The increasing disposable incomes and growing demand for fresh and natural products drives the market growth. Growing urbanization, and improving living standards of consumers have increased the demand for insulated packaging solutions. The growing need for temperature-sensitive packaging, improved shelf life of products, and high demand from the food and beverage sector boost the insulated packaging market growth.
The demand for insulated packaging has increased in industries such as cosmetics, pharmaceutical, chemicals among others. The increasing demand for fresh products, growth in pharmaceutical industry, increasing trend of e-commerce, and growing demand from the emerging economies are factors expected to offer numerous growth opportunities for the insulated packaging industry during the forecast period.