Temperature Controlled Packaging Solutions Market size was estimated at $10,893.3 Million in 2019 and is expected to reach $19,704.6 Million by 2027, growing at a CAGR of 8.3% during the forecast period of 2020 to 2027.
Temperature Controlled Packaging Solutions Market Growth Factors
Temperature-controlled packaging solutions are suited for the transportation of temperature-sensitive items in extreme conditions, such as during long periods of extreme heat. They provide the consumers with better performance, higher efficiency over other materials, superior temperature control, and reduced thickness which further reduces the volume and weight of the product packed. The rampant rise in demand for fresh and frozen fruits, canned food, vegetables, meat, dairy products, beverages, and pre-cooked meals is expected to accelerate market growth. Additionally, a greater requirement for temperature-controlled packaging to ship vaccines, drugs, and biological samples in the developed countries are also going to increase the demand for such products in the forthcoming years.
Other movements, such as the emergence of new technology, globalization and awareness of product wastage control push up the temperature-controlled packaging solutions demand. As reported by Million Insights, in less than a decades time the worldwide temperature-controlled packaging solutions market size is expected to garner 16.8billion US dollars. This could be due to growth in the emerging economies in the healthcare sector creating opportunities. The increasing population in developing countries like China, India and Japan is expected to make use of such opportunities in the future. Furthermore, a hike in the number of organized retails in these countries calls to boost market growth. Novel innovations are essential to the growth of this industry. The key players are investing more in research to develop more effective variants of temperature-controlled packaging solutions.
On the other hand, the ever-changing costs of raw materials, as well as high capital investment and variable costs, could restrict the growth of the market for temperature-controlled packaging solutions. Further, stringent rules and regulations formulated by the government may hamper the growth of the market. But on the consumer end, more disposable income and greater purchasing power in developed areas can take the suppliers towards profitability over the coming years.
Temperature Controlled Packaging Solutions Market Segmentation
Temperature Controlled Packaging Solutions Market Country Analysis
Growing at a CAGR of 10.2% during the forecast period (2017-2023), the global temperature-controlled packaging solutions markets is projected to be valued at $16 billion by 2023. Controlling over 40% of the global share, North America dominates this market. The fast-paced shift to temperature packaging solutions in Canada and the U.S. has positioned North America as the leading player in this market. The demand for temperature-controlled packaging solutions is expected to skyrocket in the U.K., Malaysia, Saudi Arabia, Nepal, and UAE due to the importation of fresh vegetables and fruits from India and the U.S. Key participants in this market include Cold Chain Technologies, Inc., AmerisourceBergen Corporation, and APEX Packaging Corporation.
Temperature Controlled Packaging Solutions Market Share and Competition
Key companies operating in this industry are: Pelican BioThermal LLC, Sonoco Products Company, Cold Chain Technologies, Inc., FedEx Corp., AmerisourceBergen Corp., Deutsche Post AG (DHL), Sofrigram SA Ltd., ACH Foam Technologies, LLC, Tempack and Cropak, and Testo SE & Co., OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, Olympus Corporation, KIMO, ILLIG Maschinenbau GmbH & Co. KG, and SKF.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Active
• Passive
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Insulated containers
• Insulated shippers
End User Analysis (Revenue, USD Million, 2020 - 2027)
• Food & Beverage
• Healthcare
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Temperature Controlled Packaging Solutions Market Companies
• Pelican BioThermal LLC
• Sonoco Products Company
• Cold Chain Technologies, Inc.
• FedEx Corp.
• AmerisourceBergen Corp.
• Deutsche Post AG (DHL)
• Sofrigram SA Ltd.
• ACH Foam Technologies, LLC
• Tempack and Cropak.
• Testo SE & Co.
• OMEGA Engineering
• WIKA Alexander Wiegand SE & Co. KG
• Olympus Corporation
• KIMO
• ILLIG Maschinenbau GmbH & Co. KG
• SKF
Available Versions:-
United States Temperature Controlled Packaging Solutions Market Industry Research Report
Europe Temperature Controlled Packaging Solutions Market Industry Research Report
Asia Pacific Temperature Controlled Packaging Solutions Market Industry Research Report
The world leading company providing packaging solutions, C-Safe Global, announced the launch of its new ‘Acutemp Plus Series’ on 19 November 2020. The solution they provided is for the ease of people in packaging exercises. The Chief Executive Officer of the company C-Safe Global, Patrick Schafer, informed, “The AcuTemp Plus Series has been developed with our customers in mind, offering them the level of performance and quality they expect, while delivering the peace of mind they deserve.” The company manufactured this new packaging solution with a combination of proprietary VIP and enhanced PCM technology.
Bobst Co., a globally leading digital systems and automation solutions provider, has launched a new range of machines on 9 June 2020. The company’s vision, through this launch, is to reshape and invent new solutions for the packaging industry. “The new products and BOBST Connect are part of our vision for the future for packaging production, which is anchored in data access and control across the entire workflow, helping packaging manufacturers and converters to become more flexible and agile.”, said the Chief Executive Officer of Bobst Co., Jean-Pascal Bobst.
