Europe temperature controlled packaging solutions market size is forecast to expand from USD 3.9 billion in 2023 to USD 6.9 billion by 2033. Overall temperature-controlled packaging solutions across Europe are poised to surge at a robust CAGR of 7.3% between 2023 and 2033.
The rising need for maintaining specific temperature ranges of temperature-sensitive products across industries such as pharmaceutical, food & beverage, and chemicals is providing stimulus to the development of Europe temperature controlled packaging solutions industry.
With the propelling demand for passive and active type systems from pharmaceutical and food & beverage companies, sales of temperature-controlled packaging solutions are slated to rise rapidly in Europe with the top 3 countries likely to account for around 25 to 30% of the market in 2023. The overall market in Europe is set to create an absolute incremental growth opportunity of USD 3.2 billion during the projection period.
Temperature-controlled packaging solutions include packaging products that are specially designed for maintaining a temperature-controlled environment and limiting the exposure of packed products to high or low temperatures during transit. These cold-chain solutions minimize any heat transfer from outside and thus play a crucial role in maintaining the integrity of temperature-sensitive products.
The rapid growth of the pharmaceutical sector across Europe coupled with an increasing need for protecting temperature-sensitive biological products such as vaccines and stem cells during storage and transportation will boost Europe temperature controlled packaging solutions market.
Subsequently, increasing export of food and beverage products and rising concerns regarding food insecurity are expected to propel temperature controlled packaging solutions demand across Europe during the projection period.
Food wastage across Europe has increased dramatically during the last few years, resulting in increased food insecurity. According to the European Commission, around 57 million tonnes of food waste is generated annually in the EU. Most of the food gets wasted or is lost during the supply chain. To reduce this food wastage, companies are rapidly utilizing temperature controlled packaging solutions. This will continue to create lucrative opportunities for temperature controlled packaging solution manufacturers over the next ten years.
Leading temperature controlled packaging solutions companies are integrating cutting-edge technologies in their products for enabling faster, more accurate transparency in the movement of sensitive products. They are also providing customized solutions to their customers to gain profits.
| Attribute | Key Insights |
|---|---|
| Europe Temperature Controlled Packaging Solutions Market Estimated Value (2023) | USD 3.9 billion |
| Projected Market Value (2033) | USD 6.9 billion |
| Value-based CAGR (2023 to 2033) | 7.3% |
| Collective Value Share: Top 5 Companies (2022A) | 15% to 20% |
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Europe temperature-controlled packaging solutions market witnessed a CAGR of 6.7% during the historic period and attained a valuation of USD 3.7 billion at the end of 2022. However, for the forecast period of 2023 and 2033, Future Market Insights predicts temperature controlled packaging solutions demand to surge at 7.3% CAGR across Europe.
The growing need for protecting temperature-sensitive and perishable products during storage and transportation is a primary factor driving the Europe temperature controlled packaging solutions industry.
It is a known fact that pharmaceutical products such as stem cells and vaccines need a lower temperature for successful shipping. Hence, rising demand for these pharmaceutical products across Europe will continue to generate demand for cold chain solutions such as temperature controlled packaging solutions during the assessment period.
Similarly, innovations in cold storage solutions, rising import and export of food and beverage products across European countries, and growing concerns about food wastage are expected to bolster temperature controlled packaging solutions sales over the next ten years.
Increasing Demand for Biologics to Boost Temperature Controlled Packaging Solution Sales
There have been numerous advancements in the pharmaceutical industry, especially across European countries such as the United Kingdom and Germany over the last few decades. One such advancement was the development of biologics or biological products.
Biologics such as vaccines, blood components, somatic cells, and recombinant therapeutic proteins have gained wider popularity due to their highly effective nature. However, these products often require specific temperature ranges during storage and transportation. Hence, companies are extensively employing temperature controlled packaging solutions.
Growing demand for structurally-complex biotechnology drugs that require constant temperature control is expected to act as a catalyst triggering the development of the temperature controlled packaging solutions market across Europe.
