Europe Insulated Packaging Materials Market
No. of Pages: 103 | Report Code: TIPRE00025865 | Category: Chemicals and Materials
No. of Pages: 103 | Report Code: TIPRE00025865 | Category: Chemicals and Materials
Europe is a major hub for the pharmaceuticals industry. A few of the biggest pharmaceuticals markets in Europe are Germany, France, the UK, Italy, and Spain. The growing geriatric population, an increasing number of surgical procedures, the rising need for cost-containment in the healthcare industry, the large and well-established medical technology industry, and the availability of funding for research and product innovation are major factors propelling the growth of pharmaceuticals devices and medicines market in Europe. Many European countries are leaders in medical device innovation, and they are exporting their products across the world. The growing demand for pharmaceuticals products in Europe drives the demand for insulated packaging. The packaging helps in the protection of temperature-sensitive items in the pharmaceuticals, chemicals, and food industries. According to the European Commission, food and beverages are Europe's largest manufacturing industry in terms of jobs and value added in GDP growth. Europe has a significant trade surplus in food, and European culinary specialties are well-liked across the world. The demand for packaging in Europe is increasing due to the high number of manufacturers in the food & beverages industry and its worldwide export market. The market for insulated packaging is expected to grow in the coming years as the requirement for packaging in the food & beverage industry is surging. Additionally, Europe is one of the major regional markets for frozen food. Germany, France, and the UK are among the significant markets of frozen foods in Europe. The rising popularity of frozen foods in the region can also be attributed to consumer preferences for ready-to-eat foods, product cost-effectiveness, favorable regulations, innovative manufacturing practices, and an increase in the hectic lifestyles of consumers. Growing manufacturing production and rising consumer spending on packaged products are propelling the demand for insulated packaging, which, in turn, bolsters the growth of the insulated packaging materials market in Europe.
Russia is estimated to suffer an economic hit due to lack of revenue from various industries, as the country recorded the highest number of COVID-19 cases, followed by France, the UK, Italy, and Germany. The lockdown restrictions are being slowly lifted in a few countries in Europe. Europe has one of the advanced pharmaceutical and healthcare industries in the world. The demand for insulated packaging materials is expected to increase as the economies are recovering and vaccination drives are being adopted in the region.
Strategic insights for the Europe Insulated Packaging Materials provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,258.89 Million |
| Market Size by 2028 | US$ 3,096.54 Million |
| Global CAGR (2021 - 2028) | 4.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Insulated Packaging Materials refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe insulated packaging materials market is expected to grow from US$ 2,258.89 million in 2021 to US$ 3,096.54 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The use of traditional insulated packaging materials has raised several environmental concerns across several countries in Europe. Materials such as expanded polystyrene are nonbiodegradable and emit toxic chemicals on burning, emerging as a hazard to the environment. Thus, several market players are focusing on their research and development activities and introducing bio-based insulated packaging materials. The use of novel and environment-friendly insulated packaging materials, such as wool, paper, cotton, and cardboard, is offering profitable growth opportunities to the vendors as they help in reducing carbon emissions. For instance, in May 2020, Softbox systems Ltd launched a new 100% kerbside-recyclable cardboard insulated shipper to deliver chilled food. It is created using Softbox’s Thermaflute insulating technology to create effective insulation layers, which provide efficiencies similar to those of traditional expanded polystyrene shippers. Owing to such advancements, the company has reduced plastic use by 50% in its food delivery boxes. Also, Swiftpak Limited uses Polylactic Acid (PLA), a biodegradable polymer made from renewable resources and displays that have similar characteristics to polypropylene (PP), polyethylene (PE), and polystyrene (PS). The company’s PLA bioplastic packaging helps in maintaining the temperature of the packed products under 4oC for a period of up to 30 hours. Thus, the launch of bio-based insulated packaging materials is expected to fuel the growth of the Europe insulated packaging materials market in the coming years.
In terms of material type, the corrugated cardboard segment accounted for the largest share of the Europe insulated packaging materials market in 2020. In terms of type, the reusable segment held a larger market share of the Europe insulated packaging materials market in 2020. Further, the food and beverages segment held a larger share of the Europe insulated packaging materials market based on end user in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe insulated packaging materials market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cascades inc., FEURER Group GmbH, Icertech, Sealed Air, TemperPack, and The Wool Packaging Company Limited.
The Europe Insulated Packaging Materials Market is valued at US$ 2,258.89 Million in 2021, it is projected to reach US$ 3,096.54 Million by 2028.
As per our report Europe Insulated Packaging Materials Market, the market size is valued at US$ 2,258.89 Million in 2021, projecting it to reach US$ 3,096.54 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Insulated Packaging Materials Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Insulated Packaging Materials Market report:
The Europe Insulated Packaging Materials Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Insulated Packaging Materials Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Insulated Packaging Materials Market value chain can benefit from the information contained in a comprehensive market report.
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