The global market for passive temperature-controlled packaging solutions is experiencing remarkable growth, with a projected value of USD 13,865 million in 2024, set to reach an impressive USD 28,137 million by 2034. This growth trajectory represents a CAGR of 7.3% between 2024 and 2034. In 2023, the market generated USD 12,937 million in revenue and is expected to see a year-on-year growth rate of 7.2% in 2024.
One of the key contributors to this growth is the rise in demand for insulated shippers, which are expected to account for nearly one-third of the market share by the end of 2024. Insulated shippers, which include a variety of materials such as Expanded Polystyrene (EPS), fiberboard, Polyurethane (PUR), and Vacuum Insulated Panels (VIP), offer flexible, lightweight, and cost-effective solutions for transporting small temperature-sensitive products.
These solutions cater to a broad range of industries, providing optimal temperature control and ensuring the safe delivery of sensitive goods.
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The increasing demand for efficient, sustainable, and reliable packaging solutions across sectors such as pharmaceuticals, food, and healthcare is driving the expansion of the passive temperature-controlled packaging market. With advancements in material technology and growing awareness about the importance of temperature stability during transportation, the market is positioned for continued strong growth.
Understanding the Passive Temperature-Controlled Packaging Solutions Market
Passive Temperature-Controlled Packaging Solutions refers to packaging systems designed to maintain a specific temperature range for products during storage and transportation without the use of active power sources, such as refrigeration or battery-operated systems. These solutions typically utilize insulating materials, such as thermal wraps, gel packs, phase change materials (PCMs), and vacuum-sealed containers, to slow down the transfer of heat and ensure that products remain within their optimal temperature range.
Key Takeaways: Passive Temperature-Controlled Packaging Solutions Market
- The global passive temperature-controlled packaging solutions market recorded a CAGR of 8.2% between 2019 and 2023.
- In 2023, the market reached a value of USD 12,937 million.
- The United States market for passive temperature-controlled packaging solutions is expected to grow at a CAGR of 7.7% from 2024 to 2034.
- According to the USDA, Japan’s food service industry saw a 14.2% growth in sales, reaching USD 237 billion.
- Insulated containers are predicted to dominate the market with a 61.3% share by 2024.
- The food and beverage sector is projected to achieve a market valuation of USD 7,065 million by 2024, representing a 51% market share.
Competitive Landscape
Key players in the passive temperature-controlled packaging solutions market are investing in the creation of innovative sustainable solutions, as well as forming alliances. Key passive temperature-controlled packaging solution providers have also been acquiring smaller businesses in order to expand their position and further enter the passive temperature-controlled packaging solutions market across numerous geographies.
Recent Industry Developments in Passive Temperature-Controlled Packaging Solutions Market
- In April 2024, CSafe announced the debut of a new line of cryogenic multi-use dewars for the cell and gene therapy markets with temperatures below -150°C.
- In April 2024, Cryopak released Cryopak Eco GelTM, a new innovative sustainable refrigerant solution that can be utilized for a variety of pharmaceutical items and other applications requiring temperature control.
- In March 2024, Cold Chain Technologies and Cell Solutions announced a collaboration to expand the use of cellbox solutions in the United States.
Key Players of Passive Temperature-Controlled Packaging Solutions Industry
- Sonoco Products Company
- Cold Chain Technologies
- Pelican Biothermal LLC
- Snyder Industries, Inc.
- Saeplast Americas Inc.
- Cryopak Industries Inc.
- Sofrigam SA Ltd.
- Inmark Packaging LLC
- Tower Cold Chain Solutions
- va-Q-tec AG
- Tempack Packaging Solutions, S.L.
- EcoCool GmbH
- Inno Cool India Private Limited
Key Segments of Passive Temperature-Controlled Packaging Solutions Industry
By Product Type:
In terms of product type, the industry is divided into insulated shippers, insulated containers, and others. Further, insulated shippers are subdivided into envelops & panels, EPS, PUR, VIP, and others. Insulated containers are categorized as chest and upright.
By Application:
In terms of application, the industry is segregated into frozen, chilled, and ambient.
By End-use:
The industry is classified by end-use industries as pharmaceuticals, food & beverages and others.
By Region:
Key countries of North America, Latin America, Western Europe, Eastern Europe, MEA, APEJ and Japan have been covered in the report.
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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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