Brainy Insights launched a study titled Temperature Controlled Packaging Solutions Market Size by Type (Passive and Active), Product, Application, Usage Type, Regions, Global Industry Report, Share, Growth, Trends, and Forecast 2022 to 2030
The global temperature-controlled packaging solutions market is expected to grow from USD 11.67 billion in 2021 to USD 23.69 billion by 2030, at a CAGR of 8.18% during the forecast period 2022-2030. The increased product wastage control movements and rising growth in the pharmaceutical enterprise are anticipated to boost demand for the temperature-controlled packaging solutions market. Moreover, rapid urbanization and the use of insulated shippers in the transportation of different temperature-sensitive products are also helping to drive the market’s growth during the forecast period.
The active type segment led the market with a market value of around 6.78 billion in 2021.
The type segment of the temperature-controlled packaging solutions market is divided into passive and active. The active type segment led the market with a market value of around 6.78 billion in 2021. This growth is attributed to the leading vendors’ increasing accumulation of cold storage ability.
The insulated shipper product segment led the market with a market value of around 3.74 billion in 2021.
The product segment of the temperature-controlled packaging solutions market comprises refrigerants, insulated containers, protective packaging, and insulated shippers. The insulated shipper product segment led the market with a market value of around 3.74 billion in 2021. This growth is attributed to the significant development in autosamplers across the world.
The food & beverage application segment led the market with a market value of around 3.28 billion in 2021.
The application segment of the temperature-controlled packaging solutions market is divided into healthcare, food & beverage, biomedical, pharmaceutical, and others. The food & beverage application segment led the market with a market value of around 3.28 billion in 2021. This growth is attributed to the increasing demand for fresh fruits & vegetables across the world.
The reusable packaging segment led the market with a market value of around 6.66 billion in 2021.
The usage type segment of the temperature-controlled packaging solutions market is divided into the reusable packaging and single-use packaging. The reusable packaging segment led the market with a market value of around 6.66 billion in 2021. This growth is attributed to the increasing pharmaceutical industry.
Regional Segmentation Analysis:
The market is analyzed based on five regions, namely North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The North American region emerged as the largest global temperature-controlled packaging solutions market with a market value of around 5.60 billion in 2021. North America currently dominates the temperature-controlled packaging solutions market, and this trend is expected to continue during the forecast period. This growth is attributed to the rising consumption in the transport of medicines, blood transfers, donor organs, and clinical trial distribution products.
Competitive Analysis:
The major players in the market include Pelican BioThermal LLC, Sonoco Products Company, Sofrigram SA Ltd, Deutsche Post AG (DHL), FedEx Corp, Cold Chain Technologies, KIMO, ACH Foam Technologies, AmerisourceBergen Corp, WIKA Alexander Wiegand SE & Co, SKF, OMEGA Engineering, Testo SE & Co, Olympus Corporation, ILLIG Maschinenbau GmbH & Co, and Tempack and Cropak, and among others.
Get Sample PDF Brochure, Click Here
