The demand for safe and effective transportation of products including pharmaceuticals, biologics, food and drinks, and chemicals that are sensitive to temperature is met by the temperature-controlled packaging solutions market , which is a sector of the economy that is expanding quickly. To preserve their efficacy and safety during shipping and storage, many products need specific temperature ranges.
Between 2022 and 2030, the market for temperature-controlled packaging solutions is anticipated to grow at an astounding 8.1% CAGR. By the year 2030, it is anticipated to reach US$ 23.2 billion.
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Insulated shipping containers, refrigerated transport vehicles, and temperature monitoring equipment are examples of temperature regulated packing options. The integrity of the goods being delivered is ensured by these solutions, which are made to maintain a certain temperature range during the transit procedure.
The increasing demand for temperature-sensitive products, particularly in the pharmaceutical and biotechnology industries, is driving the growth of the market. The rising demand for vaccines, biologics, and specialty drugs is expected to further boost the market growth. Furthermore, the growing e-commerce industry and the need for safe and efficient delivery of perishable goods are also contributing to the market growth.
The market can be segmented based on product type, end-use industry, and geography. Based on product type, the market can be segmented into insulated shipping containers, refrigerated transport vehicles, and temperature monitoring devices. Based on the end-use industry, the market can be segmented into pharmaceuticals, biotechnology, food and beverages, and chemicals.
Geographically, the market can be segmented into North America, Europe, Asia-Pacific, and rest of the world. North America is expected to dominate the market due to the presence of a large number of pharmaceutical and biotechnology companies in the region. Europe is also expected to show significant growth due to the increasing demand for temperature-sensitive products in the region.
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In conclusion, the temperature controlled packaging solutions market is expected to grow significantly in the forecast period due to the increasing demand for temperature-sensitive products and the growing e-commerce industry. The market is competitive and is expected to see new players entering in the forecast period.
Key Takeaways of Temperature Controlled Packaging Solutions Market Study
Food & Beverages industry holds a majority of the market share in the global temperature controlled packaging solutions market, closely followed by the healthcare industry. The high demand from this industry is mainly driven by the rising consumption of perishable food products, which require insulated containers/bins coupled with a refrigerant for proper transportation.
The chilled segment is projected to retain its prominent position and account for nearly 43% of the global temperature controlled packaging solutions market by 2030. This is attributable to the growing need for efficient temperature controlled shipping solutions for pharmaceuticals as well as food products.
Passive temperature controlled packaging solutions are largely preferred over their active counterparts, as passive solutions are relatively economical, easy to handle, and dispose.
The insulated containers segment has been identified as the most lucrative segment in the global temperature controlled packaging solutions market. This can primarily be attributed to the increasing consumption of meat, fish, seafood, and other perishable products, globally.
South Asia and East Asia are estimated to cumulatively hold more than 30% of the share in the global temperature controlled packaging solutions market by 2030. The demand for insulated shippers for cold chain packaging is likely to remain moderate in the region, while that for packaging of perishable foods is likely to remain strong in the foreseeable future.
key Players:
- Sonoco Products Company
- Pelican BioThermal LLC
- Snyder Industries Inc.
- GEBHARDT Logistic Solutions GmbH
- ACH Foam Technologies, LLC
- TKT GmbH
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Key Segments Covered In Temperature Controlled Packaging Solutions Industry Research
By System Type :
- Active
- Passive
By Product Type :
- Insulated Shippers
- Panels & Envelopes
- EPS Shippers
- PUR Shippers
- VIP Shippers
- Insulated Containers
- Chest Style
- Upright Style
- Others
By Application :
- Frozen
- Chilled
- Ambient
By End-use :
- Healthcare
- Food & Beverages
- Others
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