Temperature Controlled Packaging Solutions Market Size | 2031

Report Description

Temperature Controlled Packaging Solutions Market Outlook 2031

The global temperature controlled packaging solutions market size was USD 38.65 Billion in 2022 and is likely to reach USD 66.95 Billion by 2031, expanding at a CAGR of 8.2% during 2023–2031. The market growth is attributed to the high demand for personalized treatments and fresh and frozen foods.

Increasing demand for fresh and frozen food is expected to boost the market during the forecast period. High demand for fresh and frozen foods across the world, which led to companies seeking to track expenses in packaging weight, chiller energy, and vehicle weight to offset this growth in more temperature-dependent shipping.

Sustainability is a significant concern for many suppliers, and they are looking at using bio-based, compostable, or biodegradable packaging solutions alongside phase-change material technology to transport efficiently while saving determined products.

• In August 2023, Ranpak launched the RecyCold climaliner TM solution, a highly efficient sustainable thermal liner that is designed to provision Cold Chain shipping needs across a variety of end markets. It is a paper-based thermal liner that makes sure products stay within their ideal temperature range for up to 48 hours while simultaneously ensuring sustainability and recyclability.

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The market report finds that the COVID-19 pandemic hampered the temperature controlled packaging solutions market, owing to the rising distribution of COVID-19 vaccines worldwide. Several companies developed their packaging system for shipping test kits, vaccines, and other medicines. Vaccine manufacturing companies collaborated with packaging providers to develop customized products for the vaccine's shipment.

Temperature Controlled Packaging Solutions Market Dynamics

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Major Drivers

Increasing demand for biopharmaceuticals is anticipated to fuel the market during the forecast period. Biopharmaceuticals are a class of drugs that are produced using living organisms or other derivatives.

It is essential to maintain the temperature of biopharmaceuticals during storage and transportation. Temperature controlled packaging is designed to maintain the integrity and safety of pharmaceutical products by protecting them from heat, light, and moisture. The packaging systems are typically used to protect medications from temperature excursions during transportation.

Existing Restraints

Strict rules & regulations formulated by government policies hinder the market. The transportation of temperature-sensitive products such as vaccines or medication requires strict adherence to regulations and guidelines to ensure their safety and efficacy.

For instance, the International Air Transport Association (IATA) has formulated temperature control regulations (TCR) which contain all the requirements and information needed to ship compliant temperature-sensitive products. The TCR provides informed carrier and government regulations, packaging requirements, and documentation to reduce losses and improve patient health.

In addition to the TCR, regulatory organizations such as the FDA have set high standards for the shipping and storage of sensitive medicinal products and perishable food items.

Emerging Opportunities

Increasing adoption of digital platforms is expected to create lucrative opportunities for the market players. These digital platforms trace multiple aspects of cold chain payload shipment such as location, temperature, and vibration.

They offer other information such as weather, flight schedules, and ensure fast delivery of payloads. The temperature controlled sensitive packaging providers are focusing on improving their services for several companies by providing more control over the cold chain to minimize the loss of payload.

• In June 2020, Softbox launched Tempcell ECO, a new curbside-recyclable temperature control parcel shipper. It is made from 100% corrugated cardboard and utilizes Softbox Thermaflute patient-pending plastic-free insulation technology.

Scope of Temperature Controlled Packaging Solutions Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Temperature Controlled Packaging Solutions Market Segment Insights

Type Segment Analysis

Based on type, the temperature controlled packaging solutions market is divided into active systems and passive systems. The passive systems segment is expected to expand at a significant pace during the projection period, due to their cost-effectiveness and environment sustainable properties.

Passive temperature controlled packaging systems are used to maintain the temperature of the payload by using insulation materials and thermal media that work together to resist changes in product temperatures.

These systems are more flexible than active and hybrid systems, as they do not have power sources. They are more affordable than active systems in maintaining temperature accuracy over long distances or during extreme weather conditions.

The active systems segment is anticipated to hold a key share of the market in the coming years, owing to its ability to provide accurate temperature with the packaging by relying on mechanical components. The segment growth is further attributed to the increasing transportation of bulk volume shipment of pharmaceutical products.

