North America Insulated Shipping Containers Market Size (2024 - 2029)

The North America Insulated Shipping Container Market is experiencing growth driven by the increasing need for temperature-controlled transportation of perishable goods such as food, beverages, and pharmaceuticals. Insulated containers play a crucial role in maintaining product integrity by protecting against extreme temperature fluctuations and moisture, which is essential for items like vaccines and medicines that require strict temperature control. The market's expansion is further supported by the demand for frozen goods and the regulatory requirements governing the transportation of pharmaceuticals. Despite environmental concerns over materials like polystyrene foam, which are banned in several regions, the need for effective insulation in shipping containers continues to propel market growth.

Market Size of North America Insulated Shipping Containers Industry

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North America Insulated Shipping Containers Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.74 Billion
Market Size (2029) USD 2.37 Billion
CAGR (2024 - 2029) 6.46 %
Market Concentration Low

Major Players

North America Insulated Shipping Containers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Insulated Shipping Containers Market Analysis

The North America Insulated Shipping Containers Market size is estimated at USD 1.74 billion in 2024, and is expected to reach USD 2.37 billion by 2029, growing at a CAGR of 6.46% during the forecast period (2024-2029).

  • Storage containers are frequently used to protect against extreme temperature swings by insulating transport containers. Many different kinds of fruits and vegetables are grown utilizing organic methods worldwide. These packing materials are, therefore, widely employed to keep fruit fresh during transportation.
  • To protect from infection, products such as chemicals, medicines, fresh vegetables, beverages, and frozen goods require precise temperature control. As the air entering and leaving the containers must be filtered, insulation plays a significant role. It maintains the condition of the conveyed products by completely closing off a shipping container from the outside.
  • Thermal packing insulated shipping container liner kits are the most economical way to protect products in storage since they are made to lower the risk of moisture considerably. Perishable commodities that must be mandatorily transported at steady temperatures, such as food, beverages, and medicines, can also be preserved using liners.
  • Expanded polystyrene (EPS) containers are among the most frequently used insulated transportation containers in the food and pharmaceutical industries. EPS coolers provide several benefits, including thermal insulation, being lightweight, and being affordable. Due to their negative environmental effects and lack of biodegradability, polystyrene foam products are prohibited in over 100 counties across the United States, including New York, Los Angeles, Washington, DC, and Portland.
  • The environment in which medicine is kept significantly impacts how quickly it changes temperature. When left unprotected and exposed to heat or cold, a vaccination can leave the necessary temperature range within a short period, thereby disrupting its efficacy. Because of such factors, the usage of insulated shipping containers is fueling market expansion.
  • Warehouses across the market are increasingly stocking a substantial volume of chilled food products. Notably, the US Department of Agriculture recently highlighted a significant inventory of frozen vegetables across US warehouses, closely trailed by dairy products and frozen potatoes. This surge in inventory is poised to drive up the demand for insulated shipping containers over the forecast period.
  • Due to the COVID-19 pandemic, high-quality cold transport containers emerged as a vital component in the transportation of pharmaceuticals, guaranteeing that pharmaceutical companies could overcome the many shipping obstacles since container makers abide by stringent regulatory standards for the benefit of the general population. The US Food and Drug Administration and other regulatory authorities have strict rules governing pharmaceutical substances, goods, and the containers used to carry them.

North America Insulated Shipping Containers Industry Segmentation

Insulated containers, utilized across various industries, play a crucial role in preserving the temperature of their contents and shielding them from external weather conditions. These containers are especially vital in the transportation of fragile, perishable goods, forming an integral part of the cold chain. Their primary functions include halting germ proliferation, extending storage durations, and facilitating the local transport of temperature-sensitive items.

The North American insulated shipping container market is segmented by material type (expanded polystyrene, polyurethane foam, expanded polypropylene, and other material types), end-user application (pre-cooked food and frozen food, life sciences and pharmaceutical, fresh meat, fresh produce, bakery, plants, and flowers, and other end-user applications), and country (the United States and Canada). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Material Type
Expanded Polystyrene (EPS)
Polyurethane Foam (PU)
Expanded Polypropylene (EPP)
Other Material Types
By End-user Application
Pre-cooked Food and Frozen Food
Life Sciences and Pharmaceutical
Fresh Meat
Fresh Produce
Bakery, Plants, and Flowers
Other End-user Applications (Cosmetics, Wine, and Other Beverages)
By Country
United States
Canada
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North America Insulated Shipping Containers Market Size Summary

The North America insulated shipping container market is poised for significant growth, driven by the increasing need for temperature-sensitive transportation solutions across various industries. Insulated shipping containers play a crucial role in maintaining the integrity of perishable goods, including pharmaceuticals, food, and beverages, by providing thermal protection and moisture control. The market is characterized by the widespread use of materials like expanded polystyrene (EPS) due to their lightweight and cost-effective properties, despite environmental concerns leading to restrictions in certain regions. The demand for these containers is further bolstered by the stringent regulatory standards governing the transportation of pharmaceuticals and the growing e-commerce sector, which necessitates reliable cold chain logistics.

The market landscape in North America is competitive and slightly fragmented, with numerous players such as Polar Tech Industries, Sonoco Thermosafe, and TemperPack contributing to the industry's dynamism. Recent developments, including strategic acquisitions and expansions, highlight the industry's focus on sustainable and innovative packaging solutions. The United States, in particular, stands out as a key market due to its robust pharmaceutical and food industries, alongside a thriving export trade. The ongoing investments in production facilities and technological advancements are expected to enhance the market's capacity and efficiency, catering to the rising demand for insulated shipping containers in the region.

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North America Insulated Shipping Containers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Expanded Polystyrene (EPS)

      2. 2.1.2 Polyurethane Foam (PU)

      3. 2.1.3 Expanded Polypropylene (EPP)

      4. 2.1.4 Other Material Types

    2. 2.2 By End-user Application

      1. 2.2.1 Pre-cooked Food and Frozen Food

      2. 2.2.2 Life Sciences and Pharmaceutical

      3. 2.2.3 Fresh Meat

      4. 2.2.4 Fresh Produce

      5. 2.2.5 Bakery, Plants, and Flowers

      6. 2.2.6 Other End-user Applications (Cosmetics, Wine, and Other Beverages)

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Insulated Shipping Containers Market Size FAQs

The North America Insulated Shipping Containers Market size is expected to reach USD 1.74 billion in 2024 and grow at a CAGR of 6.46% to reach USD 2.37 billion by 2029.

In 2024, the North America Insulated Shipping Containers Market size is expected to reach USD 1.74 billion.

North America Insulated Shipping Container Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)