Global market for insulated packaging 2015-2022

According to a new report by Stratistics MRC, the global insulated packaging market is estimated to be $11.2 million in 2015 and is expected to reach $15.9 million by 2022 growing at a CAGR of 5.07%. Improved financial surroundings, growing urban population and expansion in the food & beverages sector are the some of the key factors driving the market growth. Increase in raw material cost and stringent government regulations are the factors hindering the market.
Europe accounted the second-largest market and is anticipated to be the highest growing market for insulated packaging during the forecast period. Food & beverages is the fastest growing packaging application.
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