Active systems are capable of providing heating, and cooling and are available in various sizes ranging from parcel size to full trailer or reefer systems. They are suitable for the shipment of large volumes of payload with substantial transit time such as international shipment. They are expensive and require a power source; however, they provide the highest temperature accuracy compared to passive systems.

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Product Segment Analysis

In terms of product, the global market is segregated into insulated shipper, insulated container, and others. The insulated shipper segment is projected to register a considerable CAGR during the forecast period, as they are lightweight, portable, and suitable for product shipments of smaller quantities. Insulated shippers are mainly used for individual packaging such as foods, pharmaceuticals, and clinical samples.

The insulated container segment is anticipated to account for a major market share in the coming years, owing to the increasing demand for healthcare and food & beverage industries. Insulated containers come with additional features such as double-walled construction, tight seals, and innovative insulated materials that are suitable for exporting bulk products.

Reefers are used for climate-controlled storage and store goods frozen, cold, and at a specific temperature during long-distance shipping. These containers are often used in the retail market.

Usage Segment Analysis

On the basis of usage, the temperature controlled packaging solutions market is segmented into reusable packaging and single-use packaging. The reusable packaging segment is expected to register a robust growth rate during the forecast period.

Reusable packaging in temperature controlled packaging refers to the use of insulated containers that are used multiple times to transport temperature-sensitive products such as food, pharmaceuticals, and chemicals. These containers are designed to maintain a specific temperature range during transportation and are often made of materials such as polyurethane foam, polystyrene foam, and vacuum-insulated panels. Reusable packaging solutions offer several benefits over single-use packaging solutions. They are more environmentally friendly and are more cost-effective in the long run.

• In September 2022, Peli BioThermal Limited launched Credo Go the newest reusable, flexible temperature controlled shipping solution. It is designed to adapt to unique customer programs and to help pharmaceutical companies reach environmental, social, and governance goals, cost-lessening targets, and operational performance indicators.

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Application Segment Analysis

Based on application, the global market is bifurcated into healthcare, food & beverages, and others. The healthcare segment is further divided into clinical trials, pharmaceuticals, pathology, blood, drug testing, and organ transplantation. The food & beverages segment is further bifurcated into chocolates, alcoholic & non-alcoholic beverages, grocery, dairy products, and others.

The food & beverages segment is projected to hold a large market share in the coming years, owing to the increasing demand for fresh and frozen food all over the world. Temperature controlled packaging is essential for the food industry, as it helps to protect perishable food from changing size, shape, and taste during transit.

Perishable foods such as meats, fresh fruits & vegetables, seafood, dairy products, and bakery goods. Frozen foods require packaging solutions, which maintain low temperatures to prevent melting and preserve product quality. This, in turn, is likely to increase the demand for the segment in the market.

The healthcare segment is anticipated to hold a key share of the market in the coming years, owing to the increasing demand for healthcare products such as specialty drugs and biologics. Temperature controlled packaging acts as a protective shield for healthcare products during transit.

It contains special materials and insulation systems that help sustain a constant temperature range, protecting medications from extreme heat or cold. The segment growth is further attributed to the strict regulatory compliance and government initiatives for temperature controlled packaging in the healthcare sector.

Regional Analysis

In terms of region, the global temperature controlled packaging solutions market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to the increasing demand for temperature controlled packaging solutions in the food & beverage and healthcare industries.

The regional market growth is further attributed to the rising demand for the food industry, particularly in the distribution of frozen foods and meal kit services.

• In August 2023, Nordic Cold Chain Solutions announced the expansion of its testing and lab capabilities with the addition of testing chamber. This equipment further strengthens Nordic Cold Chain Solutions' commitment to delivering top-quality products and ensuring the utmost reliability and performance of its customers.

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the rising cross-border trade of temperature-sensitive agriculture products. Countries such as China are rapidly increasing demand for frozen products and well-established infrastructure in large urban populations.

The regional market growth is further attributed to the rising focus on biopharmaceuticals such as gene therapies and vaccines, which require constant temperature control to preserve their delicate molecular structure and potency.

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