The passive temperature-controlled packaging solutions market is a growing industry that provides packaging solutions for products that require specific temperature conditions during transportation and storage. This market includes various types of packaging, such as insulated boxes, containers, pallets, and shippers that are designed to maintain a consistent temperature range for products that are sensitive to temperature changes, such as food, pharmaceuticals, and biologics.
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The global passive temperature-controlled packaging solutions market is expected to grow at a CAGR of around 9.1% during the forecast period 2021-2031. The growth of the market is primarily driven by the increasing demand for temperature-sensitive products, such as vaccines and biologics, the growth of e-commerce, and the rising need for cost-effective and environmentally sustainable packaging solutions.
The market is segmented by type, product, end-use industry, and region. By type, the market is divided into insulated shippers, insulated containers, insulated pallets, and others. The insulated shippers segment is expected to dominate the market during the forecast period due to their wide application in the pharmaceutical and healthcare industry. By product, the market is classified into phase change materials (PCMs), gel packs, and others. The PCMs segment is expected to hold the largest market share due to their high thermal storage capacity, longer shelf life, and reusability.
By end-use industry, the market is categorized into pharmaceutical and healthcare, food and beverage, and others. The pharmaceutical and healthcare segment is expected to hold the largest market share during the forecast period due to the increasing demand for vaccines and biologics, which require temperature-controlled transportation and storage. The food and beverage segment is also expected to grow significantly due to the rising demand for perishable foods and beverages, such as dairy products and frozen food, which require temperature-controlled packaging solutions.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America is expected to dominate the market due to the presence of major pharmaceutical and biotech companies, the high demand for biologics and vaccines, and the increasing trend of e-commerce in the region. The Asia Pacific region is also expected to grow significantly due to the rising demand for temperature-controlled packaging solutions in emerging countries, such as China and India, and the increasing demand for pharmaceuticals and biologics in the region.
In conclusion, the passive temperature-controlled packaging solutions market is expected to grow significantly during the forecast period due to the increasing demand for temperature-sensitive products, the growth of e-commerce, and the rising need for cost-effective and environmentally sustainable packaging solutions.
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Some of the leading companies operating in the market are:
- Sonoco Products Company
- Snyder Industries Inc.
- ACH Foam Technologies, LLC
- Cold Chain Technologies
- Cryopak Industries Inc.
- Sofrigam SA Ltd.
- Pelican Biothermal
- Va-Q-tec AG
Passive Temperature-Controlled Packaging Solutions Market by Category
By Product Type :
- Insulated Shipper
- Envelops & Panels
- EPS
- PUR
- VIP
- Others
- Insulated Containers
- Chest
- Upright
- Others
By Application :
- Frozen
- Chilled
- Ambient
By End-Use :
- Pharmaceuticals
- Food & Beverage
- Others
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