The Temperature Controlled Packaging Solution Market is projected to be valued at USD 13.4 billion in 2023. The temperature controlled packaging solution market research report anticipates a valuation of USD 29.2 billion by 2033. The temperature-controlled packaging solution demand is expected to record a CAGR of 8.1% during the forecast period.
Attributes | Key Insights |
---|---|
Temperature Controlled Packaging Solution Market Estimated Size in 2023 | USD 13.4 billion |
Projected Market Value in 2033 | USD 29.2 billion |
Value-based CAGR from 2023 to 2033 | 8.1% |
Temperature Controlled Packaging Solution Market Trends and Highlights
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
A study by our analysts found that the temperature controlled packaging solution market was valued at USD 12.3 billion in 2022. The temperature-controlled packaging solutions market is predicted to witness increased sales from 2023 to 2033. The thriving pharmaceutical industry is the main growth driver for the market.
There is remarkable growth in the use of insulated shippers in the transportation of various temperature-sensitive products, including frozen food. This factor is generating demand avenues in the global temperature controlled packaging solutions market.
With the world turning into a global village, food exports have transcended the geographical barriers and will continue to do so even going forward. The food & beverage sector comes across as the second largest sector in the temperature controlled packaging solution market.
Market Value in 2022 | USD 12.3 billion |
---|---|
Market Value in 2023 | USD 13.4 billion |
Countries | Forecast CAGRs from 2023 to 2033 |
---|---|
United States | 6.2% |
China | 8.8% |
India | 9.8% |
Japan | 6.4% |
United Kingdom | 7.8% |
The United States has a robust temperature-controlled packaging solution market driven by the pharmaceutical and healthcare industry. It is a major player in the global pharmaceutical market, and strict regulations for drug transportation have spurred the demand for high-quality packaging solutions.
The food industry also contributes significantly, particularly in the distribution of fresh produce, frozen foods, and meal kit services. The adoption of sustainable packaging is increasing, driven by consumer demand and regulatory pressures in some states. United States is expected to expand at a CAGR of 6.2% through 2033.
The market in China is expected to witness a faster growth rate owing to the rapid growth of e-commerce, and a rising middle-class population is driving the demand for temperature-controlled packaging for food and beverage products.
China's pharmaceutical and biotech sectors are proliferating, resulting in increased demand for temperature-controlled packaging solutions to ensure the quality of medicines. China has seen technological improvements due to its growing population and increasing disease outbreaks.
The market is characterized by strong government support for cold chain logistics and the development of a national vaccine distribution network. China is expected to expand at a CAGR of 8.8% through 2033.
Stringent regulatory requirements for the pharmaceutical and food industries in the United Kingdom necessitate the use of temperature-controlled packaging solutions. The food industry relies heavily on temperature-controlled packaging, particularly in the distribution of fresh produce, dairy, and frozen goods. United Kingdom is expected to expand at a CAGR of 7.8% through 2033.
The growing focus on sustainable packaging solutions in the United Kingdom, with efforts to reduce the environmental impact of packaging materials. Companies are exploring eco-friendly options for temperature-controlled packaging.
The adoption of advanced temperature monitoring systems, such as IoT-enabled sensors, has increased in the United Kingdom to track and maintain temperature conditions during transportation.
Japan is expected to expand at a CAGR of 6.4% through 2033. Japan has a well-established market for temperature-controlled packaging, primarily driven by its pharmaceutical and healthcare industries. The pharmaceutical industry relies on temperature-controlled packaging to safely distribute medicines and vaccines, especially in healthcare access and disease management.
The country strongly focuses on precision and quality, reflected in the demand for advanced packaging solutions. Japan's aging population and healthcare needs contribute to market growth.
The pharmaceutical industry in India is a significant driver of the temperature-controlled packaging solution market, especially for exporting generic medicines and vaccines. India is expected to account for a CAGR of 9.8% through 2033.
The food and agriculture sector is also growing, leading to increased demand for cold chain logistics and temperature-controlled packaging for perishable products. Challenges in infrastructure and a diverse climate across regions can make temperature control more complex.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Category | Market Share |
---|---|
Passive by System Type | 81.9% |
Chilled by Application | 41.9% |
Passive packaging, with its diverse range of benefits such as enhanced product freshness, prolonged shelf life, and protection against contamination, commands a substantial share of over 81.9% in the global temperature controlled packaging solution market.
