A recent report published by Infinium Global Research on temperature controlled packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional temperature controlled packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional temperature controlled packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global temperature controlled packaging market. According to the report, the global temperature controlled packaging market is projected to grow at a CAGR of 9% over the forecast period of 2021-2027. The global temperature controlled packaging market was valued at nearly USD 12 billion in 2021 and is expected to reach around USD 20 billion in 2027.

Market Insight

The temperature-controlled packaging ensures that both temperature-sensitive and insensitive products can be shipped within one single packaging unit that can contain any size of the temperature-sensitive shipment. Temperature-sensitive goods require suitable packaging to protect them from damage and insulate them from different temperature conditions. That's because food and medicines have precisely defined temperature profiles and these are not only important during manufacture and storage, but also during transportation activities. Temperature-controlled packaging is also known as cold chain technology referring to packaging and distribution methods specifically engineered to keep products at a constant temperature from production through final distribution. The most common material that is been used to create Temperature Controlled Packaging is insulation materials, phase change materials, and also heating elements. Temperature-controlled packaging solutions come under different types, designed in order to provide protection for specific cold chain applications. The COVID-19 outbreak had a significant impact on packaging for the food & beverage industry across the world. After the covid crisis, the buying behavior of consumers has changed because they are afraid that the packaging may contain a virus that could infect them. As governments had imposed various regulations in order to stop the spread of this virus, supply chain activities got disrupted due and the food and beverage industries got majorly impacted due to a shortage in packaging materials. Moreover due to lockdowns being imposed people were been restricted to move out of their houses so this, in turn, affected the production activities across various industries. Many market players initiated for helping the covid-19 infected patients by providing them with advanced technology material-based temperature-controlled packaging.

Growing demand from the foods industry and combined with increasing use in the pharmaceutical industry is expected to propel market growth in the future. Moreover, the evolving lifestyle and busy schedules from the work culture have increased the demand for frozen food as the consumer is more aware related to health awareness. Due to the increasing research and development programs across the globe to boost the manufacturing and packaging processes in the pharmaceutical and biotech industries. Many safety measures are required to maintain during the packaging of pharmaceutical products like the container should be clean, dry, etc. These factors are expected to hinder the market growth of temperature-controlled packaging solutions for pharmaceuticals. The growing focus of pharmaceutical manufacturers on producing drugs and therapies for rare diseases is expected to create lucrative growth opportunities in the global market

Among the regions, North America accounted for the largest share in the global temperature controlled packaging market. The increasing demand for transportation drugs, vaccines, and clinical trials in North America has prompted the temperature-controlled packaging solutions growth. Moreover, the key players that are engaged in developing technologies and processes necessary to develop cold chain systems efficiently. However, the Asia Pacific region is anticipated to grow at the highest rate in the global temperature controlled packaging market over the forecast period. China is considered to be one of the top markets for cold chain production. The demand for the use of cold chain storage and transportation systems has increased majorly in cities such as Beijing and Shanghai. The rising demand for frozen goods and well-developed infrastructure in large urban populations create tremendous opportunities for its market growth in this region.

Segment Covered

The report on global temperature controlled packaging market covers segments such as product, application, and end-user. On the basis of product, the sub-markets include active systems, and passive systems. On the basis of application, the sub-markets include perishable goods delivery, cold chain stock, cold chain airfreight, clinical supply chain, and others. On the basis of end-user, the sub-markets include food & beverage, healthcare, chemicals, biothermal, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Sonoco Products Company, Cold Chain Technologies LLC, Va-Q-Tec AG, Pelican BioThermal LLC, Softbox Systems, Sofrigam SA, DGP Intelsius GMBH, Inmark, LLC, Envirotainer AB, and AmerisourceBergen Corporation.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of temperature controlled packaging market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.