Temperature Controlled Packaging Solutions Market Size - By Type (Passive Systems, Active Systems), By Product (Insulated Containers, Insulated Shippers, Refrigerants), By Usability (Single, Reusable), By End-use Industry & Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Packaging | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTemperature Controlled Packaging Solutions Market Size - By Type (Passive Systems, Active Systems), By Product (Insulated Containers, Insulated Shippers, Refrigerants), By Usability (Single, Reusable), By End-use Industry & Forecast, 2024 – 2032
Temperature Controlled Packaging Solutions Market Size
Temperature Controlled Packaging Solutions Market was valued at over USD 35 billion in 2023 and is estimated to register a CAGR of over 15% between 2024 & 2032. The surge in e-commerce, particularly for perishable goods and pharmaceuticals, has necessitated robust temperature controlled packaging solutions that can withstand the rigors of last-mile delivery while maintaining product integrity.
To get key market trends
According to the U.S. Census data, the U.S. retail e-commerce sales for the fourth quarter of 2023 were over USD 285.2 billion, an increase of over 7.5% as compared to the fourth quarter of 2022. Also, the online pharmacy sector has seen substantial growth, fueled by the convenience of home delivery and the rising demand for over-the-counter and prescription medications. Many pharmaceuticals including vaccines and biologics are temperature-sensitive and require temperature-controlled packaging to ensure their efficacy and safety until they reach the consumer.
The expansion of cold-chain logistics globally, fueled by globalization and trade liberalization, is also a significant growth driver. As more products are shipped across greater distances, the need for effective temperature-controlled packaging solutions to ensure product integrity during transit becomes paramount.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Temperature Controlled Packaging Solutions Market Size in 2023 | USD 35 Billion |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 15% |
| 2024 – 2032 Value Projection | USD 175 Billion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 333 |
| Segments covered | Type, product, usability, end-use industry, and region |
| Growth Drivers |
|
| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Creating and producing special packaging designed to keep things at a specific temperature can be very expensive. This is because these packages often use special materials like ones that change how they store heat, super effective insulation, and smart sensors to keep an eye on the temperature. These parts are costly to make, so the packaging ends up being much more expensive than regular packaging. For small businesses, especially, this high cost can make it tough for them to buy these special packages. Keeping the right temperature when storing and moving products also takes energy, especially if you're using a system that actively cools things down. You'll need special equipment to keep these systems charged or powered up, and the electricity they use will add to the cost of using these temperature-controlled packages.
Temperature Controlled Packaging Solutions Market Trends
There is a strong trend toward sustainable temperature-controlled packaging solutions. Companies are increasingly looking for materials and designs that minimize environmental impact such as biodegradable, recyclable, or reusable components. This shift is driven by the consumer demand for sustainability, regulatory pressures, and corporate sustainability goals.
The development and use of advanced insulation materials that offer superior thermal protection with less bulk & weight are on the rise. Materials, such as aerogels, vacuum insulation panels, and Phase Change Materials (PCMs), are becoming more common, improving the efficiency and performance of temperature-controlled packaging. Also, the integration of IoT technology into temperature-controlled packaging solutions is on the rise. Smart sensors and connected devices can monitor and record temperature data in real-time throughout the supply chain, ensuring the integrity of temperature-sensitive products and enabling proactive management of the cold chain.
Temperature Controlled Packaging Solutions Market Analysis
Learn more about the key segments shaping this market
Hey there! Let's talk about insulated containers. They're kind of a big deal in the world of keeping things cold or warm. They're like special boxes that can control the temperature inside, making them perfect for shipping things like food, medicine, and chemicals. Out of all these options, insulated containers are the most popular, with over 40% of the market share in 2023. That's because they're super flexible and can be used for a wide range of temperature-sensitive stuff. They're great for everything from fancy medications to frozen pizzas. And here's a cool thingwith online shopping getting bigger and bigger, people are ordering more food and groceries to their doorsteps. That means we need even more ways to make sure the food stays fresh and safe during delivery. Insulated containers, especially smaller ones for last-mile delivery (that's the final part of getting it to your door), are a key part of meeting that need. So, if you're looking for a way to keep your stuff the right temperature, insulated containers are your go-to choice.
Learn more about the key segments shaping this market
Imagine you're a delivery driver tasked with transporting delicate medications worldwide. From the bustling streets of New York to the scorching heat of Dubai, you need to make sure these medicines stay within specific temperatures. That's where temperature-controlled packaging comes in. It's like a magic box that keeps the medicines cool or warm, no matter where you take them. As drug companies spread their wings across the globe, the demand for these special packages has skyrocketed. To make things even more important, government regulators like the FDA and EMA have strict rules about how medicines are handled and shipped. They say, "Use temperature-controlled packaging or else!" So, to stay on their good side, drug companies have to use these packages that can prove the medicines stayed at the right temperature every step of the way.
Looking for region specific data?
North America dominated the global temperature controlled packaging solutions market in 2023, accounting for a share of over 30%. The advanced healthcare infrastructure and high healthcare spending in North America contribute to the demand for temperature-controlled packaging as it is necessary for the safe distribution of temperature-sensitive healthcare products including pharmaceuticals, clinical trial materials, and medical devices. North America's significant healthcare expenditure and aging population also increase the demand for pharmaceuticals & healthcare products, many of which require temperature-controlled distribution. This demographic trend underpins the long-term growth prospects of the temperature-controlled packaging market in the region.
Temperature Controlled Packaging Solutions Market Share
Sonoco Products Company and VA-Q-TEC AG hold a significant share of over 2% in the temperature controlled packaging solutions industry. Sonoco Products Company offers an extensive range of innovative & high-quality packaging solutions tailored for temperature-sensitive products. Its success is attributed to a strong global presence, a commitment to sustainability, and continuous investment in research & development, enabling the company to meet diverse customer needs across industries effectively.
VA-Q-TEC AG holds a significant market share in the temperature-controlled packaging solutions market due to its innovative high-performance vacuum insulation panels and phase change materials. These technologies offer superior thermal protection for sensitive goods, driving demand in pharmaceuticals, biotechnology, and logistics industries worldwide.
Temperature Controlled Packaging Solutions Market Companies
Major players operating in the temperature controlled packaging solutions industry are
- Sonoco Products Company
- VA-Q-TEC AG
- Cold Chain Technologies, LLC
- Pelican BioThermal LLC
- CSafe, LLC
- Sofrigam SA
Temperature Controlled Packaging Solutions Industry News
- In January 2024, CSafe and WFS collaborated to provide active air cargo units at Kempegowda International Airport in Bengaluru. As part of the SATS Group, WFS runs two cargo terminals in Bengaluru, one of which is WFS Coolport, the only entry point for any temperature-controlled cargo traveling through the airport. As the CSafe station at Bengaluru Airport is housed inside WFS Coolport's grounds, containers can enter and exit the country more quickly.
- In October 2022, CSafe launched an advanced reusable pallet shipper, CSafeAPS. With ambient, chilled, and frozen temperatures, it is designed to offer dependable and adaptable thermal protection. CSafeAPS offers continuous protection for over 120 hours and has been rigorously tested against the most difficult ISTA 7D profiles. The product features real-time GPS location tracking, cargo & ambient temperature monitoring, ambient humidity & pressure monitoring, shock, tilt, and door open/close events. Using its unique cloud-based shipment visibility platform, CSafe can monitor shipments in real time for the entire duration of their journey. One feature that reduces risk is the thermal capacity indicator, which shows the expected amount of temperature protection for each lane. This ensures that the product reaches its destination undamaged.
The temperature controlled packaging solutions market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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Market, By Type
- Passive systems
- Active systems
Market, By Product
- Insulated container
- Insulated shipper
- Refrigerants
Market, By Usability
- Single
- Reusable
Market, By End-use Industry
- Pharmaceuticals & healthcare
- Food & beverages
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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