Global Isothermal Packaging Market 2017-2021

Overview of the global isothermal packaging market

Research analysis on the global isothermal packaging market identifies that the increasing need for sustainable packaging will be one of the major factors that will have a positive impact on the growth of the market. The rise in the environmental degradation has boosted the environment conservation activities around the world. This has increased the consumer interests toward the environmental stability and has raised in the demand for environment-friendly, sustainable, and biodegradable packaging globally. Vendors are increasingly concentrating on making isothermal packaging biodegradable that will increase its demand during the forecast period. For instance, one of the prominent vendors, Cedric Ragot has launched an 100% biodegradable isothermal packaging that is durable and light weight. The material for the packaging is made from potato starch and a champagne bottle placed inside will be cool for about 2 hours. Many manufacturers are investing in lowering the impact of packaging on the environment with being widely conscious of environmental safety. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The rising demand from the online retail sector is one of the key trends that will contribute to the growth of this market in the forthcoming years. The rapid changes in the consumer lifestyle has widely influenced the growth of the retail sector. The rise in online sales will drive the demand for isothermal packaging for delivering fresh goods to the consumers. As convenience has become a major concern for consumers, online sales for frozen foods and pharmaceuticals has significantly increased over the years. This is mainly due to the preservation of fresh quality of food when delivered. Also, the quick delivery services and discounted prices available online are likely to contribute to the increasing demand for isothermal packaging.

Competitive landscape and key vendors