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

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.