Global Temperature Controlled Packaging Solution Market

The global temperature-controlled packaging solution market was valued at USD 28.23 billion in 2020 and is expected to reach USD 92.08 billion with a CAGR of 18.4% during the forecast period, 2021-2027. The increasing use of temperature-controlled packaging, rising insulated shippers’ technology, and advancements in digitization in temperature-controlled packaging solutions are the major factors restoring the growth of the global temperature-controlled packaging solution market. Furthermore, the growing demand for active containers has active temperature control due to temperature accuracy of active systems is the highest compared to passive systems is among the important factors likely over the forecast period to drive the global market growth for temperature-controlled packaging solutions.

What are Temperature Controlled Packaging Solutions?

Temperature-controlled packaging solutions are ideal for transporting heat-sensitive products under extreme conditions like intense heat and long-term. They provide end users with higher performance, higher efficiency, better temperature maintenance and thinner side thickness than other insulation, reducing the volume and weight of the cold heat source used. Moreover, Temperature-controlled packaging is precisely designed to preserve the proper temperature of sensitive products; temperature-controlled packaging type acts as a protection to guard goods from damage. Several industries use temperature-controlled packaging to prevent food products, healthcare products, dairy products, & other heat-sensitive products in extreme climate conditions.

Growth Driver

Growing Pharmaceutical Industries

The deployment of new, well-organized, high-performance convection systems for pharmaceutical storage and delivery is expected to provide new growth prospects for the temperature-controlled pharmaceutical packaging solutions industry. The increasing practice of insulating vacuum plates with phase change materials may increase the shelf life of stored pharmaceuticals. Therefore, the increasing adoption of these advanced technologies in the pharmaceutical industry is expected to support the growth of the world market. The pharmaceutical manufacturer’s focus is currently incubating the production of drugs and therapies for rare diseases. These drugs include high-value ingredients and short shelf life, requiring a harsh temperature-controlled environment. In addition, the demand for quality and compliance is growing faster than innovation. Some market players focus on reinforced composite materials with high stability and thermal protection to differentiate their products from the competition.

Opportunities

Digitization In Temperature-Controlled Packaging Solution Market

These digital platforms track various aspects of cold chain payload shipments, such as temperature, location, and vibration, and provide information such as flight schedules, weather, and assurance of fast delivery of goods. Logistics monitoring systems will also provide insight into problem areas along the cold chain to take action needed to mitigate past damage. The pharmaceutical and biopharmaceutical industries’ reliance on temperature-sensitive shipments increases with the development of new drugs, vaccines and other products. Heat-sensitive packaging solutions providers focus on improving their service to these businesses by providing more control over the cold chain to minimize tonnage loss.

Restraints

Strict Rule-Regulation on Shipment

Due to the increasing study about environmental pollution, the government is enacting strict regulations to minimize the impact. The European Union has imposed regulations on post-consumer waste recovery. Packaging waste, especially from the cold chain, is caused by companies adapting to outdated and cheaper delivery solutions. The government and other public institutions focused on reducing cold chain carbon emissions and building sustainable networks. In addition, regulations governing this extremely sensitive product are becoming increasingly stringent as some local governments consider eliminating or reducing the use of EPS (expanded polystyrene foam), an insulation material.  Increasingly strict regulations will hinder the development of the market. High investment and maintenance costs and low morbidity in rural areas are also likely to limit the market growth.

Pre-Covid-19 impact on the global Temperature-Controlled Packaging Solution Market

Pre covid 19 period, the global temperature-controlled packaging solutions industry is anticipated to grow at the fastest rate due to its reusability and high level of technology. Growing in the food & beverage sector, the surge in the use of canned food, rise product wastage control movements, globalization, and emergence of new technology drive the temperature-controlled packaging solutions market. The growing need for cost-effective shipping solutions for temperature-sensitive products drives the adoption of temperature-controlled packaging solutions across all regions.

Covid-19 impact on the global Temperature-Controlled Packaging Solution Market

Due to the Covid-19 pandemic, demand for temperature-sensitive packaging has increased to distribute Covid-19 vaccines worldwide. Companies have developed packaging systems to transport vaccines, test kits and other essential medicines. Temperature-controlled packaging is susceptible to product damage due to the effects of temperature. Product performance is affected by temperature differences. Covid-19 has driven trends in the temperature-controlled packaging solutions market. Vaccine companies have partnered with suppliers of temperature-controlled packaging to develop custom products for vaccine delivery.

