Global Temperature Controlled Packaging Solutions Market by Application (Food & Beverage, Healthcare), by Product (Insulated Shipper, Insulated Container) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

The global temperature-controlled packaging solutions market size was valued at USD 9.6 billion in 2018. Market growth is expected to be driven by rising demand for frozen and fresh food, as well as increasing use in the pharmaceutical sector. Market growth will also be influenced by the global rapid growth of cold chain.

The demand for frozen food has increased due to changing lifestyles and hectic schedules. Because of time constraints, consumers are choosing ready-to-eat meals. Ready-to-eat and frozen foods need to be shipped at a certain temperature. Therefore, a favorable trend of the consumption of frozen foods is expected to promote the scope of temperature-controlled packaging. The countries that are most in demand for frozen foods include the United States, China, India and the Philippines. There is a growing demand for convenience meals due to the rising purchasing power in South Asian countries like Bangladesh, Pakistan, India, and Pakistan. The availability of processed food has increased due to the increasing participation rate of women in the workforce over the last few years.

Consumers are more aware of their health and have increased demand for fresh produce all over the globe. In recent years, South Africa and China have seen significant growth in fresh food demand. As a result, supermarkets, hypermarkets and convenience stores have increased their investment in advanced packaging technology for fruits, vegetables, and other foods.

The U.K. and Belgium are also the top importers of fresh fruit and vegetables from developing nations. The most popular fruit in Europe and the U.S. is banana. Therefore, the fresh fruit and vegetable suppliers across the globe are projected to use temperature-controlled packaging solutions for their finished goods over the next few years.

International trade boom and trade liberalization, including the North America Free Trade Agreement and the European Union Free Trade Agreement (FTA), have significantly boosted the logistics sector. This industry is significant and has seen substantial growth over the years.

The international trade in perishable products is also driving the growth of the cold chain industry. This industry has seen technological advancements that have fueled its growth and increased demand for insulated packaging around the globe.

Application Insights

Food and beverage emerged as the largest application segment in the temperature-controlled packaging solutions market and accounted for 49.3% share in 2018. This is due to growing demand for frozen and fresh foods around the globe. Germany imported more than 12 billion dollars worth of fresh food in 2017. India exported approximately USD 1,459.9 millions of fruits and veggies in 2017, including mangoes and walnuts, grapes and pomegranates, onions and bitter gourds. Green chilies, potatoes and green chilies were also among the exports.

The major importing countries of fruits and vegetables to India are the U.K. and UAE. Sri Lanka, Nepal and Malaysia are also important importing nations. The U.S. exported USD 6.3 billion worth of fruit and vegetables in 2015 while its imports surpassed USD 17.60 billion. From 1990 to 2015, the import value of fresh, frozen, and dried fruit and vegetables has increased by 5%. These positive factors in fresh fruits and vegetables industry will likely increase the range of packaging product forms in future.

Healthcare industry product demand is expected to grow at the fastest rate, with a CAGR 8.8% between 2019 and 2025. The product's extensive application reach is driving the high demand. U.S. Food and Drug Administration F.D.A. F.D.A. has established specific thermal requirements for transport, handling, storage, and transportation of drugs. These containers meet all the requirements for healthcare products, including vaccines, drugs, blood, and organs. International health organizations, including the World Health Organization (WHO), have been emphasizing the need to reduce vaccine waste over the last few years. The future demand will be fueled by increasing efforts to reduce vaccine waste.

Product Insights

The largest share, 56.3%, was held by insulated shippers in 2018. The utility of shippers is expected to increase due to the wide variety of uses they have in many industries, including chemical, food and beverage, as well as pharmaceutical and food and drink. The demand for insulated shippers has increased with the constant improvement of technology. The insulated shippers can offer a wide range of temperatures at low distribution costs by using phase change materials (PCMs), and vacuum insulated panels. These products are very useful for shipping pharmaceutical and clinical products.

In 2018, insulated containers earned USD 4.2 billion in revenue. Insulated containers were used primarily for shipping food, biological, chemical and blood materials. These containers are an essential part of the cold chain that controls and documents the temperature throughout the distribution channel.

