Insulated Box Liner Market : Opportunities and Forecast Assessment 2019 – 2029

Posted by Divakar on October 1st, 2019

Global Insulated Box Liner Market: Overview

Insulated box liners are packaging solutions that provide thermally insulated space where heat transfer can be halted. Insulated box liners with aluminum and bubble wrap are dominant box liners in the market compared to older ways of EPS coolers made from polystyrene. Aluminum-insulated box liners provides cheaper and more secure packaging solutions than EPS coolers. Similarly, they reduce or eliminate waste compared to EPS coolers.

Insulated box liners provides insulation with aluminum and bubble wrap protects product from physical damage. Sustainability is a dominant factor for growth of insulated box liners market. Insulated box liners have an outer covering made from kraft paper and paper fibers. Temperpack Co. launched a newly insulated box liner packaging solution called ClimaCell. It is made from corrugated material that can be recycled 93% and reused seven times. This suggests that insulated box liners market is dominantly influenced by sustainability.

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Global Insulated Box Liner Market: Market Dynamics

Global insulated box liner market is expected to increase by single digit CAGR. According to a study report by American Frozen Food Institute (AFFI) and the Food Marketing Institute (FMI), frozen food sales grew by 2.6% in dollars and 2.3% in units for multi-outlet plus convenience channel over the 52 weeks that ended on Nov. 4, 2018, compared with gains of 1.7% in dollars and 0.1% in units a year in 2017. Frozen foods are transported with the help of insulated box liners, which aids in the surge of insulated box liner market.

In 2017, according to a report by NOAA Fisheries, U.S. commercial fishermen landed 9.9 billion pounds of seafood, a 3.6 percent increase in volume over the previous year. The goods had a value of USD 5.4 billion (EUR 4.8 billion), a 2.1 percent increase from 2016 & it is expected to increase next year. This creates the need for packaging and transportation of sea food which in turn, creates a demand for growth of insulated box liners in a positive manner.

Trends such as increasing patient interaction with lab organizations, growing emphasis on healthcare and clinical pathology laboratory services are expected to grow, which aids the growth of insulated box liners.

End users of insulated box liners are pharmaceutical, life science, medical devices, sea food, frozen food, home appliances, electronics and others.

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Global Insulated Box Liner Market: Key Segments

Insulated box liners can be segmented by end user, inner material, size and recyclability. End user can be segmented by consumer and business. Inner material can be further segmented into plastic, aluminum and others.

Insulated box liners can be segmented by size into standard sizes and custom sizes. Recyclability can be segmented into recyclable and not recyclable.

Global Insulated Box Liner Market: Regional Analysis

Global insulated box liner market is consolidated in North America, Latin America, Europe, East Asia and Oceania. Key market players have a strong foothold in these regions. This suggests it’s harder for new entrants to compete in the insulated box liner market in these regions unless, new type of products are introduced.

In South Asia, insulated box liner market is still fragmented. Frozen food market in India is expected to grow rapidly due to increased spend ability by middle-class consumers. This might have a positive influence in the growth of insulated box liner market.

In 2019, FreshToHome, an Indian meat and seafood ecommerce startup managed to acquire $ 11 Mn. Capital from CE-Ventures. This will increase the demand for insulated box liners in the region.

Insulated Box Liner Market: Key Manufacturers

Global insulated box liner market is a fragmented market. Key players are Sealed Air Corporation, Insulated Product Corporation (IPC), PAC Worldwide Corporation (PAC), ULINE Inc., Thermal Shipping Solutions, Nortech Labs Inc., Great Pacific Packaging Inc., Coldkeepers LLC., Polar Tech Industries, Inc., Landy (Guangzhou) Plastic Products Co. Ltd., Thermal Shield Ltd. and Reflectix Inc.