Europe Temperature Controlled Packaging Solutions Market Soaring High: Projected to Reach US$ 6.9 Billion by 2033 with a Robust CAGR of 7.3%

According to Future Market Insights' latest report, Europe temperature controlled packaging solutions market is forecast to be valued at US$ 3.9 billion in 2023. Total sales of temperature controlled packaging solutions across Europe are slated to increase at 7.3% CAGR between 2023 and 2032, taking the market valuation to US$ 6.9 billion by 2033.

Increasing export of temperature sensitive products such as food & beverages and pharmaceuticals and rising demand for efficient packaging solutions for transporting perishable food products are key factors driving Europe's temperature controlled packaging solutions industry.

Shipping of temperature-sensitive products requires protection from undesired weather and other unpredictable factors all while ensuring a constant temperature range. For this purpose, companies across European countries employ temperature controlled packaging solutions.

The supply chain of pharmaceuticals is complex and requires various minute details to be addressed at the time of transportation and delivery. Pharmaceutical products require different temperature ranges during storage and transportation. Growing demand for various medicines along with increasing focus on protecting the integrity of temperature-sensitive pharmaceuticals during transportation and shipping is expected to boost Europe temperature controlled packaging solutions market during the forecast period.

Demand for frozen food is growing rapidly across the world, with Europe accounting for around 40% share of the market. Insulated shipping containers are mainly used for exports and imports of frozen foods products in bulk quantities across European countries. Hence, rising consumption and export of frozen foods will continue to fuel temperature controlled packaging solution sales across Europe over the next ten years.

Similarly, growing popularity of rented temperature controlled packaging solutions is positively influencing market expansion. Several pharma and food businesses opt for renting or leasing temperature controlled containers and shippers as per their requirements. This will create lucrative opportunities for temperature controlled packaging solution manufacturers.

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Key Takeaways from Europe Temperature Controlled Packaging Solutions Market

1. Europe's temperature controlled packaging solutions market is forecast to expand at 7.3% CAGR between 2023 and 2033.
2. By system type, passive segment holds a significant share of the Europe temperature controlled packaging solutions market.
3. Based on product type, insulated containers segment remains the most remunerative category in the market.
4. By end use, food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe temperature controlled packaging solutions industry.
5. Germany is anticipated to account for about 21.8% share of the Europe market by the end of 2033.
6. France holds around 16.8% share of Europe's temperature controlled packaging solutions industry.

"Temperature controlled packaging solutions are gaining enormous market acceptance across Europe since these shippers and containers are designed according to the logistical and regulatory constraints persisting to the transportation of perishable products via cold chain and guarantee a constant temperature irrespective of the transit mode, route or condition," says an FMI analyst

Who is Winning?

1. Sonoco Products Company
2. OLIVO Cold Logistics
3. Snyder Industries Inc.
4. Pelican BioThermal LLC
5. GEBHARDT Logistic Solutions GmbH

are leading players in the market

These companies are developing new innovative temperature controlled packaging solutions as well as introducing rental programs to provide temperature controlled packaging solutions at a lower cost as compared to their competitors.

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Europe Temperature Controlled Packaging Solutions Industry by Category

By System Type:

Active
Passive

By Product Type:

Insulated Shippers
Insulated Containers
Others (Mailers, Gel Packs, etc.)

By Application:

Frozen
Chilled
Ambient

By End Use:

Food
Beverages
Pharmaceutical
Cosmetics & Personal Care
Chemicals

Find Out Other Packaging Reports Here:

Twist Caps Market: https://www.futuremarketinsights.com/reports/twist-caps-market

Europe and the Middle East and Africa Retail Glass Packaging Market: https://www.futuremarketinsights.com/reports/europe-mea-retail-glass-packaging

Air Bubble Bags Market: https://www.futuremarketinsights.com/reports/air-bubble-bags-market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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