Market Share of Insulated Packaging Industry
The global insulated packaging market is moderately fragmented owing to many packaging solutions providers introducing insulated packaging in their product line and prevent the new entrants to enter the market. The companies are investing in their R&D to develop innovating packaging solutions so that their solutions cater to the needs of the growing demands of various end-users. A significant number of instances of mergers and acquisitions are also seen as a step towards increasing the market share. Some of the recent developments in the market are:
- June 2021 - Cryopak, a leader in temperature assurance packaging and temperature monitoring devices, has introduced its newest addition to its growing line of plastic-alternative shipping solutions. The Cryopak Ecopak line of insulated box liners is recyclable and compostable, made from a post-industrial, recycled natural fiber blend. The box liners are wrapped in a perforated, recyclable, biodegradable film for moisture absorption.
Insulated Packaging Market Leaders
Amcor PLC
Cryopak
Davis Core & Pad Company
DS Smith PLC
Innovative Energy Inc.
*Disclaimer: Major Players sorted in no particular order
