Temperature Controlled Packaging Solutions Market accounted for USD 7.6 billion in 2016 and is projected to grow at a CAGR of 9.5% during the forecast period of 2017 to 2024.
Also the Global Temperature Controlled Packaging Solutions Market By Type (Active, Passive); By Products (Insulated Shippers, Insulated Containers, Refrigerants) By Application (Food & Beverages, Healthcare, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
Temperature controlled packaging to ship goods, such as frozen food, dairy products and other health care products. The latest trend in this market is high demand of temperature controlled packaging pharmaceutical and food and beverage industry.
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Major Market Drivers:
- Growth in the pharmaceutical industry
- Emergence of new technology
- Growth in food & beverage sector
- Stringent rules & regulations
- High investment and maintenance cost
Market Segmentation: Global Temperature Controlled Packaging Solutions Market
The temperature controlled packaging solutions market is segmented on the basis of type into active and passive.
On the basis of products, the market is segmented into insulated shippers, insulated containers and refrigerants.
On the basis of application, the market is segmented into food & beverages, healthcare and others.
On the basis of geography, the temperature controlled packaging solutions market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
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Competitive Landscape: Global Temperature Controlled Packaging Solutions Market
The global temperature controlled packaging solutions market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Temperature Controlled Packaging Solutions Market
Some of the major players in temperature controlled packaging solutions market include Pelican Biothermal LLC, Sonoco Products Company, Fedex Corporation, Amerisourcebergen Corporation, United Parcel Service, Inc., Deutsche Post AG (DHL), Va-Q-Tec AG, Sofrigam, Cold Chain Technologies, Inc., Tempack Packaging Solutions, S.L., Intelsius, Softbox Systems Limited, Inmark Inc., Envirotainer AB and many more.
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