Insulated Thermal Box Liners Market Poised to Expand at a Robust Pace Over 2018-2028
VALLEY COTTAGE, N.Y. – Insulated thermal box liners are the packaging solutions that enable an ordinary packaging box into a thermally insulated box by restricting the flow of heat across the liner. The passive temperature controlled packaging solutions, such as insulated thermal box liners, are getting traction over active temperature controlled packaging solution for application in low distance transport of cold storage products due to the high initial cost of refrigerators, heavy weight of the machinery, low durability and maintenance requirement, and some other factors. Insulated thermal box liners are highly economic and effective solution for cold storage and transport purpose attracting consumers. This is the reason why the global insulated thermal box liners market has been considered for market analysis. High-density foam boxes were used traditionally as a passive temperature control solution, while insulated thermal box liners have enabled any ordinary box to transport products which require thermal insulation.
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Insulated Thermal Box Liners Market: Key Developments
The insulated bubble box liners with the aluminum layer are one of the prominent development in the insulated thermal box liners market. As aluminum act as an excellent moisture barrier protecting the primary product from interaction with water content, bubble wrap protecting the primary product from physical impacts, and the complete combination of air bubbles and aluminum protecting the primary product from environmental heat, insulated bubble box liners are highly preferred by the consumers due to its economic availability and driving the insulated thermal box liners market. For adding odor barrier and other barrier properties to the insulated thermal box liners, ethylene vinyl alcohol (EVOH) and polyamide (PA) materials are also incorporated in the insulated thermal box liners majorly for the storage and transport of pharmaceuticals and cosmetic products. Furthermore, some key packaging market players such as Sealed Air Corporation has introduced highly sustainable insulated thermal box liners made up of kraft paper and paper fibers, produced from recycled paper and also provides cushioning to the primary product with the padding.
Insulated Thermal Box Liners Market: Research Methodology
According to an industry survey conducted by the Sonoco Products Company, around US$ 2.8 Bn was spent globally in 2014 for the specialized packaging and monitoring devices for temperature sensitive healthcare products. According to another market research conducted by our company on the passive temperature-controlled packaging solutions, the market was valued at US$ 7.6 Bn in 2017 and is expected to rise at a CAGR of around 9% by the next ten years. The global temperature-controlled pharmaceuticals transportation is likely to increase at an annual growth rate of approximately 10% while about 8% for the food and beverage industry. At present market scenario, food and beverage industry is estimated to account for more than half of the global passive temperature controlled packaging solutions market. These secondary data points play a crucial role in verifying the insulated thermal box liners market numbers.
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For estimating the insulated thermal box liners market, the passive temperature controlled packaging solutions market and global import and export data of temperature controlled products are analyzed critically. Various data points such as production and sales of insulated thermal box liners of key market players through primary interviews and secondary sources. Furthermore, the unorganized market players are analyzed globally for the production of insulated thermal box liners. All the data is collected for the three product types of insulated thermal box liners market separately which are insulated bubble box liners, insulated foam box liners and paper pad box liners. Finally, the production, sales and scope of consumption of insulated thermal box liners on the basis of trade data, the final market volume is arrived and verified by the primary resources. The average price estimations are made regionally by the product type segmentation and multiplied by the regional volume of each product type to arrive at the global market value of the insulated thermal box liners market.
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Insulated Thermal Box Liners Market: Key Players
The key players of the insulated thermal box liners market are categorized into three level tier structure:
Tier-1: The tier-1 companies of the insulated thermal box liners market are characterized by the huge product portfolio for passive thermal insulation packaging solutions and serving the demand globally. Tier-1 key players of insulated thermal box liners market include Uline Inc., Sealed Air Corporation, ACH Foam Technologies and few others.
Tier-2: The tier-2 companies of the insulated thermal box liners market are characterized by multiple solutions for passive thermal insulation packaging and targeting the regional market only. Tier-2 insulated thermal box liners market players include Great Pacific Packaging, Inc., Insulated Products Corporation, Coldkeepers LLC, Nortech Laboratories, Inc., Polar Tech Industries, Inc., Landy (Guangzhou) Plastic Products Co., Ltd., and some others.
Tier-3: The tier-3 market players of the insulated thermal box liners market are characterized by the companies pioneered in the production of a narrow range of products and serving the demand of domestic market only. Tier-3 insulated thermal box liners market players include Thermal Shipping Solutions, Combi-Therm A/S, Thermal Shield Ltd., Reflectix, Inc., Managed Packaging Systems Inc., PAC Worldwide, Inc., Thermal Packaging Solutions, BEE Packaging Corp., The Packaging Company, Package Depot, Inc. and many others.
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