The global passive temperature-controlled packaging solutions market is set to experience robust growth, reaching an estimated USD 10.6 billion in 2021. With a projected compound annual growth rate (CAGR) of 9.1% from 2021 to 2031, the market is expected to surpass USD 3.90 billion by 2033. This growth is driven by increasing demand across various sectors, including food and beverage, pharmaceuticals, and e-commerce.
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Core Concepts in the Passive Temperature-Controlled Packaging Solutions Industry
- Current Valuation (2021): The market is estimated to surpass US$ 10.6 billion.
- Historical CAGR (2015-2020): The market expanded at a CAGR of 7.9% over the last five years.
- Sales Outlook (2021-2031): The market is projected to grow at a CAGR of 9.1%.
- Key Trends:
- Introduction of advanced and digitalized shippers and containers.
- Increasing popularity of vacuum insulated panels (VIP) based products.
- North America Market Outlook: Expected to grow at a 7.9% CAGR over the next decade.
- Growth Rate in APEJ (Asia-Pacific excluding Japan): Projected CAGR of 11% from 2021 to 2031.
- Top 5 Countries Exhibiting High Demand: USA, China, Japan, India, Germany
- Growth Rate in China: Expected to grow at an 11.5% CAGR from 2021 to 2031.
Market Insights:
- Current Market Status:
- Market Size and Growth: The market for passive temperature-controlled packaging solutions was valued at USD 10.6 billion in 2021 and is forecasted to experience a year-on-year (YoY) growth of 9.0% in the same year.
- Regional Dominance: Asia Pacific excluding Japan is expected to dominate the market, holding over 23.9% of the global market share in 2021. In North America, particularly the USA, the market is projected to reach USD 2.1 billion in 2021, with a YoY growth rate of 7.7%.
- Key Market Drivers:
- Increased Demand for Perishable Goods: The rise in consumption of processed and frozen foods necessitates effective temperature-controlled packaging solutions to maintain product quality and extend shelf life.
- Expansion of the Pharmaceutical Industry: The need for temperature control in pharmaceuticals, especially for high-value and temperature-sensitive products, is driving market growth. Clinical trial supplies and logistics, influenced by COVID-19, are contributing significantly to the demand for passive temperature-controlled packaging.
- Technological Advancements: Innovations in cold chain packaging technology and the adoption of digitization are helping manufacturers reduce operational costs and improve efficiency.
- Regional Highlights:
- USA: Projected to hold nearly 84% of the North American market by 2026, the USA benefits from favorable government policies, high healthcare spending, and increased awareness and investment in healthcare.
- Germany: As the largest market in Western Europe, Germany’s passive temperature-controlled packaging solutions market is expected to reach USD 508 million by the end of 2021. The country’s strong food and beverage industry and significant export activities drive the demand for effective packaging solutions.
- Trends and Innovations:
- Sustainable Packaging: There is a growing shift towards eco-friendly materials and sustainable practices in passive temperature-controlled packaging. Manufacturers are increasingly adopting biodegradable and compostable materials to meet consumer demands for environmentally friendly products.
- Customization and Digitization: The market is seeing advancements in digital printing and intelligent packaging solutions, allowing for greater customization and efficiency in packaging processes.
Market Opportunities:
The passive temperature-controlled packaging solutions market offers substantial opportunities for growth, particularly in the food and beverage, pharmaceutical, and e-commerce sectors. The rise in trade activities, coupled with increasing consumer demand for high-quality and safe products, is expected to drive market expansion. Innovations in technology and sustainability will further support market growth and open new avenues for manufacturers.
About the Passive Temperature-Controlled Packaging Solutions Market:
The passive temperature-controlled packaging solutions market involves packaging solutions designed to maintain optimal temperatures for various products during storage and transportation. With a focus on efficiency, safety, and sustainability, this market is evolving to meet the needs of a diverse range of industries.
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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
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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