The passive cooling method is a more cost-effective temperature controlled shipper packaging that can help distributors. The transportation of temperature-sensitive products using passive systems such as temperature-controlled packaging offers better transportation flexibility and ease of handling and reduces damage during transportation.
This dominance is anticipated to persist steadily throughout the forecast period, underlining its pivotal role in shaping the future of temperature-controlled packaging solutions across various industries
Chilled application is expected to account for a 41.9% share of the temperature-controlled packaging solutions market in 2023. Chilled stores keep products in a cold, regulated environment. This also helps to avoid the deterioration of temperature-sensitive products that need to be stored safely in the food & beverage and healthcare industries.
The chilled environment is required to safeguard food against contamination, extend the shelf life of food products, and enhance overall operational efficiency. Pharmaceutical products, such as vaccines, blood samples, and medicinal medications, require a chilled application. It is critical to ensure that inventories are held at the correct narrow temperature range to be usable.
Major temperature controlled packaging solutions market players are innovating to address critical care requirements and boost user confidence, fostering market expansion.
Major enterprises in this market focus on developing superior-quality products. They are growing investments in research and development activities to attain this purpose. This scenario is indicative of the expansion of the temperature controlled packaging solutions market at a promising pace in the years ahead.
Some of the developments by players in the temperature controlled packaging solutions market are given below
TKT has developed a new CryoSystem for the insulated containers, in which liquid nitrogen is used as the cooling medium. The nitrogen is introduced from above into the new cooling container. Because nitrogen is liquid only at extremely cold temperatures, the coolant offers a number of advantages
Attributes | Details |
---|---|
Estimated Market Size in 2023 | USD 13.4 billion |
Projected Market Valuation in 2033 | USD 29.2 billion |
Value-based CAGR 2023 to 2033 | 8.1% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
Key Market Segments Covered | System Type, Product Type, Application, End-use, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Sonoco Products Company; Pelican BioThermal LLC; Snyder Industries Inc.; GEBHARDT Logistic Solutions GmbH; ACH Foam Technologies, LLC; TKT GmbH; Cold Chain Technologies; Cryopak Industries Inc.; Sofrigam SA Ltd.; va-Q-tec AG; Saeplast Americas Inc.; Inmark, LLC; Tempack Packaging Solutions S.L.; EcoCool GmbH; Exeltainer SL; American Aerogel Corporation; Softbox Systems Ltd.; DGP Intelsius Ltd.; NanoCool |
The temperature-controlled packaging solution market is expected to reach USD 13.4 billion in 2023.
The market for temperature-controlled packaging solutions is set to expand by a CAGR of 8.1% by 2033.
The temperature-controlled packaging solution market is forecast to reach USD 29.2 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By System Type 5.1. Active 5.2. Passive 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Insulated Shippers 6.1.1. Panels & Envelopes 6.1.2. EPS Shippers 6.1.3. PUR Shippers 6.1.4. VIP Shippers 6.2. Insulated Containers 6.2.1. Chest Style 6.2.2. Upright Style 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Frozen 7.2. Chilled 7.3. Ambient 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 8.1. Healthcare 8.2. Food & Beverages 8.3. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Sonoco Products Company 19.2. Pelican BioThermal LLC 19.3. Snyder Industries Inc. 19.4. GEBHARDT Logistic Solution GmbH 19.5. ACH Foam Technologies, LLC 19.6. TKT GmbH 19.7. Cold Chain Technologies 19.8. Cryopak Industries Inc. 19.9. Sofrigam SA Ltd. 19.10. va-Q-tec AG 19.11. Saeplast Americas Inc. 19.12. Inmark, LLC 19.13. Tempack Packaging Solution S.L. 19.14. EcoCool GmbH 19.15. Exeltainer SL 19.16. American Aerogel Corporation 19.17. Softbox Systems Ltd. 19.18. DGP Intelsius Ltd. 19.19. NanoCool 20. Assumptions & Acronyms Used 21. Research Methodology
Packaging
February 2024
REP-GB-1446
200 pages
Explore Packaging Insights
View Reports