Market Overview
The Global Temperature-Controlled Packaging Solutions Market is expected to reach a valuation of
USD 40,874.9 million in 2023 and is anticipated to grow at a
CAGR of 8.6% for the forecast period (2023-2032). This specialized packaging technique is made to ensure products remain safe & at a fixed temperature throughout their journey of transportation to reach their final destination.
The Market’s growth is driven by the rising desire for
frozen products & temperature-sensitive pharmaceutical products, including enzymes & vaccines, which require fixed temperature control during manufacturing & distribution. In the United States, the temperature-controlled packaging solutions market is witnessing significant growth due to strict policies imposed on the distribution of food & beverage products at the domestic & global level. For example, the United States FDA recommends the use of temperature-controlled packaging solutions for easily deteriorating
food exports to discourage the growth of microbes & to keep products safe, particularly for key food exports like nuts, fruits, soybean oil, & other items. Following these regulations is essential for exporting these products to countries like Canada, Europe, Mexico, etc.
Market Dynamic
Temperature-controlled protective packing solutions come in various types, each for specific uses & characteristics based on how fragile the transported items are. These solutions cater to the requirement of protecting products against shock, clumsy handling, compression, vibration, & more. In order to keep the required temperatures during transition for heat-sensitive items, insulators are vital to prevent or reduce heat transfer. One of the widely used insulating materials in food &
healthcare sectors is EPS (Expanded Polystyrene) known for limiting the growth of fungi & germs on surfaces, in compliance with FDA 21 CFR regulations, & ensuring safe & secure food contact. In the food and beverage sector, several items like dairy goods, fresh produce, frozen goods, & eggs, need temperature-controlled packaging during shipping.
Cold chain packaging solutions play a crucial role in keeping food frozen at proper temperatures, preserving the freshness of produce, & preventing melting during transitioning for delicate items like confections & chocolates. Furthermore, the growing adoption of bioplastics like PLA (Polylactic Acid) efficiently helps in controlling & maintaining the temperature of easily deteriorating food items & keeps food products cooler during transit, which is expected to drive the demand for temperature-controlled packaging solutions & further boost the market revenue.
Research Scope and Analysis
By Type
The temperature-controlled packaging solutions market is divided into active systems, passive systems, & hybrid systems based on type. In 2023, passive systems hold a maximum share majorly accredited to their lower cost & eco-friendly characteristics compared to active systems. Passive systems offer insulation from heat & maintain temperature in temperature-controlled packaging solutions without the need for any external or outside power, making them an attractive choice for many applications.
On the other hand, the active systems sector is anticipated to achieve the fastest compound annual growth rate during the 2023-2032 period.
Active thermal systems utilize mechanical or electric power as their energy source to maintain the desired temperature of products and won’t allow the use of PCM (Phase Change Materials) like water, ice, or dry ice. This growth is driven by the segment's ability to provide appropriate temperature control within the packaging, depending on the outer power supply. Particularly in the pharmaceutical sector, products like vaccines need constant temperature control during transportation & storage, leading to a desire for active systems-based temperature-controlled packaging solutions. Additionally, compared to hybrid & passive shippers, active shippers have more movable parts & may need more maintenance.
By Product
The temperature-controlled packaging solutions market is segmented by product into insulated shippers, insulated containers, & refrigerants. In 2023, the insulated shipper segment dominate the market with a maximum share, mainly due to its special characteristics of portability & low weight design, making it ideal for transporting less product quantities. These are commonly used for single wrapping or packages, like, edible goods, pharmaceutical vials & medical specimens, which contributes to the growing requirement for this item.
During the forecast period, the segment of insulated containers is projected to grow with a high compound annual growth rate. This growth is driven by its expanding usage in the healthcare & food and beverages sectors, particularly for exporting frozen goods & temperature-controlled medicines. Similarly, the refrigerants segment is expected to experience growth, fueled by the rising demand for dry ice refrigerants & gel packs used in temperature-controlled packaging solutions.
By Usage
The usage type segment comprises reusable packaging & single-use packaging. The market is led by the reusable packaging segment, with a substantial share in 2023. Each reusable, temperature-controlled solution undergoes thorough testing performance and full qualification, preserving fresh, or ready-made foods, frozen, chemicals, flowers, plants, & medical focused deliveries containing
biopharmaceuticals. Or medications.
Whereas, the single-use temperature-controlled packaging solutions are more cost-effective & occupy less space. However, due to their substantial carbon emissions, their market share is not as high as compared to reusable temperature-controlled packaging solutions.
By Service
The temperature-controlled packaging solutions market is divided based on service type into airways, waterways, and roadways. The airways segment is anticipated to experience significant growth for the period 2023-2032. Airways, particularly for global trade, provide the safest and fastest way of transporting & distributing products. Easily spoilable products are mostly transferred to ULD (Unit Load Devices), these containers are used on aircraft. Several aircraft use varying ULD sizes. For temperature-controlled goods, containers of a similar size are used to keep the items frozen or refrigerated, using either dry ice or electrical power. These factors are expected to drive the growth of the airways for the forecast period.
By Application
In 2023, the food & beverage segment accounted for a higher share in revenue, primarily due to the rising adoption of these packaging solutions for easily spoilable food items and icy edibles. Such stuff includes dairy products, meats, fresh vegetables & fruits, bakery goods, & seafood, which need refrigerators to maintain their integrity and controlled atmosphere packaging to preserve their nutritional content, consistency, & taste. Similarly, icy products, such as frozen meals, & ice cream necessitate packaging techniques that can preserve frigid temperatures to prevent thawing & safeguard the quality of products contributing to the growth of this segment.
