Passive Temperature Controlled Packaging Market By Product type (Insulated Shipper, Insulated Containers), By Business (Warehousing, Transportation), By End User (Food and Beverages, Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global passive temperature controlled packaging market size was valued at $10,286.1 million in 2021 and is projected to reach $24,462.0 million by 2031, registering a CAGR of 9.1% from 2022 to 2031. Passive temperature controlled packaging includes thermally insulated boxes and containers. Their insulation is typically made of organic or inorganic wool, expanded polystyrene, aluminum foil, vacuum insulated panel (VIP), polyurethane (PUR), and kraft paper. It helps in maintaining a conducive temperature for temperature-sensitive products so as to prevent spoilage during transportation.
The global population along with globalization is rising at a significant rate, which is estimated to drive up the global trade volumes of various products from across the industries including pharmaceutical, food & beverages, chemicals, and personal products industries. These industries produce or handle products that are sensitive to temperature other than specified. For instance, various lab samples, vaccines, and medicines tend to spoil in higher temperatures. In addition, food products lose their quality in higher temperatures. Thus, products from these sectors are typically stored and transported in a cold and dark environment. This is made possible by passive temperature-controlled packaging, resulting in the growth of the passive temperature controlled packaging market. In addition, innovative and sustainable passive temperature controlled packaging provides lucrative growth opportunities to the market. For instance, in March 2022, Cold Chain Technologies, LLC a global provider of thermal packaging solutions for the products from life sciences industry, acquired Packaging Technology Group. Packaging Technology Group produced sustainable and curbside-recyclable thermal packaging solutions for the life sciences industry.
The passive temperature controlled packaging market is segmented on the basis of product type, business, application, and region. By product type, the market is bifurcated into insulated shippers and insulated containers. By business, the market is categorized into warehousing and transportation. On the basis of application, it is fragmented into food & beverage, pharmaceuticals, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as acquisition, product launch, and business expansion to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the passive temperature controlled packaging market report include AmerisourceBergen Corporation, Atlas Roofing Corporation (Atlas Molded Products), Cold Chain Technologies, LLC, CSafe (Softbox Systems), Deutsche Post AG, FedEx Corporation, Intelsius, Pelican Products, Inc. (Peli BioThermal Limited), Sofrigam, and Sonoco Products Company.
Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging passive temperature controlled packaging market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2031.
Extensive analysis of the passive temperature controlled packaging market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global passive temperature controlled packaging market forecast analysis from 2022 to 2031 is included in the report.
The key market players within passive temperature controlled packaging market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the passive temperature controlled packaging industry.
Key Market Segments
By Product type
Insulated Shipper
Insulated Containers
By Business
Warehousing
Transportation
By End User
Food and Beverages
Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Pelican Products, Inc. (Peli BioThermal Limited)
Sonoco Products Company
Cold Chain Technologies, LLC
AmerisourceBergen Corporation
Deutsche Post AG
Sofrigam
Atlas Roofing Corporation (Atlas Molded Products)
FedEx Corporation
Intelsius
CSafe (Softbox Systems)
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