Global Temperature Controlled Packaging Solutions Market

Temperature Controlled Packaging Solutions Market size reached USD 15.1 billion in 2023 and is estimated to reach USD 28.8 billion in 2031 and the market is estimated to grow at a CAGR of 8.4% from 2024-2031.

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Major Temperature Controlled Packaging Solutions Market Drivers

The global temperature controlled packaging solutions market is driven by an increase in demand for processed food, a rise in requirement for frozen and fresh food, and growing applications in the pharmaceutical industry. The rise in the requirement for frozen food items globally can be attributed to changing lifestyles and hectic working hours. The move in consumer preferences towards ready-to-eat meals is influenced by time constraints. As this trend of consuming frozen foods attains growth, the need for temperature controlled packaging is essential for the precise delivery of frozen food items and is predicted to witness significant growth globally. 

In addition, the global frozen food industry is witnessing growth because of increase in demand from countries including China, the U.S., the Philippines, and India. The strong buying power of consumers across South Asian countries has resulted in an increased need for convenient food items. The projected continuation of a different range of processed foods is set to drive the growth of the target industry in the forecast period, due to the rising participation of women in the workforce. The increase in global health awareness among customers has driven the demand for vegetables and fresh fruits. Whereas China and South Africa have observed growth in fresh food consumption in recent years. Thereby, grocery retailers including hypermarkets, supermarkets, and local stores, have increased their spending on developed packaging technology for vegetables and fruits. Furthermore, the United Kingdom, Netherlands, and Belgium are the foremost traders of fresh fruits and vegetables from developed countries. In the European, and U.S. nations, bananas are being the most consumed fruit. It is predicted that fresh fruit and vegetable suppliers globally will increasingly adopt temperature-controlled packaging solutions for their end products in the coming period.

Moreover, the global temperature controlled packaging market is predicted to witness growth driven by factors including the expansion of the pharmaceutical industry, innovations in reusable packaging technology, and the growing usage of temperature-control packaging solutions for the transportation of medicines, donor organs, blood transfers, and clinical trial distribution products. Temperature controlled pharmaceutical packaging solutions ease the risks and preserve product quality through the supply chain by strengthening internal temperatures. As per the Indian Brand Equity Foundation report, the Indian industry of pharmaceutical reached USD 33 billion in 2017. However, by the same, it is also that the trade of pharmaceuticals from India rose from USD 17.27 billion in 2018 to USD 19.14 billion during 2019.

In recent years, global health organizations such as WHO have shown the worth of decreasing vaccine waste. The rising implementation of vaccine wastage monitoring programs is anticipated to propel the demand for these resources in the future. It is anticipated that the implementation of stringent government regulations focused on developing the distribution practices of pharmaceutical products is leading the market growth. Although, vaccine storage demand differs, varying from ultra-low temperatures like -800C (using dry ice) to -600C, -200C, and the usual 2-80C temperature range. As per the World Health Organization suggests the inclusion of a temperature monitor in each shipment to record the vaccine’s temperature at discrete points throughout transportation. The usage of electronic temperature monitors enable real-time or near-real-time alerts to the shipper, representing the requirement for intervention. This allows the receiving country to assess whether to accept the package. These factors are predicted to contribute to the growth of the global temperature controlled pharma packaging solutions market.

The market growth for temperature controlled packaging solutions in pharmaceuticals is predicted to be driven by extending global research and development programs aimed at developing manufacturing and packaging procedures within the pharmaceutical and biotech industries. The influencing production of novel drugs and therapies, such as r-proteins, monoclonal antibodies, stem cells, and others coupled with pharmaceutical materials, has increased the demand for effective cold chain packaging systems is predicted to foster the overall growth of the market.

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Meanwhile, government policies with stringent rules and regulations pose a hindrance to the market. The shipment of temperature-sensitive goods such as medication, and vaccines requires severe compliance with regulations and regulations to verify their effectiveness and safety. For instance, the International Air Transport Association’s Temperature Control Regulations include all the needs and information for the compatible shipment of temperature-sensitive products. The TCR offers guidelines on carrier and government guidelines, packaging supplies, and documentation, focusing on decreasing losses and developing patient health. Along with TCR, regulatory bodies like the FDA have established stringent standards for the transportation and storage of sensitive medicinal products and perishable food items. Adherence to these standards is crucial to confirm product integrity and safety.

Whereas, the pharmaceutical industry expanding aim of developing drugs and therapies for unusual diseases is expected to create lucrative growth opportunities globally. Key market players in the pharmaceutical sector are spending on research and development activities of vaccines for uncommon diseases, including those affecting the blood. The growing number of initiatives and assistance of the government are supporting companies globally to develop orphan drugs specifically personalized for rare diseases. As per the Food and Drug Administration has sanctioned different orphan drugs for rare diseases in recent years. These drugs are formulated with high-value ingredients and have relatively short shelf lives. The need for stringent temperature control due to the characteristics of these drugs is expected to boost the demand for ultra-low temperature range packaging solutions. Also, the global distribution range is expanding rapidly to transport target products across different climatic zones. Both international and local players are developing their global connections and prioritizing regular shipping to end-users. The increased demand for cold chain packaging systems is projected to propel the industry growth in the forecast period. 

By type, active system registered the largest market size globally

The active system represents the largest type of segment in the temperature controlled packaging solutions market. Active containers use active temperature control, maintaining a precise temperature range through electric cooling or with the assistance of dry ice. The active system offers the maximum temperature accuracy compared to the passive system. Despite being a more costly option, it confirms a stable temperature during long-distance shipments and effectively manages displays in the supply chain. The existence of a power source decreases the likelihood of temperature excursions, making active systems favorable. The increasing transportation of large-volume payloads of temperature-sensitive pharmaceutical projects is expected to propel the implementation of active systems in the forecast period.

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North America is predicted to be the fastest-growing region

The North American market growth is attributed to great huge existence of the pharmaceutical and healthcare industries. The U.S. holds a significant share due to the presence of five of the top 10 pharmaceutical companies around the globe, including Johnson & Johnson, Abbott Laboratories, Pfizer, Merck & Co., Pfizer, and AbbVie. As per PhRMA, U.S. pharmaceutical firms contribute over half of the world’s pharmaceutical research and development, amounting to USD 75 billion. A report from Pharmaceutical Commerce estimates that by 2023, Americans are expected to invest between USD 635 and USD 655 billion in medicine.

Top Market Players

Several leading Temperature Controlled Packaging Solutions companies operating in the market, include, Sonoco Products Company, Va-Q-Tec AG, Cold Chain Technologies, Peli BioThermal Limited, Softbox Systems Ltd., Sofrigam Group, DGP Intelsius GmbH, Inmark, LLC, Envirotainer, and FedEx Corporation, among others.

Key Developments:

• • In 2023, Nordic Cold Chain Solutions expanded its testing and lab facilities coupled with a testing chamber to offer top-quality goods and ensure the high performance of its customers.
  • In 2022, Cold Chain Technologies successfully bought Packaging Technology Group to offer sustainable and environmentally friendly packaging solutions.
  • In 2022, Peli BioThermal Limited launched an innovative flexible temperature control transporting solution to help the pharmaceutical companies.
  • In 2020, Softbox introduced a curbside-recycable temperature control parcel shipper known as Tempcell ECO to reinforce its product portfolio and addressing the transportation demand of clients.
  • In 2021, Cold Chain Technologies (CCT), a provider of reusable thermal packaging solutions for the shipment of temperature-sensitive material, announced its expansion into Europe, the Middle East, and Africa.

Segments covered in the Report:

The global Temperature Controlled Packaging Solutions market has been segmented on the basis of system type, product type, end-use industry, and key regions. Based on system type, the market is segmented into active and passive. Based on the product type, the market is segmented into insulated shippers, insulated containers, and others. Based on the end use, the market is segmented into healthcare, food & beverages, and others.

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Market Segmentation

Global Temperature Controlled Packaging Solutions Market by System Type

• • Active
  • Passive

Global Temperature Controlled Packaging Solutions Market by Product Type

• • Insulated Shippers
  • Insulated Containers
  • Others

Global Temperature Controlled Packaging Solutions Market by End-Use Industry

• • Healthcare
  • Food & Beverages
  • Others

Global Temperature Controlled Packaging Solutions Market by Region

• • North America Temperature Controlled Packaging Solutions Market (Option 1: As a part of the free 25% customization)

    • By System Type
    • By Product Type
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Temperature Controlled Packaging Solutions Market (Option 2: As a part of the free 25% customization)

    • By System Type
    • By Product Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Temperature Controlled Packaging Solutions Market (Option 3: As a part of the free 25% customization)

    • By System Type
    • By Product Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Temperature Controlled Packaging Solutions Market (Option 4: As a part of the free 25% customization)

    • By System Type
    • By Product Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Temperature Controlled Packaging Solutions Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sonoco Products Company
  • Va-Q-Tec AG 
  • Cold Chain Technologies
  • Peli BioThermal Limited
  • Softbox Systems Ltd.
  • Sofrigam Group
  • DGP Intelsius GmbH
  • Inmark, LLC
  • Envirotainer
  • FedEx Corporation