Global Isothermal Packaging market will reach 3604 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/26

The Isothermal Packaging industry was 2459 million USD in 2018 and is projected to reach USD 3604 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.62% between 2018 and 2025. The industry is relatively fragmented, the key brand include Sonoco, Softbox, Marko Foam Products, Tempack, American Aerogel Corporation, Polar Tech, InsulTote, Insulated Products Corporation, Cryopak, Exeltainer, Woolcool, Providence Packaging, Aircontainer Package System, JB Packaging and so on.

The growing population and change in the taste and preferences of the consumers have led to the increase in the demand for frozen food. As most pathogens cannot survive at sub-zero temperatures, freezing food reduces the chances of microbes invading it. Therefore, frozen food can be stored in isothermal packaging for long periods of time and remains fit to be consumed at the convenience of the user.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field..

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