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Insulated Shipping Boxes offers various advantages such as high resistance to heat transfer by conduction, convection, or radiation, low moisture susceptibility, mechanical strength, durability, ease of transportation and fabrication, and others. Augmenting need for maintaining product quality and safety across various industries is propelling the growth of the market.
Regional Analysis
Region-wise, the Insulated Shipping Boxes market has been segmented into North America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
Insulated Shipping Boxes is highly suitable for the tropical climate of APAC due to which Insulated Shipping Boxes is highly desirable in the region. The expanding pharmaceutical and food & beverage industry in the region are generating persistent demand for Insulated Shipping Boxes. Moreover, increased demand for ready-to-eat and convenience food in the region.
Europe is following APAC's lead closely and accounts for a substantial part of the market's revenue generation. Heightened focus on packaging to ensure consumer safety has driven the Insulated Shipping Boxes market considerably. Progress of the pharmaceutical industry too fosters the growth of the Insulated Shipping Boxes market in Europe.
Segmentation
The global Insulated Shipping Boxes market has been segmented based on material, packaging type, and application.
By application, the Insulated Shipping Boxes market has been segmented into food & beverage, industrial, personal care, healthcare, and others. The food & beverage segment is estimated to exhibit rapid growth and capture the largest share of the market over the forecast period. The expansion of the food & beverage sector due to rise in disposable income and changing lifestyle of consumers is expected to reflect positively on the growth of the segment.
Competitive Landscape
TemperPack (U.S.), Davis Core & Pad Co.(U.S.), E.I. Du Pont De Nemours and Co. (U.S.), Sonoco Products Company (U.S.), American Aerogel Corporation (U.S.), Insulated Products Corp (U.S), Deutsche Post DHL (Germany)
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