According to Future Market Insights’ latest report, Europe Temperature Controlled Packaging Solutions Industry is forecast to be valued at US$ 3.9 billion in 2023. Total sales of temperature controlled packaging solutions across Europe are slated to increase at 7.3% CAGR between 2023 and 2032, taking the market valuation to US$ 6.9 billion by 2033.
Shipping of temperature-sensitive products requires protection from undesired weather and other unpredictable factors all while ensuring a constant temperature range. For this purpose, companies across European countries employ temperature controlled packaging solutions.
Increasing export of temperature sensitive products such as food & beverages and pharmaceuticals and rising demand for efficient packaging solutions for transporting perishable food products are key factors driving Europe’s temperature controlled packaging solutions industry.
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The supply chain of pharmaceuticals is complex and requires various minute details to be addressed at the time of transportation and delivery. Pharmaceutical products require different temperature ranges during storage and transportation. Growing demand for various medicines along with increasing focus on protecting the integrity of temperature-sensitive pharmaceuticals during transportation and shipping is expected to boost Europe Temperature Controlled Packaging Solutions Industry during the forecast period.
Demand for frozen food is growing rapidly across the world, with Europe accounting for around 40% share of the market. Insulated shipping containers are mainly used for exports and imports of frozen foods products in bulk quantities across European countries. Hence, rising consumption and export of frozen foods will continue to fuel temperature controlled packaging solution sales across Europe over the next ten years.
Drivers:
- Pharmaceutical and Healthcare Growth: The pharmaceutical and healthcare sectors are experiencing substantial growth, and temperature-controlled packaging is crucial for the safe transport of sensitive medications and medical equipment.
- E-commerce Expansion: The booming e-commerce industry relies heavily on temperature-controlled packaging to maintain the quality and freshness of products, including food, beverages, and cosmetics.
- Cold Chain Logistics: The increasing demand for perishable goods, including fresh produce and seafood, has driven the need for temperature-controlled packaging solutions to maintain product integrity throughout the supply chain.
- Global Food Trade: As international food trade grows, temperature-controlled packaging ensures that food products meet regulatory requirements and reach consumers in optimal condition.
- Pharmaceutical Regulations: Stringent regulations and guidelines for the storage and transport of pharmaceuticals have boosted the demand for reliable temperature-controlled packaging solutions.
- Vaccine Distribution: The distribution of vaccines, especially during pandemics like COVID-19, relies heavily on temperature-controlled packaging to maintain vaccine efficacy.
Restraints:
- Cost of Implementation: Temperature-controlled packaging solutions can be expensive to implement, including the purchase of specialized containers and monitoring equipment, which can be a barrier for some businesses.
- Environmental Concerns: Many temperature-controlled packaging materials are not environmentally friendly, leading to concerns about waste and sustainability.
- Energy Consumption: Maintaining temperature control during transportation and storage can consume significant amounts of energy, contributing to operational costs and environmental impact.
- Complex Supply Chain: Implementing temperature-controlled logistics adds complexity to supply chains, requiring careful monitoring and quality control.
- Space Constraints: Storing and transporting temperature-sensitive goods may require additional space and infrastructure, which can be challenging in urban areas or densely populated regions.
- Technological Challenges: Maintaining consistent temperature control and monitoring in extreme conditions or during long-distance transportation can be technologically challenging and may result in occasional failures.
Key Takeaways from Europe Temperature Controlled Packaging Solutions Industry
1. Europe’s temperature controlled packaging solutions market is forecast to expand at 7.3% CAGR between 2023 and 2033.
2. By system type, passive segment holds a significant share of the Europe Temperature Controlled Packaging Solutions Industry.
3. Based on product type, insulated containers segment remains the most remunerative category in the market.
4. By end use, food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe temperature controlled packaging solutions industry.
5. Germany is anticipated to account for about 21.8% share of the Europe market by the end of 2033.
6. France holds around 16.8% share of Europe’s temperature controlled packaging solutions industry.
Key Players
- IP-GROUP
- GEBHARDT Logistic Solutions GmbH
- INKA Pallets Ltd.
- TKT GmbH
- OLIVO Cold Logistics
- SÆPLAST Iceland ehf
- Sofrigam SA Ltd.
- va-Q-tec AG
- Topa Thermal
- Inmark Global Holdings, LLC
- Tempack Packaging Solutions S.L.
- EcoCool GmbH
- Exeltainer SL
- KRAUTZ – TEMAX Europe
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.
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