UK Temperature Controlled Packaging Systems Market Size By Type (Active Systems, Passive Systems), By Application (Food & Beverages, Healthcare), And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
UK Temperature Controlled Packaging Systems Market Size By Type (Active Systems, Passive Systems), By Application (Food & Beverages, Healthcare), And Forecast
UK Temperature Controlled Packaging Systems Market Size And Forecast
UK Temperature Controlled Packaging Systems Market size was valued at USD 1,106.02 Million in 2023 and is projected to reach USD 2,379.09 Million by 2030, growing at a CAGR of 10.04% from 2024 to 2030.
Increasing consumer demand for fresh and frozen food and significant surge in demand from healthcare and pharmaceutical industry are the factors driving market growth. The UK Temperature Controlled Packaging Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
UK Temperature Controlled Packaging Systems Executive Summary
Temperature-controlled packaging methods are utilized to preserve a specific temperature range for fragile products through storage and transit. Products in the pharmaceutical, biotechnology, vaccine, food, and other perishable sectors that deal with temperature-sensitive commodities depend heavily on these systems. Using temperature-controlled packaging benefits producers significantly since it maintains perishable products safe from the elements and minimizes wastage. During the projection period, the temperature-controlled packaging market trends in the UK are expected to witness profitable expansion. The primary items in the UK that accounted for the most significant percentage of temperature-controlled packaging solutions were meat, fish, and marine food. The expansion of the pharmaceutical industry is also the main driver of the temperature-controlled packaging market.
Temperature-controlled logistics are associated with the nation’s export activity. Also, the third-biggest online grocery market is in the UK. The nation’s growing online industry is driving up demand for temperature-controlled packaging. Temperature-controlled packaging extends the items’ shelf life while preserving their quality. The nation’s consumer habits and preferences for purchasing are evolving. The growing trend of online shopping and healthy living contributes to the need for temperature-controlled packaging for the secure transit and storage of products.
The UK Temperature Controlled Packaging Systems Market has grown significantly due to ongoing technical improvements. Innovations like smart packaging, Internet of Things-enabled sensors, and real-time monitoring features improve the effectiveness and dependability of temperature-controlled systems. Also, The temperature-controlled packaging industry has grown dramatically in part due to the UK’s modernization and development of cold chain infrastructure.
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UK Temperature Controlled Packaging Systems Market Outlook
Growth in the United Kingdom temperature controlled packaging solutions market is driven by rising demand for frozen food products and a growing focus on reducing food wastage. Due to changing lifestyles along with busy schedules have increased the demand for the frozen foods in UK. Time limitation has become the main factor for changing consumer preferences towards ready to eat meals. These frozen foods need a precise temperature for their delivery according to the trend of the intake of frozen foods is expected to boost the growth of temperature controlled packaging. In addition, according to the Frozen Food Report 2022, issued by the British Frozen Food Federation (BFFF) in February, frozen food sales in the United Kingdom have grown by 13.5%, compared to pre-coronavirus pandemic levels.
Temperature-controlled packaging is a critical part of the temperature supply chain. Pharmaceutical industry is amongst the fastest-growing industries in the UK. The industry deals in the discovering and developments of the drugs or other pharmaceutical products that are used as medications. Pharmaceutical companies deal in generic as well as branded drugs and are subjected to various stringent laws and regulations. Moreover, growth in the population, especially the geriatric population, and increasing number of communicable and non-communicable diseases are playing a crucial role in propelling the pharmaceutical industry. This is increasing the demand for prescription and non-prescription drugs which are labelled as temperature-sensitive owing to their critical nature. Therefore, it has increased the need for temperature controlled packaging solutions for medicine transportation and this is expected to drive the Europe temperature controlled packaging solutions market.
Several stringent government legislations and regulations on the use of temperature-sensitive products for producing temperature-controlled packaging solutions are estimated to restrict market growth. Moreover, many safety measures are essential to maintain during packaging of pharmaceutical and medicinal products like the container should be clean, dry and many more. These factors are predictable to limit the market growth of temperature-controlled packaging solutions. The growing use of cutting-edge technologies in the pharmaceutical industry presents a potential for the temperature controlled packaging market expansion. Additionally, the digital platforms monitor temperature, vibration, and other variables for cold chain payload transfers. The market grows more quickly when information like flight schedules, weather, and the promise of quick delivery of goods is made available.
UK Temperature Controlled Packaging Systems MarketSegmentation Analysis
The UK Temperature Controlled Packaging Systems Market is segmented on the basis of Type, and Application.
UK Temperature Controlled Packaging Systems Market, By Type
- Active Systems
- Passive Systems
- Hybrid Systems
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Based on Type, the market is segmented into Active Systems, Passive Systems, and Hybrid Systems. Passive Systems accounted for the largest market share of 50.64% in 2022 and is projected to grow at a CAGR of 9.17% during the forecast period. Passive temperature-controlled packaging systems represent a sustainable and cost-effective solution for transporting sensitive goods across diverse industries. Operating without the need for external power sources or mechanical components, these systems rely on thermal insulation and insulating materials like foams, reflective foils, or vacuum panels to provide stable temperature environments. This makes them ideal for relatively short transport durations, contributing to their reputation as eco-friendly and economical alternatives.
UK Temperature Controlled Packaging Systems Market, By Application
- Food & Beverages
- Healthcare
- Chemical
- Others
Based on Application, the market is segmented into Food & Beverages, Healthcare, Chemical, and Others. Food & Beverages accounted for the largest market share of 54.93% in 2022 and is projected to grow at a CAGR of 9.94% during the forecast period. Temperature-controlled packaging systems play a critical role in the food and beverage industry, ensuring the safe and efficient transportation of perishable goods from production to consumption. These systems are essential for maintaining the quality, safety, and freshness of a wide range of food products. In the food industry, temperature-sensitive items such as fresh produce, dairy products, meats, and frozen foods require specific storage and transportation conditions. Temperature-controlled packaging helps prevent spoilage, bacterial growth, and degradation of nutritional content during transit.
Key Players
The “UK Temperature Controlled Packaging Systems Market” is highly fragmented with the presence of a large number of players in the Market. Some of the major companies include DHL, Air Sea Containers, Morgan Advanced Materials, Hydropac, Swiftpak Limited, DS Smith, PHARMAFREIGHT LTD., TOWER Cold Chain Solutions, Woolcool, Chilled Packaging, Peli BioThermal, Softbox Systems, Cryopak, FedEx Corp., Intelsius, DoKaSch Temperature Solutions, Emball’iso, Sorba-Freeze. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating Temperature Controlled Packaging Systems Market. takes into consideration several factors before providing a company ranking.
The top three players for the Temperature Controlled Packaging Systems Market are DHL, FedEx Corp., DS Smith. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across the country, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Temperature Controlled Packaging Systems Markets.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Temperature Controlled Packaging Systems Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as the product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | DHL, Air Sea Containers, Morgan Advanced Materials, Hydropac, Swiftpak Limited, DS Smith, PHARMAFREIGHT LTD. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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