USD 40.74 billion
Temperature Controlled Packaging Solutions Market Size, Share, Growth Analysis, By Type(Active Systems, Passive Systems), By Usability(Single, Reuse), By Revenue Type(Products, Services), By Product(Insulated Shippers, Insulated Containers), By End Use Industry(Pharma, Biopharma), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2029 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
61
|Figures:
78
Temperature Controlled Packaging Solutions Market Insights
Global Temperature Controlled Packaging Solutions Market size was valued at USD 40.74 billion in 2022 and is poised to grow from USD 48.24 billion in 2023 to USD 186.29 billion by 2031, growing at a CAGR of 18.4% during the forecast period (2024-2031).
Temperature controlled packaging solutions are primarily used in the healthcare, food and beverage, and chemical industries for the transport and storage of temperature sensitive products under controlled temperature conditions. Strict government laws on the distribution of perishable pharmaceutical and food products have led to the widespread use of temperature controlled packaging systems.
Growing demand for fresh and frozen foods, as well as increasing use in the pharmaceutical industry, will drive market growth in the future. Also, the rapid global growth of the cold-chain industry is expected to have a positive impact on benefit business growth. Additionally, increased consumer health consciousness has fuelled the global market for fresh fruits and vegetables. Fresh food consumption in China and South Africa has increased rapidly in recent years. As a result, supermarkets, grocery stores, and retail outlets have boosted their investment in innovative fruit and vegetable packaging technology. The increasing purchasing power of South Asian countries including Bangladesh, Pakistan, and India also increases the demand for ready meals. Increasing health awareness among consumers has increased the demand for fresh fruits and vegetables worldwide. In the last few years, China and South Africa have witnessed significant growth in fresh foods. As a result, grocery retailers, including supermarkets, hypermarkets, and convenience stores, have increased their investment in advanced packaging technology for fruits and vegetables. Banana is the most consumed fruit in USA countries.
Similarly, the cold chain industry is growing at a significant growth around the world due to the expansion of international trade in perishable goods. Technological development has accelerated the growth of this industry and increased the demand for insulated packaging worldwide. A lack of understanding of the benefits of temperature controlled packaging solutions may hamper the market growth. Strict government regulations related to the use of certain types of pharmaceutical products in the production of temperature controlled packaging solutions are major factors hampering the market growth.
US Temperature Controlled Packaging Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Insulated shipper
Fastest Growth
Insulated shipper
Growth Rate
18.4% CAGR
Global temperature controlled packaging solutions market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Temperature Controlled Packaging Solutions Market Segmental Analysis
Global Temperature Controlled Packaging Solutions Market is segmented By Type, By Usability, By Revenue Type, By Product, By End Use Industry, and Region. Based on Type, the market can be segmented into Active Systems, Passive Systems. Based on Usability, the market is segmented into Single, Reuse. Based on Revenue Type, the market is segmented into Products, Services. Based on Product, the market is segmented into Insulated Shippers, Insulated Containers. Based on End Use Industry, the market is segmented Pharma, Biopharma. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Temperature Controlled Packaging Solutions Market Analysis by Product
On the basis of product, global temperature controlled packaging solutions market is segmented into Insulated shipper and insulated container. Insulated shippers segment is expected to hold the largest market share of 55.5% and are expected to grow at a significant CAGR during the forecast period. A wide range of applications across multiple industries, including pharmaceutical, food and beverage, and chemical, are projected to improve shipper convenience. As technology advances, the demand for insulated shippers is steadily increasing. With the introduction of phase change material (PCM) and vacuum insulated panel (VIP) technologies insulated shippers can now provide a low-distribution temperature range. Shipping of medicinal and pharmaceutical products has greatly benefited from these products.
The insulated container segment is growing significantly in the market. Food, chemicals, biological materials, blood, and organs are transported in these containers. These containers are an essential aspect of the cold chain as they monitor and log the temperature of the entire distribution system.
Temperature Controlled Packaging Solutions Market Analysis by Application
On the basis of application, global temperature controlled packaging solutions market is segmented into food & beverage, healthcare, and others. The food and beverage industry accounts for the maximum revenue share in the global temperature controlled packaging solutions market. The food and beverage industry involves transporting temperature sensitive products from one location to another using temperature controlled packaging solutions. Temperature controlled packaging solutions are essential for products such as beef, dairy products, frozen foods, soft drinks, milk, and other beverages during transport.
Similarly, the cold-chain industry is expanding rapidly due to the globalization of foreign trade in perishable products. Advances in technology have fuelled the growth of this industry and increased the global demand for insulated packaging. However, the importance of dielectric materials has increased in recent years due to increased demand and opportunities in applications such as food and beverages, healthcare, and others.
Global temperature controlled packaging solutions market size by product, 2022 (%)
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Temperature Controlled Packaging Solutions Market Regional Insights
On the basis of region, global temperature controlled packaging solutions market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the global market by more than 40% of the revenue share. Temperature packaging is expected to continue to have a strong adoption rate in the healthcare industry in the United States and Canada. Also, the growing popularity of convenience foods among the working class population of the United States is projected to increase the demand for temperature controlled packaging. Increasing demand for fresh fruits and vegetables is also driving the market in this country. Technological advancements in the packaging industry not only prolong the shelf life of fruits and vegetables but also protect the nutritional value of the finished products. The significant number of frozen food manufacturers in the United States has increased demand for the product. North America dominates the global pharmaceutical industry. Johnson & Johnson, Merck & Co. and Pfizer Inc. are the major players in this market. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), pharmaceutical corporations in the United States own the vast majority of new drug intellectual property and conduct more than half of pharmaceutical R&D. This growing industry is expected to increase product demand in the region during the forecast period.
