A recent report published by
Infinium Global Research on temperature controlled packaging market provides an 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 global temperature controlled packaging market. According to the
report, the global temperature controlled packaging market is projected to grow
at a CAGR of over 9% over the forecast period of 2022-2028.
The revenue generated by the temperature controlled packaging market was over USD 13 billion in 2022 and is expected to reach about USD 22 billion in 2028 and is expected to grow with a CAGR of over 9% over the forecast period 2022-2028. 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.
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.
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
helping the covid-19 infected patients by providing them with advanced
technology with material-based temperature controlled packaging.
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 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 market growth in this region.
The report on the 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, clinical supply chain, and others.
On the basis of end-user, the sub-markets include food and beverage,
healthcare, chemicals, biothermal, and others.
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, United Parcel Service, Inc., Envirotainer AB, and
FedEx Corporation.
The report provides deep insights
into 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 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 2022-2028. 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 insight into the market share of the leading players.
Please Choose One of them.