Insulated Packaging Market Profit-Sources Analysis Report 2022-2030
Insulated shipping packaging plays a causal role in minimizing the effect of variable temperature and protecting the product from physical damage, maintaining product specifications by keeping them warm, frozen, or refrigerated. Growing uses of insulated packaging that can preserve the cold chain for shipping temperature-sensitive products such as food & beverage, chemical, and personal care stimulate the insulated shipping packaging market size. Additionally, increasing investments for product development impact market growth. According to Market Research Future (MRFR), the global insulated shipping packaging market is expected to touch a valuation of approximately USD 3BN by 2026, growing at a 5% CAGR during the forecast period (2020–2026). COVID-19 Impact: The COVID-19 outbreak severely hit the insulated shipping packaging market industry, causing huge revenue loss to end-use industries like food & beverages and eCommerce. Also, the coronavirus-driven lockdown halted ...