Passive Temperature Controlled Packaging Market Size | 2031
Passive Temperature Controlled Packaging Market Size | 2031
Segments - Passive Temperature Controlled Packaging Market by Product Type (Insulated Shippers, Insulated Containers, Refrigerants, and Others) and Application (Food & Beverages, Research & Developments, Pharmaceuticals, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-5020
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Report Description
Passive Temperature Controlled Packaging Market Outlook 2031
The global passive temperature-controlled packaging market size was around USD 10.4 Billion in 2022 and is likely to reach USD 24.45 Billion by 2031, expanding at a CAGR of 9.1% during the forecast period, 2023–2031. The growth of the market is attributed to rising urbanization, changing lifestyle choices, and globalization.
Passive packaging provides temperature-controlled packaging, which is cold chain packaging, that aids in shipping readily packed products in insulated containers available in different sizes. These insulating shipments maintain temperatures ranging between 2°C to 25°C for up to 96 hours. They are designed for temperature-sensitive goods.
Passive packaging includes thermally insulated packaging. It uses frozen water packs, dry ice, gel packs, and other insulation technologies to keep the contained items cool or hot. During the transit, it ensures that the temperature & environment within the shipment is maintained as per the requirement of the particular product, to avoid spoilage and wastage.
This packaging does not need to have a direct electrical connection to the shipments. Pre-conditioned cooling agents such as phase change materials (PCM), frozen water packs gel packs, and dry ice are generally used for cooling purposes & vacuum insulation and other insulation techniques are used for maintaining a desired low temperature helping the cooling agent work efficiently. On the contrary, in active packaging, a direct electrical connection is required for cooling and temperature-controlling purposes.
It ensures that the goods remain at the right temperature for a certain period of time. In cold chain packaging, fish & seafood, pharmaceuticals, seasonal fruits & vegetables, dairy products & meat, research & development essentials, and healthcare equipment & essentials are the products that need to be transported in a temperature-controlled environment.
During the initial stage of the COVID-19 pandemic, businesses were severely hampered, since there were no proper standard operating procedures defined for the industry to follow. When the same was released by the World Health Organization (WHO), the business resumed its operations and gradually grew further as during this period, it was crucial to get supplies of vaccines, medicines, research materials, medical devices, sensitive and perishable goods, blood components, and human tissues.
Key Trends
Globalization has introduced popular food cultures and has hence brought continental i.e. European cuisine and oriental Asian food to the limelight. Raw food ingredients, spices, condiments, and meat & seafood varieties, and vegetables are crucial parts of certain cuisines. This is a rising trend in the food & beverage sector that encourages the demand for passive temperature-controlled packaging.
Major Drivers
Growing transportation activities is a major factor driving the market growth in the coming years. Increasing demand for exotic fruits, vegetables, seafood, and meat across the globe requires a temperature-sensitive solution for its transportation.
Urbanization has encouraged brands including KFC, McDonald’s, Starbucks, Pizza Hut, Domino’s, and Burger King, with their delicacies served, which are majorly ‘frozen foods’. The expansion of their business and the brand popularity keep the passive temperature-controlled packaging companies in the business.
Research & development in life science needs a prominent mode of transit for research essentials such as equipment, samples, and vital organs which often are delicate or perishable, due to multiple delicate parameters. The passive packaging provides a suited mode of transport as the Research essentials are received with an expected sensitivity and specificity kept intact.
Rapid growth in pharmaceutical companies has been observed which has effectively supported the passive packaging business, with the changing lifestyle and lifestyle choices made in today’s date.
Existing Restraints
In spite of such major applications of passive packaging, if on average the goods or products to be transported, are not as expensive as the cost per shipping container, then the cost of the shipment becomes an additional expense to the company which is a drawback to those who are looking for the budget-friendly alternatives. However, in such cases considering shipping a product in bulk, surely is a considerable option. Thus, large-scale investment hinders the market growth.
Scope of Passive Temperature-Controlled Packaging Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Passive Temperature-controlled Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Type (Insulated Shippers, Insulated Containers, Refrigerants, and Others) and Application (Food & Beverages, Research & Developments, Pharmaceuticals, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Sonoco Products Company; GEBHARDT Logistic Solutions GmBbH; Cold Chain Technologies; Inmark packaging LLC; Exeltainer SL; Pelican Products; Deutsche Post AG; Atlas; FedEx (Atlas Molded Products) Intelsius Corporation; Roofing Corporation, CSafe (Softbox Systems); Sofrigam; EcoCool GmbH; DGP Intelsius Ltd.; Va-Q-tec AG; Tempack Packaging Solutions; Saeplast America's Inc.; American Aerogel Corporation. |
Passive Temperature Controlled Packaging Market Segment Insights
Based on product type, the passive temperature-controlled packaging market is segmented into insulated shippers, insulated containers, refrigerants, and others. The insulated shipper segment is projected to grow significantly during the forecast period as this kind of passive packaging has a greater number of applications. This insulated shipping packaging is suitable for the transportation of perishable food items, pharmacy essentials, and equipment & essentials. It can be customized according to the requirements of the product to be shipped in terms of size and temperature, and labeling.
On the basis of application, the market is divided into food & beverages, research & developments, pharmaceuticals, and others. The food & beverages segment accounts for a key market share, due to the growing lifestyles of consumers, which demands for frozen and ready-to-eat foods.
