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Isothermal Bags & Containers Market - Forecasts from 2022 to 2027

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  • 135 Pages
  • October 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5681983

Quick Summary:

In the ever-evolving global marketplace, the demand for isothermal bags and containers is on the rise. These pivotal tools assist in maintaining product temperature over prolonged periods, making them crucial for cold chain logistics applications. The bags and containers serve an essential function in the transportation of the temperature-sensitive goods like agricultural products, medicines, and other biological products like blood samples and human tissues. As cross-border trade intensifies, the robust growth of this market is expected.

Moreover, newer consumer expectations and changing behavioural patterns further stimulate the growth of the isothermal bags and containers market. The burgeoning fresh farm produce industry necessitates effective fresh food packaging, upscaling the demand for these reliable temperature-controlling solutions. They are vitally needed for reducing food spoilage during transport of fresh fruits, vegetables, meats and dairy products directly from farms to retailers or consumers. The accelerated growth in the organized retail sector globally, particularly in developing economies, brings additional momentum to market expansion. Geographical regions like North America, Europe, and the APAC, with flourishing pharmaceutical, food and beverage industries, are likely to grasp significant market shares.

The offering of innovative packaging solutions for various food commodities, including meat, vegetables, fruits, and dairy products, is crucial in the rapidly growing fresh food packaging industry. The rising global population and evolving eating habits create an increased demand for food, fueling growth in this market sector. The enhancement of the lifetime of perishable food products, such as seafood and dairy, also holds importance, lending support to more innovative fresh food packaging solutions. This need is likely to drive the market demand in the expected forecast period.

The isothermal bags & containers market is projected to grow at a CAGR of 8.15% from a market value of US$ 1.676 billion in 2020 to attain a market value of US$2.901 billion by the end of 2027.

The isothermal bags and containers are utilized for maintaining the same temperature for a longer time. Hence, these bags and containers play an important role in cold chain logistics applications, burgeoning the market demand in the forecast period. The isothermal bags and containers are used for maintaining hot items hot and cold items cold.

Also, they are utilized extensively for carrying temperature-sensitive goods such as agricultural products, medicines, and other biological products such as blood samples and human tissues. The growing trade across regional and geographical boundaries propels market growth in the forecast period. Hence, an increase in exports and imports of different products is poised to augment the market growth during the forecast period.

Additionally, the growing fresh farm produce industry further propels the market demand in the forecast period. The rapid progress in the organized retail sector, especially in the developing economies of the world, is contributing to surging market growth over the next five years. Geographically, North America and Europe are projected to hold a significant market share, followed by the APAC region with the growing pharmaceutical industry, food and beverage industry, and demand for fresh agricultural produce, fresh meat, and seafood.

The growing fresh food packaging industry is propagating market growth in the forecast period.

The fresh food packaging market is projected to thrive in the forecast period due to the increasing efforts to reduce food spoilage, whether fresh fruits, vegetables, and dairy products or fresh meat directly from farms. This is further transported to the retailers (B2B) or the consumers (B2C); hence required to be delivered fresh, supporting the need for food fresh food packaging to maintain the shelf life of the fresh farm produce, post-harvest, and/or post-retail.

Also, adequate measures are being taken in the form of R&D to produce innovative packaging solutions for application in the packaging of fresh fruits and vegetables or meat commodities, in addition to taking care of the delayed ripening of these food products. Evolving consumer needs, where these prefer to ready-to-eat fresh food, with the changing living conditions and adopting a busy schedule, further propagate the market demand in the forecast period.

Change in eating habits

The global population is increasing, and this is further giving rise to the increase in food demand as well. The world is moving towards turning vegan or vegetarian. This, however, seems difficult for people with having meat appetite. Turning fully vegan will take time. Meanwhile, flexitarian is also the current trend. A flexitarian is a person who primarily consumes vegetarian but occasionally consumes meat or fish. Hence, the market for fresh food packaging to restore the freshness of immediately produced poultry and meat products from animal farms is estimated to flourish in the forecast period for individuals consuming meat products or flexitarians.

According to the FAO statistics, global meat consumption is projected to increase significantly, fueling the market demand in the forecast period and the upcoming years. As per the meat consumption type, the global bovine meat consumption is estimated to grow from 10.1 kg per capita in 2015 to 10.6 kg per capita in 2030. Similarly, for bovine and caprine meat, the consumption grew from 2.1 kg per capita in 2015 to 2.4 kg per capita in 2030; for pig meat, the consumption is estimated to be 15.3 kg per capita in 2015 and 15.1 kg per capita in 2030. In contrast, the consumption of poultry meat is estimated to grow to 17.2 kg per capita in 2030 from 13.8 kg per capita in 2015.

