According to a recent report by Future Market Insights, the global passive temperature-controlled packaging solutions market is estimated to come to $10.6 billion USD in 2021. Between 2021 and 2031, the market is anticipated to expand at a compound annual growth rate (CAGR) of 9.1%, driven by rising processed and frozen food consumption, the rise of the pharmaceutical industry, and the requirement for effective temperature control during storage and transit.
Passive temperature-controlled packaging solutions are becoming more and more popular as a result of the rising demand for processed and frozen food items, especially in urban areas. These systems are made to keep a constant temperature along the supply chain, guaranteeing that perishable foods stay safe to eat and fresh. Passive temperature-controlled packaging solutions are being used by major companies in the food and beverage sector to address the growing demand for chilled products while cutting waste and increasing profitability.
Furthermore, the market for passive temperature-controlled packaging solutions is expanding due to the growth of the pharmaceutical industry and the growing need for these solutions. Temperature control during storage and transportation needs to be more dependable and effective as clinical trial supply and logistics grow. The COVID-19 pandemic has increased demand for these solutions since vaccine distribution and transportation are now more important than ever.
See the Data in Action: Access Our Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-5073
A Future Market Insights spokeswoman stated, “The COVID-19 outbreak has further highlighted the importance of robust temperature-controlled packaging solutions in the pharmaceutical industry.” “The need for temperature-sensitive packaging solutions has increased as pharmaceutical companies step up their efforts to produce and distribute medicines, diagnostics, and vaccines.”
More importantly, the need for sophisticated temperature-controlled packaging solutions has increased due to the pharmaceutical industry’s growing emphasis on the creation and distribution of drugs for uncommon ailments, which frequently comprise expensive components with stringent temperature requirements. Throughout the pharmaceutical product’s supply chain journey, these solutions are essential to maintaining its efficacy and safety.
Industry participants are adopting technology innovations like digitization to streamline processes, cut expenses, and improve efficiency in light of current market dynamics. Sonoco Products Company’s recent acquisition of Ball Metalpack is evidence of the market’s continued innovation and consolidation for passive temperature-controlled packaging solutions.
Business Growth Opportunities:
- Increased Demand for Biologics and Pharmaceuticals: With the growth of biologics and specialty pharmaceuticals, there’s a rising need for temperature-controlled packaging solutions to ensure the integrity of these sensitive products during transportation.
- Expansion of Cold Chain Logistics: The expansion of cold chain logistics in emerging markets presents a significant growth opportunity for passive temperature-controlled packaging solutions. As these regions develop their healthcare infrastructure, the demand for reliable temperature-controlled packaging will increase.
- Technological Advancements: Innovations in insulation materials, phase change materials, and temperature monitoring technologies offer opportunities for companies to develop more efficient and cost-effective passive temperature-controlled packaging solutions.
- E-commerce Expansion: The expansion of e-commerce, especially in sectors like food and pharmaceuticals, drives the need for reliable temperature-controlled packaging solutions for the safe delivery of perishable goods to consumers’ doorsteps.
- Regulatory Compliance Requirements: Stricter regulatory requirements regarding the transportation of temperature-sensitive goods, such as pharmaceuticals and food items, create a demand for compliant passive temperature-controlled packaging solutions, offering growth opportunities for companies that can meet these standards.
Get In Touch With Our Team For a 20% Flat Discount
Upcoming Trends in the Passive Temperature-Controlled Packaging Solutions Industry:
- Sustainable Packaging Solutions: Growing environmental concerns and regulatory pressure are driving the adoption of sustainable packaging materials and practices in the temperature-controlled packaging industry, including biodegradable insulating materials and reusable packaging solutions.
- Integration of IoT and RFID Technologies: The integration of Internet of Things (IoT) and Radio-Frequency Identification (RFID) technologies allows real-time monitoring of temperature-sensitive shipments, providing greater visibility and control over the supply chain, which is becoming a key trend in the industry.
- Customization and Personalization: As industries become more specialized and requirements vary, there’s a trend towards customized and personalized temperature-controlled packaging solutions tailored to specific products and customer needs.
- Focus on Last-Mile Delivery Solutions: With the increasing demand for quick and reliable last-mile delivery of temperature-sensitive products, there’s a trend towards developing innovative packaging solutions optimized for the final leg of the supply chain, ensuring product integrity until it reaches the end consumer.
- Partnerships and Collaborations: Collaboration among packaging solution providers, logistics companies, and pharmaceutical manufacturers is becoming more common as stakeholders seek to optimize the entire cold chain process, from manufacturing to distribution, fostering innovation and driving market growth.
Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market
Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.
Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.
The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.
There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.
The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/5073
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
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
