The global insulated bags market is segmented by material type into pet, fabric, nonwovens, polyethylene, polyurethane, gel packs; by end-user industries into industrial, pharmaceutical, food and beverages and others and by regions. As per FICCI data, current per capita consumption of plastics in the U.S. is 109 kg, China is 38 kg and India is 11 kg which is a highly used raw material in insulated bags market thus, itis anticipated to mark a CAGR of 5.8%during the forecast period i.e. 2018-2027.
Currently the global insulated bags market is observing a vibrant growth owing to increasing demand from food and pharmaceutical industries. Advancement in food packaging industry for maintaining hygiene and food integrity is projected to drive the insulated bags market. The high application of insulated bags in a varied range of applications such as packaging of food and pharmaceuticals in order to retain the internal food temperature during the forecast period. The pharmaceutical sector is also involved in high usage of insulated bag for transfer of medications, storage of special vaccines and injections. This stipulates the market growth of the insulated bags during the forecast period.
North America is expected to lead the insulated bags market during the forecast period on the account of increasing disposable income of population. Europe is expected to raise its demands positively and enlarge the insulated bags market over the forecast period on the account of increasing applications in food and pharmaceutical industries. In Asia Pacific region, China is expected to contribute maximum market share on the account of increasing population and rising demand for preserved food and medications.
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Steady Application in Food Industry
Insulated bags are used for packaging of food items such as ready to eat food items which are very highly sensitive to spoilage, thermal packing. Insulated bags are used for maintain hygiene, spill proof and maintaining internal temperature. This increases the demand for the insulated bags market globally. The market growth of the insulated bags is influenced by the various properties associated with it. Additional, these bags can protect from spillage and preserve product specifications. The various properties associated with insulated bags such as transport friendly, temperature, light and shock resistance contribute to the significant growth of the insulated bags during the forecast period.
However, high cost associated with the insulated bags inhibit the market growth of the insulated bags across the globe.
The report titled “Global Insulated Bags Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Insulated Bags market in terms of market segmentation by material type, end-user industries and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global insulated bags market which includes company profiling of Coleman, Wildkin, Everest, Arctic Ice, Engel, Arctic Zone, Mammoth, Green Bag America, Dometic, Xiamen Ason Products Co. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global insulated bags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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