According to the latest report by Reports and Data, the global market size for temperature-controlled packaging solutions was USD 11.50 Billion in 2021 and is projected to have a revenue CAGR of 8.0% over the forecast period. Temperature-controlled protective packaging solutions have different types with specific properties and applications, which are chosen based on the sensitivity of the goods being transported and the nature of the package itself. Insulation is necessary to maintain acceptable temperatures during transportation of temperature-sensitive products.
Expanded polystyrene (EPS) is commonly used as protective packaging insulation material in the food and healthcare industries. The use of innovative bioplastics like polylactic acid (PLA) also helps in temperature control of perishable foods and increases the demand for temperature-controlled packaging solutions.
The report also highlights that the temperature control packaging solutions market is segmented into active systems, passive systems, and hybrid systems based on type, and the active systems segment is expected to have significant revenue growth during the forecast period.
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Companies profiled in the market report include Sonoco Products Company, Peli BioThermal Limited, FedEx, Cold Chain Technologies, AmerisourceBergen Corp., ACH Foam Technologies, LLC., Sofrigram, Cryopak, Envirotainer, and United Parcel Service of America, Inc.
Active shippers offer maximum flexibility when exposing the shipping system to temperature profiles other than the qualified temperature profile, which is expected to drive revenue growth for this segment. On September 26, 2022, Sonoco ThermoSafe and United Cargo signed a global lease agreement for the new Pegasus ULD, a temperature-controlled bulk container, giving pharmaceutical cargo providers direct access to United Cargo’s Pegasus ULD containers.
Factors Affecting on Temperature Controlled Packaging Solutions Market
The temperature-controlled packaging solutions market is influenced by various factors. Some of the significant factors affecting this market include:
- Increasing demand for temperature-sensitive products: With the growing demand for temperature-sensitive products such as food and pharmaceuticals, the need for temperature-controlled packaging solutions has also increased. This factor is expected to drive the growth of the temperature-controlled packaging solutions market.
- Stringent regulations and standards: The temperature-controlled packaging solutions market is subject to stringent regulations and standards to ensure the safety and quality of the products being transported. Compliance with these regulations and standards is critical for manufacturers to gain customers’ trust and remain competitive in the market.
- Advancements in technology: Advances in technology have led to the development of new and innovative temperature-controlled packaging solutions that are more effective and efficient in maintaining the desired temperature range during transit. These technological advancements are expected to drive the growth of the temperature-controlled packaging solutions market.
- Increasing demand for eco-friendly packaging solutions: There is a growing trend towards the use of eco-friendly packaging solutions, and the temperature-controlled packaging solutions market is no exception. The use of biodegradable and compostable materials in temperature-controlled packaging solutions is expected to increase, driven by consumer demand for sustainable packaging.
- Fluctuations in raw material prices: The cost of raw materials used in temperature-controlled packaging solutions, such as insulated materials and cooling agents, can significantly impact the market’s growth. Fluctuations in the prices of these raw materials can affect manufacturers’ profitability and pricing strategies, ultimately influencing the market’s growth.
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For the purpose of this report, Reports and Data has segmented the global temperature-controlled packaging solutions industry into Product Outlook, Type Outlook, Services Type Outlook, End Use Outlook, Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Insulated Shipper
- Insulated Containers
Type Outlook (Revenue, USD Billion; 2019-2030)
- Active System
- Passive System
- Hybrid System
Services Type Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Food & Beverage (F&B)
- Chemical and Materials
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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