The temperature-controlled packaging solutions market, a quickly expanding economic sector, fills the need for the efficient and secure transportation of items such temperature-sensitive chemicals, food, beverages, pharmaceuticals, and biologics. To preserve their effectiveness and safety during shipping and storage, many items need specific temperature ranges.
Insulated shipping containers, refrigerated transport vehicles, and temperature monitoring equipment are a few examples of temperature-controlled packaging techniques. The integrity of the delivered items is ensured by these solutions, which are made to maintain a certain temperature range during the transit procedure.
The market is expanding as a result of the rising demand for products that are temperature-sensitive, notably in the pharmaceutical and biotechnology sectors. It is anticipated that increased demand for biologics, specialty pharmaceuticals, and vaccines will accelerate market expansion. Additionally, the market is expanding as a result of the expanding e-commerce sector and the demand for perishable goods to be delivered quickly and safely.
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Based on the type of product, end-use industry, and geographic region, the market can be divided. The market can be divided into insulated shipping containers, refrigerated transport vehicles, and temperature monitoring equipment based on the kind of goods. The market can be divided into pharmaceuticals, biotechnology, food and beverages, and chemicals depending on the end-use industry.
In conclusion, the market for thermal packaging solutions is anticipated to expand significantly over the course of the forecast period as a result of rising consumer demand for temperature-sensitive goods and the expansion of the e-commerce sector. The market is competitive, and new companies are anticipated to enter throughout the projection.
Key Takeaways of Temperature Controlled Packaging Solutions Market Study
- Food & Beverages industry holds a majority of the market share in the global temperature controlled packaging solutions market, closely followed by the healthcare industry. The high demand from this industry is mainly driven by the rising consumption of perishable food products, which require insulated containers/bins coupled with a refrigerant for proper transportation.
- The chilled segment is projected to retain its prominent position and account for nearly 43% of the global temperature controlled packaging solutions market by 2030. This is attributable to the growing need for efficient temperature controlled shipping solutions for pharmaceuticals as well as food products.
- Passive temperature controlled packaging solutions are largely preferred over their active counterparts, as passive solutions are relatively economical, easy to handle, and dispose.
- The insulated containers segment has been identified as the most lucrative segment in the global temperature controlled packaging solutions market. This can primarily be attributed to the increasing consumption of meat, fish, seafood, and other perishable products, globally.
- South Asia and East Asia are estimated to cumulatively hold more than 30% of the share in the global temperature controlled packaging solutions market by 2030. The demand for insulated shippers for cold chain packaging is likely to remain moderate in the region, while that for packaging of perishable foods is likely to remain strong in the foreseeable future.
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Temperature Controlled Packaging Solutions Market Landscape
Sonoco Products Company
Pelican BioThermal LLC
Snyder Industries Inc.
GEBHARDT Logistic Solutions GmbH
ACH Foam Technologies
These companies are also introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors. Various food and pharma companies opt for leasing or renting temperature controlled shippers/containers as per their requirements.
This is profitable for the manufacturers of temperature controlled packaging solutions, as shipper/container manufacturers achieve reduced cost of ownership and increased return on investment, hence higher profits.
Frequently Asked Questions (FAQ):
• What are the factors influencing the growth of the temperature controlled packaging solutions market?
• Which are the key sectors driving the temperature controlled packaging solutions market?
• Who are the major manufacturers?
• What is the biggest restraint for temperature controlled packaging solutions market?
• What will be the growth prospects of the temperature controlled packaging solutions market?
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Key Segments Covered In Temperature Controlled Packaging Solutions Industry Research
By System Type :
- Active
- Passive
By Product Type :
- Insulated Shippers
- Panels & Envelopes
- EPS Shippers
- PUR Shippers
- VIP Shippers
- Insulated Containers
- Chest Style
- Upright Style
- Others
By Application :
- Frozen
- Chilled
- Ambient
By End-use :
- Healthcare
- Food & Beverages
- Others
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