SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- The global
temperature controlled packaging solutions market size
is expected to reach USD 16.8
billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 8.3% over the
forecast period. Increasing demand for the frozen and fresh foods
including fruits and vegetables, dairy products, beverages, bakery
and confectionery, meat, and pre-cooked meals is expected to
promote the market growth. Furthermore, increasing application of
temperature controlled packaging for the shipment of drugs,
vaccines, biologics, and biological samples in developed economies,
including U.S. and Germany, is
projected to have a strong impact on the growth.
Key suggestions from the report:
- On the basis of product, insulated shippers are expected to
witness the fastest growth and register a CAGR of 8.7% from 2019 to
2025
- Food and beverage accounted for 49.3% share in the global
temperature controlled packaging solutions market in 2018. The
healthcare application segment is expected to witness the fastest
growth and expand at a CAGR of 8.8% from 2019 to 2025
- North America held the
largest share of more than 40% in terms of revenue in 2018. This is
attributed to highadoption rate of temperature packaging in the
healthcare industry of U.S. and Canada
- Key competitors in this industry include Cold Chain
Technologies, Inc.; Cryopak Industries Inc.; Softbox Systems Ltd.;
DGP Intelsius; AmerisourceBergen Corporation; DHL International
GmbH; Envirotainer AB; Sonoco Products Company; APEX Packaging
Corporation; and Inmark Temperature Controlled Packaging. Product
innovation is expected to remain one of the key strategies adopted
by industry participants over the next few years.
Read 150 page research report with TOC on "Temperature
Controlled Packaging Solutions Market Size, Share & Trends
Analysis Report By Product (Insulated Container, Insulated
Shipper), By Application (Food & Beverage, Healthcare), And
Segment Forecasts, 2019 - 2025" at:
https://www.grandviewresearch.com/industry-analysis/temperature-controlled-packaging-solutions-market
Asia Pacific is expected to
witness significant growth in the upcoming years due to expansion
of the pharmaceutical and food and beverage industries in emerging
economies, including China and
India. Furthermore, increasing
number of organized retail has augmented the demand for food
packaging in the abovementioned countries.
Innovation has been a crucial part of the industry. Over the
past few years, manufacturers have been emphasizing on R&D of
the products. For instance, in 2018, Softbox Systems Ltd introduced
MAX range containers. The Tempcell MAX range containers are for
single-use with improved coolant barrier system. The water-based
model has been replaced by an internal barrier film to enhance
thermal retention. However, Silverpod MAX is a recyclable coolant
system with a solar barrier film. Similarly, in July 2017, Sonoco Products Company launched a new
range of reusable packaging, ChillTech, for the shipment of
pharmaceutical and biological products. It provides temperature
control from 2 to 6 days.
Grand View Research has segmented the global temperature
controlled packaging solutions market on the basis of product,
application, and region:
- Temperature Controlled Packaging Solutions Product Outlook
(Revenue, USD Million, 2015 - 2025)
-
- Insulated Container
- Insulated Shipper
- Temperature Controlled Packaging Solutions Application
Outlook (Revenue, USD Million, 2015 - 2025)
-
- Food & Beverage
- Healthcare
- Others
- Temperature Controlled Packaging Solutions Region Outlook
(Revenue, USD Million, 2015 - 2025)
-
- North America
-
- Europe
-
- Asia Pacific
-
- Central & South
America
-
- MEA
Find more research reports on Consumer Goods Industry, by
Grand View Research:
- Electronic Soap Dispenser Market – The
global electronic soap dispenser market size was estimated at
USD 668.3 million in 2018 and is
anticipated to expand at a CAGR of 6.0% during the forecast period.
Rising demand for automatic faucets and smart bathroom products is
driving the growth
- Biodegradable Cutlery Market – Increasing
awareness regarding harmful effects associated with
non-biodegradable plastic wastes is a key factor likely to drive
the market in the forecast period.
- Dairy Packaging Market – rising importance
of packaging material to avoid contamination and adulteration is
anticipated to promote the product demand.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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