Temperature Controlled Packaging Solutions Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[205+ Pages Report] According to Facts and Factors, the global temperature controlled packaging solutions market size was valued at  USD 34.76 billion in 2022 and is predicted to surpass  USD 73.61 billion by the end of 2030. The temperature-controlled packaging industry is expected to grow by a CAGR of 9.81%.

Market Overview

Temperature control packaging solution refers to the specialized packaging systems made to maintain particular temperatures for sensitive items during the storage and transportation process. These solutions are important for end-user sectors like healthcare, food & beverage biotechnology, pharmaceuticals, and others where products require a specific temperature and are sensitive to variations.

Key Insights

• As per the analysis shared by our research analyst, the global temperature controlled packaging solutions market size is estimated to grow annually at a CAGR of around 9.81% over the forecast period (2023-2030).
• In terms of revenue, the global temperature controlled packaging solutions market size was valued at around USD 34.76 billion in 2022 and is projected to reach USD 73.61 billion by 2030.
• Rise in e-commerce is driving the growth of the global temperature controlled packaging solutions market.
• Based on the end-users, the pharmaceutical segment is growing at a high rate and is projected to dominate the global market.
• Based on the application, the chilled application segment is projected to swipe the largest market share.
• Based on the product type, the insulated shipper segment is expected to swipe the largest share of the market.
• Based on the system type, the passive system type segment accounts for the largest share of the global market.
• Based on region, North America is expected to dominate the global market during the forecast period.           

Growth Drivers

• Rise in e-commerce is driving the growth of the global market.

The surge in the trend of e-commerce and online shopping is driving the demand in the pharmaceutical and food sectors. It has significantly propelled the need for temperature control packaging solutions to deliver temperature-sensitive items safely and freshly to consumers. Also, the fast expansion of the healthcare and pharmaceutical sector is expected to propel the growth of the global temperature controlled packaging solutions market in the forthcoming years.

Furthermore, the advancements in biotechnology will positively impact the growth trajectory of the market. The increasing demand for biologically delivered products also contributes to the high demand for temperature control packaging solutions.

These packaging solutions are widely used in the shipment, storage, and transportation processes, even for research and clinical trials. For instance, Sonoco Products Company successfully took over Thermoform Engineered Quality in January 2020. The company is dealing in the thermoformed packaging industry.

Restraints

• High initial costs are likely to hamper the growth of the global market.

Temperature control packaging solutions require huge initial capital. Furthermore, incorporating advanced technology is shooting up the implementation charges of these unique packaging solutions. Also, the active temperature control packaging solution widely utilizes external power sources, which further causes additional operational costs associated with energy consumption and maintenance.

Such a landscape is likely to deter price-sensitive customers and thereby slow down the growth trajectory of the temperature controlled packaging solutions industry.

Opportunities

• Rise in clinical trials and personalized medication is anticipated to foster growth opportunities in the global market.

The growing clinical trials in the pharmaceutical and biotechnology industries are boosting the requirement for temperature control packaging solutions. These solutions are highly useful in the transportation and storage of temperature-sensitive materials. Moreover, people are looking forward to personalized medicine, which requires the transport of customized medication and therapies.

Therefore, these developments are likely to expand the scope of the global temperature controlled packaging solutions market in the forthcoming years. For instance, Pelican BioThermal LLC, in February 2020, came up with a new product named Golden One Hour. It is a major product for the military industry.

Challenges

• Limited compatibility is a big challenge in the global market.

Certain temperature control packaging solutions are not ideal for products with unique requirements. Therefore, the surging need for customization is a big challenge in the temperature controlled packaging solutions industry. Companies are coming up with advanced solutions to overcome these challenges, but the need for more applicability of standardized packaging solutions is expected to hamper the growth trajectory of the industry.

Segmentation Analysis

The global temperature controlled packaging solutions market can be segmented into end user, application, product type, system type, and region.

By end-user, the market can be segmented into food & beverage, healthcare, pharmaceutical,  and others. The pharmaceutical segment is anticipated to witness huge developments in the global temperature controlled packaging solutions market during the predicted period.

The pharmaceutical sector is likely to see a significant shift towards biopharmaceuticals, which require a strict temperature for the stability of its essentials. The essentials include gene therapies, vaccines, and other biologically extracted drugs. The surge in specialty and high-value pharmaceuticals is another major reason contributing heavily towards the growth of the segment.

