According to the latest report from Future Market Insights, the Europe temperature controlled packaging solutions market is projected to reach a value of US$ 3.9 billion in 2023. The market is expected to grow at a compound annual growth rate (CAGR) of 7.3% between 2023 and 2032, reaching a valuation of US$ 6.9 billion by 2033.
The increasing export of temperature-sensitive products, such as food and beverages and pharmaceuticals, and the rising demand for efficient packaging solutions for transporting perishable food products are key factors driving the growth of the temperature controlled packaging solutions industry in Europe.
Companies across European countries rely on temperature controlled packaging solutions to protect temperature-sensitive products during shipping. The complex supply chain of pharmaceuticals requires meticulous attention to detail during transportation and delivery, with different temperature ranges needed for storage and transportation. The growing demand for various medicines and the focus on protecting the integrity of temperature-sensitive pharmaceuticals during transportation are expected to boost the temperature controlled packaging solutions market in Europe.
The demand for frozen food is also increasing globally, with Europe accounting for approximately 40% of the market share. Insulated shipping containers are commonly used for the bulk export and import of frozen food products across European countries. The growing consumption and export of frozen foods will continue to drive the sales of temperature controlled packaging solutions in Europe over the next decade.
Furthermore, the rental of temperature controlled packaging solutions is gaining popularity, particularly among pharmaceutical and food businesses. Many companies choose to rent or lease temperature controlled containers and shippers according to their specific requirements. This trend creates lucrative opportunities for temperature controlled packaging solution manufacturers.
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Key Takeaways from the Europe Temperature Controlled Packaging Solutions Market:
- The Europe temperature controlled packaging solutions market is expected to grow at a CAGR of 7.3% between 2023 and 2033.
- The passive segment holds a significant share of the Europe temperature controlled packaging solutions market based on system type.
- The insulated containers segment remains the most lucrative category in the market based on product type.
- The food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe temperature controlled packaging solutions industry based on end use.
- Germany is projected to account for approximately 21.8% share of the Europe market by the end of 2033.
- France holds around 16.8% share of the Europe temperature controlled packaging solutions industry
“Temperature controlled packaging solutions are gaining enormous market acceptance across Europe since these shippers and containers are designed according to the logistical and regulatory constraints persisting to the transportation of perishable products via cold chain and guarantee a constant temperature irrespective of the transit mode, route or condition,” says an FMI analyst
Who is Winning?
Sonoco Products Company, OLIVO Cold Logistics, Snyder Industries Inc., Pelican BioThermal LLC, and GEBHARDT Logistic Solutions GmbH are leading players in the market
These companies are developing new innovative temperature controlled packaging solutions as well as introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors.
More About Europe Temperature Controlled Packaging Solutions Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the Europe temperature controlled packaging solutions market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the temperature controlled packaging solutions market based on system type (active and passive), product type (insulated shippers, insulated containers, and others), application (frozen, chilled, and ambient) and end use (food & beverages, healthcare, and others) across European countries.
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Fueling Sales of Temperature Controlled Packaging Solutions in the UK and Germany
The demand for temperature-controlled packaging solutions is surging in both the United Kingdom and Germany, driven by specific factors unique to each market.
In the United Kingdom, the rising demand for frozen food products is fueling the adoption of insulated containers. Europe, led by the UK and Germany, accounts for a significant portion of the global demand for frozen vegetables. With the increasing popularity of frozen food products, temperature-controlled packaging solutions such as insulated containers play a crucial role in maintaining the quality and longevity of these perishable items. The focus on reducing food wastage further drives the demand for temperature-controlled packaging solutions in the UK.
Germany, on the other hand, is emerging as a lucrative market for temperature-controlled packaging solutions due to the increasing export of food and pharmaceutical products. The pharmaceutical industry in Germany is expanding rapidly, with a significant amount of medicinal and pharmaceutical products being exported. These temperature-sensitive products require optimal conditions during transportation to maintain their integrity. Temperature-controlled packaging solutions ensure the protection and preservation of pharmaceutical products during shipping. Additionally, the easy availability of heat-retaining containers and other insulated packaging formats further supports the growth of the market in Germany.
Overall, the demand for temperature-controlled packaging solutions is fueled by the rising demand for frozen food products and the need to maintain the integrity of pharmaceutical products during transportation in the UK and Germany, respectively. The adoption of these solutions helps ensure the quality and safety of temperature-sensitive products, driving the growth of the market in both countries
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Europe Temperature Controlled Packaging Solutions Industry by Category
By System Type:
- Active
- Passive
By Product Type:
- Insulated Shippers
- Insulated Containers
- Others (Mailers, Gel Packs, etc.)
By Application:
- Frozen
- Chilled
- Ambient
By End Use:
- Food
- Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Chemicals
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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