The temperature controlled packaging solutions market is expected to grow at a CAGR of around 9.47% during the forecast period 2020 to 2027 and is expected to reach US$ 20.1 billion by 2027. This research report evaluates the temperature controlled packaging solutions market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global temperature controlled packaging solutions market for the period from 2016 to 2027.
The report provides the overall revenue of the global temperature controlled packaging solutions market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. The study includes drivers and restraints of the global temperature controlled packaging solutions market.
Insulated container temperature-controlled packaging solutions are commonly used because they allow any size of temperature-sensitive shipment to be transported. The Insulated shipper temperature-controlled packaging solution enables lower-cost bulk shipping. In the global temperature-controlled packaging solutions industry, Insulated container temperature-controlled packaging produced the highest revenue in 2016 and is expected to grow at the fastest rate during the forecasted period due to its reusability and advance technology.
The main goal of this research study is to offer a clear picture and a better understanding of the market to the manufacturers, traders, and suppliers operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to convey and develop critical approaches for the further growth of their businesses.
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Stringent rules & regulations formulated by government agencies
- Stringent government regulations associated with the usage of specific types of pharmaceutical products for production of temperature-controlled packaging solution is major factor expected to limit growth of the global temperature-controlled packaging solutions market over the forecast time frame.
- Additionally, many safety measures are essential to maintain during packaging of pharmaceutical product like the container should be clean, dry etc. These factors are predictable to limit the market growth of temperature-controlled packaging solutions for pharmaceuticals. Moreover, certain precautions need to be maintained during the packaging of pharmaceutical products, such as clean and dry containers, etc.
- It is expected that the above factors will limit the market growth of temperature-controlled packaging solutions for pharmaceuticals. In the pharmaceutical industry, the high investment and maintenance costs associated with the temperature-controlled pharmaceutical packaging solution are expected to inhibit market growth over the forecast period.
- Lack of understanding of the advantages of temperature-controlled pharmaceutical packaging solutions, as only a few companies in the industry are using temperature-controlled pharmaceutical packaging solutions, is expected to hamper market growth over the forecast period.
The global temperature-controlled packaging solutions market is segmented into product type, application, and region. Based on form, it is graded into active and passive. It is bifurcated into isolated containers and isolated shippers depending on the commodity. It is classified into healthcare, food & drink, and others by end users. Because of packaging that preserves the condition and nutritional value of food & beverages under severe conditions for later use, the food & beverage industry dominated the market for temperature-controlled packaging solutions. The demand for temperature-controlled packaging solutions in North America, Europe , China, India, Japan, South East Asia, and Central and South America. Growing demand for fresh and frozen foods, combined with increasing use in the pharmaceutical industry, is expected to fuel market growth in the future. In addition, the rapid global growth of the cold-chain industry is expected to have a positive effect on business growth.
Further, rising consumer health awareness has fuelled the worldwide market for fresh fruits and vegetables. China and South Africa have seen rapid increases in fresh food over the past few years. As a result, grocery stores, including supermarkets, hypermarkets and convenience stores, have increased their investment in advanced fruit and vegetable packaging technology.
Additionally, the demand for frozen foods around the world has been boosted by evolving lifestyles and busy schedules. Owing to time constraints, customer tastes are moving towards ready to eat meals. For their shipping, these frozen and ready to cook foods need a particular temperature. Therefore, it is expected that a favorable trend in the consumption of frozen foods would benefit the scope of temperature-controlled packaging. The countries with a strong demand for frozen food are the U.S., China, India and the Philippines.
Growing focus of pharmaceutical manufacturer to produce drugs and therapies for rare diseases
Growing focus of pharmaceutical manufacturers on producing drugs and therapies for rare disease is expected to create lucrative growth opportunities in the global market. Key layers operating in the pharmaceutical industry are investing hugely on the research and development of vaccines for the rare diseases including blood diseases. Increasing government initiatives and rising support encouraging companies worldwide to develop orphan drugs for the rare diseases.
Food and Drug Administration has approved numbers of such drugs for rare diseases in last few years. These orphan drugs are formulated by the ingredients of high value and with the short shelf lives. This results into high requirement of the stringent temperature-controlled atmosphere and thereby this is predictable to raise the ultra-low temperature range packaging solutions and fuelling target industry growth.
