According to a new research report by Global Market Insights, Inc. North America Insulated Packaging Market size is set to exceed USD 3 billion by 2025.
According to the Packaging Machinery Manufacturers Institute (PMMI), the U.S. food packaging sector is forecast to witness a steady pace of growth over the forthcoming years. The country’s food-contact packaging sector is highly regulated by the Food and Drug Administration (FDA). With food being one of the most sensitive products to transfer and store, the regulations are expected to promote adoption of insulated packaging such as insulated food bags considerably.
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PMMI anticipates that meat, meat-related products, processed snack foods, pet food, and food & vegetables would be the most innovative food & beverages industry segments in coming years. Among the aforementioned segments, snack foods, meat, and meat related products are anticipated to outperform others. This growth is being attributed to increasing consumer demand with respect to convenience options and portion control.
In North America Insulated Packaging Market segments where food products need to be effectively packaged over long periods, these growing demands would open up new opportunities for North America insulated packaging industry players.
Owing to environmental concerns, pet food and snack foods segments, which use conventional plastic packaging, are seeking new packaging solutions that are biodegradable and recyclable. The necessity for a recyclable, biodegradable, printable, and food-safe material could lead these segments to flexible insulated packaging for a solution, boosting insulated packaging market share further.
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Changing preferences are giving rise to the adoption of locally-produced, organic, natural or artisanal products, transforming product segments such as skincare. To keep up with this shift, popular beauty and skincare products no longer depend on synthetic ingredients.
In the category of clean, natural, and even food-standard beauty & skincare products, industry players are seeking out alternate means to extend the shelf-life of their products. The insulated packaging industry is expected to leverage its capabilities to address these cosmetics industry demands.
North America’s integral contribution towards the growth of the cosmetics industry presents a lucrative growth opportunity to the insulated packaging industry. With cosmetics industry demands projected to grow steadily through non-synthetic products, the North America insulated packaging market share is slated record remarkable growth over forecast timeframe.
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Overall, attributing to changing packaging demands in the food & beverages industry along with shifting consumer preferences toward cosmetics products, insulated packaging adoption is slated to experience a sizable boost in coming years. A research report by Global Market Insights, Inc., estimates that the North America insulated packaging market valuation would surpass a valuation of $3 billion by 2025.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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