The global sales of PUR shippers are estimated to be worth USD 336.9 million in 2024 and are anticipated to reach a value of USD 609.1 million by 2034. Sales are projected to rise at a CAGR of 6.1% over the forecast period between 2024 and 2034. The revenue generated by PUR shippers in 2023 was USD 316.6 million. The industry is anticipated to exhibit a Y-o-Y growth of 4.7% in 2024.
Pallet shippers are anticipated to record prominent growth in the assessment period driven by its cost-effective transportation and reduced handling. Pallet shippers are mostly preferred for large-volume transportation with optimized space and handling efficiency.
Pallet shippers are hugely used in the pharmaceutical industry for large-scale shipments as they require reliable and efficient cold chain solutions. The food industry also contributes to pallet shippers' growth as they require effective shipping solutions for perishable food.
Global PUR Shippers Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 316.6 million |
| Estimated Size, 2024 | USD 336.9 million |
| Projected Size, 2034 | USD 609.1 million |
| Value-based CAGR (2024 to 2034) | 6.1% |
The pharmaceutical industry is one of the main users of PUR shippers as the sector carries many products like vaccines, biologics, and other medications. PUR shippers are essential in the pharmaceutical industry due to their temperature stability and superior insulation. The pharmaceutical industry proactively requires cold chain logistics support to maintain the condition of the products.
PUR shippers are used for many applications including frozen, chilled, and ambient. PUR shippers have good insulation properties and maintain extremely low temperatures which is essential for frozen products. PUR shippers maintain the temperatures for longer periods throughout the transportation of the products. When products need to be shipped over distances PUR shipper become essential for the frozen food to maintain their integrity.
The PUR shippers industry is set to experience moderate growth during the forecast period. It is projected to create an incremental opportunity of USD 292.5 million and is predicted to rise 1.8 times the current market value through 2034.
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The below table presents the expected CAGR for the global PUR shippers market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 5.6%, followed by a slightly lower growth rate of 5.4% in the second half (H2) of the same year.
| Particular | Value CAGR |
|---|---|
| H1 | 5.6% (2023 to 2033) |
| H2 | 5.4% (2023 to 2033) |
| H1 | 5.3% (2024 to 2034) |
| H2 | 5.8% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 5.3% in the first half and remain relatively moderate at 5.8% in the second half. In the first half (H1) the market witnessed a decrease of 30 BPS while in the second half (H2), the market witnessed an increase of 40 BPS.
Rising Healthcare Expenditure Impacts the Market
Rising demand for healthcare services and increasing healthcare expenditure are supplementing the demand for PUR shippers. The healthcare and medical sector is going through a wide transformation with innovations in technology, expanding healthcare services, and implementation of healthcare policies by the government. National health departments and healthcare organizations like WHO are increasing the demand for PUR shippers.
The increasing focus on the healthcare industry is boosting the demand for effective and reliable cold chain packaging solutions including PUR shippers. These solutions offer optimal protection to the pharmaceutical products during shipping and maintain the product's original condition.
The pharmaceutical sector mostly transports biologics, vaccines, and speciality medical products that need to be maintained under specific temperatures while transportation. PUR shippers become an ideal solution for this purpose because of their excellent thermal insulation properties.
The ageing population and rising chronic diseases across regions have pushed the demand for healthcare services and raised related expenditures. This will generate an increase in demand for medications supporting the growth of the PUR shippers.
Growing Demand for Temperature Sensitive Shipping
Rising demand for temperature-sensitive shipping is one of the major drivers supplementing the demand for PUR shippers. The expansion of the biological and pharmaceutical industry has generated the need for effective temperature-controlled solutions for shipping.
PUR shippers are safe and reliable to transport biologics, vaccines, and sensitive medicines. These pharmaceutical products require to maintain strict temperature conditions that can maintain the integrity of their products. The global pandemic has supplemented the necessity of PUR shippers where the global distribution of vaccines was of utmost importance.
The food and beverage industry is also expanding at a prominent rate driven by the increasing e-commerce and online delivery services. Consumers are doing more shopping online and purchasing fresh food and beverages. The shipping of fresh food and beverages needs effective cold-chain logistics to maintain the freshness of the products.
Consumers demand high-quality and well-preserved food delivered to their houses. Consequently, the food and beverage and pharmaceutical industry are relying heavily on advanced thermal packaging for shipping such as PUR shippers to ensure the safety and protection of products.
Cost of Materials and Production Hampers Production
PUR shipper sales are being hampered by the expensive price of raw materials and the difficult process of manufacturing. This makes a PUR shipper very costly as compared to other thermal and cold chain packaging solutions.
The manufacturer is struggling with economic pressures and fluctuations in raw material prices can lead to an increase in production cost. The high cost of production puts up a challenge to the companies and may pose a risk to the PUR shippers market.
