Asia Pacific Insulated Packaging Materials Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Plastic, Wood, Corrugated Cardboard, and Others), Type (Single Use and Reusable), and End User (Pharmaceutical, Food and Beverages, Cosmetic, Industrial, and Others)
Market Introduction
APAC comprises several major economies such as India, China, Japan, South Korea, and Australia. These countries are witnessing an upsurge in industrialization and urbanization activities, which is offering ample opportunities for the key players in the insulated packaging materials market. APAC is the fastest-growing economic region, as well as the largest continental economy in the world. The rising demand for insulated packaging in countries such as India and China attributed to the enhanced economic conditions and lifestyles, which is fueling the growth of the insulated packaging industry. APAC is one of the largest foods & beverage industries due to its high population density and disposable income. The growing distribution channel in APAC drives the food & beverages industry. APAC is home to a few of the world's largest e-commerce companies, such as Alibaba and Amazon, and well-established offline retailers. In September 2020, BASF’s developed SLENTEX high-performance insulation material, which ensures the freshness of food across the entire distribution process. Furthermore, the demand for frozen food is growing in APAC due to busy lifestyles and schedules. The consumer preference toward convenience foods is increasing as the making of these food items requires less time and effort as compared to cooking from scratch, which indirectly propels the demand for insulated packaging. Increasing disposable income is another aspect that has a significant impact on the frozen food market's growth because it boosts consumers' purchasing power. The growth of the APAC insulated packaging materials market is driven by an increase in disposable income and a rise in demand for frozen foods.
The Asian economies have been hit hard due to the COVID-19 pandemic. India recorded the highest number of cases, and the emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of the pandemic upon several industries. As the majority of population in India and China has begun opting for online food and medicines due to the pandemic situation, these countries are witnessing significant growth in their pharmaceutical and food & beverage industries, which is subsequently driving the insulated packaging materials market is in the region.
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Market Overview and Dynamics
The APAC insulated packaging materials market is expected to grow from US$ 5,751.09 million in 2021 to US$ 8,310.05 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Rising per capita disposable income, increasing investments in the improvement of cold chain infrastructure, growing end-user industries, and accessibility to medical facilities attribute to the growth of the insulated packaging materials market. In the past few years, the healthcare and pharmaceuticals industries have witnessed an unprecedented rise in demand for temperature-controlled/insulated packaging due to an increase in the demand and transportation of temperature-sensitive pharmaceuticals products and samples. Various biopharmaceuticals, such as tissue samples, vaccines, gene therapy products, and enzymes, are temperature sensitive and must be kept at specific temperatures during transportation and storage. The pharmaceuticals industry facilitates the demand for insulated packaging, which, in turn, catalyzes the demand for insulated packaging materials. The rising prevalence of diseases and ailments propels the demand for vaccines, medicines, testing kits, and gene therapies, which require insulated packaging as they are sensitive to temperature and humidity. In March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic and since then the demand for medicines for the treatment of COVID-19, COVID-19 testing kits, and COVID-19 vaccines has been on a rise. Prominent COVID-19 vaccine manufacturers are exporting the vaccine to international markets to meet the demand. All countries across the region are focused on getting their entire population fully vaccinated to curb the spread of the novel coronavirus that causes COVID-19 and avoid the emergence of its new variants. However, the target to achieve full vaccination amongst the entire population of the respective countries is still lagging, resulting in potential demand for vaccines across the region. Thus, the lucrative trade of biopharmaceuticals boosts the demand for insulated packaging in the pharmaceuticals industry, which, in turn, drives the growth of the APAC insulated packaging materials market.
Key Market Segments
In terms of material type, the corrugated cardboard segment accounted for the largest share of the APAC insulated packaging materials market in 2020. In terms of type, the reusable segment held a larger market share of the APAC insulated packaging materials market in 2020. Further, the food and beverages segment held a larger share of the APAC insulated packaging materials market based on end user in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC 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., Cool Pac, ICEE Containers Pty Ltd, Sancell, and Sealed Air.
Reasons to buy report
- To understand the APAC insulated packaging materials market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC insulated packaging materials market
- Efficiently plan M&A and partnership deals in APAC insulated packaging materials market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC insulated packaging materials market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Insulated Packaging Materials Market Segmentation
APAC Insulated Packaging Materials Market - By Material Type
- Plastic
- Wood
- Corrugated Cardboard
- Others
APAC Insulated Packaging Materials Market - By Type
- Single Use
- Reusable
APAC Insulated Packaging Materials Market - By End User
- Pharmaceutical
- Food and Beverages
- Cosmetic
- Industrial
- Others
APAC Insulated Packaging Materials Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Insulated Packaging Materials Market - Company Profiles
- Cascades inc.