The segment of healthcare is expected to grow at a high compound annual growth rate by 2032. This growth is driven by the need for constant temperature of healthcare items like specialty drugs & biologics, that are susceptible to temperature fluctuations.
The segment of Others encompasses sectors like semiconductors & electronics and chemicals. The growth of this segment is propelled by the need for temperature-controlled packaging solutions for various heat-sensitive items within these sectors. For example, heat-sensitive electronic products need packaging that can sustain cool temperatures during warehousing & shipping. Likewise, talking about enzymes necessitate consistent temperatures to maintain their functionality & stability. This need for temperature management within these sectors drives the market’s expansion.
The Global Temperature Controlled Packaging Solutions Market Report is segmented on the basis of the following:
By Type
By Product
- Insulated Shippers
- Panel & Envelope
- EPS shipper
- PUR Shipper
- VIP shipper
- Insulated Containers
- Chest Style
- Upright style
- Refrigerants
By Usage
By Service
- Airways
- Waterways
- Roadways
By Application
- Food & Beverages
- Grocery
- Chocolates
- Alcoholic beverages
- Non- Alcoholic Beverages
- Dairy Products
- Meat & seafood
- Healthcare
- Pharmaceuticals
- Blood
- Drug Testing
- Clinical Trials
- Pathology
- Organ Transplantation
- Others
- Others
Regional Analysis
In 2023, North America recorded the maximum revenue
share of 41.6%. This can be accredited to the region's strong healthcare industry, which in turn fuels the need for temperature-controlled packaging solutions used for shipping & storing heat-sensitive vaccines, drugs, biologics, & medical devices. Additionally, the rising trend of online grocery shopping and food delivery has increased the need to ensure that perishable products like groceries, meal kits, and prepared foods are delivered to consumers at the correct temperatures. And hence, further stimulating market growth in the region.
Asia Pacific is anticipated to experience rapid growth with a compound annual growth rate by 2032.
This growth is accredited to the rising global trade of temperature-sensitive agricultural goods, including rice, fish, vegetable oils, & seafood. Economies such as Malaysia & Indonesia are significant exporters of palm oil, whereas economies like Vietnam & Thailand are key exporters of rice to several European countries. The growing international trade necessitates effective temperature-controlled packaging solutions to preserve product quality, which is expected to drive regional market growth
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
In pursuit of gaining market share in specific regions, key companies often engage in multiple mergers and acquisitions. Additionally, companies establish technological collaborations to develop advanced products with superior performance characteristics, aiming to boost their revenue. For example, on January 31, 2023, Cold Chain Technologies announced the expansion of its product portfolio with the launch of CCT Therashield, a reusable temperature-sensitive thermal packaging solution designed for the healthcare industry. This strategic move is expected to enhance the company's offerings and strengthen its position in the market.
Some of the prominent players in the Global Temperature Controlled Packaging Solutions Market are:
- Pelican BioThermal LLC
- Sonoco Products Company
- Sofrigram SA Ltd.
- Cropak Industries Inc.
- Envirotainer
- CSafe
- Inbox Solutions
- FedEx Corp
- KIMO
- SKF
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Temperature Controlled Packaging Solutions Market:
The COVID-19 pandemic and the subsequent global recession have significantly impacted the temperature-controlled packaging solutions market. During the pandemic, there was an increased demand for temperature-sensitive products, including vaccines, medications, and perishable goods, which drove the need for efficient temperature-controlled packaging solutions for safe transportation and storage. The healthcare sector experienced a surge in demand for pharmaceutical and biologic products, leading to a higher requirement for temperature-controlled packaging to maintain product efficacy.
However, the recession brought about by the pandemic led to supply chain disruptions, labor shortages, and economic uncertainties, which affected the production and distribution of temperature-controlled packaging solutions. Despite these challenges, the market has shown resilience due to the essential role played by these solutions in handling temperature-sensitive products during the pandemic, and as the economy rebounds, the demand for temperature-controlled packaging is expected to continue growing in various industries.
Report Details
Report Characteristics |
Market Size (2023) |
USD 40,874.9 Mn |
Forecast Value (2032) |
USD 88,261.9 Mn |
CAGR (2023-2032) |
8.9% |
Historical Data |
2017 - 2022 |
Forecast Data |
2023 - 2032 |
Base Year |
2022 |
Estimate Year |
2023 |
Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
Segments Covered |
By Type (Active, Passive, Hybrid), By Product (Insulated Shippers, Insulated Containers, and Refrigerants), By Usage (Single use, and Reusable), By Services (Airways, Waterways, and Roadways), By Application (Food & Beverages, Healthcare and Others). |
Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
Prominent Players |
Pelican BioThermal LLC, Sonoco Products Company, Sofrigram SA Ltd, Cropak Industries Inc., Envirotainer, CSafe, Inbox Solutions, FedEx Corp, KIMO, SKF, and Other Key Players. |
Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Temperature-Controlled Packaging Solutions Market is expected to reach a valuation of USD 40,874.9 million in 2023.
In 2023, passive systems hold the highest revenue share in the Global Temperature Controlled Packaging Solutions Market.
The Reusable temperature-controlled packaging segment dominates Global Temperature Controlled Packaging Solutions Market share in 2023.
Some of the prominent players in the Global Temperature Controlled Packaging Market include Pelican BioThermal LLC, Sonoco Products Company, Sofrigram SA Ltd, Cropak Industries Inc, etc.