Isothermal Bags & Containers Market is expected to grow with a CAGR 5.4% from 2022 to 2028
As stated in our extensive report; providing insights by Product Type, Material Type, Application and Region; the Global Isothermal Bags & Containers Market accounted for USD 762.9 Million in the year 2021.
“Key Factors Likely to Drive Growth of Isothermal Bags & Containers Market”
Isothermal bag containers are those that have the capacity to maintain the same temperature for a prolonged duration of time. Isothermal bags and containers is used to stable temperature for sensitive goods, along with agro-merchandise, medicine, and different temperature-touching items, without compromising the cold chain. Aluminum and different plastic substances compose its isothermal lining. These bags and containers can hold temperatures range from -80°C to +25°C. They are generally utilized in perishable items logistics and shipping. Furthermore, merchandise is covered for forty-eight to a hundred and forty-four hours in the baggage and bins.
Rapid industrialization in growing and developing countries, in addition to multiple exchanges among neighboring countries, are using the worldwide market forward. Furthermore, growing exports and imports between countries, increasing food and pharmaceutical industries across the world, and growing demand for certain product transportation are primary drivers which are anticipated to promote market growth to extent level.
The demand for adequate cold chain solutions to transport organic samples including blood plasma and serum has extended as R&D in the field of biotechnology has increased. As a result of advancements in the pharmaceutical and food & beverage industries, the global isothermal bag and containers market is anticipated to have large containers for the duration of the forecast period.
North America held the largest market shares in 2021 due to the continuing growth of the pharmaceutical and food industries. Food and Pharmaceutical industries are increasing as is the perishable commodities trade across the region.
Asia Pacific is expected to grow at a fastest Compound Annual Growth Rate (CAGR) over the forecast period due to rapid developments in the packaging industry for revolutionary products and developing e-commerce area.
Some of the key players in the Global Isothermal Bags & Containers Market include Sonoco Products Company, Cryopak Europe, Pelican BioThermal, Cold & Co, ACH Foam Technologies Inc., Saeplast, AccsA’tech, Insulated Products Corporation, TKT GmbH, Snyder Industries, Envirotainer AB and others.
Browse the full Report - Isothermal Bags & Containers Market Size, Share & Trends Analysis Report by Product Type (Bags, Containers, Others), by Material Type (Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Polypropylene (PP), Polystyrene (PS)), by Application (Pharmaceuticals, Food, Chemical, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)