Insulated Shippers Market Size, Share & Trends Analysis Report By Material (Paper-based, Wool, EPS, EPP, Polyurethane), By Type (Single Use, Multiple Use), By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the insulated shippers market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for insulated shippers market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of insulated shippers market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Insulated Shippers Market Categorization:

The insulated shippers market was categorized into four segments, namely material (Paper-based, Wool, Expanded Polystyrene, Expanded Polypropylene, Polyurethane, Metalized Bubble Wrap, Vacuum Insulated Panels, Biodegradables), type (Single-use, Multiple-use), end-use (Home Delivery, Agriculture, Fish, Life Sciences), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The insulated shippers market was segmented into material, type, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The insulated shippers market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S., Canada, Mexico; Germany, the UK, France, Italy, Spain; China, Japan, India, South Korea, Australia; Southeast Asia, Brazil; Argentina, Saudi Arabia, UAE, South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Insulated shippers market companies & financials:

The insulated shippers market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Sonoco Products Company - Sonoco Products Company is a leading manufacturer of industrial and consumer packaging products and offers packaging services. Established in 1899, the company is headquartered in Hartsville, South Carolina, U.S., and is listed on the New York Stock Exchange under the trade name SON. Sonoco operates through four business segments: consumer packaging, paper & industrial converted products, display & packaging, and protective solutions. The consumer packaging segment accounted for 45.9% of total revenue in 2020, while the paper & industrial converted products segment accounted for 35.8% of total revenue in 2020. The protective solutions segment accounted for 9.2% of total revenue in 2020, which includes the product line for insulated shippers market. The Sonoco ThermoSafe division offers insulated products, including a wide range of insulated containers for the safe storage and delivery of temperature-sensitive products. These containers are available in various sizes of EPS (Expanded Polystyrene), Fiberboard, PUR (Polyurethane), and VIP (Vacuum Insulated Panel) insulated containers. Sonoco Products Company has a strong presence in North America, especially in the U.S., which generated approximately 70% of the company’s global revenue in 2020. The company also has a significant presence in Europe and other regions. As of December 2020, it had 20,000 employees across the globe

• Sealed Air - Sealed Air is a public company that manufactures food, consumer care, and other packaging solutions. Established in 1960, the company is headquartered in Charlotte, North Carolina, U.S., and is listed on the New York Stock Exchange under the trade name SEE. Sealed Air operates through two business segments: food and protective. The food segment accounted for 57.6% of total revenue in 2020, serving perishable food processors in fresh red meat, smoked, and processed meats, poultry, and dairy markets worldwide. The protective segment accounted for 42.4% of total revenue in 2020, offering packaging solutions such as automated packaging systems, postal solutions, surface protection, void fill solutions, blocking and bracing, cushioning solutions, and temperature-controlled solutions. The temperature-controlled solutions category offers insulated packaging products such as TempGuard, TempSheild, and vacuum insulation panels. Sealed Air has a presence in over 124 countries across the globe and has facilities in 47 countries, as of 2020. Sealed Air is committed to sustainability and has made significant strides in reducing its environmental impact.

• FEURER Group GmbH - FEURER Group GmbH is a private company that manufactures protective packaging products. The company was founded in 2004 and is headquartered in Brackenheim, Germany. FEURER Group has divided its offerings into five distinct divisions: co-packing, molded parts, insulated containers, load carriers, and packaging. The co-packing division offers complete packaging solutions for consumer products, while the molded parts division includes automobile parts made from EPP or EPS. The load carriers division provides load carriers for internal material handling, and the packaging division comprises packaging products for various consumer goods. The company’s insulated containers division includes a portfolio for the insulated shippers market, which includes thermal boxes made of EPP for the transport of food products such as fish, meat, salad, and ice-cream. Its insulated containers are primarily used by gastronomy, catering, delivery service, food trade, and private households, and its insulated products are sold under the KÄNGABOX brand.

• Sancell - Sancell is an Australia-based manufacturer of protective packaging products, founded in 1988 and headquartered in Melbourne, Australia. The company’s product portfolio includes a wide range of protective packaging solutions, such as Protecta Chill Gel Packs, Recovery Bubble Rolls, Sancell bubble rolls, Sancell PE Foam Wrap, freight & surface protection, armor padded mailer bags, bubble bags & bubble tube, cold chain solutions, specialty products, and custom solutions. Sancell’s insulated shippers offerings comprise insulated bubble bags, insulated carton liners, gel packs, and gel packs with a bubble barrier, primarily used for packaging perishable products such as food items. The company’s products find application in categories including packaging & protection, surface protection, shipping solutions (general), and shipping solutions (perishable & pharmaceuticals). Sancell has a strong presence in Australia and offers its packaging solutions in the Asia Pacific region.

