The thermal pallet covers market was valued at US$ 4,148.15 million in 2020 and is projected to reach US$ 10,469.73 million by 2028; it is expected to grow at a CAGR of 12.5% from 2021 to 2028.
Thermal pallet covers safeguard temperature-sensitive goods from the effects of harsh weather and decrease the risk of excursions. The heat transmission from the environment to a product can be slowed by using thermal pallet covers. The ability of the covers to reflect heat and reduce moisture content inside aids in extending the time it takes for the product mass to lose its warmth. They help maintain the ambient temperature of goods in transit and protect the temperature-sensitive products from small temperature spikes that can occur during loading and unloading, cross docking, and warehousing and packaging. Growing demand from various application segments, such as pharmaceuticals, food & beverage, and chemicals, is one of the key factors driving the growth of the thermal pallet covers market. Moreover, the rapid growth of shipping and logistics industry is projected to propel demand for thermal pallet covers in the coming years.
In 2020, Asia-Pacific held the largest share in the thermal pallet covers market. However, North America is expected to register the highest CAGR during the forecast period. North America largely supports the market growth through effective manufacturing and trade policies. The accelerated growth of the food & beverage industry in the region is anticipated to drive the demand for the thermal pallet covers in the coming years since the covers are highly utilized while transporting food and beverage products. According to the US Department of Agriculture, food & beverage, agriculture, and other related sectors contributed $1.109 trillion to the US GDP in 2020, a 5.2% share. With a 13% share, the food & beverage sector ranked third behind housing and transportation sectors among the expenditures of the average American household in 2020. Also, the increasing demand for damage-free packaging, especially in the food & beverage sector, and the presence of prominent market players in North America are anticipated to drive the market growth in the region during the forecast period. Mettcover is offering 15+ varieties in 100+ sizes of thermal pallet cover across this region. A few products such as Mettcover EX900M, Mettcover EX800M, Mettcover EX700M, and Mettcover EX300M are quite famous in North America.
The COVID-19 pandemic has drastically affected the manufacturing industries in terms of operational efficiency owing to many factors such as extended lockdowns across different regions, restrictions on international trades, shutdown of manufacturing units, travel bans, disruptions in supply chain, and shortage in the supply of raw materials. The pandemic had a direct negative impact on logistics companies that deal with the movement, storage, and flow of goods. Logistics companies engaged with industries, such as automobile, electronics, medicines, medical equipment and supplies, and consumer items, are among adversely affected companies across the world. Ocean freight, land freight, and air freight recorded weak demand leading to slow operations and losses. However, growing demand for pharmaceutical products especially medicines and drugs owing to the COVID-19 outbreak is driving the demand for thermal pallet covers from the pharmaceutical industry. Businesses are resuming as most of the countries are easing previously imposed restrictions. Moreover, the introduction of COVID-19 vaccines by governments of countries has eased out the situation leading to rise in business activities across the world. Moreover, logistics companies involved in the transportation of vaccines are among the key consumers of thermal pallet cover as the vaccines are temperature sensitive and require ambient atmospheres for its storage. Thus, this factor is significantly boosting the market growth. The pandemic has spurred the development of the e-commerce industry. The e-commerce industry has significantly contributed to the revival of logistics operations, which, in turn, is expected to positively impact the growth of the thermal pallet covers market in the forthcoming years. Furthermore, rising demand for essential food products would propel the market growth during the forecast period. The COVID-19 pandemic had a severe impact on the thermal pallet covers market during the initial phase. However, the market is expected to gain a significant growth in the coming years.
