Global Temperature Controlled Packaging Solutions Market Insights Forecasts to 2032

• The Global Temperature Controlled Packaging Solutions Market Size was valued at USD 36.1 Billion in 2022.
• The Market is Growing at a CAGR of 6.8% from 2022 to 2032.
• The Worldwide Temperature Controlled Packaging Solutions Market size is expected to reach USD 69.7 Billion by 2032.
• Asia Pacific is expected to grow the fastest during the forecast period.

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The Global Temperature Controlled Packaging Solutions Market Size is expected to reach USD 69.7 Billion by 2032, at a CAGR of 6.8% during the forecast period 2022 to 2032.

 

Market Overview

Temperature controlled packaging (TCP) is a strong semi-rigid liner that provides better physical protection against impact or crushing and superior insulation compared to Bio foam. Cold chain is used in the creation of solutions for temperature-controlled packaging. The cold chain is therefore more than just a series of operations that must be carried out to transport, prepare, store, and keep track of temperature-sensitive goods. It is a science that also requires knowledge of the biological and chemical factors that affect perishability. Together, a cold chain is a system that makes use of a variety of physical tools and specialized machinery to maintain proper temperatures along the supply chain. Additionally, the country's expanding pharmaceutical industry fuels the demand for temperature-controlled packaging options. This is due to the increased emphasis on biopharmaceuticals, which frequently require continual temperature control to preserve their fragile molecular structure and efficacy. Examples of these include vaccinations, gene treatments, and personalized medications. The demand for dependable temperature-controlled packaging solutions in the nation is on the rise as a result of the growing production and distribution of biopharmaceuticals.

 

Report Coverage

This research report categorizes the global temperature controlled packaging solutions market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global temperature controlled packaging solutions market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global temperature controlled packaging solutions market. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market.

 

Driving Factors

Increased demand for frozen foods and biopharmaceuticals, such as vaccines, enzymes, and others, which need a consistent temperature throughout their production to distribution cycle, is credited with driving the expansion of the sector for temperature-controlled packaging solutions. The strict requirements imposed on the food and beverage goods delivered both domestically and internationally are what are fueling the expansion of the U.S. market for temperature-controlled packaging solutions. For the packaging of export-oriented or perishable food products, the U.S. The Food and Drug Administration (FDA) requires options for packaging that regulates temperature. It does this to avoid foodborne illnesses and preserve the quality of its principal food exports, including soybean oil, fruits, nuts, and other goods. To export these products to its main trading partners, such as Mexico, Canada, and Europe, compliance with this legislation is required.

 

Restraining Factors

Packaging solutions that passively regulate temperature are becoming more and more common. But factors like higher initial costs for thermally controlled packaging, a lack of awareness about packaging solutions in some developing nations, and strict government regulations on the shipment of temperature-sensitive goods like drugs and pharmaceutical products are restricting the market's ability to grow in terms of revenue to a greater extent during the forecast period.

 

Market Segmentation

• In 2022, the passive systems segment is dominating the largest market share of 64.0% during the forecast period.

On the basis of type, the global temperature controlled packaging solutions market is segmented into different segments such as passive systems and active systems. Among these segments, the closure devices segment is expected to have significant development potential during the forecast period due to their superior environmental sustainability and cost-effectiveness versus active systems. Without the use of external power or mechanical components, passive systems offer thermal insulation and temperature stability to temperature-controlled packaging solutions. This is anticipated to accelerate the segment's growth even more.

 

• In 2022,the insulated shipper segment is influencing the market with the largest market share during the forecast period.

Based on the product, the global temperature controlled packaging solutions market is segmented into various types such as insulated container, insulated shipper, & refrigerants. Among these segments, the insulated container segment is dominating the market with the largest revenue share during the forecast period due to their distinctive qualities, which include being lightweight and transportable, making them appropriate for product delivery of modest quantities. The need for this product is driven by the fact that they are primarily used for individual packing or packages, such as pharmaceutical vials, little food items, and clinical samples. Also, Bulk products can be exported using these containers, which also have features like tight sealing, double-walled construction, and cutting-edge insulation materials. It creates a temperature-controlled atmosphere, reduces temperature swings, and guarantees that these products stay within the appropriate temperature range. These elements are expected to support this segment's growth significantly.