Principal Consultant
The global PUR shippers industry recorded a CAGR of 6.5% during the historical period between 2019 and 2023. The growth of the PUR shippers industry was positive as it reached a value of USD 316.6 million in 2023 from USD 245.7 million in 2019.
The global market for PUR shippers has experienced steady growth in the past period driven by the increased demand for thermal packaging solutions specifically from the food and pharmaceutical industries. The global pandemic of covid 19 has significantly pushed the sales of PUR shippers. The pandemic has led to a global distribution of coronavirus vaccines which needed the standard temperature-controlled packaging for transit.
The pandemic affected the logistics and supply chain but kept the distribution of vaccines increasing. This has generated a high demand for PUR shippers in the historical period. The vaccine distribution is currently also needed due to the origination of different viruses and diseases keeping the stable demand for PUR shippers.
In the recent period, biologics and speciality drugs have been experiencing high growth which requires thermal packaging solutions to maintain the integrity of medications.
The growth of e-commerce and home delivery services has increased the demand for perishable foods and beverages. These products require thermal packaging that is effective for maintaining the freshness and quality of products while shipping. Global trade has also gained pace after the pandemic which requires thermal packaging solutions that are reliable and effective for longer periods.
The stringent regulations imposed by the higher authorities have driven the demand for temperature-sensitive products. To comply with these regulations, the companies are adopting the PUR shipper to fulfil the regulations and maintain the quality of the products.
Tier 1 companies comprise market leaders with a market revenue of above USD 15 million capturing a significant market share of 10% to 20% in the global market. These market leaders are characterized by high production capacity and a wide product portfolio.
These players are distinguished by their extensive expertise in manufacturing across multiple products across different applications and a broad geographical reach, underpinned by a robust consumer base. They provide a wide range of products utilizing the latest technology and meeting the regulatory standards providing the highest quality.
Prominent companies within Tier 1 encompass Sonoco Products Co., Topa Thermal Packaging BV, and Cryopak Industries Inc.
Tier 2 companies include mid-size players with revenue of USD 5 to 15 million having presence in specific regions and highly influencing the regional market. These are characterized by a limited international presence and well-maintained market knowledge.
These market players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Cold Chain Technologies, Inc., Tempack Packaging Solutions, S.L., Chill-Pak, Pelican BioThermal LLC, Lifoam Life Sciences, and Polar Tech Industries.
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche markets having revenue below USD 5 million. These companies are notably oriented towards fulfilling local market demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have very limited geographical reach. Tier 3, within this context, is recognized as an unorganized market, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
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The section below covers the industry analysis of the PUR shippers market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, South Asia & Pacific, East Asia, Western Europe, Eastern Europe, and others, is provided.
In Europe, Spain is anticipated to register a moderate growth at 5.1% through 2034. In North America, Canada is projected to witness a growth rate of 4.9% by 2034 end.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 4.3% |
| Germany | 4.1% |
| UK | 3.5% |
| Canada | 4.9% |
| India | 7.6% |
| China | 7.1% |
| Japan | 3.4% |
| Thailand | 6.5% |
Canada is anticipated to witness a growth rate of 4.9% in assessment period and is estimated to gain high demand for PUR shippers. The country has a strong demand for high-quality medical solutions with innovative packaging solutions. Also, the exports are also on the rise as it is harboring manufacturers with hubs in Ontario and Quebec.
According to the Canadian Institute for Health Information, Canada’s total health spending is expected to be USD 344 billion or USD 8,740 per Canadian in 2023. The health expenditures in Canada represent 12.1% of Canada’s gross domestic product (GDP) in 2023.
Total health spending in Canada recorded the growth rate of 2.8% in 2023, after a mere 1.5% growth in 2022. The lingering effects of the pandemic contributed to growth in the Hospitals and Physicians categories with rising healthcare services. This growth and expansion of healthcare sector in Canada will contribute to the increased growth of the PUR shippers market in Canada.
The aged population generally consumes more medications regularly because of the high prevalence of chronic diseases, and other health issues due to age. In Japan, 1 out of 10 people are above 80 years or older and the country is rated to have the world’s oldest population.
According to the World Economic Forum, almost 1/3rd of Japan's population is over 65 years which accounts for 36.2 million people contributing to the elderly population. This will generate the demand for pharmaceuticals pushing the sales of PUR shippers in Japan.
PUR shippers are effective in handling sensitive medicines and other pharmaceutical products. There is also more focus on preventive medications and vaccines to manage wellbeing over the years. Japan is anticipated to grow at 3.4% CAGR in East Asia by 2034 end.
The United States is projected to record a growth rate of 4.3% by the end of 2034. Consumers in the United States consume more dairy products. The escalating demand for ready-to-eat meals and fast foods is rising in the country.
