Expanding Cold Chain Logistics Industry Boosts Growth of Temperature Controlled Packaging Solutions Market by 2030

The global temperature controlled packaging solutions market is all set to witness a staggering CAGR of 8.1% between 2022 and 2030. It is estimated to reach US$ 23.2 Billion by the year 2030.

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 market for temperature-controlled packaging solutions, 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.

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.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-594

Key Players:

• Sonoco Products Company
• Pelican BioThermal LLC
• Snyder Industries Inc.
• GEBHARDT Logistic Solutions GmbH
• ACH Foam Technologies, LLC
• TKT GmbH
• Cold Chain Technologies

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.