Europe 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
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.
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Market Overview and Dynamics
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
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Europe Insulated Packaging Materials Market Segmentation
Europe Insulated Packaging Materials Market - By Material Type
- Plastic
- Wood
- Corrugated Cardboard
- Others
Europe Insulated Packaging Materials Market - By Type
- Single Use
- Reusable
Europe Insulated Packaging Materials Market - By End User
- Pharmaceutical
- Food and Beverages
- Cosmetic
- Industrial
- Others
Europe Insulated Packaging Materials Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Insulated Packaging Materials Market - Company Profiles
- Cascades inc.
- FEURER Group GmbH
- Icertech
- Sealed Air
- TemperPack
- The Wool Packaging Company Limited
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. Europe 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. Europe Insulated Packaging Materials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Pharmaceuticals Industry
5.1.2 Growing Demand for Temperature-Sensitive Products
5.2 Market Restraint
5.2.1 Variation in Raw Material Prices
5.3 Market Opportunities
5.3.1 Surging E-Commerce Industry
5.4 Future Trends
5.4.1 Use of Bio-Based Insulated Packaging Materials
5.5 Impact Analysis of Drivers and Restraint
6. Insulated Packaging Materials Market – Europe Analysis
6.1 Europe Insulated Packaging Materials Market Overview
6.2 Europe Insulated Packaging Materials Market –Revenue and Forecast to 2028
7. Europe Insulated Packaging Materials Market Analysis – By Material Type
7.1 Europe 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 Europe Other Material Type: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
8. Europe Insulated Packaging Materials Market Analysis – By Type
8.1 Overview
8.2 Europe 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. Europe Insulated packaging materials Market Analysis – By End User
9.1 Overview
9.2 Europe 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. Europe Insulated Packaging Materials Market – Country Analysis
10.1 Overview
10.1.1 Europe: Insulated Packaging Materials Market, by Key Country
10.1.1.1 Germany: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Insulated Packaging Materials Market, by Material Type
10.1.1.1.2 Germany: Insulated Packaging Materials Market, by Type
10.1.1.1.3 Germany: Insulated Packaging Materials Market, by End User
10.1.1.2 France: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Insulated Packaging Materials Market, by Material Type
10.1.1.2.2 France: Insulated Packaging Materials Market, by Type
10.1.1.2.3 France: Insulated Packaging Materials Market, by End User
10.1.1.3 Italy: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Insulated Packaging Materials Market, by Material Type
10.1.1.3.2 Italy: Insulated Packaging Materials Market, by Type
10.1.1.3.3 Italy: Insulated Packaging Materials Market, by End User
10.1.1.4 UK: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Insulated Packaging Materials Market, by Material Type
10.1.1.4.2 UK: Insulated Packaging Materials Market, by Type
10.1.1.4.3 UK: Insulated Packaging Materials Market, by End User
10.1.1.5 Russia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Insulated Packaging Materials Market, by Material Type
10.1.1.5.2 Russia: Insulated Packaging Materials Market, by Type
10.1.1.5.3 Russia: Insulated Packaging Materials Market, by End User
10.1.1.6 Rest of Europe: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Insulated Packaging Materials Market, by Material Type
10.1.1.6.2 Rest of Europe: Insulated Packaging Materials Market, by Type
10.1.1.6.3 Rest of Europe: Insulated Packaging Materials Market, by End User
11. Impact of Coronavirus Outbreak on Europe Insulated Packaging Materials Market
11.1 Europe: 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 FEURER Group GmbH
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 The Wool Packaging Company Limited
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 TemperPack
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
12.6 Icertech
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Insulated packaging materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Insulated packaging materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Insulated packaging materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Insulated Packaging Materials Market, by Material Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Insulated Packaging Materials Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Insulated Packaging Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Insulated Packaging Materials Market Segmentation
Figure 2. Europe Insulated Packaging Materials Market Segmentation – By Country
Figure 3. Europe Insulated Packaging Materials Market Overview
Figure 4. Europe Insulated Packaging Materials Market, By Type
Figure 5. Europe Insulated Packaging Materials Market, By Country
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. Europe Insulated Packaging Materials Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Insulated Packaging Materials Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Insulated Packaging Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Insulated Packaging Materials Market Revenue Share, By Material Type (2020 and 2028)
Figure 12. Europe Plastic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 13. Europe Wood: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 14. Europe Corrugated Cardboard: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 15. Europe Insulated Packaging Materials Market Revenue Share, By Type (2020 and 2028)
Figure 16. Europe Single Use: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 17. Europe Reusable: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 18. Europe Insulated Packaging Materials Market Revenue Share, By End User (2020 and 2028)
Figure 19. Europe Pharmaceutical: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. Europe Food and Beverages: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. Europe Cosmetic: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. Europe Industrial: Insulated Packaging Materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 23. Europe Other End User: Insulated packaging materials Market – Revenue and Forecast To 2028 (USD Million)
Figure 24. Europe: Insulated Packaging Materials Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. Europe: Insulated Packaging Materials Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Germany: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Insulated Packaging Materials Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe
- Cascades inc.
- FEURER Group GmbH
- Icertech
- Sealed Air
- TemperPack
- The Wool Packaging Company Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe insulated packaging materials market.
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- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the insulated packaging materials market, as well as those hindering it
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