Saudi Arabia Insulated Shippers Market Size & Outlook
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Saudi Arabia insulated shippers market highlights
- The Saudi Arabia insulated shippers market generated a revenue of USD 153.6 million in 2023 and is expected to reach USD 241.2 million by 2028.
- The Saudi Arabia market is expected to grow at a CAGR of 9.4% 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 153.6 million |
| Market revenue in 2028 | USD 241.2 million |
| Growth rate | 9.4% (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, Saudi Arabia accounted for 1.8% 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 Middle East & Africa, Saudi Arabia insulated shippers market is projected to lead the regional market in terms of revenue in 2028.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 241.2 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 |
Saudi Arabia 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 21.42% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Strong demand from end-use industries like food, meat, and pharmaceutical is expected to drive the demand for insulated shippers in the country. Shifting trends toward sustainable, recyclable, and ecofriendly packaging solutions are also expected to increase the demand for wool, biodegradables, and paper-based insulated shippers.
Shifting trends favoring multiple use insulated shippers by pharmaceutical, meat, fish, and food industries are expected to drive product demand in the country. Although, it holds a significant amount of market share owing to its low cost. Additional cost for disposing off single-use shippers owing to stringent government policies is expected to affect the demand in the coming years.
The pharmaceutical industry is expected to witness a higher growth rate owing to increasing government spending on health programs in the country. Also, the COVID-19 outbreak has given an additional boost to the life sciences segment and the home delivery of groceries, meat, and other products.
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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 Saudi Arabia insulated shippers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia insulated shippers market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Saudi Arabia insulated shippers market size, by material, 2018-2028 (US$M)
Saudi Arabia Insulated Shippers Market Outlook Share, 2023 & 2028 (US$M)
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