Perishable food products to drive the market demand

In order to increase the lifetime of seafood, companies are manufacturing effective packaging solutions for seafood handling and transport. For example, Saeplast company, founded in 1984, driven by the demand from the Icelandic seafood community, designed double-walled insulated plastic containers in the form of tubs for prolonging the lifetime of fish freshness. Hence, the development of the insulated container by the company team transformed seafood handling, and this helped the fishers as well. With time in 1999, the company purchased the Dyno Plastics division and acquired control of the Dyno Plastics Canada plant in NB Atlantic Canada. The Canadian company's production facility has had a long history of manufacturing insulated containers since the 1980s. The acquisition by Saeplastcontinued the manufacturing of the insulated containers at the exact location and with the same local expertise. The Company, Saeplast, became the global leader in providing the best quality insulated containers.

With the growing global consumption of dairy products, the demand for fresh food packaging holds significance, driving the market demand in the forecast period. According to the FAO, the global consumption of milk and dairy products grew from 83 kg per capita in 2015 to 90 kg per capita in 2030. The growing demand for fresh packaging for dairy products is further driven by the changing food consumption patterns with the increase in adoption of a busy lifestyle, where, especially, in the developing economies of the world, with women started entering the main workforce is preferring packaged dairy products such as packaged fresh cheese and fresh butter, instead of home-made dairy products. Hence, the inclination to manufacture packaging solutions for prolonging the shelf-life of dairy products also holds importance, fuelling the manufacturing of fresh food packaging for dairy products.

Furthermore, there are certain logistics issues where concerns regarding food spoilage have risen, leading to huge losses. This is also giving rise to opportunities for manufacturers worldwide to create innovative, fresh food packaging solutions for poultry and meat products and reduce food spoilage during transport.

Key Developments

June 2022: Nippon Express introduces a revolutionary international air freight service utilizing environmentally friendly isothermal packaging created by that EMBALL'ISO. Nippon Express becomes the first Japanese logistics business to work with EMBALL'ISO, which has a track record in vaccine distribution.

June 2022: Cascades introduced a new packaging technology to enhance the efficiency of its isothermal packages by 20%. With the addition of cutting-edge technology called northbox® XTENDTM, Cascades is enhancing its array of northbox® isothermal packaging solutions. The materials used to make this food container form a moisture barrier that keeps the insulation firm.

June 2021: Kwik announced the launch of its new product, the Kwik 2.0 isothermal bag, which was introduced with the motive to replace the first-generation delivery bags used for Kwik deliveries. They were designed to boost the carrying capacity of motorcycles and make delivery significantly safer. As opposed to the 25kg capacity of the prior bags, the new Kwik 2.0 bags can hold up to 40kg of weight.

Impact of the COVID-19 pandemic

The COVID-19 pandemic had a severe impact on various sectors of the economy. The closure of major industries and the implementation of strict lockdown rules led to a decrease in the demand operation of many industries. The isothermal bags market also initially suffered due to the suspension of food delivery services and lockdown protocols. However, the demand from the pharmaceutical sector was reported to have increased, due to the increasing demand for medical drugs and equipment. Further, as most countries have started to lift their pandemic protocols, the novel coronavirus situation will contribute to fuelling the market growth at a sustainable pace due to the increasing demand for pharmaceutical products and clinical trial supplies for vaccine development, in addition to the demand for fresh farm produce as part of essential grocery items. Hence, the market demand is anticipated to grow substantially in the forecasted period.


By Type

  • Bags
  • Containers

By Material Type

  • PEVA
  • PE
  • Polyurethane

By End-User

  • Food
  • Chemicals
  • Pharmaceuticals
  • Biological Products

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Middle East and Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
Frequently Asked Questions about the Isothermal Bags & Containers Market

What is the estimated value of the Isothermal Bags & Containers Market?

The Isothermal Bags & Containers Market was estimated to be valued at $1.68 billion in 2020.

What is the growth rate of the Isothermal Bags & Containers Market?

The growth rate of the Isothermal Bags & Containers Market is 8.1%, with an estimated value of $2.9 billion by 2027.

What is the forecasted size of the Isothermal Bags & Containers Market?

The Isothermal Bags & Containers Market is estimated to be worth $2.9 billion by 2027.

Who are the key companies in the Isothermal Bags & Containers Market?

Key companies in the Isothermal Bags & Containers Market include Polymos Inc., Nordcontenitori Sas, Cryopak, Tempack, Sofrigam, Peli BioThermal Limited, Atlas Molded Products, Cold & Co, Sæplast and Exeltainer.

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Isothermal Bags & Containers Market Analysis, by Type
5.1. Introduction
5.2. Bags
5.3. Containers
6. Isothermal Bags & Containers Market Analysis, by Material Type
6.1. Introduction
6.2. PEVA
6.3. PE
6.4. Polyurethane
7. Isothermal Bags & Containers Market Analysis, by End-User
7.1. Introduction
7.2. Food
7.3. Chemicals
7.4. Pharmaceuticals
7.5. Biological Products
8. Isothermal Bags & Containers Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. nited States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. United Arab Emirates
8.5.2. Israel
8.5.3. Saudi Arabia
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

Companies Mentioned

  • Polymos Inc.
  • Nordcontenitori Sas
  • Cryopak
  • Tempack
  • Sofrigam
  • Peli BioThermal Limited
  • Atlas Molded Products
  • Cold & Co
  • Sæplast
  • Exeltainer