Global Temperature Controlled Packaging Solutions Market to reach USD 94.9 billion by 2027. Global Temperature Controlled Packaging Solutions Market is valued approximately at USD 29.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 18.4% over the forecast period 2021-2027. Changing lifestyles and busy schedules have increased the demand of frozen foods which, in turn is driving the temperature-controlled packaging solution market. Also, with the advent of COVID-19 vaccines around the world, the demand for temperature-sensitive packaging has significantly increased. According to Our World in Data, only about 5% of the global population have received at least one dose of COVID-19 vaccines as of April 2020. So, the vaccine shipment is further expected to increase, thus fueling the market growth. Moreover, increasing applications in the biopharmaceutical industry is likely to create new opportunities for the market. However, strict regulations on transport of temperature sensitive products may impede the market growth over the forecast period.
North America dominated the market in 2020 in terms of share and is also expected to exhibit the highest CAGR over the forecast period. This growth can be attributed to the presence of key players and increasing investments in R&D activities in the region.
Major market player included in this report are:
Sonoco Products Company
Va-Q-Tec AG
Softbox Systems
DGP Intelsius GMBH
Envirotainer AB
Cold Chain Technologies, LLC
Pelican BioThermal LLC
Sofrigam SA
Inmark, LLC
Cryopak Industries Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Active Systems
Passive Systems
By Usability:
Single
Reuse
By Revenue Type:
Products
Services
By Product:
Insulated Shippers
Insulated Chambers
Refrigerants
By End-Use:
Pharma
Bio-pharma
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Temperature Controlled Packaging Solutions Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors