Press release
Passive Temperature Controlled Packaging Solutions Market Lucrative in Various Region
Temperature controlled packaging solutions consists of specially designed insulated shippers, insulated containers and coolants that enable a controlled temperature environment to limit the exposure of the packed product to high or low temperatures during transit.
Variegated packaging solutions are available according to the logistical and regulatory constraints persisting to the transportation of perishable pharma and food products via a cold chain and guarantee a constant temperature irrespective of the transit mode, route or condition.
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Significantly rising demand for temperature controlled packaging solutions can be prominently attributed to growing demand for structurally-complex biologics based drugs, which requires strict temperature control to sustain the efficacy.
This coupled with elongating global supply chain of temperature sensitive pharmaceutical products is further pushing the need for efficient temperature controlled packaging solutions. Rising demand for frozen and perishable food products across geographies is also projected to ignite the demand for insulated containers, thus fuelling large revenues in the temperature controlled packaging solutions market.
There has been a significant rise in regulations regarding adherence to stringent goods distribution practices (GDP’s) across all regions, and as more number of pharmaceutical products come under the regulatory requirement of temperature assured packaging, the passive temperature-controlled packaging solutions market is anticipated to grow significantly.
Segmental Forecast
Insulated containers is expected to be the largest product type segment in terms of value in the global passive temperature-controlled packaging solutions market, due to its durability and wide adoption for transportation of perishable food items as compared to insulated shippers.
However, in terms of growth, insulated shippers segment is projected to remain the most prominent throughout the forecast period, primarily due to a prospering bio-pharma industry globally. Moreover, with the advent of advanced VIP based shippers and PCM based coolants, passive temperature controlled packaging solutions are increasingly gaining acceptance for transportation of most temperature sensitive pharmaceutical products, fuelling significant revenues in the passive temperature-controlled packaging solutions market.
Among other sub-segments of insulated shippers, EPS is projected to remain the most preferred shipper type; however, owing to relatively faster growing PUR and VIP based shipper solutions, the EPS segment is expected to lose a significant market share over the forecast period.
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North America is estimated to account for the largest market share by value in 2017; however, owing to rapidly growing demand for passive temperature-controlled packaging solutions in the APEJ region, sales revenue from the APEJ passive temperature-controlled packaging solutions market is anticipated to outpace North America over the forecast period, witnessing a CAGR of 10.9%.
Being home to many prominent bio-pharma manufacturers coupled with high preference for frozen food by the European population, Western Europe is another leading region in the global passive temperature-controlled packaging solutions market, estimated to account for a market share of 21.3% in 2017.
Key Players
Global leaders in the passive temperature-controlled packaging solutions market include insulated shipper manufacturing companies, insulated container manufacturing companies, coolants manufacturing companies and others. Some of the key players covered in this report are Sonoco Products Company, Cold Chain Technologies, Pelican Biothermal LLC, Snyder Industries Inc., Saeplast Americas Inc., Cryopak Industries Inc., Sofrigram SA Ltd., Inmark Packaging, va-Q-tec AG, ACH Foam Technologies, LLC, Tempack Packaging Solutions, S.L., ECOCOOL GmbH, Exeltainer SL, American Aerogel Corporation, Inno Cool India Private Limited, Rak Associate, Softbox Systems, Intelsius - A DGP Company, TKT GmbH, GEBHARDT Logistic Solutions GmbH, etc. Most of these companies are increasingly focussing on introducing more customised, cost-effective and efficient passive temperature-controlled packaging solutions, which enhances volumetric efficiency, reduces bench time and are in coherency with buyers SKU management.
About FMI
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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