Report Details-
Global Temperature Controlled Packaging Solutions Market, By Product (Insulated shippers, Insulated Containers, Refrigerants, Others), Type (Active Systems, Passive Systems), Usability (Single, Reuse), Revenue Type (Products, Services), End User (Food and Beverages, Healthcare, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Temperature controlled packaging is essential for transport all type of product from unpreserved foods to pharmaceuticals and it’s mainly important in those situations where temperature controlled shipping and warehousing aren’t available. However, producing effective temperature controlled packaging can be a challenge for small businesses. For create the right packaging solution, industries must first try to understand the principles of heat transfer which they will apply to packaging. Then, it’s time to examine the most popular materials and tools from air sea containers which allow our consumers to produce personalized temperature controlled packaging solutions.
Data Bridge Market Research analyses that temperature controlled packaging solutions market was valued at USD 34.4 billion in 2021 and is expected to reach USD 68.49 billion by 2029, registering a CAGR of 8.99 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Temperature Controlled Packaging Solutions Market Dynamics
Drivers
- Rising demand for fresh and frozen food
Increasing demand for fresh and frozen food overall the globe is key factor which are expected to drive the growth of the global temperature-controlled packaging solutions market. Due to changing lifestyles along with busy schedules have increased the demand for the frozen foods overall the globe. Time limitation has become the main factor for changing consumer preferences towards ready to eat meals. These frozen foods need a precise temperature for their delivery according to the trend of the intake of frozen foods is expected to boost the growth of temperature controlled packaging.
- Higher demand in pharmaceutical industry
Temperature controlled packaging solution is an imperative tool in reducing the upholding quality of product and hazard during supply chain process by maintaining internal temperature in pharmaceutical sector. This system aids to protect shipments through every phase of the medical supply chain. Some of the main application areas of temperature controlled packaging solutions include vaccines, biological samples and products, clinical trials, inactive pharmaceutical ingredients with balanced temperature and medical products with detailed timeline requirements.
COVID-19 Impact on Temperature Controlled Packaging Solutions Market
The outbreak of covid-19 pandemic has affected several industry but the temperature controlled packaging solutions market grew by 4% in terms of value during COVID-19 pandemic. The demand of this packaging increased due to the distribution of COVID-19 vaccines overall the globe. The businesses developed their packaging system for test kits, shipping vaccines and other critical medicines. The temperature controlled packaging is vulnerable to the product damage due to the temperature excursion. COVID-19 enhanced the trends in the temperature-controlled packaging solution market. The vaccine production companies collaborated with the temperature-controlled packaging suppliers to develop modified products for the delivery of vaccines.
Global Temperature Controlled Packaging Solutions Market Scope
The temperature controlled packaging solutions market is segmented on the basis of products, type, usability, revenue type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Insulated shippers
- Insulated Containers
- Refrigerants
- Others
Type
- Active Systems
- Passive Systems
Usability
- Single
- Reuse
Temperature Controlled Packaging Solutions Market Regional Analysis/Insights
The temperature controlled packaging solutions market is analysed and market size insights and trends are provided by country, products, type, usability, revenue type end-user as referenced above.
The countries covered in the temperature controlled packaging solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the temperature controlled packaging solutions market in terms of revenue share during the forecast period. This is due to the increasing demand for temperature controlled packaging solutions in this region. North America region dominates the temperature controlled packaging solutions market due to growing demand for temperature-controlled packaging solutions in this region.
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Competitive Landscape and Temperature Controlled Packaging Solutions Market Share Analysis
The temperature controlled packaging solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to temperature controlled packaging solutions market.
Some of the major players operating in the temperature controlled packaging solutions market are:
- Sonoco Products Company (US)
- Cold Chain Technologies (US)
- Va-Q-Tec AG (Germany)
- Pelican BioThermal Limited (US)
- Softbox (UK)
- Sofrigam SA (France)
- Intelsius (UK)
- Inmark Global Holdings, LLC (US)
- Envirotainer (Sweden)
- Fedex (US)
- United Parcel Service of America, Inc (US)
- Amerisourcebergen Corporation (US)
- Snyder Industries (US)
- ACH Foam Technologies, LLC (US)
- Cryopak Industries Inc. (Canada)
- Saeplast (Canada)
- Tempack (Spain)
- Exeltainer (Spain)
- OMEGA Engineering (US)
- Olympus Corporation (Japan)
Research Methodology: Global Temperature Controlled Packaging Solutions Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON THE GLOBAL TEMPERATURE CONTROLLED PACKAGING SOLUTIONS MARKET
7 GLOBAL TEMPERATURE CONTROLLED PACKAGING SOLUTIONS MARKET, BY INDUSTRY TYPE
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