Insulated Shipping Container Demand to Grow 4.7 Percent Annually
Thursday, December 28th, 2017 | 978 Views
Sales of meal kits and other perishable food and beverage products will boost gains in the Insulated Shipping Container Demand to Grow 4.7 Percent Annually market globally, according to market intelligence company The Freedonia Group.
Demand for Insulated Shipping Container Demand to Grow 4.7 Percent Annually is projected to increase to reach US$1 billion in 2021.
The growing market for home-delivered meals, recipe kits, and groceries will contribute to demand for insulated containers because many of these products have fresh and frozen goods that must be insulated during the shipping process. Additionally, these items might be left outdoors during the day until the intended recipient comes home.
Insulated Shipping Container are just one type of protective packaging. Ongoing growth in retail e-commerce will be the primary driver of gains, but manufacturing applications will also continue to offer growth opportunities in the market.
The ongoing expansion of product and service offerings from online retailers coupled with the extension of e-commerce footprints by traditional retailers will create a proliferation of shipments in need of cushioning or other protective functions.