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Thermal Pallet Covers Market: Strategic Insights
Market Size Value in US$ 4,148.15 Million in 2020 Market Size Value by US$ 10,469.73 Million by 2028 Growth rate CAGR of 12.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2020
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Thermal Pallet Covers Market: Strategic Insights
| Market Size Value in | US$ 4,148.15 Million in 2020 |
| Market Size Value by | US$ 10,469.73 Million by 2028 |
| Growth rate | CAGR of 12.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2020 |
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Market Insights
Increasing Benefits of Using Thermal Pallet Covers in Logistics Services
Increasing Benefits of Using Thermal Pallet Covers in Logistics Services
Thermal pallet covers protect temperature-sensitive products from extreme weather conditions and limit the risk of excursions. Time delays and temperature changes are worst issues that can be faced during supply chain activities. Customers can request remuneration or a replacement shipment if the logistics service providers fail to supply temperature-controlled shipments. The cost of replacement can be thousands of dollars. In addition, it may hamper the reputation of an organization as well as lead to client dissatisfaction. However, thermal pallet covers provide high-performance insulation and thermal protection for freight transported by all transportation modes, such as land, air, and water. The covers keep temperature-sensitive products safe and in compliance with the label claims for the duration of their transit. Thermal pallet cover is a more cost-effective solution for logistics companies than other insulation methods, such as refrigerated trucking. The covers are also convenient and reusable, and they fit to various shipment sizes, which makes them flexible. Additionally, thermal pallet covers protect the temperature-sensitive products from small temperature excursions that can occur during loading and unloading, cross docking, and even the most demanding transit conditions. Thus, the numerous benefits of using thermal pallet covers in logistics services are driving the growth of the thermal pallet covers market.
Application Insights
Based on application, the thermal pallet covers market is segmented into pharmaceutical, food & beverages, chemical, and others. The food & beverages segment led the market with the largest share in 2020. The thermal pallet covers are extremely popular in the food & beverage industry. Customers return shipments to a manufacturer if the food gets spoiled during transportation, which can cause significant loss to manufacturer. The use of thermal pallet covers helps avoid this type of loss. Packaged salads; bakery, confectionery, and dairy products; meat and seafood; and sauces, dips, and dressing items require specific handling in transit to maintain their freshness. Thus, thermal pallet covers are preferred by most food processing industries due to their benefits such as being exceptionally space-efficient, puncture-resistant, protection against cold and heat, and easy to use. As the products are well protected during transportation, the chances of damage significantly decrease, which is financially beneficial for manufacturers. With all the added benefits, thermal pallet covers can confirm to be very profitable to businesses in many food & beverage industries.
A few key players operating in the thermal pallet covers market are CargoWise Solutions Limited, QProducts & Services, Insulated Products Corporation, Protek Cargo, ECEPLAST, PAC Worldwide Corporation, TP Solutions, ECOCOOL, Softbox, Nordic Cold Chain Solutions, TLX Cargo, Krautz TEMAX, and Cold Chain Technologies, Inc. Major players in the market adopt strategies such as mergers and acquisitions and product launches to increase their geographical presence and consumer base in North America and South America.
Report Spotlights
- Progressive industry trends in the thermal pallet covers market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the thermal pallet covers market from 2017 to 2028
- Estimation of the demand for thermal pallet covers across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for thermal pallet covers
- Market trends and outlook coupled with factors driving and restraining the growth of the thermal pallet covers market
- Decision-making process by understanding strategies that underpin commercial interest with regard to thermal pallet covers market growth
- Thermal pallet covers market size at various nodes of market
- Detailed overview and segmentation of the thermal pallet covers market as well as its dynamics in the industry
- Thermal pallet covers market size in various regions with promising growth opportunities
Thermal Pallet Covers Market Report Scope
Thermal Pallet Covers Market, by Application
- Pharmaceutical
- Food & Beverages
- Chemical
- Others
Company Profiles
- CargoWise Solutions Limited
- QProducts & Services
- Insulated Products Corporation
- Protek Cargo
- ECEPLAST
- PAC Worldwide Corporation
- TP Solutions
- ECOCOOL
- Softbox
- Nordic Cold Chain Solutions
- TLX Cargo
- Krautz TEMAX
- Cold Chain Technologies, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The global thermal pallet covers market for pharmaceutical application is highly competitive, owing to the presence of global and regional players. These players are competing with each other based on product quality and product differentiation.
