USD 11.56 Billion
Passive Temperature Controlled Packaging Market Size, Share, Growth Analysis, By Product(Insulated Shipper and Insulated Container), By Application(Food & Beverage, Healthcare, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2236 |
Region:
Global |
Published Date: April, 2024
Pages:
218
|Tables:
61
|Figures:
71
Passive Temperature Controlled Packaging Market Insights
Global Passive Temperature Controlled Packaging Market size was valued at USD 11.56 Billion in 2022 and is poised to grow from USD 12.62 Billion in 2023 to USD 25.33 Billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).
The global passive temperature controlled packaging market is experiencing significant growth, driven by increasing demand for temperature-related products in various industries including pharmaceutical, biotechnology and food and beverage. As globalization expands all the time, the need for reliable and competent packaging solutions is aimed at maintaining product integrity during heat waves. This is the comparison of active temperature packaging for exchange of conversion materials. It is a cost-effective and environmentally friendly solution.
However, the marketing of the market regulators, options from packaging solution options, and the growth of biopharmaceuticals, increased e-commerce activities. The market markers of action and temperature are poised for continued expansion in the coming years.
The growing adoption of biologics and uniqueness drugs, which can be regularly temperature-sensitive and require stringent temperature control for the duration of transportation, is a primary driving force for the global passive temperature controlled packaging marketplace. The boom of the biopharmaceutical enterprise, alongside advancements in drug development and personalized medicine, is using demand for dependable and efficient temperature-managed packaging.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Food & Beverage
Fastest Growth
Healthcare
Growth Rate
9.1% CAGR
Global Passive Temperature Controlled Packaging Market ($ Bn)
Country Share for North America Region (%)
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Passive Temperature Controlled Packaging Market Segmental Analysis
The global market is segmented by product, application and region. Based on product, the global market is segmented into insulated shippers and insulated containers. Based on application, the global market is segmented into food & beverage, healthcare, and others. Based on region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Product
Insulated shippers are the dominating segment in the market. The insulated shippers segment is expected to hold the largest market share of 55.5% and grow at the highest CAGR during the forecast period. Wide applications are expected in many industries including pharmaceuticals, food beverages and pharmaceuticals, improving shippers e.g. As technology improves, the demand because carriers of airtight containers continue to grow. With the introduction of phase change material (PCM) and vacuum insulated panel (VIP) technologies, portable packaging suppliers have now benefited greatly from these materials through chemical which raises the low temperature delivery.
The insulated container segment is experiencing tremendous growth in the market. These vessels carry food, chemicals, organisms, blood, and organs. These vessels are an integral part of the cold chain as temperatures throughout the distribution system are monitored and recorded. Thermal packaging refers to reusable materials commonly used to transport thermal-like products such as food, pharmaceuticals and pharmaceuticals. These containers are designed to be portable and have been heated to a certain temperature during transport, usually with materials.
Analysis by Application
The food and beverage segment are dominating the market. The food and beverage industry accounts for the largest share of the global passive temperature-controlled packaging market. Hot-controlled chemical packaging is used in the food and beverage industry to move hot products from one location to another. Temperature packaging is essential for products such as beef, dairy products, frozen foods, soft drinks, milk and other beverages during transportation.
Healthcare is the fastest growing segment in the market. With increasing demand for healthcare products such as specialty pharmaceuticals and biopharmaceuticals, the healthcare industry is expected to account for the largest share of the market in the coming years, packaging materials a heat sink acts as a safety shield for healthcare products during transport. It has special features and insulation to help maintain a consistently high temperature, and to protect chemicals from extreme heat or cold. The growth of the segment is attributed to strict regulatory compliance and government policy on hot packaging in the healthcare sector.
Global Passive Temperature Controlled Packaging Market By Application (%)
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Passive Temperature Controlled Packaging Market Regional Insights
North America dominated the global market with more than 40% in revenue share. Thermal packaging is expected to continue to gain strong adoption in the healthcare industry in the United States and Canada. Additionally, the growth of pre-incinerated packaging is expected to increase due to the increasing demand for convenience foods in the US. in the workforce Growing demand for fresh fruits and vegetables is also driving the market in this country. Technological advances in packaging not only extend the shelf life of fruits and vegetables, but also preserve the nutritional value of finished products. There are many frozen food processors in the US. has created a huge demand for this product.
Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. The growth is driven by the expansion of food and beverage chemical companies in emerging markets such as India and China. Furthermore, increasing population and disposable income will support the growth of the market during the forecast period. China is the largest market for cold chain products due to growing demand for frozen products, processed products with high urban populations now China is rapidly transitioning from a manufacturing driven economy forward into a consumer-led economy. Rapid growth is creating huge opportunities for the middle class. Cold chain storage and transport systems are in high demand in places like Beijing and Shanghai.
