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Temperature Controlled Packaging Market was valued US$ 8.71 Bn by 2027 with a CAGR growth rate of 6.1% in the forecast period from 2019 to 2027 - Pelican BioThermal, Sonoco Products

02-24-2020 02:50 PM CET | Logistics & Transport

Press release from: The Insight Partners

Temperature Controlled Packaging Market

Temperature Controlled Packaging Market

According to the new research report published by The Insight Partners, titled "Temperature Controlled Packaging Market -- Global Analysis and Forecast to 2027", the global temperature controlled packaging market was valued US$ 5.12 Bn in 2018 and is expected to reach US$ 8.71 Bn by 2027 with a CAGR growth rate of 6.1% in the forecast period from 2019 to 2027. In 2018, the U.S. held the largest market share in North America temperature controlled packaging market, growing at a CAGR of 5.4%.

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Company Profiles

ACH Foam Technologies, LLC
Cold Chain Technologies, Inc.
Pelican BioThermal LLC
Sofrigram SA Ltd.
Sonoco Products Company
Tempack Packaging Solutions, S.L.
Exeltainer
Cryopak A TCP Company
Softbox Systems Ltd.
Sorbafreeze Ltd

Factors such as steady demand from end-user industries such as healthcare and pharmaceutical are projected to provide constant growth opportunities during the coming years. In addition to this, relatively fast-growing economies in the region such as Mexico, Netherlands, Czech Republic, Poland, and Luxembourg among other countries are anticipated to attract significant growth in the North American and European regions. Whereas, the market growth in the developed countries is attributed to a substantial adoption of advanced temperature packaging solutions by the end-user industries in the respective countries.

Currently, the companies operating in temperature controlled packaging market provide a broad range of products, as well as solutions for the temperature-controlled packaging such as active single-use containers, passive, insulate shippers, refrigerated containers and reusable insulted containers among others. Thus, based on packaging type, the temperature controlled packaging market is broadly classified into active and passive packaging type. Moreover, the passive segment is further sub-segmented into single-use and multiple-use passive packaging type.

Whereas by end-user, the temperature controlled packaging market is divided into pharmaceutical, healthcare, and others (food & beverage, chemicals, government, aerospace & defense). Finally, by geographically the temperature controlled packaging market is bifurcated into North America and Europe, Asia-Pacific, Middle East & Africa, and South America regions.

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Key findings of the study:

o Numerous healthcare companies choose temperature controlled packaging to ship biological materials, such as blood and platelets, vaccines, semen, cells, DNA, and pathogens. Hence, there is global growth in the healthcare industry, which acts as a key factor in boosting the growth of the market across the world. As a result, the healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period.

o The reusable or multi-use transport packaging is used for multiple shipping, in which the return of empty transport packaging components to the logistics providers can be repeated. After providing goods to the end-use industry, empty containers can be sorted and processed for return to the logistics companies who supply multi-use packaging. Several companies help streamline the returnable container process and help the business achieve the maximum benefit. Thus, the sub-segment is expected to gain major traction during the coming years.

o The hybrid temperature controlled packaging solution constitutes an efficient combination of passive temperature-controlled packaging techniques with existing technologies. For instance, a mixture of phase change materials with thermostatic enabled control devices or components for enabling enhanced packaging solutions. The solution seamlessly modulates the temperature, thus delivering an improved packaging solution and facilitating superior reusability for their clients. As a result, an advanced packaging solution capable of multi-use could have potentially numerous benefits in reducing costs, improving compliance and management of goods during transit.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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