Flame-retardant multilayer insulation materials act as effective thermal insulation blankets of cryogenic containers that store flammable and explosive cryogenic liquids. This study used standard static liquid nitrogen boil-off calorimetry to test the insulation performance of eight groups of flame-retardant multilayer insulation materials with different wrapping parameters. The effects of four factors, namely the layer density, seaming process, number of reflector layer, and variable-density multilayer insulation arrangement, on the insulation performance were analysed. Three layer densities were considered: 4.47, 3.08, and 2.50 layers/mm. Two types of seaming processes were discussed: the overlapped and fold-over seaming processes. Three numbers of reflector layers were considered: 60, 70, and 80. Two variable-density multilayer insulation arrangements with similar thicknesses were discussed: 10-10-40 and 20-20-20 layers of reflectors allocated for low-, medium- and high-density segments. The conclusions are as follows: Decreasing the layer density enhances the performance of multilayer insulation; Using the fold-over seaming process results in less heat flux and lower apparent thermal conductivity; An increase in the number of reflector layers weakens radiative heat transfer, resulting in better thermal insulation; Furthermore, for a given wrapping thickness, reducing the number of reflectors appropriately in low- and medium-density segments improves the insulation performance; Optimizing and controlling the layer density of each density segment are also essential for variable-density multilayer insulation effects. This study provides supporting theories and reference data for practical engineering applications.