 

• In 2022, the airways segment is influencing the market with the largest market share during the forecast period.

Based on service type, the global temperature controlled packaging solutions market is segmented into various types such as airways, waterways, & roadways. Among these segments, the airways segment is influencing the market with the largest market growth during the forecast period owing to the fastest and safest method of ensuring product delivery and distribution, particularly for international trade, is by air. Unit Load Devices (ULD), which are regular-sized cargo containers used on board aircraft, are frequently loaded with perishable goods. There are numerous separate sizes used for different types of aircraft. Containers of the same size are kept for temperature-controlled commodities to keep contents chilled or frozen using either electricity or dry ice. Over the projection period, these elements are anticipated to fuel this segment's revenue growth.

 

• In 2022, the food & beverage (F&B) segment is dominating the market with the largest market share over the forecast period.

Based on the application, the global temperature controlled packaging solutions market is segmented into different segments such as pharmaceutical, food & beverage (F&B), chemical and materials, & others. Among these segments, the food & beverage (F&B) segment is dominating the market with the largest revenue share during the forecast period due to expanding global food consumption. Fresh produce, dairy products, eggs, and frozen meals are among the products that must be packaged and shipped in temperature-controlled containers. Additionally, solutions for cold chain packaging maintain food's optimum freezing temperatures, protect produce's freshness, and prevent delicate items like chocolates and confections from melting in transportation. These factors are predicted to drive this segment's revenue growth throughout the anticipated time period.

 

Regional Segment Analysis of the Temperature Controlled Packaging Solutions Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America led the market with the largest market share of 40.0% during the forecast period.

 

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North America is dominating the significant market growth over the forecast period. This can be attributable to the country's growing healthcare industry, which in turn fuels demand for temperature-controlled packaging solutions used to carry and store medications, vaccines, biologics, and medical equipment that must be kept at specific temperatures. Additionally, with the rise in popularity of online grocery shopping and food delivery, it is important to make sure that perishable items like groceries, meal kits, and cooked foods are delivered to customers at the proper temperatures. As a result of their critical role in preserving the quality and safety of these goods throughout transit, temperature-controlled packaging options, such as insulated shippers and containers, are a major factor in the expansion of the regional market.

 

Aisa Pacific is expected to experience high revenue market growth during the forecast period due to the rising cross-border commerce in agricultural goods that are temperature-sensitive, including vegetable oils, grains, fish, and shellfish. For instance, the biggest exporters of palm oil are nations like Malaysia and Indonesia. Similar to this, big rice exporters to various European nations include Thailand and Vietnam. Growth in the regional market is predicted to be fueled by the growing demand for effective temperature-controlled packaging solutions to protect product quality.

 

Competitive Analysis

The report offers the appropriate analysis of the key organizations/companies involved within the global Temperature Controlled Packaging Solutions market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Sonoco Products Company
• Cryopak Industries Inc.
• DGP Intelsius
• Cold Chain Technologies
• Envirotainer
• CSafe
• AmerisourceBergen Corporation
• Deutsche Post DHL Group
• Inbox Solutions
• APEX Packaging Corporation
• TPC Packaging Solutions
• PCI Pharma Services
• Safe Box
• Aeris
• DGR PACKAGING & SUPPLY PTE LTD
• Valor Industries

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In March 2021, Cold Chain Technologies intended to establish new regional offices in the Netherlands to increase the market for its temperature-controlled systems in the EMEA (Europe, the Middle East, and Africa) region.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Temperature Controlled Packaging Solutions Market based on the below-mentioned segments:

 

Global Temperature Controlled Packaging Solutions Market, By

• Passive Systems
• Active Systems

 

Global Temperature Controlled Packaging Solutions Market, By Product

• Insulated Container
• Insulated Shipper
• Refrigerants

 

Global Temperature Controlled Packaging Solutions Market, By Services

• Airways
• Waterways
• Roadways

 

Global Temperature Controlled Packaging Solutions Market, By Application

• Pharmaceutical
• Food & Beverage (F&B)
• Chemical and Materials
• Others

 

Temperature Controlled Packaging Solutions Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa