Temperature Controlled Packaging Solutions Market Size By Product (Insulated container, Insulated shipper), By Application (Food & beverage, Healthcare, Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Temperature Controlled Packaging Solutions market gathered revenue around USD 9.78 Billion in 2020 and market is set to grow USD 20.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 9.47% during the prediction period 2021 to 2027.

Growth Factors:

Growing demand for fresh and frozen foods, combined with increasing use in the pharmaceutical industry, is expected to fuel market growth in the future. In addition, the rapid global growth of the cold-chain industry is expected to have a positive effect on business growth.

Further, rising consumer health awareness has fuelled the worldwide market for fresh fruits and vegetables. China and South Africa have seen rapid increases in fresh food over the past few years. As a result, grocery stores, including supermarkets, hypermarkets and convenience stores, have increased their investment in advanced fruit and vegetable packaging technology.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Temperature Controlled Packaging Solutions market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Temperature Controlled Packaging Solutions market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 20.1 Billion by 2027
Growth Rate CAGR of 9.47% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Type, Usability, Revenue Type, Product, End-Use Industry and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Sonoco Products Company, Cryopak Industries Inc, DHL International GmbH, DGP Intelsius, Cold Chain Technologies, Inc., Envirotainer AB, Softbox Systems Ltd, AmerisourceBergen Corporation,  Inmark Temperature Controlled Packaging

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Temperature Controlled Packaging Solutions market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Market Dynamics

Driver:

Biopharmaceuticals or BioPharma products are derived from biological sources (animal, human, and microorganisms). Vaccines, enzymes, tissues, gene therapies, and cell therapies are some examples of biopharmaceuticals. These products are susceptible to heat, humidity and are required to be stored in low temperatures for shipping and storage.

Vaccines and cell therapies transportation requires a lower temperature for shipping. In 2020, due to the COVID-19 pandemic, the demand for the COVID-19 vaccine, cell and gene therapies, other flu vaccines have increased significantly. According to Our World in Data, as of April 2020, about only 5% of the overall population have received at least one dose of COVID-19 vaccines.  The demand for the shipment of vaccines across the globe is expected to increase, enhancing the market for temperature-controlled packaging

Restraints:

One of the risks involving in the supply of pharmaceutical products includes contamination. US Food and Drug Administration (FDA) has the authority to regulate the shipment of products. Regulation such as 21 CFR 211.150 talks about distribution procedures of temperature-sensitive products. World Health Organization (WHO) imposed regulations on the shipment of temperature-sensitive pharmaceutical products across the globe. These regulations come under Good Distribution Practices (GDP) Regulations. To maintain the efficiency of the product, regulation focuses on identifying & minimizing risks. Managing active and passive shipments for road and air transport for various cold chain points also came in the WHO regulations.

Opportunity:

The cold chain carries temperature sensitive payload. These payloads are at risk of damage and loss due to temperature excursion during shipment. Temperature-sensitive products are primarily from the biopharmaceutical industry and are of high importance. The industry encounters a loss of about USD 35 billion yearly due to failures in temperature-controlled logistics. The shipment of COVID-19 vaccines and other products such as cell and gene therapies has increased amid the COVID-19 pandemic in 2020. The temperature-sensitive packaging solution providers are focusing on developing a platform to improve the real-time visibility across the cold chain for temperature and location of cargos.

Challenges:

The custom personals having insufficient knowledge regarding temperature-sensitive products is one of the challenges faced by this market.  The custom delaying the clearance of shipment increases the probability of damaging temperature-sensitive products due to opening and checking products which cause temperature excursion mainly for passive temperature-sensitive containers. Moreover, government compliance varies from country to country, with challenges regarding temperature compliance. The lack of expertise in handling and maintaining the active temperature-sensitive containers and improper loading & unloading of products is another challenge for the temperature control market.

Regional Insights

North America is the largest temperature controlled packaging solutions market for pharmaceuticals. The market is witnessing high growth on the backdrop of burgeoning demand from healthcare sector. The demand for transportation drugs, vaccines and clinical trials in North America has triggered the temperature controlled packaging solutions growth. North America, especially the U.S. is home to many established players which are engaged in developing technologies and process necessary to develop cold chain system efficiently.

Due to the increasingly rising demand for frozen goods and well developed infrastructure in large urban populations, China is a top market for cold chain production. A rapid transition from a manufacturing and construction-led economy to a consumer-led economy is currently under way in China. In the middle class, rapid growth provides tremendous opportunities. The demand for the use of cold chain storage and transportation systems has increased in cities such as Beijing and Shanghai.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Temperature Controlled Packaging Solutions Market include:  Sonoco Products Company, Cryopak Industries Inc, DHL International GmbH, DGP Intelsius, Cold Chain Technologies, Inc., Envirotainer AB, Softbox Systems Ltd, AmerisourceBergen Corporation,  Inmark Temperature Controlled Packaging

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

By Product

  • Insulated container
  • Insulated shipper

By Application

  • Food & beverage
  • Healthcare
  • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Temperature Controlled Packaging Solutions market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Temperature Controlled Packaging Solutions market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Temperature Controlled Packaging Solutions markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Temperature Controlled Packaging Solutions Market Study:

  • Growth of Temperature Controlled Packaging Solutions in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Temperature Controlled Packaging Solutions and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Temperature Controlled Packaging Solutions Consumption Analysis
  •  Temperature Controlled Packaging Solutions Production Analysis
  •  Temperature Controlled Packaging Solutions and Management