Passive Temperature Controlled Packaging Solutions Market : Top Growth by Business Manufacturers

Accelerating need for adequate temperature assurance during storage and transit of perishable food products continues to drive adoption of passive temperature-controlled packaging solutions. Global demand for passive temperature-controlled packaging solutions is set to push revenue growth of the global market at a CAGR of over 9% during 2019 - 2029. While food & beverages and pharmaceuticals would remain key end-use industries, a sizeable sales volume will be accounted by meat, seafood, and dairy products, says a new Future Market Insights (FMI) report.

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Companies are showing high preference for passive temperature-controlled packaging solutions as a cost-effective means. Moreover, pharmaceutical products are being increasingly shipped over long distances, incorporating multi-modal supply routes. This process requires the optimal temperature handling of products. Usage of passive temperature-controlled packaging solutions in shipping pharmaceuticals and food products will thus remain the key driver for market growth over forecast period.

Key Takeaways - Passive Temperature-controlled Packaging Solutions Market Study

Food & beverages is a significant end-use industry in the Western Europe passive temperature-controlled packaging solutions market, which is expected to account for market share of 50% during the forecast period.

The insulated containers segment is likely to remain prominent in the global passive temperature-controlled packaging solutions market. These containers aid in maintaining the temperature of food and pharmaceutical products during transit and storage.

Passive temperature-controlled packaging solutions are expected to be highly adopted in the pharmaceutical industry during the forecast period, as compared to other industries.

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In 2019, CSafe Global expanded its passive temperature-controlled packaging solutions portfolio with a launch of AcuTemp Plus to address the cold chain needs of cell and gene therapies, clinical trials and commercial pharma.

In the North America region, the frozen segment of the passive temperature-controlled packaging solutions is expected to represent market share of 31% during the forecast period.

World Health Organization (WHO) is continuously focusing on reducing vaccine wastes, worldwide. Various programs have been initiated to monitor vaccine wastage at country levels, emphasizing proper transportation and handling of vaccines. This would hold a major impact on the passive temperature-controlled packaging solutions market.

The global passive temperature-controlled packaging solutions market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product:
Insulated Shipper
Envelops & Panels
EPS
PUR
VIP
Others
Insulated Container
Chest
Upright
Others

Application;
Frozen
Chilled
Ambient

End-use Industry:
Pharmaceuticals
Food & Beverages
Others

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Who Is Winning?
Manufacturers of passive temperature-controlled packaging solutions are expanding their geographical reach by acquiring small players. Moreover, many passive temperature-controlled packaging solution players are focusing on new product developments and strategic partnerships with suppliers and distributors in various regions across the globe to strengthen the market reach and drive the demand for effective passive temperature-controlled packaging solutions. For instance,

In 2018, Tower Cold Chain Solutions, suppliers of passive temperature-controlled packaging solutions, strengthened its global market with its new TOWER Dublin facility, which offers enhanced services to the Ireland market. In June 2017, va-Q-tec AG announced the establishment of its Japanese subsidiary, va-Q-tec Japan G.K., which is located in Tokyo. This helps in strengthening its presence in the Asia Pacific region.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.