Regional Insights

With more than 40% of the market, North America was dominant in 2018. It is expected that the high adoption rate for temperature packaging in Canada and the U.S. healthcare industries will continue to be a positive factor for the industry. Furthermore, the rising importance of convenience foods among the working-class population of the U.S. is expected to upscale the requirements of temperature-controlled packaging.

This market is also driven by the increasing demand for fresh fruit and vegetables. Technological improvements in the packaging industry ensure that fruits and vegetables have a long shelf-life. They also preserve the nutritional value of the final products. Demand for this product has been fueled by the large number of American frozen food producers.

North America is the largest market for pharmaceutical products in the world. This industry is dominated by multinational companies such as Johnson & Johnson, Merck &Co, and Pfizer Inc. The Pharmaceutical Research and Manufacturers Association, (PhRMA) states that the United States holds the majority of intellectual property rights to new medicines and more than half of all pharmaceutical R&D.

Market Share Insights & Key Companies

Cryopak Industries Inc., DGP Intelsius, Cold Chain Technologies, Inc., Envirotainer AB, Softbox Systems Ltd., AmerisourceBergen Corporation, DHL International GmbH, Sonoco Products Company, Inmark Temperature Controlled Packaging, and APEX Packaging Corporation are key industry players. Leading manufacturers have increased their R&D spending over the years to improve their products. Softbox Systems Ltd., for example, launched a new pallet and parcel shipping system in the Temperature Controlled Logistics sector (IQPC) in London in January 2019. The products include Tempcell ECO and Tempcell MAX. Tempcell ECO, a 100% recyclable parcel carrier catering to the life sciences sector, is one of them. These parcels are made from corrugated paper materials.

Temperature Controlled Packaging Solutions Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at both the country and regional levels. It also provides analysis of industry trends for each sub-segment from 2014 to 2025. For this study, Grand View Research has segmented the global temperature-controlled packaging solutions market report based on product, application, and region:

• Product Outlook (Revenue USD Million, 2014-2025)

  • Insulated container

  • Insulated shipper

• App Outlook (Revenue USD Million, 2014-2025)

  • Food & Beverage

  • Healthcare

  • Other

• Region Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global temperature controlled packaging solutions market was valued at USD 10.4 Billion in 2019, and is forecast to grow to USD 11.2 Billion by 2020.

b. Global temperature controlled packaging solutions market will grow at 8.3% compound annual growth rate between 2019 and 2025, reaching USD 16.8 billion in 2025.

b. With a market share of 40.8%, North America was the dominant country in temperature controlled packaging solutions in 2019, This is due to the high adoption of temperature packaging in Canada and the U.S. healthcare industries.

b. Cryopak Industries Inc., DGP Intelsius, Cold Chain Technologies, Inc., Envirotainer AB, Softbox Systems Ltd., AmerisourceBergen Corporation, DHL International GmbH, Sonoco Products Company, Inmark Temperature Controlled Packaging, and APE Packaging Corporation are some of the key players in this market.

b. The market growth is driven by rising demand for fresh and frozen foods, as well as increasing applications in the pharmaceutical sector.

Up Market Research published a new report titled “Temperature Controlled Packaging Solutions Market research report which is segmented by Application (Food & Beverage, Healthcare), by Product (Insulated Shipper, Insulated Container), By Players/Companies Inc; Envirotainer AB; Softbox Systems Ltd; AmerisourceBergen Corporation; DHL International GmbH; Sonoco Products Company; Inmark Temperature Controlled Packaging; and APEX Packaging Corporation, Cryopak Industries Inc; DGP Intelsius; Cold Chain Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Temperature Controlled Packaging Solutions Market Report Segments:

The market is segmented by Application (Food & Beverage, Healthcare), by Product (Insulated Shipper, Insulated Container).

Temperature Controlled Packaging Solutions Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Temperature Controlled Packaging Solutions Market

Overview of the regional outlook of the Temperature Controlled Packaging Solutions Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Temperature Controlled Packaging Solutions Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Temperature Controlled Packaging Solutions Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Food & Beverage

                2. Healthcare

                1. Insulated Shipper

                2. Insulated Container

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Temperature Controlled Packaging Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Temperature Controlled Packaging Solutions Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.