Globalization has introduced multicontinental cuisines to the world which lead to a certain growth in demand for meats, seafood, and other raw materials that need to be transported locally and from overseas while maintaining optimum temperatures.
The pharmaceutical segment is anticipated to expand rapidly during the forecast period. Pharmaceutical companies are able to send or receive the products such as medicines, chemicals, cosmetics, drugs and more using passive temperature-controlled packaging. This mode of packaging is preferred by pharmaceuticals as the quality of the products stays intact when they reach the destination.
The reusability of passive packaging makes it cost-efficient. Globalization has promoted the collaborative efforts of research & development professionals. Thus exchanging & transporting vaccines, APIs, and various lab samples and others are now common.
Regional Analysis
In terms of region, the global market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia Pacific accounted for a key share of the market in 2021 and is expected to expand rapidly during the forecast period to achieve the highest CAGR. The segment growth is attributed to the rapid expansion of the Food & beverages industry and the rising transportation activities.
Segments
The passive temperature-controlled packaging market has been segmented on the basis of
Product Type
- Insulated Shippers
- Insulated Containers
- Refrigerants
- Others
Application
- Food & Beverage
- Research & Development
- Pharmaceuticals
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sonoco Products Company
- GEBHARDT Logistic Solutions GmBbH
- Cold Chain Technologies
- Inmark packaging LLC
- Exeltainer SL
- Pelican Products
- Deutsche Post AG
- Atlas
- FedEx (Atlas Molded Products) Intelsius Corporation
- Roofing Corporation
Competitive Landscape
Key players in the global passive temperature-controlled packaging market are Sonoco Products Company; GEBHARDT Logistic Solutions GmBbH; Cold Chain Technologies; Inmark packaging LLC; Exeltainer SL; Pelican Products; Deutsche Post AG; Atlas; FedEx (Atlas Molded Products) Intelsius Corporation; Roofing Corporation, CSafe (Softbox Systems); Sofrigam; EcoCool GmbH; DGP Intelsius Ltd.; Va-Q-tec AG; Tempack Packaging Solutions; and Saeplast America's Inc.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In November 2021, Sonoco ThermoSafe signed an agreement with the most trustworthy company Singapore Airlines, for leasing ‘Pegasus ULD’, a Passive temperature-controlled container that is aircraft friendly and can carry the contents in bulk.
- In April 2021, Softbox System Ltd, one of the key players, partnered with Pfizer and supported the COVID-19 vaccines transportation with their temperature-controlled packaging specifically designed to suit the temperature requirements for vaccines. Furthermore, they also launched a cardboard-insulated temperature-controlled container to carry Chilled foods.
- GEBHARDT Logistic Solutions GmbH launched an insulated container which. It is a high-quality material, durable product providing the best logistics solution, namely ‘ISOtech TBX’. As the name suggests, it is an isothermal container and carries fresh or frozen foods.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Passive Temperature-controlled Packaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Passive Temperature-controlled Packaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Passive Temperature-controlled Packaging Market - Supply Chain
4.5. Global Passive Temperature-controlled Packaging Market Forecast
4.5.1. Passive Temperature-controlled Packaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Passive Temperature-controlled Packaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Passive Temperature-controlled Packaging Market Absolute $ Opportunity
5. Global Passive Temperature-controlled Packaging Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
5.3.1. Food & Beverage
5.3.2. Research & Development
5.3.3. Pharmaceuticals
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Passive Temperature-controlled Packaging Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Passive Temperature-controlled Packaging Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
7. North America Passive Temperature-controlled Packaging Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Passive Temperature-controlled Packaging Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
7.4.1. Food & Beverage
7.4.2. Research & Development
7.4.3. Pharmaceuticals
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
8. Latin America Passive Temperature-controlled Packaging Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Passive Temperature-controlled Packaging Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
8.4.1. Food & Beverage
8.4.2. Research & Development
8.4.3. Pharmaceuticals
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
9. Europe Passive Temperature-controlled Packaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Passive Temperature-controlled Packaging Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
9.4.1. Food & Beverage
9.4.2. Research & Development
9.4.3. Pharmaceuticals
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
10. Asia Pacific Passive Temperature-controlled Packaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Passive Temperature-controlled Packaging Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
10.4.1. Food & Beverage
10.4.2. Research & Development
10.4.3. Pharmaceuticals
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
11. Middle East & Africa Passive Temperature-controlled Packaging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Passive Temperature-controlled Packaging Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Passive Temperature-controlled Packaging Market Size and Volume Forecast by Applications
11.4.1. Food & Beverage
11.4.2. Research & Development
11.4.3. Pharmaceuticals
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Passive Temperature-controlled Packaging Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Passive Temperature-controlled Packaging Market: Market Share Analysis
12.2. Passive Temperature-controlled Packaging Distributors and Customers
12.3. Passive Temperature-controlled Packaging Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Sonoco Products Company
12.4.2. GEBHARDT Logistic Solutions GmBbH
12.4.3. Cold Chain Technologies
12.4.4. Inmark packaging LLC
12.4.5. Exeltainer SL
12.4.6. Pelican Products
12.4.7. Deutsche Post AG
12.4.8. Atlas
12.4.9. FedEx (Atlas Molded Products) Intelsius Corporation
12.4.10. Roofing Corporation
Methodology
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