Further, outbreak of COVID-19 across the globe has led to increase the research and development of vaccines for the treatment of COVID-19 and thereby boosting growth of the temperature-controlled packaging solutions across the word. Also, distribution range is expanding at rapid pace worldwide, in order to transfer the target products from different climatic zones. Most of the local as well as international players are increasing their global connections and focusing on shipping their products regularly to the end-users. Further, upraised demand for cold chain packaging system is expected to fuel industry growth in the near future.
Acceptance of novel great performance convection systems that are efficient for warehousing as well as supply of healthcare products is predictable to offer huge potential opportunities for the vendors in the global industry across the globe. Moreover, increased adoption of thermal controlled solutions that are used to enhance the shelf life is expected to support growth of the industry. For, instance, demand for the vacuum panel insulation with phase change materials can enhance the shelf life of stored pharmaceutical product hence increasing adoption of such advanced technologies in the pharmaceutical industry is anticipated to fuel the market growth.
- North America showed prominent growth in the global temperature controlled packaging solutions market in 2019 because of being a prior adopter of advanced technologies.
- The Asia Pacific being the largest market for consumer electronics exhibits rapid growth rate over the forthcoming years
- Insulated shippers the global market accounting for more than half of the total market value in 2019 and expected to grow at the fastest rate over the forthcoming years
- Food & Beverages application have gained significant importance over the past few years owing to their increasing demand and opportunity in ready to eat food.
- North America region is expected to gain major share among all region. China expected to generate maximum revenue in 2019 in Asia-Pacific temperature-controlled packaging solutions market.
North America is the largest temperature controlled packaging solutions market for pharmaceuticals. The market is witnessing high growth on the backdrop of burgeoning demand from healthcare sector. The demand for transportation drugs, vaccines and clinical trials in North America has triggered the temperature controlled packaging solutions growth. North America, especially the U.S. is home to many established players which are engaged in developing technologies and process necessary to develop cold chain system efficiently.
Due to the increasingly rising demand for frozen goods and well developed infrastructure in large urban populations, China is a top market for cold chain production. A rapid transition from a manufacturing and construction-led economy to a consumer-led economy is currently under way in China. In the middle class, rapid growth provides tremendous opportunities. The demand for the use of cold chain storage and transportation systems has increased in cities such as Beijing and Shanghai.
Pharmaceutical Temperature Controlled Packaging Solutions Market: https://www.precedenceresearch.com/pharmaceutical-temperature-controlled-packaging-solutions-market
Temperature Controlled Packaging Solutions Market: https://www.precedenceresearch.com/temperature-controlled-packaging-solutions-market
Bag-in-Box Container Market: https://whattheythink.com/news/107262-bag-box-container-market-forecasted-reach-value-around-us-54-bn-2027/
Pharmaceutical Packaging Market: https://www.precedenceresearch.com/pharmaceutical-packaging-market
Food Packaging Market: https://www.precedenceresearch.com/food-packaging-market
Key Players & Strategies
The Temperature Controlled Packaging Solutions industry is highly opportunistic and competitive in nature because of significant advancements and developments in the product to cater the ever-changing consumer demand.
Some of the prominent players in the Temperature Controlled Packaging Solutions market include:
- Sonoco Products Company
- Cryopak Industries Inc
- DHL International GmbH
- DGP Intelsius
- Cold Chain Technologies, Inc.
- Envirotainer AB
- Softbox Systems Ltd
- AmerisourceBergen Corporation
- Inmark Temperature Controlled Packaging
- APEX Packaging Corporation
- OMEGA Engineering
- Olympus Corporation
- WIKA Alexander Wiegand SE & Co. KG
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of material, application, and region:
- Insulated container
- Insulated shipper
- Food & beverage
- North America
- South East Asia
- Central and South America
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The temperature controlled packaging solutions report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Why should you invest in this report?
If you are aiming to enter the global temperature controlled packaging solutions market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for temperature controlled packaging solutions are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Key Points of Temperature Controlled Packaging Solutions Market
Chapter 1: Introduction
Chapter 2: Research Methodology
Chapter 3: Executive Summary
Chapter 4: Market Variables and Scope
Chapter 5: Market Dynamics Analysis and Trends
Chapter 6: Competitive Landscape
Chapter 7: Global Temperature Controlled Packaging Solutions Market, By Product
Chapter 8: Global Temperature Controlled Packaging Solutions Market, By Application
Chapter 9: Global Temperature Controlled Packaging Solutions Market, Regional Estimates and Trend Forecast
Chapter 10: Company Profiles
Chapter 11: Research Methodology
Chapter 12: Appendix
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