Some of the prominent players operating in the global thermal pallet covers market for pharmaceutical application include ECOCOOL, ECEPLAST, Insulated Products Corporation, PROTEK CARGO, CSafe Global, PAC Worldwide Corporation, Thermal Packaging Solutions, Nordic Cold Chain Solutions, QProducts & Services, and CargoWise Solutions Ltd.
Based on type, the aluminum foil segment held the largest share in 2020. Aluminum foil is laminated over the polyethylene covers, which provides an efficient shield against radiant, conductive, and convective heat transfer, protecting temperature-sensitive cargo from decay.
The global thermal pallet covers market for pharmaceutical application is primarily driven by the growing number of shipments consisting of temperature-sensitive pharmaceutical products coupled with strong growth of the global pharmaceutical industry.
In 2020, North America led the global thermal pallet covers market for pharmaceutical application owing to the significant growth of the region’s pharmaceutical industry coupled with the presence of leading market players operating actively across the region.
Based on geography, Asia Pacific is projected to grow at the fastest CAGR over the forecast period owing to the rapid growth of the pharmaceutical sector across the region, increasing prevalence of chronic illnesses, and rising population.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Thermal Pallet Covers Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Thermal Pallet Covers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand from Various End User Industries
5.1.2 Increasing Benefits of Using Thermal Pallet Covers in Logistics Services
5.2 Restraints
5.2.1 Environmental Impacts of Single-Use Thermal Pallet Covers
5.3 Market Opportunities
5.3.1 Growing Product Innovation and Research & Development Activities
5.4 Future Trend
5.4.1 Emerging Trend of Bio-Based And Recyclable Thermal Pallet Covers
5.5 Impact Analysis of Drivers and Restraints
6. Thermal Pallet Covers – Global Market Analysis
6.1 Thermal Pallet Covers Market Overview
6.2 Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
6.3 Market Positioning – Global Market Players
7. Thermal Pallet Covers Market Analysis – By Application
7.1 Overview
7.2 Thermal Pallet Covers Market, By Application (2020 and 2028)
7.3 Pharmaceutical
7.3.1 Overview
7.3.2 Pharmaceutical: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Food and Beverages
7.4.1 Overview
7.4.2 Food and Beverages: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Chemical
7.5.1 Overview
7.5.2 Chemical: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (US$ Million)
8. Thermal Pallet Covers Market – Geographic Analysis
8.1 Overview
8.2 North America: Thermal Pallet Covers Market
8.2.1 North America: Thermal Pallet Covers Market – Revenue and Forecast to 2028(USD Million)
8.2.2 North America: Thermal Pallet Covers Market, by Application
8.2.3 North America: Thermal Pallet Covers Market, by Key Country
8.2.3.1 US: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.2.3.1.1 US: Thermal Pallet Covers Market, by Application
8.2.3.2 Canada: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.2.3.2.1 Canada: Thermal Pallet Covers Market, by Application
8.2.3.3 Mexico: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.2.3.3.1 Mexico: Thermal Pallet Covers Market, by Application
8.3 Europe: Thermal Pallet Covers Market
8.3.1 Europe: Thermal Pallet Covers Market – Revenue and Forecast to 2028(USD Million)
8.3.2 Europe: Thermal Pallet Covers Market, by Application
8.3.3 Europe: Thermal Pallet Covers Market, by Key Country
8.3.3.1 Germany: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.1.1 Germany: Thermal Pallet Covers Market, by Application
8.3.3.2 France: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.2.1 France: Thermal Pallet Covers Market, by Application
8.3.3.3 Italy: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.3.1 Italy: Thermal Pallet Covers Market, by Application
