Passive Temperature Controlled Packaging Market Size, Share, and Industry Analysis By Material (Plastic {Polystyrene, Polyurethane, Others}, Paper & Paperboard, and Others), By Product Type (Insulated Shipper, Insulated Containers, and Others), By End Use (Food & Beverages, Pharmaceuticals, and Others), and Regional Forecast, 2024-2032

Passive temperature controlled packaging is essential in providing overall protection to the products stored inside and allows for minimal temperature volatility, further ensuring that the substances remain viable for usage. Additionally, such temperature controlled packaging products provide potential benefits for pharmaceutical, food, beverages, and agricultural products. These benefits include decreased loss accounting for damaged products and the maintenance of product quality. Such factors propel the global market growth.

• For instance, in September 2022, Peli BioThermal announced the launch of the reusable cold chain shipping solution. Crēdo Go is developed to adapt to customer programs and help pharmaceutical companies reach social, environmental & governance goals, cost reduction targets, and operational performance indicators.

The rapidly increasing demand for passive temperature controlled packaging products from the wholesalers and supermarkets contributes to the market growth. The expansion of the cold chain industry and the pharmaceutical sector's huge demand for insulated containers and shippers also drive the market growth.

Despite the potential benefits of passive temperature controlled packaging, some factors limit the market growth. There is a continuous need to condition the refrigerant to particular requirements and the shipping configurations associated with this packaging are very complex. Moreover, there is a primary constraint of time, owing to which the passive systems will always fail to maintain temperature if they fail to arrive at the final destination within the compulsory packaging specification. Such factors hinder the market growth.

The COVID 19 pandemic had a major impact on several end use sectors worldwide. The pharmaceutical, healthcare, and food & beverage industries experienced positive growth during the pandemic. Such rapid growth in these industries generated a huge demand for cold chain packaging products for storing and transporting food products, vaccines, and beverages, further contributing to the market growth.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Passive Temperature Controlled Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Passive Temperature Controlled Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID 19 on the Market

SEGMENTATION

ANALYSIS BY MATERIAL

Based on material, the market is segmented into plastic, paper & paperboard, and others. The paper & paperboard segment dominates the global passive temperature controlled packaging market. Corrugated boxes manufactured with paper & paperboard are mainly used to manufacture passive temperature controlled packaging. The material offers excellent thermal protection to uphold its temperature within acceptable parameters, leading to the segment growth.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into insulated shippers, insulated containers, and others. Insulated shippers are the leading product type segment. The advancements of vacuum insulated panel shippers and the rising demand for the pharmaceutical sector contribute to the segmental growth.

ANALYSIS BY END USE

Based on end use, the market is segmented into food & beverages, pharmaceuticals, and others. The food & beverages segment leads the market and is estimated to grow significantly over the forecast period. Passive temperature controlled packaging is essential in preserving the freshness and quality of food and the elimination of food waste. The food products carried in this type of packaging exhibit a higher chance of being consumed before they spoil, minimizing the amount of food thrown away.

REGIONAL ANALYSIS

The passive temperature controlled packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the dominating region of the global passive temperature controlled packaging market. The rising demand for necessary medications, vaccines and temperature sensitive goods, and effective packaging solutions that can protect the quality of the drugs majorly drive the market growth in North America.

Asia Pacific is the second dominating region and is set to grow massively over the forecast period. The continuous advancements in temperature controlled packaging technology, the presence of some of the top pharmaceutical companies, and rising research & development activities in the region foster market growth.

The Europe market will experience steady growth due to the soaring demand for fast food products and the rising consumer preference for packaged food & beverage products. The Latin America market will witness moderate growth due to the rising applications of passive shipping solutions for various food & beverage products. The Middle East & Africa market is expected to grow steadily over the upcoming years.

KEY PLAYERS COVERED

The report includes the profiles of key players such as GEBHARDT Logistic Solutions GmbH, Sonoco Thermosafe, Insulated Products Corporation, Cold Chain Technologies, va Q tec AG, CSafe Global, LLC, Cryopak Industries Inc., Peli BioThermal Limited, DGP Intelsius Ltd., and Sofrigam SA Ltd.

KEY INDUSTRY DEVELOPMENTS

• In August 2023, Ranpak Holdings Corp. introduced the RecyCold climaliner solution. It is a highly capable, sustainable thermal liner developed to support Cold Chain shipping demands across a broad end use sector.


• In December 2021, the leader in temperature controlled container solutions for the pharmaceutical industry, CSafe Global, announced the acquisition of Softbox Systems. The company provided passive temperature controlled packaging solutions for the life science, pharmaceutical, and cold chain logistics industries.


• In November 2020, Sonoco ThermoSafe announced the launch of a new line of fully curbside and recyclable temperature controlled packaging specifically for life science and perishable clients in the U.S.