Temperature Controlled Packaging Solutions Market Revenue, Regional Outlook 2021 – 2030
Theglobal Temperature Controlled Packaging Solutions market size is expected to be worth around US$ 28.1 billion by 2030, according to a new report by Trends Market Research.
The global Temperature Controlled Packaging Solutions market size was valued at US$ 12.8 billion in 2020 and is anticipated to grow at a CAGR of 15.6% during forecast period 2021 to 2030.
Growth Factors
Increasing demand for the frozen and fresh foods including fruits and vegetables, dairy products, beverages, bakery and confectionery, meat, and pre-cooked meals is expected to promote the market growth. Furthermore, increasing application of temperature controlled packaging for the shipment of drugs, vaccines, biologics, and biological samples in developed economies, including U.S. and Germany, is projected to have a strong impact on the growth.
Growing health consciousness among consumers has boosted the demand for fresh fruits and vegetables over the world. Over the past few years, China and South Africa have witnessed significant growth for fresh foods.
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Report Highlights
Food and beverage emerged as the largest application segment in the temperature-controlled packaging solutions market and accounted for 59.8% share in 2021. This growth is attributed to the increasing demand for fresh and frozen foods across the world.
The product demand in the healthcare industry is expected to witness the fastest growth, at a CAGR of 12.5% from 2021 to 2030. Extensive application reach of the pharmaceutical industry is fueling the demand for the product significantly.
Insulated shippers held the largest share of 76.6% in 2021. A wide range of applications in several industries including pharmaceutical, food and beverage, and chemical, is expected to promote the utility of shippers. Constantly improving technology has been boosting the demand for the insulated shippers.
Insulated containers generated a revenue of USD 15.5 billion in 2021. These containers are majorly used for the shipment of foods, chemical, biologic materials, blood, and organs. These containers are a crucial part of the cold chain to control and document the temperature of the entire distribution channel.
The North America dominated the market with more than 50.% share in 2021. The high adoption rate of temperature packaging in the healthcare industry of the U.S. and Canada is expected to remain favorable for the industry. Furthermore, the rising importance of convenience foods among the working-class population of the U.S. is expected to upscale the requirements of temperature-controlled packaging.
Key Players
Key industry participants include Cryopak Industries Inc.; DGP Intelsius; Cold Chain Technologies, Inc.; Envirotainer AB; Softbox Systems Ltd.; AmerisourceBergen Corporation; DHL International GmbH; Sonoco Products Company; Inmark Temperature Controlled Packaging; and APEX Packaging Corporation.
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Market Segmentation
Product Outlook
- Insulated Container
- Insulated Shipper
Application Outlook
- Food & Beverage
- Healthcare
- Others
Region Outlook
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
The Temperature Controlled Packaging Solutions market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Temperature Controlled Packaging Solutions market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Temperature Controlled Packaging Solutions market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Temperature Controlled Packaging Solutions market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Temperature Controlled Packaging Solutions market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Temperature Controlled Packaging Solutions capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Temperature Controlled Packaging Solutions by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Temperature Controlled Packaging Solutions market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Temperature Controlled Packaging Solutions market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Temperature Controlled Packaging Solutions market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Temperature Controlled Packaging Solutions industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
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.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Temperature Controlled Packaging Solutions market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Temperature Controlled Packaging Solutions market. These factors have benefited the growth of the global market for Temperature Controlled Packaging Solutions. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
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