Isothermal Bags & Containers Successfully Maintain Cold Chain during Transit
The global isothermal bags & containers market has witnessed impressive growth in the past few years, due to growing trade across the globe. Growing exports and imports between the countries and safe transportation of products has paved the way for isothermal bags & containers market. A number of other factors are expected to drive the isothermal bags & containers market, such as capability of keeping product fresh and maintain cold chain during transit. Fast growth in organized retail sector, especially in emerging economies, is expected to fuel growth of the isothermal bags & containers market. Despite the positive outlook, there are a number of factors that always leave a space for product damage during the transit, ultimately hampering the growth of the isothermal bags and containers market.
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Key Market Taxonomy Based on Product Type, Material Type, End Use, and Region
Globally, by material type, the polyurethane segment is estimated to dominate the market, in 2018, with 32.2% share of the market value. The nylon segment is anticipated to witness rise in market share, with 9.8% market share in 2018, it is estimated to reach 10.2% during the forecast period.
The global isothermal bags & containers market by product type, has been segmented into bags and containers. Among product type, the container segment of isothermal bags & containers dominates the market with 95.3% market share in 2018. Bags segment of isothermal bags & containers market is expected to grow at an impressive CAGR of 6.9% during the forecast period.
Among the end use segment, the pharmaceutical segment is anticipated to dominate the market, during the forecast period. The global market has been segmented into five regions, i.e. North America, Europe, Asia Pacific region (APAC), Latin America and Middle East & Africa (MEA). The MEA region is projected to register the highest CAGR of 8.1%, during the forecast period.
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Key Market Players & Insights on their Developmental Strategies
A few of the key players in the global isothermal bags & containers market include Cryopak Europe, Sonoco Products Company, Sofrigam SA Ltd., Pelican Biothermal LLC, va-Q-tec AG, ACH Foam Technologies, LLC, Cold & Co Sprl, Tecnisample s.l., Saeplast Americas Inc., AccsA’tech Medical Systems, Tempack Packaging Solutions, S.L., Advanced Products Portugal, Cold Chain Technologies, Envirotainer Ltd., American Aerogel Corporation, Snyder Industries, Inc., Inno Cool India Private Limited, Insulated Products Corporation, Exeltainer SL and TKT GmbH among others.
A majority of isothermal bags & containers market manufacturers are mainly emphasizing on expanding footprint through mergers and acquisitions, thereby enhancing their product portfolio and quality. Brand owners’ preferences regarding isothermal bags & containers are also expected to be driven by the type and size of bags and containers used.
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