USA Department of Agriculture (Economic Research Service) stated that the USA accounts for 252 billion pounds of total production of farm milk in 2023 which is further anticipated to reach 230.6 billion pounds in 2024. The USA takes a second leading position in milk production which will upscale the consumption of dairy-based products in the country.
Additionally, the country has a significant demand for convenience and ready-to-eat food. Consequently, the demand for PUR shippers is bourgeoning in the country to maintain the freshness and quality of packaged food.
The section contains information about the leading segments in the industry. By product, insulated containers are anticipated to capture 58.9% of value share through 2034. Among applications, the chilled category is projected to showcase significant growth with 49.3% of the market share through 2034.
| Product | Insulated containers |
|---|---|
| Value Share (2034) | 58.9% |
Insulated containers are anticipated to lead the market with 58.9% of the value share in the assessment period. Insulated containers made from PUR are anticipated to further expand because of their excellent thermal insulation. The insulated containers are used for transporting products that need consistent internal temperatures.
They are mainly used in shipping biologics, pharmaceuticals, and perishable food products. Insulated containers offer the required temperature for a longer period which reduces the risk of product damage. Most industries are subjected to strict regulations for shipping temperature-sensitive products. These factors expand the demand for PUR shippers in the upcoming decade.
| Application | Chilled |
|---|---|
| Value Share (2034) | 49.3% |
The chilled category results in capturing almost 50% of the market share by the end of 2034. PUR shippers are effectively providing thermal insulation which is essential for chilled applications. It maintains the required temperatures for chilled applications which protects the temperature-sensitive products.
Chilled applications include a variety of products such as dairy, fresh produce, beverages, biologics, and medical that need suitable temperature shipping methods to cater to all the applications.
Several prominent players in the PUR shippers market are significantly investing in innovation, research, and development to discover new functions and enhance their offerings. Leveraging technology, these companies prioritize safety, product quality, and customer satisfaction to expand their customer base.
Key manufacturers of PUR shippers are focusing on developing sustainable material packaging and developing packaging solutions to meet sustainability demand. They are adopting a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs.
Recent Industry Developments in PUR Shippers Market
In terms of product, the industry is divided into pallet shippers, and insulated containers.
In terms of application, the industry is segregated frozen, ambient, and chilled.
The industry is classified by end use as food, beverages, pharmaceutical, cosmetics & personal care, chemical and other industrial.
Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East and Africa (MEA), have been covered in the report.
The global PUR shippers industry is projected to witness CAGR of 6.1% between 2024 and 2034.
The global PUR shippers industry stood at USD 316.6 million in 2023.
The global PUR shippers industry is anticipated to reach USD 609.1 million by 2034 end.
South Asia and Pacific is set to record the highest CAGR of 6.1% in the assessment period.
The key players operating in the global PUR shippers industry includes Amcor Plc, Berry Global Group Inc., and Sealed Air Corporation.
1. Executive Summary
2. Industry Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Trends and Success Factors
4. Market Background
4.1. Macro-economic and Industry Outlook
4.2. Market Dynamics
4.3. Value Chain Analysis
4.4. List of Key Market Participants (Manufacturers/Channel Partners)
4.5. Analysis of Key Industry Matrices
4.6. Industry Development Roadmap
5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034
5.1. Historical Market Volume Analysis
5.2. Future Market Volume Projections
6. Pricing Analysis
7. Global Market Value (USD) Analysis 2019 to 2023 and Forecast 2024 to 2034
7.1. Historical Sales Analysis
7.2. Future Market Size and Growth Projections
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product
8.1. Pallet Shippers
8.2. Insulated Containers
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application (Units/Hour)
9.1. Frozen
9.2. Ambient
9.3. Chilled
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
10.1. Food
10.2. Beverages
10.3. Pharmaceutical
10.4. Cosmetics & Personal Care
10.5. Chemical
10.6. Other Industrial
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. North America
11.2. Latin America
11.3. Western Europe
11.4. East Asia
11.5. South Asia & Pacific
11.6. Middle East and Africa (MEA)
11.7. Eastern Europe
12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
17. Middle East and Africa (MEA) Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
18. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Market Segments and Country
19. Sales Analysis 2024 & 2034 by Key Market Segments for 30 Countries
20. Competition Outlook including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
21. Company Profile
21.1. Sonoco Products Co.
21.2. Topa Thermal Packaging BV
21.3. Cryopak Industries Inc.
21.4. Cold Chain Technologies, Inc.
21.5. Tempack Packaging Solutions, S.L.
21.6. Chill-Pak
21.7. Pelican BioThermal LLC
21.8. Lifoam Life Sciences
21.9. Polar Tech Industries
21.10. CSafe
21.11. Sofrigam
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PUR Shippers Market
