Global Insulated Bags Market by material type (PET, Fabric, Nonwovens, Polyethylene, Polyurethane, Gel packs), by end use industry (Industrial, Pharmaceutical, Food & Beverages, and Others), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Insulated Bags Market was valued at US$ 11.1 Bn in 2019 and is expected to reach US$ 18.7 Bn by 2027, at a CAGR of 6.74% during a forecast period.
Insulated bags have properties such as strength, durability, heat resistant, moisture and light is driving the market growth in a positive way across the globe. The growing usage of insulated bags for food delivery, packaged food items, and preserving food items coupled with high disposable income of the consumers is booming the market growth of the insulated bags across the globe. In addition, growing urbanization, changing living standards, and increasing disposable incomes in developing countries are expected to boost the global insulated bags market growth in a positive way. The rising popularity of insulated bags among consumers is driving the market growth in the forecast period. Insulated bags can maintain the temperature of the food items, which is boosting the global insulated bags market growth in a positive way and at the same time high cost of product will hamper the global insulated bags market growth in the forecast period.
The food & beverages segment is leading the insulated bags market.
The food & beverages is expected to hold the largest share in the global insulated bags market during the forecast period. Growing applications of insulated bags in food industry such as food delivery, packaged food items, and preserving food items, which is driving the global insulated bags market growth in a positive way. Rising demand for food is also estimated to boost the global insulated bags market growth in the future. Pharmaceutical segment is expected to generate the highest CAGR in the global insulated bags market during the forecast period due to rising demand for pharmaceutical products in developing countries.
The North America is the leading regional market for insulated bags market.
The North America is estimated to hold the largest share in the global insulated bags market during the forecast period owing to increasing food delivering and packaging services in this region. Growing innovations are also expected to surge the global insulated bags market growth in this region. The Asia Pacific is expected to generate the highest CAGR in the global insulated bags market during the forecast period. India and China are projected to lead the market growth in this region owing to rising population growth and increasing demand for pharmaceutical and food products. In addition, growing urbanization and industrialization in these countries is also estimated to boost the market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Coleman, Wildkin, Everest, Arctic Ice, Engel, Arctic Zone, Mammoth, Green Bag America, Dometic, Xiamen Ason Products Co. Ltd, Carrycool Enterprise, and American Bag Company.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the insulated bags market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Insulated bags market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Insulated bags market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Global Insulated Bags Market”.
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