The Temperature Controlled Packaging Solutions Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of ****** market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
The ****** temperature controlled packaging solutions market size is anticipated to reach USD 16.8 Billion by the year 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 8.3% over the forecasted period. Rising demand for fresh and frozen fruits, vegetables, meat, dairy products, beverages, and pre-cooked meals is expected to boost market growth. Also, the increasing requirement for temperature-controlled packaging to shipping vaccines, drugs, and biological samples in the developed countries of North America and Europe such as the U.S. and Germany are expected to increase the demand for such products in the upcoming years.
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The region of Asia Pacific is anticipated to witness a significant growth rate for these products owing to the rise in the pharmaceutical and food and beverage industry. Further, the rising population in developing countries like China, India, and Japan is expected to surge the need for such products in the future. Moreover, a rise in the number of organized retails in these countries is expected to boost demand.
Rapid advance and technical innovations are crucial factors for the growth of this industry. The majority of the key manufacturers are investing more in R&Ds to develop more effective products. For example, in 2018, Softbox Systems Ltd. launched the MAX range of containers that are manufactured for single use with the latest coolant barrier system. The conventional water-based model is getting replaced by an internal barrier system. Similarly, to cater to the industry of biological and pharmaceutical products, the Sonoco Products Company invented ChillTech, a wide range of reusable packaging. This type of Temperature controlled packaging solution helps to maintain temperature over a period of 2 to 6 days.
The region of North America is anticipated to hold the largest share in the temperature controlled packaging solution market owing to the increasing demand for frozen or packaged foods among the working-class population. Also, the rise of the pharmaceutical industry in this region is expected to boost the sales of such products. Thus, the market for temperature-controlled packaging solutions is expected to grow at a significant growth rate during the forecasted period.
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
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Further key findings from the report suggest:
- The product segment of insulated shippers is anticipated to register highest CAGR of 8.7% during the forecasted period, 2019 to 2025.
- The application segment for food and beverages is held the largest share of 49.3% in the ****** market. Also, the segment of healthcare is expected to register highest CAGR of 8.8% from 2019 to 2025.
- According to the regional segmentation, North America occupied largest share of around 40% across the ****** market.
- The key manufacturers such as Cryopak Industries Inc.; Cold Chain Technologies, Inc.; Softbox Systems Ltd. and APEX Packaging Corporation are investing more into R&Ds to focus more on technical advances and product developments.
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