In 2023, the Europe temperature-controlled packaging solutions market is anticipated to be worth US$3.9 billion, according to the most recent analysis from Future Market Insights. The market for temperature-controlled packaging solutions in Europe is expected to reach US$ 6.9 billion by 2033 after growing at a 7.3% CAGR between 2023 and 2032.
The business for temperature controlled packaging solutions in Europe is primarily driven by increased exports of temperature-sensitive goods like food, drinks, and medicines as well as rising need for effective packaging solutions for shipping perishable food products. options for temperature-controlled packaging Protection against unfavourable weather and other uncontrollable circumstances is necessary for shipping temperature-sensitive goods, as is maintaining a stable temperature range. Companies all around Europe use temperature-controlled packing techniques for this purpose.
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Pharmaceuticals have a complicated supply chain that necessitates attention to numerous small aspects during transit and delivery. Different temperature ranges are needed for storage and transportation of pharmaceutical items. During the forecast period, the market for temperature-controlled packaging solutions in Europe is anticipated to grow as a result of rising demand for various medications and a growing emphasis on maintaining the integrity of pharmaceuticals that are temperature-sensitive during shipping and transportation.
Global demand for frozen food is increasing quickly, with Europe accounting for about 40% of the industry. Bulk imports and exports of frozen food goods between European nations primarily involve insulated transport containers. increasing frozen food exports and consumption will continue to fuel temperature controlled packaging solution sales across Europe over the next ten years.
Similar to how rented temperature-controlled packaging options are becoming more popular, this is helping the business flourish. According to their needs, many pharmaceutical and food companies choose to rent or lease temperature-controlled containers and shippers. Manufacturers of temperature controlled packaging solutions will benefit financially from this.
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Key Takeaways from Europe Temperature Controlled Packaging Solutions Market
- Europe’s temperature controlled packaging solutions market is forecast to expand at 7.3% CAGR between 2023 and 2033.
- By system type, the passive segment holds a significant share of the Europe temperature controlled packaging solutions market.
- Based on product type, insulated containers segment remains the most remunerative category in the market.
- By end use, food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe temperature controlled packaging solutions industry.
- Germany is anticipated to account for about 21.8% share of the Europe market by the end of 2033.
- France holds around 16.8% share of Europe’s temperature controlled packaging solutions industry.
“Temperature-controlled packaging solutions are gaining enormous market acceptance across Europe since these shippers and containers are designed according to the logistical and regulatory constraints persisting to the transportation of perishable products via cold chain and guarantee a constant temperature irrespective of the transit mode, route or condition,” says an FMI analyst
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Who is Winning?
Sonoco Products Company, OLIVO Cold Logistics, Snyder Industries Inc., Pelican BioThermal LLC, and GEBHARDT Logistic Solutions GmbH are leading players in the market
These companies are developing new innovative temperature-controlled packaging solutions as well as introducing rental programs to provide temperature-controlled packaging solutions at a lower cost as compared to their competitors.
Europe Temperature Controlled Packaging Solutions Industry by Category
By System Type:
- Active
- Passive
By Product Type:
- Insulated Shippers
- Insulated Containers
- Others (Mailers, Gel Packs, etc.)
By Application:
- Frozen
- Chilled
- Ambient
By End Use:
- Food
- Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Chemicals
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