8.3.3.4 UK: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.4.1 UK: Thermal Pallet Covers Market, by Application
8.3.3.5 Russia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.5.1 Russia: Thermal Pallet Covers Market, by Application
8.3.3.6 Austria: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.6.1 Austria: Thermal Pallet Covers Market, by Application
8.3.3.7 Switzerland: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.7.1 Switzerland: Thermal Pallet Covers Market, by Application
8.3.3.8 Rest of Europe: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.3.3.8.1 Rest of Europe: Thermal Pallet Covers Market, by Application
8.4 Asia Pacific: Thermal Pallet Covers Market
8.4.1 Asia Pacific: Thermal Pallet Covers Market – Revenue and Forecast to 2028(USD Million)
8.4.2 Asia Pacific: Thermal Pallet Covers Market, by Application
8.4.3 Asia Pacific: Thermal Pallet Covers Market, by Key Country
8.4.3.1 Australia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.1.1 Australia: Thermal Pallet Covers Market, by Application
8.4.3.2 China: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.2.1 China: Thermal Pallet Covers Market, by Application
8.4.3.3 Japan: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.3.1 Japan: Thermal Pallet Covers Market, by Application
8.4.3.4 India: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.4.1 India: Thermal Pallet Covers Market, by Application
8.4.3.5 South Korea: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.5.1 South Korea: Thermal Pallet Covers Market, by Application
8.4.3.6 Rest of Asia Pacific: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
8.4.3.6.1 Rest of Asia Pacific: Thermal Pallet Covers Market, by Application
8.5 MEA: Thermal Pallet Covers Market
8.5.1 MEA: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD million)
8.5.2 MEA: Thermal Pallet Covers Market, by Application
8.5.3 MEA: Thermal Pallet Covers Market, by Key Country
8.5.3.1 South Africa: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.5.3.1.1 South Africa: Thermal Pallet Covers Market, by Application
8.5.3.2 Saudi Arabia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.5.3.2.1 Saudi Arabia: Thermal Pallet Covers Market, by Application
8.5.3.3 UAE: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.5.3.3.1 UAE: Thermal Pallet Covers Market, by Application
8.5.3.4 Rest of MEA: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.5.3.4.1 Rest of MEA: Thermal Pallet Covers Market, by Application
8.6 South America: Thermal Pallet Covers Market
8.6.1 South America: Thermal Pallet Covers Market –Revenue and Forecast to 2028(USD million)
8.6.2 South America: Thermal Pallet Covers Market, by Application
8.6.3 South America: Thermal Pallet Covers Market, by Key Country
8.6.3.1 Brazil: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.6.3.1.1 Brazil: Thermal Pallet Covers Market, by Application
8.6.3.2 Argentina: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.6.3.2.1 Argentina: Thermal Pallet Covers Market, by Application
8.6.3.3 Rest of South America: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
8.6.3.3.1 Rest of South America: Thermal Pallet Covers Market, by Application
9. Impact of COVID-19 Pandemic on Global Thermal Pallet Covers Market
9.1 Overview
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.2 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.3 South America: Impact Assessment of COVID-19 Pandemic
10. Company Profiles
10.1 CargoWise Solutions Limited
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 QProducts & Services
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Insulated Products Corporation
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 PROTEK CARGO
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 ECEPLAST
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 PAC Worldwide Corporation
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 TP Solutions
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 ECOCOOL
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Softbox Systems Ltd.