Global Passive Temperature Controlled Packaging Market By Geography
- Largest
- Fastest
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Passive Temperature Controlled Packaging Market Dynamics
Drivers
Increased Demand for Fresh and Frozen Foods
- The global passive temperature-controlled packaging market is expected to grow owing to the demand for processed and frozen food products across the globe. Due to changing lifestyles and busy times, the demand for frozen foods has increased globally. Time constraints are the most important issue in changing consumer preferences for ready meals. These frozen products require precise temperatures for delivery, frozen packaging is expected to increase as the consumption of frozen foods grows.
Increased Demand in Pharmaceutical Industry
- Temperature controlled packaging solutions are an important tool in the pharmaceutical industry to improve product quality and reduce risk in the supply chain by maintaining internal temperature. This system helps protect resources at every stage of the medical supply chain. Major application areas of thermoplastic packaging include vaccines, biological models and product development, clinical trials, heat equilibrium of inert drugs, and pharmaceutical products requiring detailed timelines.
Restraints
Stringent Legal Requirements
- Strict regulatory requirements for product safety, quality, and transportation are a major limitation for the global controlled non-thermal inert packaging industry. Complying with international regulations such as Good Distribution Practice (GDP) guidelines and United States Pharmacy (USP) standards can be difficult and costly for manufacturers. Failure to comply with these regulations can result in bankruptcy, the products will be recalled and the brand reputation damaged, creating challenges for market players.
Changes in Raw Material Costs
- Fluctuating raw material prices, especially for insulation and exchangeable packaging, pose an additional challenge to the passive temperature-controlled packaging market. Fluctuating raw material prices can affect production and profitability for producers. Furthermore, reliance on petroleum-based materials for insulation and PCMs may expose companies to supply chain risks and sustainability concerns, creating demand for resources, new and innovative packaging solutions.
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Passive Temperature Controlled Packaging Market Competitive Landscape
Pelican Biothermal and Softbox Systems have collaborated on a joint research and development program to innovate and develop innovative temperature-controlled passive packaging materials, designs and technologies. The partnership facilitated technology sharing, knowledge exchange and joint innovation, enabling both companies to introduce new products, improve existing supply chains and lead growth in product delivery. Key market players include DENNISON CORPORATION., 3M, BASF SE, Amcor plc, Honeywell International Inc and among others.
Top Player’s Company Profiles
- Softbox Systems Ltd.
- ACH Foam Technologies LLC
- Inmark Packaging
- American Aerogel Corporation
- Snyder Industries, Inc.
- Cryopak Industries Inc.
- Marken
- Envirotainer AB
- Va-Q-Tec AG
- Intelsius Ltd.
- DGP Intelsius LLC
- va-Q-tec AG
- CSafe Global
- DoKaSch Temperature Solutions GmbH
- Temptime Corporation
- Topa Thermal Packaging, LLC
Recent Developments
- On September 26, 2022, Sonoco ThermoSafe, a subsidiary of Sonoco Products, and United Cargo announced the global acquisition agreement for the new Pegasus ULD, a border control bulk carrier, under the agreement that medical suppliers to Pegasus can obtain ULD containers directly from United Cargo.
- In 2021, global logistics company DHL announced the launch of its new SmartSensor Express solution, a temperature monitoring system for high-value and hot products Smart Sensor Express delivers real-time temperatures monitoring and alerting for time of transmission and enables early intervention to prevent thermal drift exposure.
- In March 2022, Cold Chain Technologies, LLC, a global provider of thermal packaging solutions for life sciences industry products, acquired Packaging Technology Group Packaging Technology Group developed sustainable thermal packaging solutions and is curbside recyclable for the life science industry.
Passive Temperature Controlled Packaging Key Market Trends
- Advanced Insulation Materials and Phase Change Materials (PCMs): One of the key traits shaping the global passive temperature-controlled packaging market is the development and adoption of advanced insulation substances and segment trade substances (PCMs). Innovations in materials technological know-how and engineering are leading to the improvement of high-overall performance insulation substances that offer superior thermal protection and longer temperature upkeep intervals. Additionally, the combination of PCMs into packaging solutions allows for extra unique temperature manipulation and prolonged temperature balance at some point of transit. These advancements are driving the development of next-era passive temperature-controlled packaging answers that could meet the more and more stringent necessities of temperature-touchy merchandise, specially within the pharmaceutical and biotechnology sectors.
Passive Temperature Controlled Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global passive temperature-controlled packaging market is experiencing strong growth driven by increasing adoption of organic specialty chemicals, increasing e-commerce activities, improvement in supply chain windbreaks and interchange materials in motion but the market faces challenges such as stringent regulatory requirements and fluctuating raw material prices. Despite these challenges, it is expected that technology another, increasing demand for heat-insulating materials and increasing globalization will drive a steady growth in the packaging market for controlled passive combustion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 11.56 Billion |
| Market size value in 2031 | USD 25.33 Billion |
| Growth Rate | 9.1% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Passive Temperature Controlled Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Passive Temperature Controlled Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Passive Temperature Controlled Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Passive Temperature Controlled Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Passive Temperature Controlled Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Passive Temperature Controlled Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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