Demand for frozen food is growing rapidly across the world, with Europe accounting for around 40% share of the market. Insulated shipping containers are mainly used for exports and imports of frozen foods products in bulk quantities across European countries. Hence, rising consumption and export of frozen foods will continue to fuel temperature controlled packaging solution sales across Europe over the next ten years.
According to Future Market Insights’ latest report, Europe Temperature Controlled Packaging Solutions Market is forecast to be valued at US$ 3.9 billion in 2023. Total sales of temperature controlled packaging solutions across Europe are slated to increase at 7.3% CAGR between 2023 and 2032, taking the market valuation to US$ 6.9 billion by 2033.
Increasing export of temperature sensitive products such as food & beverages and pharmaceuticals and rising demand for efficient packaging solutions for transporting perishable food products are key factors driving Europe’s temperature controlled packaging solutions industry.
Shipping of temperature-sensitive products requires protection from undesired weather and other unpredictable factors all while ensuring a constant temperature range. For this purpose, companies across European countries employ temperature controlled packaging solutions.
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Historical Analysis
- Europe’s temperature-controlled packaging market had a 6.7% CAGR, reaching US$ 3.7 billion by 2022.
- Future Market Insights predicts a 7.3% CAGR for 2023-2033 in temperature-controlled packaging demand in Europe.
- Protection of temperature-sensitive products drives the industry’s growth.
- Pharmaceutical demand, especially for stem cells and vaccines, sustains the need for temperature-controlled packaging solutions.
- Innovations in cold storage, increased food and beverage import/export, and concerns about food wastage contribute to sales growth in the next decade.
Key Takeaways from Europe Temperature Controlled Packaging Solutions Market
Europe’s temperature controlled packaging solutions market is forecast to expand at 7.3% CAGR between 2023 and 2033.
By system type, passive segment holds a significant share of the Europe Temperature Controlled Packaging Solutions Market.
Based on product type, insulated containers segment remains the most remunerative category in the market.
By end use, food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe Temperature Controlled Packaging Solutions Market.
Germany is anticipated to account for about 21.8% share of the Europe market by the end of 2033.
France holds around 16.8% share of Europe’s temperature controlled packaging solutions industry.
Key Market Trends
Biologics, which encompass a range of products including vaccines, blood components, somatic cells, and recombinant therapeutic proteins, have garnered considerable attention due to their remarkable efficacy. Nevertheless, these biologics often necessitate precise temperature conditions for both storage and transportation. Consequently, pharmaceutical companies are increasingly adopting temperature-controlled packaging solutions to ensure the integrity and effectiveness of these products throughout their journey.
The pharmaceutical sector, particularly in European nations like the United Kingdom and Germany, has witnessed a slew of significant innovations over recent decades. Notably, the advent of biologics, or biological products, stands out as a groundbreaking development.
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Drivers:
- Pharmaceutical and Healthcare Growth: The pharmaceutical and healthcare sectors are experiencing substantial growth, and temperature-controlled packaging is crucial for the safe transport of sensitive medications and medical equipment.
- E-commerce Expansion: The booming e-commerce industry relies heavily on temperature-controlled packaging to maintain the quality and freshness of products, including food, beverages, and cosmetics.
- Cold Chain Logistics: The increasing demand for perishable goods, including fresh produce and seafood, has driven the need for temperature-controlled packaging solutions to maintain product integrity throughout the supply chain.
- Global Food Trade: As international food trade grows, temperature-controlled packaging ensures that food products meet regulatory requirements and reach consumers in optimal condition.
- Pharmaceutical Regulations: Stringent regulations and guidelines for the storage and transport of pharmaceuticals have boosted the demand for reliable temperature-controlled packaging solutions.
- Vaccine Distribution: The distribution of vaccines, especially during pandemics like COVID-19, relies heavily on temperature-controlled packaging to maintain vaccine efficacy.
Key Players
- IP-GROUP
- GEBHARDT Logistic Solutions GmbH
- INKA Pallets Ltd.
- TKT GmbH
- OLIVO Cold Logistics
- SÆPLAST Iceland ehf
- Sofrigam SA Ltd.
- va-Q-tec AG
- Topa Thermal
- Inmark Global Holdings, LLC
- Tempack Packaging Solutions S.L.
- EcoCool GmbH
- Exeltainer SL
- KRAUTZ – TEMAX Europe
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Segment Covered
- System Type
- Product Type
- Application
- End Use
- Region
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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