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Global Isothermal Packaging market will reach 6290 million US$ by the end of 2025
Global Isothermal Packaging market will reach 6290 million US$ by the end of 2025
Publisher: QYResearch
Published Date: 2018/11/15
Isothermal packaging is an innovative insulated packaging used for the transportation of goods at controlled temperatures. It finds extensive application in the food and pharmaceutical industries as it efficiently preserves the products from thermal and physical shocks. Most pathogens cannot survive at sub-zero temperatures.
Therefore, freezing food reduces the chances of microbes invading it. Isothermal packaging is a packaging solution for frozen food and protects the products for long periods, keeping it fit for consumption as per the convenience of the consumer.
The growing population and change in the taste and preferences of the consumers have led to the increase in the demand for frozen food. As most pathogens cannot survive at sub-zero temperatures, freezing food reduces the chances of microbes invading it. Therefore, frozen food can be stored in isothermal packaging for long periods of time and remains fit to be consumed at the convenience of the user.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The global Isothermal Packaging market is valued at 4250 million US$ in 2017 and will reach 6290 million US$ by the end of 2025, growing at a CAGR of 5.0% during 2018-2025.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-11-14 22:35:03
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- Item ID: 14992423