Insulated Packaging Market - Size and Key Trends in terms of volume and value 2016-2023
Insulation material is defined as a material or combination of different materials having low thermal conductivity to resist the flow of heat. Thermal abuse is the major concern faced during the transportation of temperature sensible products; hence, most of the major industries such as food and beverages, pharmaceutical, healthcare, chemicals, cosmetics, etc., depend heavily on insulated materials for packaging.
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High disposable income and increasing healthcare awareness among consumers has led to the rise in global demand for Fast Moving Consumer Goods (FMCG) and product safety, thereby driving the market growth further.
Owing to its value added applications in industries such as healthcare and food & beverages, the market for fresh food packaging is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focus more on delivering the product intact in the local market.
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