Global Temperature-Controlled Packaging Solutions Market Analysis and Forecast 2019-2028

Market Introduction: Key Takeaways

The global temperature-controlled packaging solutions market has been witnessing significant growth in recent years and is expected to continue its upward trajectory in the coming years. According to the market research report, the global temperature-controlled packaging solutions market was valued at US$ 11.2 billion in 2022 and is projected to grow at a significant CAGR of 11.2% during the forecast period.

The global temperature-controlled packaging solutions market is a rapidly growing market that caters to the increasing demand for safe and secure transportation of temperature-sensitive goods. Temperature-controlled packaging solutions are designed to maintain a specific temperature range during the transportation, storage, and distribution of temperature-sensitive products, such as pharmaceuticals, biologics, vaccines, food, and perishables, among others. These packaging solutions help prevent spoilage, degradation, and damage to the products, ensuring their quality and efficacy.

• The global temperature-controlled packaging solutions market is being driven by several key factors. Firstly, the growing demand for temperature-sensitive pharmaceuticals, biologics, and vaccines, especially with the increasing focus on personalized medicine and biopharmaceuticals, is fueling the demand for temperature-controlled packaging solutions.
• Secondly, the expanding global cold chain logistics network to cater to the rising demand for perishable food and beverages, including frozen and chilled products, is driving market growth. Additionally, the stringent regulations and guidelines by regulatory bodies, such as the FDA and WHO, for the transportation and storage of temperature-sensitive products, are also propelling the adoption of temperature-controlled packaging solutions.

Market Drivers and Trend Analysis

Several drivers are contributing to the growth of the global temperature-controlled packaging solutions market. One of the key drivers is the increasing demand for temperature-sensitive pharmaceuticals, biologics, and vaccines. The pharmaceutical and biopharmaceutical industries are witnessing a surge in demand for temperature-sensitive products due to the growing prevalence of chronic diseases, the need for personalized medicine, and the ongoing COVID-19 pandemic. These products require stringent temperature control during transportation and storage to maintain their quality and efficacy, driving the demand for temperature-controlled packaging solutions.

Another driver is the expanding cold chain logistics network. The growing demand for perishable food and beverages, including frozen and chilled products, is driving the expansion of the global cold chain logistics network. Temperature-controlled packaging solutions are crucial for maintaining the quality and safety of perishable goods during transportation and storage, which is driving their adoption in the food and beverage industry.

Furthermore, the increasing regulatory guidelines and standards for the transportation and storage of temperature-sensitive products are also driving the demand for temperature-controlled packaging solutions. Regulatory bodies, such as FDA and WHO, have stringent regulations in place to ensure the safety and efficacy of temperature-sensitive products. This has led to the increased adoption of temperature-controlled packaging solutions to comply with these regulations and ensure product integrity.

The global temperature-controlled packaging solutions market is witnessing several trends that are shaping its growth. One of the prominent trends is the adoption of advanced insulation materials and technologies in temperature-controlled packaging solutions. Advanced insulation materials, such as vacuum insulated panels (VIPs), phase change materials (PCMs), and advanced composites, are being increasingly used in temperature-controlled packaging solutions to improve their thermal performance and reduce the overall weight and size of the packaging. This trend is driven by the need for more efficient and sustainable packaging solutions that can maintain the required temperature range for longer durations.

Key Segmental Analysis

The global temperature-controlled packaging solutions market is segmented based on product type, application, and region. By product type, the market is categorized into insulated shippers, insulated containers, refrigerants, and others. Insulated shippers are further sub-segmented into active systems and passive systems. By application, the market is segmented into pharmaceuticals, biologics, vaccines, food and beverages, chemicals, and others. The pharmaceuticals segment is expected to dominate the market due to the increasing demand for temperature-sensitive pharmaceuticals and biologics. The food and beverages segment is also witnessing significant growth, driven by the demand for frozen and chilled food products.

Global and Regional Market Analysis – Based on Market Intelligence 

Geographically, North America is expected to dominate the market during the forecast period, owing to the well-established cold chain logistics network, stringent regulations for temperature-sensitive products, and the presence of key market players in the region. Europe is also expected to witness significant growth, driven by the growing demand for temperature-controlled packaging solutions in the pharmaceutical and food and beverage industries. Asia Pacific is expected to be the fastest-growing region, driven by the increasing demand for pharmaceuticals and vaccines, rapid urbanization, and changing consumer preferences toward frozen and chilled food products.

Competition Overview: Market Structure and Leading Players

The global temperature-controlled packaging solutions market is highly competitive, with several key players operating in the market. Some of the leading market players in the global temperature-controlled packaging solutions market include Sonoco Products Company, Pelican BioThermal LLC, Cold Chain Technologies LLC, DHL International GmbH, FedEx Corporation, AmerisourceBergen Corporation, Softbox Systems Ltd, Sofrigam SA Ltd, va-Q-tec AG, and Envirotainer AB, among others.

These players are focusing on product innovation, partnerships, mergers and acquisitions, and geographical expansion strategies to gain a competitive edge in the market.

Key Market Segmentation: Global Temperature-Controlled Packaging Solutions Market

Rationalstat has segmented the global temperature-controlled packaging solutions market on the basis of product type, application, region, end user.

• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic Countries
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Egypt
    • Sub-saharan
    • Rest of the Middle East & Africa

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs

Why Buy this Report?

The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.