Mexico Insulated Shippers Market Size & Outlook, 2023-2028
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Mexico insulated shippers market highlights
- The Mexico insulated shippers market generated a revenue of USD 237.8 million in 2023 and is expected to reach USD 383.7 million by 2028.
- The Mexico market is expected to grow at a CAGR of 10% from 2024 to 2028.
- In terms of segment, eps was the largest revenue generating material in 2023.
- Biodegradables is the most lucrative material segment registering the fastest growth during the forecast period.
Insulated shippers market data book summary
| Market revenue in 2023 | USD 237.8 million |
| Market revenue in 2028 | USD 383.7 million |
| Growth rate | 10% (CAGR from 2023 to 2028) |
| Largest segment | Eps |
| Fastest growing segment | Biodegradables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paper-based, Wool, EPS, EPP, Polyurethane, Metalized Bubble Wrap, Vacuum Insulated Panels, Biodegradables |
| Key market players worldwide | Sonoco Products Co, Sealed Air Corp, Cascades Inc, ICEE Containers Pty Ltd, Knauf, CSafe Global, Shiseido Co Ltd, Cryopak |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.7% of the global insulated shippers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. insulated shippers market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 905.3 million by 2028.
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Insulated Shippers Market Scope
Insulated Shippers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cascades Inc | View profile | 10000 | 404, Rue Marie-Victorin Boulevard, C.P. 30, Kingsey Falls, QC, Canada, J0A 1B0 | https://www.cascades.com |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| ICEE Containers Pty Ltd | View profile | - | Tullamarine, Victoria, Australia, Oceania | http://www.iceefoldingbox.com |
| CSafe Global | View profile | 101-250 | Dayton, Ohio, United States, North America | http://csafeglobal.com |
| Cryopak | View profile | 101-250 | Edison, New Jersey, United States, North America | https://www.cryopak.com/ |
| Sealed Air Corp | View profile | 17000 | 2415 Cascade Pointe Boulevard, Charlotte, NC, United States, 28208 | https://www.sealedair.com |
| Shiseido Co Ltd | View profile | 35859 | 5-5 Ginza 7-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.shiseido.co.jp |
| Sonoco Products Co | View profile | 23000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | http://www.sonoco.com |
Mexico insulated shippers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulated shippers market will help companies and investors design strategic landscapes.
Eps was the largest segment with a revenue share of 21.61% in 2023. Horizon Databook has segmented the Mexico insulated shippers market based on paper-based, wool, eps, epp, polyurethane, metalized bubble wrap, vacuum insulated panels, biodegradables covering the revenue growth of each sub-segment from 2018 to 2028.
Mexico is a major developing market for insulated shippers owing to the increasing population and income levels of consumers who demand sustainable packaging solutions from end-use industries such as pharmaceuticals, life sciences, and agriculture. Mexico is one of the emerging economies and a manufacturing and export hub.
Government initiatives such as exemption from the payment of general import tax & value-added tax, reduced municipal service payment fees, and exemption from payroll tax for 1-5 years for new projects to attract more manufacturers are expected to augment the demand for insulated shippers.
Strong demand for insulated shippers from leading pharmaceutical producers like Sanofi, Bayer, Novartis Pfizer, and PiSA and the outbreak of COVID-19 are expected to drive the demand for insulated shippers in the country.
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Our clientele includes a mix of insulated shippers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico insulated shippers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico insulated shippers market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico insulated shippers market size, by material, 2018-2028 (US$M)
Mexico Insulated Shippers Market Outlook Share, 2023 & 2028 (US$M)
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