Principal Consultant
| Country | Germany |
|---|---|
| Market Share (2023) | 22.20% |
| Market Share (2033) | 21.80% |
| Basis Points (BPS) Analysis | -40 |
| Country | France |
|---|---|
| Market Share (2023) | 16.80% |
| Market Share (2033) | 15.70% |
| Basis Points (BPS) Analysis | -110 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 18.70% |
| Market Share (2033) | 19.80% |
| Basis Points (BPS) Analysis | 110 |
| Country | Poland |
|---|---|
| Market Share (2023) | 4.40% |
| Market Share (2033) | 4.70% |
| Basis Points (BPS) Analysis | 30 |
| Country | Italy |
|---|---|
| Market Share (2023) | 11.40% |
| Market Share (2033) | 11.50% |
| Basis Points (BPS) Analysis | 10 |
Rising Demand for Frozen Food/Fruits Fueling Adoption of Insulated Containers Across the United Kingdom
As per Future Market Insights, the United Kingdom is expected to hold around 19.8% share of the Europe temperature controlled packaging solutions market by the end of 2033. Growth in the United Kingdom temperature controlled packaging solutions market is driven by rising demand for frozen food products and a growing focus on reducing food wastage.
Over the years, there has been a dramatic increase in frozen food demand with Europe leading at the forefront. Europe, spearheaded by the United Kingdom and Germany, accounted for around 38% of the worldwide frozen vegetable demand in 2021 according to a report by the Centre for the Promotion of Imports from developing countries (CBI). This rising demand for frozen food products will continue to fuel sales of temperature controlled packaging solutions such as insulated containers in the country.
Temperature-controlled shipping containers or reefers are generally used for the import and export of temperature-sensitive and perishable food products such as frozen fruits, vegetables, and meat in large quantities. For local deliveries and smaller quantities, mostly insulated containers are gaining traction in the United Kingdom market as an efficient and cost-effective mode.
Over the years, technological advancements have made it possible for frozen foods to be safe for consumption even after a long period. These innovations are triggered by stringent government regulations.
Insulated containers play a key role in keeping the temperature of food products in check during storage and transit, thereby increasing the longevity of products. Hence, the growing demand for frozen food products will eventually boost sales of insulated containers in the United Kingdom.
Increasing Export of Food and Pharmaceutical Products Making Germany a Lucrative Market
Currently, with a share of around 22.2%, Germany remains the most dominant market for temperature controlled packaging solutions across Europe and the trend is expected to continue during the projection period.
The rapid expansion of the pharmaceutical industry, easy availability of heat-retaining containers and other insulated packaging formats, and increasing export of food and pharmaceutical products are a few of the key factors driving Germany’s market forward.
Food and pharmaceutical items are being increasingly transported or shipped over longer distances by using advanced cold chain solutions as they require optimal temperatures for maintaining integrity. A report by Eurostat states that Germany among the EU Member countries exported USD 60.9 billion worth of medicinal as well as pharmaceutical products in 2021.
In order to protect these temperature-sensitive pharmaceutical products during transportation and shipping, temperature controlled packaging solutions are being increasingly used by industries.
Owing to added specialization and sensitivity of pharma products, consignments are now being shipped globally across variegated climatic regions from European countries such as Germany. Specialized agriculture/aquaculture functions of temperature-controlled packaging solutions enable the transport of temperature-sensitive food and pharmaceutical products to distant markets from Europe.
Clinical trial logistics, which require rigorous temperature-controlled packaging solutions, is witnessing a sheer trend of shifting/outsourcing trials out of the USA to the Asia Pacific region, while most drugs used for the same are manufactured in North America and Western Europe. This is positively influencing Germany’s temperature controlled packaging solutions market.
Growing Popularity of Active Packaging in Pharmaceutical Logistics Driving Demand
Based on system type, Europe’s temperature controlled packaging solutions industry is categorized into active and passive. Among these, demand for passive temperature controlled packaging solutions across Europe is expected to rise at a significant pace during the assessment period. This is attributed to the rising usage of active temperature controlled packaging systems across pharmaceutical logistics due to their inexpensive nature.
Pharmaceuticals need different temperature ranges during storage and transportation for their efficient delivery to the respective pharmacies. For protecting these pharmaceutical products, companies use both active and passive packaging systems.
However, the use of the active systems are not preferred when the order quantity of pharmacies is low in volume, as it is not economical. Hence, distributors use a passive temperature controlled packaging systems due to their more cost-effective features.
