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

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.