ACCESS Newswire
24 Feb 2021, 18:31 GMT+10
Food and beverage delivery and pharmaceuticals require such pre-requisites to guarantee that the consistency of manufactured products remains intact. This has increased the need for durable packaging solutions for thermal insulation
DUBAI, UAE / ACCESSWIRE / February 24, 2021 / FMI states in its recent study on the thermal-insulation packaging market that the market will record a CAGR of 17.3% through 2030. Demand for thermal label packaging is anticipated to continue surging particularly due to the Increasing focus on regulatory enforcement by suppliers of food and pharmaceutical products.
'advent of novel technologies will enhance the security and transparency, allowing manufacturers or suppliers to take immediate action to prevent excursion due to compromise with package integrity, delays or tampering.' says the FMI analyst.
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Thermal label packaging Market - Important Highlights
Thermal label packaging Market - Drivers
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Thermal label packaging Market - Restraints
COVID-19 Impact on Thermal label packaging Market
The thermal label packaging market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. With a shift in consumers' preference increasingly focusing on cleaner ingredients, while the demand for packaged food is growing, the supply chains have been disrupted very badly. Although the COVID-19 epidemic caused major disruptions, because of the rising need for thermal insulation packaging solutions, the industry is expected to gain traction after the pandemic. In the pharmaceutical industry, this is particularly relevant. For medical items such as test kits and vaccine distribution and shipping, thermal insulation wrapping can be increasingly used. The need for more efficient thermal insulation packaging solutions is growing with the production of drugs for the care of patients, as temperature regulation determines the safety and consistency of the drugs.
Competitive Landscape
The thermal label packaging market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. With IoT, problems with cold chain tracking systems can be treated without any delay. Orion r®, which is a temperature-controlled box rental service, was introduced by Sonoco ThermoSafe. It will also provide optional onboard telemetry, which provides biopharmaceutical clients with access to cloud-based temperatures. This boosts visibility and assures the consistency of the items.
A few of the key companies functioning in the global market include Emball'ISO, Sonoco ThermoSafe, Pelican Products, Inc., Cold Chain Technologies, Inc., Sofrigam SAS, CSafe Global, LLC, Insulated Products Corporation
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About the Study
The study offers readers a comprehensive assessment of the thermal label packaging market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on packaging type (passive, active, cold storage), insulation model (EPS, PUR, VIP, PCM), application (food and beverage, pharmaceuticals) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/thermal-insulation-packaging-market
Press Release Source: https://www.futuremarketinsights.com/press-release/thermal-insulation-packaging-market
SOURCE: Future Market Insights
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