Passive packaging systems do not require any additional configurations and settings to adjust temperature requirements. Transportation of temperature-sensitive products by using passive packaging systems offers better flexibility of transportation and ease of handling as well as reduces damage during transportation. Hence, several industries are opting for passive temperature controlled packaging solutions over its counterpart.
Pharmaceutical Industry to Generate Maximum Revenues in the Europe Market
According to Future Market Insights, the pharmaceutical segment currently holds a prominent share of Europe temperature controlled packaging solutions market and it is forecast to register robust growth over the next ten years. This is attributed to the rapidly growing healthcare industry across Europe, the development of a variety of pharmaceutical products, growing adoption of temperature controlled packaging solutions for effectively protecting pharmaceutical compositions during storage and transportation.
The highly reactive nature of temperature sensitive pharmaceutical products makes them prone to thermal damage during storage and transportation. In order to protect these sensitive pharmaceuticals, companies across European countries such as the United Kingdom, Germany, and France increasingly use temperature controlled packaging solutions. This in turn is creating lucrative opportunities for temperature controlled packaging solution manufacturers.
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Key temperature controlled packaging solution manufacturers are concentrating on introducing novel thermal packaging solutions including thermal containers, insulated mailers, and other cold-chain solutions to meet end-user demand. Besides this, they are using strategies such as partnerships, mergers, acquisitions, facility expansions, collaborations, and joint ventures to strengthen their presence in Europe and other attractive markets.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 3.9 billion |
| Projected Market Size (2033) | USD 6.9 billion |
| Anticipated Growth Rate (2023 to 2033) | 7.3% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Segment Covered | System Type, Product Type, Application, End Use, Region |
| Key Countries Covered | Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Russia, Poland, Rest of Europe |
| Key Companies Profiled | Sonoco Products Company;Peli BioThermal Limited; IP-GROUP; GEBHARDT Logistic Solutions GmbH; INKA Pallets Ltd.; TKT GmbH; OLIVO Cold Logistics; SÆPLAST Iceland ehf; Sofrigam SA Ltd.; va-Q-tec AG; Topa Thermal; Inmark Global Holdings, LLC; Tempack Packaging Solutions S.L.; EcoCool GmbH; Exeltainer SL; KRAUTZ - TEMAX Europe; Softbox Systems Ltd.; DGP Intelsius Ltd.; Snyder Industries, LLC |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The Europe temperature controlled packaging solutions market size is valued at USD 3.9 billion in 2023.
The Europe temperature controlled packaging solutions market is projected to thrive at 7.3% CAGR through 2033.
The Europe temperature controlled packaging solutions market is predicted to surpass USD 6.9 billion by 2033.
The top 5 companies acquired 15% to 20% of the Europe temperature controlled packaging solutions market share in 2022.
Germany is predicted to occupy 21.80% of the Europe temperature controlled packaging solutions market share by 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Market Demand (in Value USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Market Background 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by System Type 6.1. Active 6.2. Passive 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 7.1. Insulated Shippers 7.1.1. Panels & Envelopes 7.1.2. EPS Shippers 7.1.3. PUR Shippers 7.1.4. VIP Shippers 7.2. Insulated Containers 7.2.1. Chest Style 7.2.2. Upright Style 7.2.3. Others (mailers, gel packs, etc.) 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 8.1. Frozen 8.2. Chilled 8.3. Ambient 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Market Structure Analysis 12. Competition Analysis 12.1. Sonoco Products Company 12.2. Peli BioThermal Limited 12.3. IP-GROUP 12.4. GEBHARDT Logistic Solutions GmbH 12.5. INKA Pallets Ltd. 12.6. TKT GmbH 12.7. OLIVO Cold Logistics 12.8. SÆPLAST Iceland ehf 12.9. Sofrigam SA Ltd. 12.10. va-Q-tec AG 12.11. Topa Thermal 12.12. Inmark Global Holdings, LLC 12.13. Tempack Packaging Solutions S.L. 12.14. EcoCool GmbH 12.15. Exeltainer SL 12.16. KRAUTZ - TEMAX Europe 12.17. Softbox Systems Ltd. 12.18. DGP Intelsius Ltd. 12.19. Snyder Industries, LLC 13. Assumptions and Acronyms Used 14. Research Methodology
Packaging
August 2024
REP-GB-5073
173 pages
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Europe Temperature Controlled Packaging Solutions Market
