The temperature controlled packaging market is set to grow over 8% CAGR from 2020 to 2030, driven by demand in food and healthcare industries.
Rising demand for efficient transportation of perishable food products across remote geographies, coupled with elongating supply chains incorporating multi-modal supply routes, requires optimal temperature handling for longer durations. This has resulted into increased sales of temperature controlled packaging solutions across all geographies, especially insulated containers. This is attributable to their high suitability for packaging perishable and temperature-sensitive products.
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Key Takeaways of Temperature Controlled Packaging Solutions Market Study
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“Leading pharmaceutical manufacturers demand effective packaging formats for biologics and specialty drugs, as such products are extremely temperature-sensitive and any compromise in handling them can significantly affect product efficiency. This is expected to present remunerative growth potential for all participants of the supply chain in the global temperature controlled packaging solutions market.”
Temperature Controlled Packaging Solutions Market Landscape
FMI has identified Sonoco Products Company, Pelican BioThermal LLC, Snyder Industries Inc., GEBHARDT Logistic Solutions GmbH, and ACH Foam Technologies, LLC as the leading players in the global temperature controlled packaging solutions market.
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These companies are also introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors. Various food and pharma companies opt for leasing or renting temperature controlled shippers/containers as per their requirements. This is profitable for the manufacturers of temperature controlled packaging solutions, as shipper/container manufacturers achieve reduced cost of ownership and increased return on investment, hence higher profits.
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The article discusses the growth of the global temperature controlled packaging solutions market.
The market is growing due to increased demand for transporting perishable goods and pharmaceuticals efficiently.
South Asia and East Asia are significant, expected to hold over 30% of the market share by 2030.
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