The temperature controlled packaging solutions market is estimated to be valued at USD 43.15 Bn in 2024 and is expected to reach USD 76.37 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 43.15 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
8.50% |
2031 Value Projection: |
US$ 76.37 Bn |
Figure. Temperature Controlled Packaging Solutions Market Share (%), By Region 2024
Temperature controlled packaging solutions ensures safety and quality of pharmaceutical and food products by maintaining the required temperatures during transportation and storage. Rapid growth in the pharmaceutical, healthcare, and food delivery industries has boosted the demand for these solutions globally. Rising need for safe and efficient logistics of temperature sensitive products is a key factor driving the temperature controlled packaging solutions market. However, high initial costs associated with these solutions limits their adoption to some extent. Overall, the market is expected to grow substantially during the forecast period supported by technological advancements for improving efficiencies.
Market Dynamics:
The temperature controlled packaging solutions market is expected to witness significant growth over the next few years. The growing pharmaceutical and healthcare sectors globally is a major driver as proper thermal protection packaging solutions are vital for transporting medicines, vaccines, and other medical products. Rising online food delivery orders and long shelf-life demand for perishables is augmenting the market for food applications. However, the high initial costs of solutions like insulated shippers, insulated containers, and refrigerants pose challenges, especially for startups and small businesses. Ongoing research to develop cheaper and effective alternatives can help address this concern to some extent. The adoption of blockchain technology for the real-time monitoring of shipments offers new opportunities for stakeholders to enhance operational efficiencies and supply chain management.
Key Features of the Study:
- This report provides in-depth analysis of the global temperature controlled packaging solutions market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global temperature-controlled packaging solutions market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Cryopak Industries Inc., Sonoco Products Company, DGP Intelsius, Cold Chain Technologies, Envirotainer, CSafe, AmerisourceBergen Corporation, Deutsche Post DHL Group, Inbox Solutions, APEX Packaging Corporation, TPC Packaging Solutions, PCI Pharma Services, Safe Box, Aeris, DGR Packaging & Supply PTE Ltd, Valor Industries, Intelsius, Pelican Biothermal LLC, Sofrigam, and Softbox Systems Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global temperature controlled packaging solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global temperature controlled packaging solutions market
Detailed Segmentation-
- By Product Type:
- Active Packaging
- Electric/Battery Powered
- Fuel Powered
- Passive Packaging
- Insulated Boxes and Containers
- Coolers and Containers
- By Packaging Material:
- Expanded Polystyrene
- Polyurethane (PUR)
- Vacuum Insulated Panels
- Others
- By Application:
- Pharmaceutical
- Food & Beverages
- Cosmetics & Personal Care
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Cryopak Industries Inc.
- Sonoco Products Company
- DGP Intelsius
- Cold Chain Technologies
- Envirotainer
- CSafe
- AmerisourceBergen Corporation
- Deutsche Post DHL Group
- Inbox Solutions
- APEX Packaging Corporation
- TPC Packaging Solutions
- PCI Pharma Services
- Safe Box
- Aeris
- DGR Packaging & Supply PTE Ltd
- Valor Industries
- Intelsius
- Pelican Biothermal LLC
- Sofrigam
- Softbox Systems Limited