Between 2022 and 2030, the worldwide temperature controlled packaging solutions market is expected to grow at a spectacular CAGR of 8.1 percent. By 2030, it is expected to be worth $23.2 billion. The market for temperature-controlled packaging solutions is likely to continue to grow in the coming years.
Through 2030, the market is expected to grow at an annual rate of 8.1 percent, reaching US$ 23.2 billion by the end of the forecast period. Increased sales of insulated containers result from increased frozen food/fruit consumption, enhancing income for companies in the worldwide temperature controlled packaging solutions market.
Key Takeaways of Temperature Controlled Packaging Solutions Market Study
Food & Beverages industry holds a majority of the market share in the global temperature controlled packaging solutions market, closely followed by the healthcare industry. The high demand from this industry is mainly driven by the rising consumption of perishable food products, which require insulated containers/bins coupled with a refrigerant for proper transportation.
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The chilled segment is projected to retain its prominent position and account for nearly 43% of the global temperature controlled packaging solutions market by 2030. This is attributable to the growing need for efficient temperature controlled shipping solutions for pharmaceuticals as well as food products.
Passive temperature controlled packaging solutions are largely preferred over their active counterparts, as passive solutions are relatively economical, easy to handle, and dispose.
The insulated containers segment has been identified as the most lucrative segment in the global temperature controlled packaging solutions market. This can primarily be attributed to the increasing consumption of meat, fish, seafood, and other perishable products, globally.
South Asia and East Asia are estimated to cumulatively hold more than 30% of the share in the global temperature controlled packaging solutions market by 2030. The demand for insulated shippers for cold chain packaging is likely to remain moderate in the region, while that for packaging of perishable foods is likely to remain strong in the foreseeable future.
Leading pharmaceutical manufacturers demand effective packaging formats for biologics and specialty drugs, as such products are extremely temperature-sensitive and any compromise in handling them can significantly affect product efficiency. This is expected to present remunerative growth potential for all participants of the supply chain in the global temperature controlled packaging solutions market.
Temperature Controlled Packaging Solutions Market Landscape
- Sonoco Products Company
- Pelican BioThermal LLC
- Snyder Industries Inc.
- GEBHARDT Logistic Solutions GmbH
- ACH Foam Technologies
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These companies are also introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors. Various food and pharma companies opt for leasing or renting temperature controlled shippers/containers as per their requirements.
This is profitable for the manufacturers of temperature controlled packaging solutions, as shipper/container manufacturers achieve reduced cost of ownership and increased return on investment, hence higher profits.
Key Segments Covered In Temperature Controlled Packaging Solutions Industry Research
By System Type :
- Active
- Passive
By Product Type :
- Insulated Shippers
- Panels & Envelopes
- EPS Shippers
- PUR Shippers
- VIP Shippers
- Insulated Containers
- Chest Style
- Upright Style
- Others
By Application :
- Frozen
- Chilled
- Ambient
By End-use :
- Healthcare
- Food & Beverages
- Others
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By Region :
- North America Temperature Controlled Packaging Solutions Market
- Latin America Temperature Controlled Packaging Solutions Market
- Europe Temperature Controlled Packaging Solutions Market
- East Asia Temperature Controlled Packaging Solutions Market
- South Asia Temperature Controlled Packaging Solutions Market
- Oceania Temperature Controlled Packaging Solutions Market
- Middle East & Africa (MEA) Temperature Controlled Packaging Solutions Market
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