Press release
Temperature Controlled Packaging Market to 2027 - Worldwide Industry Leading Players are Exeltainer, Pelican BioThermal, Sofrigram, Sonoco Products Company, ACH Foam Technologies, AmerisourceBergen
Temperature Controlled Packaging Market
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The industries in North America are already working toward implementing a temperature controlled packaging systems for storage and transportation of temperature-sensitive products at a controlled temperature environment. Temperature controlled packaging systems comprises of designed packaging containers and shippers that maintain a controlled temperature environment to limit exposure of the product to low or high temperatures during shipment. Demand for transporting products from various industries in the North America region has considerably risen due to the need for packaging and logistics solutions. Hence, this factor is fuelling the demand for temperature controlled packaging solutions in the region.
The temperature controlled packaging market accounted for 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% during the forecast period.
A factor which can be a restraint for Temperature Controlled Packaging can be some companies do not collaborate with service providers or they don't take advantage of digitization as they don't have awareness for the same. Nevertheless, digitization in services is opting by an online company to know more exactly about consumer behavior plus it makes business policies flexible to adopt changes as per the market condition on which success and growth of an organization depend which will give more growth opportunities in coming years.
The Emerging/Prominent key players include in this research are:
o ACH Foam Technologies, LLC
o Cold Chain Technologies, Inc.
o Pelican BioThermal LLC
o Sofrigram SA Ltd.
o Sonoco Products Company
o Tempack Packaging Solutions, S.L.
o Exeltainer
o Cryopak A TCP Company
o Softbox Systems Ltd.
o Sorbafreeze
The healthcare end-use industry segment is anticipated to grow at a substantial rate during the forecast period. Owing to the growing usage of temperature controlled packaging systems to ship specialty drugs and vaccines. The active type segment is anticipated to grow at a higher CAGR due to the rising adoption of cost-effective active packaging systems by the healthcare industry.
Temperature control during shipment is critical to avoid any damage to the healthcare materials. Several companies operating in the global market provides temperature controlled boxes and cooling packs to maintain the temperature required from pickup to delivery for the healthcare industry.
Asia Pacific is estimated to be one of the fastest growing markets for Temperature Controlled Packaging market. Major countries in the Asia Pacific region are China, Japan, South Korea, India and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of Temperature Controlled Packaging market. Middle East and rest of the World are estimated to be emerging regions for Temperature Controlled Packaging market.
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The reports cover key developments in the temperature controlled packaging solution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from temperature controlled packaging solution market are anticipated to lucrative growth opportunities in the future with the rising demand for temperature controlled packaging solution in the global market. Below mentioned is the list of few companies engaged in the temperature controlled packaging solution market.
Chapter Details of Temperature Controlled Packaging Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Temperature Controlled Packaging Market Landscape
Part 04: Temperature Controlled Packaging Market Sizing
Part 05: Temperature Controlled Packaging Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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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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