- Cool Pac
- ICEE Containers Pty Ltd
- Sancell
- Sealed Air
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. APAC Insulated Packaging Materials Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Insulated Packaging Materials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from Pharmaceuticals Industry
5.1.2 Surging Demand for Temperature-Sensitive Products
5.2 Market Restraint
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Growth of E-Commerce Industry
5.4 Future Trends
5.4.1 Launch of Bio-Based Insulated Packaging Materials
5.5 Impact Analysis of Drivers and Restraint
6. Insulated Packaging Materials Market – APAC Analysis
6.1 APAC Insulated Packaging Materials Market Overview
6.2 APAC Insulated Packaging Materials Market –Revenue and Forecast to 2028
7. APAC Insulated Packaging Materials Market Analysis – By Material Type
7.1 APAC Insulated Packaging Materials Market, By Material Type (2020 and 2028)
7.2 Plastic
7.2.1 Overview
7.2.2 Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
7.3 Wood
7.3.1 Overview
7.3.2 Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
7.4 Corrugated Cardboard
7.4.1 Overview
7.4.2 Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (USD Million)
7.5 Other Material Type
7.5.1 Overview
7.5.2 Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
7.5.3 APAC Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
8. APAC Insulated Packaging Materials Market Analysis – By Type
8.1 Overview
8.2 APAC Insulated Packaging Materials Market, By Type (2020 and 2028)
8.3 Single Use
8.3.1 Overview
8.3.2 Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
8.4 Reusable
8.4.1 Overview
8.4.2 Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
9. APAC Insulated packaging materials Market Analysis – By End User
9.1 Overview
9.2 APAC Insulated packaging materials Market, By End User (2020 and 2028)
9.3 Pharmaceutical
9.3.1 Overview
9.3.2 Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
9.4 Food and Beverages
9.4.1 Overview
9.4.2 Food and Beverages: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)
9.5 Cosmetic
9.5.1 Overview
9.5.2 Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
9.7 Other End User
9.7.1 Overview
9.7.2 Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)
10. APAC Insulated Packaging Materials Market – Country Analysis
10.1 Overview
10.1.1 APAC: Insulated Packaging Materials Market, by Key Country
10.1.1.1 Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Insulated Packaging Materials Market, by Material Type
10.1.1.1.2 Australia: Insulated Packaging Materials Market, by Type
10.1.1.1.3 Australia: Insulated Packaging Materials Market, by End-User
10.1.1.2 China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Insulated Packaging Materials Market, by Material Type
10.1.1.2.2 China: Insulated Packaging Materials Market, by Type
10.1.1.2.3 China: Insulated Packaging Materials Market, by End-User
10.1.1.3 India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Insulated Packaging Materials Market, by Material Type
10.1.1.3.2 India: Insulated Packaging Materials Market, by Type
10.1.1.3.3 India: Insulated Packaging Materials Market, by End-User
10.1.1.4 Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Insulated Packaging Materials Market, by Material Type
10.1.1.4.2 Japan: Insulated Packaging Materials Market, by Type
10.1.1.4.3 Japan: Insulated Packaging Materials Market, by End-User
10.1.1.5 South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Insulated Packaging Materials Market, by Material Type
10.1.1.5.2 South Korea: Insulated Packaging Materials Market, by Type
10.1.1.5.3 South Korea: Insulated Packaging Materials Market, by End-User
10.1.1.6 Rest of APAC: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Insulated Packaging Materials Market, by Material Type
10.1.1.6.2 Rest of APAC: Insulated Packaging Materials Market, by Type
10.1.1.6.3 Rest of APAC: Insulated Packaging Materials Market, by End-User
11. Impact of Coronavirus Outbreak on APAC Insulated Packaging Materials Market
11.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Sealed Air
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sancell
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cool Pac
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cascades inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ICEE Containers Pty Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 5. China Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 6. China Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 7. China Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 8. India Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 9. India Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 10. India Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 12. Japan Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 13. Japan Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 16. South Korea Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC Insulated Packaging Materials Market, by Material Type– Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of APAC Insulated Packaging Materials Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of APAC Insulated Packaging Materials Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Insulated Packaging Materials Market Segmentation
Figure 2. APAC Insulated Packaging Materials Market Segmentation – By Country
Figure 3. APAC Insulated Packaging Materials Market Overview
Figure 4. APAC Insulated Packaging Materials Market, By Type
Figure 5. APAC Insulated Packaging Materials Market, By Country
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. APAC Insulated Packaging Materials Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Insulated Packaging Materials Market Impact Analysis of Drivers and Restraints
Figure 10. APAC: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Insulated Packaging Materials Market Revenue Share, By Material Type (2020 and 2028)
Figure 12. APAC Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 13. APAC Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 14. APAC Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 15. APAC Insulated Packaging Materials Market Revenue Share, By Type (2020 and 2028)
Figure 16. APAC Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 17. APAC Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 18. APAC Insulated packaging materials Market Revenue Share, By End User (2020 and 2028)
Figure 19. APAC Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. APAC Food and Beverages: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. APAC Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. APAC Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 23. APAC Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 24. APAC: Insulated Packaging Materials Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. APAC: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Australia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in APAC
- Cascades inc.
- Cool Pac
- ICEE Containers Pty Ltd
- Sancell
- Sealed Air
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC insulated packaging materials market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC insulated packaging materials market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the insulated packaging materials market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution