The temperature-controlled packaging solutions market is a growing industry that provides packaging solutions designed to maintain the temperature integrity of temperature-sensitive products during transportation and storage. With the increasing demand for pharmaceuticals, food and beverages, and other temperature-sensitive products, the market offers a range of insulated containers, coolants, and temperature monitoring devices. This market is driven by factors such as stringent regulatory requirements, expanding cold chain logistics, and the need for product safety and quality assurance.
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Data Bridge Market Research analyses that the Temperature Controlled Packaging Solutions Market is 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. The rise of e-commerce and direct-to-consumer sales has led to increased demand for temperature-controlled packaging solutions. Companies delivering perishable goods directly to consumers need packaging solutions that can maintain optimal temperatures during last-mile delivery.
Key Findings of the Study
Expansion of cold chain logistics is expected to drive the market's growth rate
The expansion of cold chain logistics has a significant impact on the demand for temperature-controlled packaging solutions. Cold chain logistics involves the transportation and storage of temperature-sensitive products, such as pharmaceuticals, vaccines, and perishable foods, under controlled temperature conditions. Temperature-controlled packaging solutions play a vital role in this process by providing insulated containers, Refrigerants, and temperature monitoring devices that ensure the products remain within the required temperature ranges throughout the supply chain, safeguarding their integrity and preventing spoilage or degradation.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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Sonoco Products Company (U.S.), Cold Chain Technologies (U.S.), Va-Q-Tec AG (Germany), Pelican BioThermal Limited (U.S.), Softbox (U.K.), Sofrigam SA (France), Intelsius (U.K.), Inmark Global Holdings, LLC (U.S.), Envirotainer (Sweden), Fedex (U.S.), United Parcel Service of America, Inc (U.S.), Amerisourcebergen Corporation (U.S.), Snyder Industries (U.S.), ACH Foam Technologies, LLC (U.S.), Cryopak Industries Inc. (Canada), Saeplast (Canada), Tempack (Spain), Exeltainer (Spain), OMEGA Engineering (U.S.), Olympus Corporation (Japan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The temperature controlled packaging solutions market is segmented on the basis of products, type, usability, revenue type, and end-user.
- On the basis of product, the global temperature controlled packaging solutions market is segmented into insulated shippers, insulated containers, refrigerants, and others. Insulated containers dominate the market with a CAGR of 10.1% in the forecast period of 2022 to 2029 due to their versatility and wide range of applications. Insulated containers are used for transporting temperature-sensitive goods, such as food, pharmaceuticals, and chemicals, providing reliable temperature control and protection during storage and transportation.
In 2022, Insulated containers dominate the product type segment of the market
In 2022, Insulated containers dominate the product type segment of the market owing to insulated containers are widely used because of their adaptability and variety of uses. Food, medicines, and other temperature-sensitive products are transported in insulated containers, which offer dependable temperature control and security during storage and transportation with a CAGR of 10.1% in the forecast period of 2022 to 2029.
- On the basis of type, the global temperature controlled packaging solutions market is segmented into active systems, and passive systems. The passive system is likely to dominate market with a CAGR of 9.6% in the forecast period from 2022 to 2029 due to its simplicity and cost-effectiveness. Passive solutions, such as insulated shippers and containers, utilize insulating materials without requiring external power sources, making them practical and widely adopted for temperature-sensitive transportation and storage.
- On the basis of usability, the global temperature controlled packaging solutions market is segmented into single, reuse. The reuse segment dominates in usability due to its environmental sustainability and cost-saving benefits. Reusable solutions, such as insulated containers, are favored for their ability to be used multiple times, reducing waste and providing long-term value for businesses in the forecast period of 2022 to 2029
- On the basis of revenue type, the global temperature controlled packaging solutions market is segmented into products, services. The products segment dominates in revenue type due to the sale of physical goods like insulated shippers and containers. These products generate significant revenue as they cater to the growing demand for temperature-controlled transportation and storage solutions in various industries in the forecast period of 2022 to 2029
- On the basis of end user, the global temperature controlled packaging solutions market is segmented into food and beverages, healthcare, others. The food and beverages market is likely to dominate market with a CAGR of 9.6% in the forecast period of 2022 to 2029 due to the critical need for temperature-controlled storage and transportation of perishable goods. Insulated solutions are essential for preserving the quality, freshness, and safety of food and beverages throughout the supply chain.
In 2022, the food and beverages market is likely to dominate the end user segment of the market
In 2022, Food and beverages market is likely to dominate the end user segment of the market owing to the urgent need for perishable goods to be transported and stored under temperature control. Throughout the supply chain, insulated solutions are crucial for maintaining the quality, freshness, and safety of food and beverages with a CAGR of 9.6% in the forecast period from 2022 to 2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major temperature controlled Packaging Solutions market players in temperature controlled packaging solutions market are Envirotainer (Sweden), Fedex (U.S.), United Parcel Service of America, Inc (U.S.), Amerisourcebergen Corporation (U.S.), Snyder Industries (U.S.), ACH Foam Technologies, LLC (U.S)
Market Development
- In 2021, Cold Chain Technologies planned to expand its temperature-controlled solutions in EMEA (Europe, the Middle East, and Africa) region by opening new regional headquarters in the Netherlands.
- In 2020, Sonoco Products Company launched EOS line of parcel shippers. The product is recyclable temperature control packaging system. The product is made for life science and perishable food products.
- In 2020, Cold Chain Technologies planned to open new facility in Lebanon, US for distribution of COVID-19 vaccines.
- In 2020, Pelican BioThermal LLC introduced the new line of Golden Hour One, the new line of products for military. The product is smaller and is suitable to carry blood and platelets.
- In 2020, Pelican BioThermal LLC announced the acquisition of NanoCool LLC (Albuquerque, New Mexico). The company is involved in production of temperature-controlled packaging systems.
- In 2020, Sonoco Products Company acquired Thermoform Engineered Quality, LLC from ESCO Technologies, Inc (US). The company is a manufacturer of thermoformed packaging for health care and other markets.
Regional Analysis
Geographically, 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.
As per Data Bridge Market Research analysis:
North America is the dominant region in temperature controlled packaging solutions market during the forecast period 2022 to 2029
North America dominates the temperature-controlled packaging solutions market in terms of revenue share during the forecast period. This can be attributed to the region's increasing demand for temperature-controlled packaging solutions. Factors such as the stringent regulatory environment, expanding pharmaceutical and biotech industries, growing e-commerce activities, and the need to ensure product safety and quality drive the demand for temperature-controlled packaging solutions in North America, contributing to its market dominance.
Asia-Pacific is estimated to be the fastest growing region in temperature controlled packaging solutions market the forecast period 2022 to 2029
Asia-Pacific is projected to be the fastest developing region in the temperature-controlled packaging solutions market. This growth can be attributed to factors such as the rising sales of pharmaceutical products and the increasing disposable income in the region. The expanding pharmaceutical and biotech industries, coupled with the growing demand for temperature-sensitive healthcare products, are driving the need for effective temperature-controlled packaging solutions. Additionally, the rising disposable income in the region is fueling the demand for perishable and high-quality food products, further boosting the market growth in Asia-Pacific.
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