Post-Covid-19 impact on the global Temperature-Controlled Packaging Solution Market

Post covid-19 transformations in political conditions, trade, economic, and social with expected reforms in environmental regulations will shape the future of the Temperature Controlled Packaging Solutions Market industry over the forecast period. Companies have developed packaging systems to transport vaccines, test kits and other essential medicines projected. Furthermore, digitization is one of the major opportunities to grow the temperature-controlled packaging solution market. Its platforms track various aspects of cold chain payload shipments, such as temperature, location, and vibration, and provide information such as flight schedules, weather, and assurance of fast delivery of goods to help the Temperature Controlled Packaging Solutions Market develop in the post-covid-19 period.

Type Segmental Analysis

Based on the Type, the global temperature-controlled packaging solution market is segmented into Active and passive. The active segment captured the largest market share in 2020 and is likely to grow critically during the forecast period, 2021-2027. The active container has active temperature control, and the temperature inside the container is kept in a specific temperature range with the help of electric cooling or dry ice. The temperature accuracy of active systems is the highest compared to passive systems. The active system offers a stable temperature for long-distance shipment.

Product Segmental Analysis

Based on the Product, the global temperature-controlled packaging solution market is categorized into insulated containers, insulated shippers, refrigerants and others. The insulated shipper segment accounted for the top market in 2020 will likely generate a sizeable revenue in 2021-2027. A widespread range of applications in several industries, including biomedical, pharmaceutical, and food and beverage, are expected to enhance shippers’ utility. The continuous improvement of technology is increasing the demand for isothermal shippers. Implementation of phase change materials and vacuum insulated panels technologies has allowed the insulated shippers to offer temperature ranges at lower distribution costs.

Application Segmental Analysis

Based on the Application, the global temperature-controlled packaging solution market is segregated into Food & Beverage, Biomedical, Pharmaceutical, Others. The Pharmaceutical segment captured the largest market share in 2020 and is likely to generate maximum profit during the forecast period, 2021-2027. It is attributed to the timely delivery of the syringes and drugs without compromising quality. Furthermore, the development of new technologies and increasing usage in the transport of medicines, donor organs, clinical trial distribution products, and blood transfers further induces demand for the temperature-controlled packaging solution market.

Region Segmental Analysis

The global temperature-controlled packaging solutions market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America has a major market share in 2020 and is estimated to rise significantly over the forecast period, 2021-2027. This growth concerns the growing demand for temperature-controlled packaging solutions in the U.S., Mexico, and Canada. Raising investment in the research and development for new drug advances and their transportation is accelerating the growth of temperature-controlled packaging solutions in this region.

Competitor Analysis

Companies include Inmark Packaging, Sonoco Product Company, Cold Chain Technologies Inc., Fed EX Corp., Pelicon Biothermal LLC, Amerisource Bergen Corp., Deutsche Post AG(DHL), Sofrigram SA Ltd., Softbox system, Testo SE & co., Tempack and Cropack, Other Prominent Players are the key players in the global temperature-controlled packaging solutions market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global temperature-controlled packaging solutions manufacturing firm
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In April 2021, Pfizer supported the development of the specialized and reusable ultra-low temperature (ULT) shipper to help them distribute ultra-low temperature vaccines and store them at Point of Use (POU).
• In March 2021, Cold Chain Technologies planned to expand its temperature-controlled solutions in Europe, the Middle East, and Africa by opening new regional headquarters in the Netherlands.
• In Nov 2020, Sonoco Products Company launched an EOS line of parcel shippers. The product is a recyclable temperature control packaging system. The product is made for life science and perishable food products.

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 28.23 Billion
The revenue forecast in 2027	USD 92.08 Billion
Growth Rate	CAGR of 18.4% from 2020 to 2027.
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Inmark Packaging, Sonoco Product Company, Cold Chain Technologies Inc., Fed EX Corp., Pelicon Biothermal LLC, Amerisource Bergen Corp., Deutsche Post AG(DHL), Sofrigram SA Ltd., Softbox system, Testo SE & co., Tempack and Cropack, Other Prominent Players

Market Modelling

By Type

• Active
• Passive

By Product

• Insulated Containers
• Insulated Shippers
• Refrigerants
• Others

By Application

• Food & Beverage
• Biomedical
• Pharmaceutical
• Others

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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