By application, the market can be segmented into ambient, chilled, and frozen. The chilled application segment is expected to swipe the largest share of the temperature controlled packaging solutions industry. The growing demand for products like perishable food and beverages, along with some pharmaceuticals, is driving the growth of the segment.

Nowadays, consumers are looking forward to high-quality and fresh products, which further need effective temperature control packaging. The fast-growing food and beverage industry is widening the scope of the segment in the forthcoming years. Freshly produced meat and dairy items rely heavily on temperature-controlled packaging, which further expands the growth opportunities in the industry in the chilled application segment.

By product type, the market can be segmented into upright style, chest style, insulated containers, VIP shipper, PUR shipper, EPS shipper, panels & envelopes, insulated shipper, and others. The insulated shipper segment is likely to dominate the global temperature controlled packaging solutions market during the anticipated period. Insulated shippers are versatile and are well-fitted for a wide range of temperature-sensitive products. It can be used for storing perishable goods, biotechnology products, and pharmaceutical drugs.

However, its adaptability for a broad range of options makes it a preferred choice in various end-user sectors. The insulated shipper segment is expected to reap advantages from the growing demand for cold chain logistics all across the globe. These shippers maintain the freshness and quality of the perishable items during transportation, and therefore, it is gaining immense traction.

By system type, the market can be segmented into passive and active. The passive system type is the fastest-growing segment in the temperature controlled packaging solutions industry during the forecast period. Passive temperature control packaging systems are more cost-effective than other available options.

Also, the lower operational and additional initial cost of a passive system makes them an ideal choice for certain applications. Also, these systems are designed to maintain specific temperatures without the requirement for any external power. This versatility makes them suitable for a large number of products like biotechnology products, pharmaceuticals, and perishable goods.

Report Scope

Regional Analysis

• North America to dominate the global market during the projected timeframe.

North America accounts for the largest share of the global temperature controlled packaging solutions market due to the surging trends and dynamic factors in the region. The market in the area has evolved a lot in the region. The pharmaceutical and healthcare industries in the region are the primary contributors to the high growth rate of the industry.

The region is a hub for several pharmaceutical companies. Therefore, the requirement for temperature-sensitive medication and vaccines is important as a part of supply chain logistics in the region. Moreover, the surge in the e-commerce and online grocery shopping trend is boosting the demand for temperature control packaging solutions.

Consumers in the area are ordering different temperature-sensitive products, which the companies promise to deliver at the same quality. Therefore, such a landscape is likely to accentuate the growth trajectory of the regional market.

Asia Pacific is also likely to see a steady growth rate in the forthcoming years. The fast-growing biotechnology and pharmaceutical sectors are propelling the demand for temperature control packaging solutions in the market. The major reason behind the high demand for such packaging solutions is the increase in the transportation of biopharmaceutical vaccines and other temperature-controlled medication items in the region.

The strict regulatory regulations regarding healthcare and pharmaceutical items in countries like Japan, China, and India further contribute to the development of advanced temperature control packaging solutions. It majorly helps companies to align with the strict regulatory landscape in the regional market. For instance, Cold Chain Technologies said to expand its product portfolio on January 31, 2023, by launching CCT Therashield. It is a reusable temperature-sensitive thermal packaging.

Competitive Analysis

The key leaders in the global temperature controlled packaging solutions market include:

• NanoCool
• DGP Intelsius Ltd.
• Softbox Systems Ltd.
• American Aerogel Corporation
• Exeltainer SL
• EcoCool GmbH
• Tempack Packaging Solutions S.L.
• Inmark LLC
• Saeplast Americas Inc.
• va-Q-tec AG
• Sofrigam SA Ltd.
• Cryopak Industries Inc.
• Cold Chain Technologies
• TKT GmbH
• ACH Foam Technologies LLC
• GEBHARDT Logistic Solutions GmbH
• Snyder Industries Inc.
• Pelican BioThermal LLC
• Sonoco Products Company

For instance, GEBHARDT Logistic Solutions GmbH came up with ISOtec, a new type of insulated container, in August 2020.

The global temperature controlled packaging solutions market is segmented as follows:

By End User Segment Analysis

• Food & Beverage
• Healthcare
• Pharmaceutical
• Others

By Application Segment Analysis

• Ambient
• Chilled
• Frozen

By Product Type Segment Analysis

• Upright Style
• Chest Style
• Insulated Containers
• VIP Shipper
• PUR Shipper
• EPS Shipper
• Panels & Envelopes
• Insulated Shipper
• Others

By System Type Segment Analysis

• Passive
• Active

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America