Cryopak Europe; Pelican BioThermal; Cold & Co; ACH Foam Technologies, Inc., Saeplast, AccsA’tech, Insulated Products Corporation, TKT GmbH, and Snyder Industries. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
By Material, By Product, By Application and By Geography
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