Asia Pacific region is expected to have the fastest CAGR during the forecast period. This growth is driven by the expansion of pharmaceutical and food & beverage companies in emerging economies such as India and China. Also, increasing population and disposable income will support market growth over the forecast period. China is the largest market for cold chain manufacturing due to the growing demand for frozen products and well-developed infrastructure with a huge metropolitan population. China is currently rapidly transitioning from a manufacturing and construction-led economy to a consumer-led economy. Rapid growth creates great opportunities for the middle class. Cold chain storage and transportation systems are in rapid demand in places like Beijing and Shanghai.
Global temperature controlled packaging solutions market size by geography, 2022-2030
- Largest
- Fastest
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Temperature Controlled Packaging Solutions Market Dynamics
Temperature Controlled Packaging Solutions Market Driver
Increased demand for fresh and frozen foods
- The global temperature controlled packaging solutions market is expected to grow due to increasing demand for fresh and frozen food globally. Demand for frozen foods has increased globally due to changing lifestyles and busy schedules. Time constraint is the most important issue in changing consumer preferences toward ready meals. These frozen items require precise temperatures for delivery, and the development of frozen food consumption is expected to drive the growth of temperature controlled packaging.
Increased demand in the pharmaceutical industry
- Temperature controlled packaging solutions are an essential tool in the pharmaceutical sector to maintain product quality and reduce risk during supply chain processes by maintaining internal temperatures. This system helps protect shipments through each stage of the medical supply chain. Some of the key application areas for temperature controlled packaging solutions include vaccines, biological samples and products, clinical trials, inert pharmaceutical ingredients with balanced temperatures, and medical products with detailed timeline requirements.
Temperature Controlled Packaging Solutions Market Restraint
Lack of awareness of the advantages of temperature-controlled packaging solutions
- Due to a lack of knowledge about the benefits of temperature-controlled pharmaceutical packaging solutions, few companies in the sector use a temperature-controlled pharmaceutical packaging solution, which is expected to hamper the market growth during the forecast period. Strict government regulations related to the use of certain types of pharmaceutical products in the manufacture of temperature controlled packaging solutions are expected to limit the growth of the temperature controlled packaging solutions market worldwide.
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Temperature Controlled Packaging Solutions Market Competitive Landscape
Global temperature controlled packaging solutions market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global temperature controlled packaging solutions market.
Temperature Controlled Packaging Solutions Market Top Player's Company Profiles
- Sonoco Products Company
- Pelican BioThermal
- Cold Chain Technologies, Inc.
- Sofrigam SA Ltd.
- 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
Temperature Controlled Packaging Solutions Market Recent Developments
- On September 26, 2022, Sonoco ThermoSafe, a unit of Sonoco Products Company, and United Cargo announced a global charter agreement for the new Pegasus ULD, a temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders to access Pegasus ULD containers directly from United Cargo.
- In 2021, DHL, a global logistics company, announced the launch of its new SmartSensor Express solution, a temperature monitoring system for high-value and temperature-sensitive shipments. The SmartSensor Express provides real-time temperature monitoring and alerts during transport, enabling proactive intervention to prevent temperature excursions.
- In February 2020, Pelican BioThermal LLC announced the acquisition of NanoCool LLC. Thus, the company is engaged in the manufacture of temperature controlled packaging systems.
Temperature Controlled Packaging Solutions Key Market Trends
- Temperature sensitive pharmaceutical products, such as vaccines, are increasing the demand for more efficient temperature controlled packaging. Also, technologies such as temperature controlled packaging have the potential to create efficient and profitable sensitive drug supply chains and vaccination supply chains. Disruptions in the cold supply chain of temperature sensitive pharmaceuticals are causing vaccine waste globally. The World Health Organization (WHO) estimates that lyophilized vaccines account for 50% of annual global vaccine waste, while liquid vaccines account for 25%. Temperature sensitive vaccines must be kept at a constant temperature of 2°C-8°C to ensure their effectiveness. A stable temperature should be maintained in the laboratory to ensure that the vaccines do not pose any health risks to patients. Temperature controlled packaging technology has been enhanced and advanced to reduce product waste, a major trend in the market. Moulded technical insulation foams are predicted to clear the way for efficient and economically sensitive drug and vaccine supply chains. Also, the World Health Organization (WHO) and the United Nations Children's Fund (UNICEF) have set standards and guidelines for production waste prevention.
Temperature Controlled Packaging Solutions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global temperature controlled packaging solutions market analysis, by region, North America dominated the global market by more than 40% of the revenue share. Asia Pacific region is expected to have the fastest CAGR during the forecast period. This growth is driven by the expansion of pharmaceutical and food &beverage companies in emerging economies such as India and China. By product segment, Insulated shippers segment is expected to hold the largest market share of 55.5% and are expected to grow at a significant CAGR during the forecast period. Strict government regulations related to the use of certain types of pharmaceutical products in the production of temperature controlled packaging solutions are major factors hampering the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 40.74 billion |
| Market size value in 2031 | USD 186.29 billion |
| Growth Rate | 18.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
Temperature Controlled Packaging Solutions Market Recent Developments
|
| 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 Temperature Controlled Packaging Solutions 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 Temperature Controlled Packaging Solutions 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 Temperature Controlled Packaging Solutions 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 Temperature Controlled Packaging Solutions 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 Temperature Controlled Packaging Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Temperature Controlled Packaging Solutions 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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