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Nordic Cold Chain Solutions
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
10.11 TLX Cargo
10.11.1 Key Facts
10.11.2 Business Description
10.11.3 Products and Services
10.11.4 Financial Overview
10.11.5 SWOT Analysis
10.11.6 Key Developments
10.12 Krautz TEMAX
10.12.1 Key Facts
10.12.2 Business Description
10.12.3 Products and Services
10.12.4 Financial Overview
10.12.5 SWOT Analysis
10.12.6 Key Developments
10.13 Cold Chain Technologies, Inc.
10.13.1 Key Facts
10.13.2 Business Description
10.13.3 Products and Services
10.13.4 Financial Overview
10.13.5 SWOT Analysis
10.13.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Table 2. North America Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. US Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Mexico Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Europe Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Germany Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. France Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Italy Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. UK Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Russia Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Austria Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 13. Switzerland Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of Europe Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. Asia Pacific Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. Australia Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 17. China Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 18. Japan Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 19. India Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of Asia Pacific Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 22. MEA Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 23. South Africa Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. Saudi Arabia Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 25. UAE Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 26. Rest of MEA Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 27. SAM Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 28. Brazil Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 29. Argentina Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 30. Rest of SAM Thermal Pallet Covers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 31. Glossary of Terms, Thermal Pallet Covers Market
LIST OF FIGURES
Figure 1. Thermal Pallet Covers Market Segmentation
Figure 2. Thermal Pallet Covers Market Segmentation – By Geography
Figure 3. Global Thermal Pallet Covers Market Overview
Figure 4. Food and Beverage Segment Held Largest Share of Global Thermal Pallet Covers Market
Figure 5. Asia Pacific Region Held Largest Share of Global Thermal Pallet Covers Market
Figure 6. Global Thermal Pallet Covers Market, Key Market Players
Figure 7. Expert Opinion
Figure 8. Thermal Pallet Covers Market, Ecosystem
Figure 9. Global Thermal Pallet Covers Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Thermal Pallet Covers Market
Figure 11. Global: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD Million)
Figure 12. Thermal Pallet Covers Market Revenue Share, By Application (2020 and 2028)
Figure 13. Pharmaceutical: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Food and Beverages: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Chemical: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: Thermal Pallet Covers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Global Thermal Pallet Covers Market Revenue Share, by Region (2020 and 2028)
Figure 18. North America: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. North America: Thermal Pallet Covers Market Revenue Share, by Application (2020 and 2028)
Figure 20. North America: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. US: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 22. Canada: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 23. Mexico: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 24. Europe: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Europe: Thermal Pallet Covers Market Revenue Share, by Application (2020 and 2028)
Figure 26. Europe: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 28. France: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 29. Italy: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 30. UK: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 31. Russia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 32. Austria: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 33. Switzerland: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 34. Rest of Europe: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 35. Asia Pacific: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Asia Pacific: Thermal Pallet Covers Market Revenue Share, by Application (2020 and 2028)
Figure 37. Asia Pacific: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. Australia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 39. China: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 40. Japan: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 41. India: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 42. South Korea: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 43. Rest of Asia Pacific: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD Million)
Figure 44. MEA: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD million)
Figure 45. MEA: Thermal Pallet Covers Market Revenue Share, by Application (2020 and 2028)
Figure 46. MEA: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)
Figure 47. South Africa: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 48. Saudi Arabia: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 49. UAE: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 50. Rest of MEA: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 51. South America: Thermal Pallet Covers Market – Revenue and Forecast to 2028 (USD million)
Figure 52. South America: Thermal Pallet Covers Market Revenue Share, by Application (2020 and 2028)
Figure 53. South America: Thermal Pallet Covers Market Revenue Share, by Key Country (2020 and 2028)
Figure 54. Brazil: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 55. Argentina: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 56. Rest of South America: Thermal Pallet Covers Market –Revenue and Forecast to 2028 (USD million)
Figure 57. Impact of COVID-19 Pandemic in North American Country Markets
Figure 58. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 59. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 60. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 61. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Thermal Pallet Covers Market
- CargoWise Solutions Limited
- QProducts & Services
- Insulated Products Corporation
- Protek Cargo
- ECEPLAST
- PAC Worldwide Corporation
- TP Solutions
- ECOCOOL
- Softbox
- Nordic Cold Chain Solutions
- TLX Cargo
- Krautz TEMAX
- Cold Chain Technologies, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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