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

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.