The temperature controlled packaging market is set to grow over 8% CAGR from 2020-2030, driven by demand in food and pharma industries for insulated solutions.
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.
On the back of these factors, the global temperature controlled packaging solutions market is projected to register an impressive CAGR of over 8% during 2020-2030.
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Key Takeaways of Temperature Controlled Packaging Solutions Market Study
“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.”
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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.
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.
About Temperature Controlled Packaging Solutions Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global temperature controlled packaging solutions market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections of the temperature controlled packaging solutions market on the basis of system type (active and passive), product type (insulated shippers, insulated containers, and others), application (frozen, chilled, and ambient), and end use (food & beverages, healthcare, and others), across seven regions.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The article discusses the growth of the temperature controlled packaging solutions market, driven by demand in food and pharmaceutical industries.
Why is the chilled segment significant? It is projected to hold 43% of the market due to the need for efficient shipping of pharmaceuticals and food.
Which regions are key in this market? South Asia and East Asia are expected to hold over 30% of the market share by 2030.
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