• The Wool Packaging Company Limited - The Wool Packaging Company Limited is a UK-based manufacturer of protective packaging products, founded in 2008 and headquartered in Staffordshire, UK. The company primarily offers its insulated shippers products to the food and pharmaceutical industries. Its product portfolio for both industries includes insulated box sets, fleece liners, insulated pouches, insulated envelopes, blockers, and insulated carriers. The company supplies tailor-made insulated shippers solutions as per end-user requirements. Majority of its insulated shipper products are made from wool, while a few products such as insulated pouches are made from recyclable LDPE. Its end users include various food and pharmaceutical companies. Woolcool’s insulated packaging solutions are naturally sustainable, using 100% pure wool, and are trusted across the sector to consistently deliver.

• Cool Pac - Cool Pac is a cold chain solution provider in Australia, offering various insulated packaging solutions for the food and pharmaceutical industries. The company’s product categories include CoolPacs, CoolESP Boxes, NanoCool, and Olivo, which are used for applications such as pharmaceutical packaging, blood transport, supermarkets, food transport, and biological substance packaging. In addition to insulated packaging products, Cool Pac also provides temperature monitoring products and services for cold chains, including temperature loggers, thermal dots and monitors, and temperature mapping kits. The company’s services portfolio encompasses temperature mapping for warehouses, cold chain qualification and testing, equipment validation, and calibration services. Cool Pac is known for its expertise in pharmaceutical cold chain packaging and temperature mapping in Australia, offering custom-built temperature testing facilities to maintain product temperatures along the cold chain.

• Cascades, Inc. - Cascades, Inc. is a public company founded in 1957 and headquartered in Québec, Canada. The company is listed on the Toronto Stock Exchange under the trade name CAS. Cascades operates through its four business units, namely containerboard, boxboard Europe, specialty products, and tissue paper. Its products are further divided into four divisions including recovery, paper, packaging, and consumer tissues. The packaging division includes insulated shipping containers, known as Thermafresh containers, which are used for the packaging of food products. Cascades has a significant presence in Canada, the U.S., and Europe. As of 2019, it had 11,700 employees across the world. The company meets converting needs with its comprehensive containerboard, hygiene, and recovery solutions. They are committed to sustainability and has set new sustainable development targets, reaffirming its ability to think big, do more, and bring the circular economy to life.

• ICEE Insulated Folding Boxes - ICEE Insulated Folding Boxes is an insulated shippers products manufacturer in Australia. The company is headquartered in Tullamarine, Australia, and operates as a private company. ICEE Insulated Folding Boxes primarily manufactures insulated shipper products from EPP material. The company offers three types of boxes for the insulated shippers market, namely airpop, compostable box option, and ultra-tough box option. ICEE Insulated Folding Boxes primarily supplies its products in Australia. However, it also offers a license to global molders for producing its packaging solutions in order to cater to respective domestic customers.

• Dinkhauser Kartonagen GmbH - Dinkhauser Kartonagen GmbH is a private packaging company founded in 1848 and headquartered in Tirol, Austria. The Kartonagen group owns five companies, including Dinkhauser Kartonagen GmbH, packit! Verpackungen GmbH, Dinkhauser Kartonagen-Vertriebs GmbH, Aristos Druckzentrum GmbH, and Dinkhauser Kartonagen Swiss AG. Among these, Dinkhauser Kartonagen GmbH offers insulated shippers solutions mainly for the food industry. The company’s product offerings include offset-laminated packaging, displays, e-commerce packaging, twin secure board, exclusive boxes, and others. Its insulated shipper products are sold under the brand name "foodmailer." Dinkhauser Kartonagen GmbH mainly caters to Austria, Germany, and Switzerland. The growing need to ship a variety of perishable food products could propel the insulated shippers market forward. The market is driven by rising demand for packaging refrigerants, contributing to the growth of the global insulated shippers market.

• TemperPack - TemperPack, based in the U.S., designs and manufactures insulated packaging solutions for temperature-sensitive goods. The company’s portfolio includes ClimaCell, a paper used in cardboard boxes as an insulating material. Their packaging products are used for shipping meal kits, sensitive medicines and specimens, prepared meals, seafood, meats, and desserts. The company caters to the food, pharmaceutical, and e-commerce industries, primarily in the U.S. TemperPack’s ClimaCell thermal liners are made with plant-based materials, are curbside recyclable, and offer thermal performance on par with expanded polystyrene foam. The company’s ready-engineered solutions are designed to make it easy for customers to transition away from Styrofoam, whether they’re shipping frozen, 2°C–8°C, or CRT products.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Insulated Shippers Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Insulated Shippers Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.