Temperature Controlled Packaging Market Size, Share, and COVID-19 Impact Analysis By Type (Active Packaging, Passive Packaging, and Hybrid Packaging), By Product Type (Insulated Shippers, Insulated Containers, and Others), By End-use (Food & Beverages, Personal Care & Cosmetics, Pharmaceutical, Chemicals, and Others) and Regional Forecast, 2024-2032

Temperature-controlled packaging is specifically designed to control the temperature of the product so that it is safe and is not damaged due to fluctuations in temperature during shipment. The demand for temperature-controlled packaging market is dramatically high in the pharmaceutical and food & beverage industry. Due to the rise in consumption of frozen & ready to eat food, the reason being time constraints, the healthcare sector has contributed massively to the market because of the need to uphold the quality and life of the product during the supply chain process by maintaining the internal temperature.

• For instance, On Dec 22, Sonoco ThermoSafe, the provider of temperature assurance cold chain packaging, expanded their Orion rental program in the United Kingdom to support and grow the need for sustainable packaging for temperature-sensitive medicinal products.

Globally the rise in demand for fresh and frozen food is a key factor augmenting the growth of the temperature-controlled packaging market. Changing lifestyles and time constraints are why people have a high demand for frozen food items. In the growth of the pharmaceutical industry, temperature-control packaging is a very important tool in reducing the quality and lifespan of medicines and other pharma products, driving the overall growth of the temperature-controlled packaging market. The growing popularity of online shopping is anticipated to fuel the demand for temperature-controlled packaging solutions that can safely deliver perishables, such as food items, flowers, etc., across long distances.

Strict government rules associated with the use of specific materials required for the manufacture of temperature-controlled packaging solution is the key factor restricting the growth of the global temperature-controlled packaging market. A lack of knowledge and understanding about the temperature-controlled packaging market is holding back many key industry leaders from investing in the sector, hampering the market growth in the forecast period.

IMPACT OF COVID-19 ON THE GLOBAL TEMPERATURE CONTROLLED PACKAGING MARKET

The outbreak of affected COVID-19 pandemic affected the temperature-controlled packaging market positively, as the demand for this packaging increased rapidly due to the distribution of vaccines worldwide. The leading pharmaceutical companies started developing packaging systems and partnered with other packaging suppliers to fulfill the need and demand for vaccines, test kits, and other critical medicines. Major of these needed temperature-controlled packaging as the shipment was happening all around the globe. COVID-19 has pushed the demand for temperature-controlled packaging. It is expected to augment the growth in the future with new vaccines and clinical trials being developed worldwide.

KEY INSIGHTS

The report will cover the following key insights-

• Recent Advancements in Global Temperature Controlled Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Global Temperature Controlled Packaging Market


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


• Impact of COVID-19 on the Market

ANALYSIS BY TYPE

The market is segmented into active, passive, and hybrid packaging. Passive systems dominate the market as it is a more economical and effective solution for the shipment of pharmaceutical and food products. A passive system uses phase change materials (PCMs), dry ice, and insulation materials, which keep the product at the right temperature. Compared with hybrid and active systems, which are similar, the passive system offers more flexibility since they don't require any power source or electrical circuit. It also has fewer freight costs, fewer shipping restrictions, and lower weight which is why industry leaders prefer it. The passive type segment will likely dominate the market because of its least costly & most utilized solution.

ANALYSIS BY PRODUCT

The market is segmented by insulated shippers, insulated containers, and others. The insulated shipper product segment is leading the market due to its applications in different industries. The insulated shippers are majorly utilized for the shipment of pharmaceutical products. The rise in the demand for the shipment of food items, blood, organs, and vaccines is expected to augment the growth of insulated containers because of the long shipment routes. The overall growth of global temperature controlled packaging is expected because of the rise in demand and use of insulated shippers.

ANALYSIS BY END-USE

The market is segmented by end users such as food & beverages, personal care & cosmetics, pharmaceuticals, chemicals, and others. The pharmaceutical market is leading due to the shipment of vaccines, blood, and trail-related samples. At the same time, the demand for temperature controlled packaging in the food & beverage segment is expected to grow in the forecast period and contribute highly to the growth of the global temperature controlled packaging market.

ANALYSIS BY REGION

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The region's market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading region in the pharmaceutical industry. It is dominating the market with the largest share, high demand for such products, and the established infrastructure for production in this region. Asia Pacific is expected to grow massively with the rise in the retail industry, which has boosted the demand for food packaging, which is anticipated to grow in this region. Developing regions like Latin America and the Middle East are expected to contribute big in the forecast period because of the demand for pharmaceutical products, perishable goods, meat, seafood, and dairy products.

KEY PLAYERS COVERED

The report will include profiles of key players such as Cold chain technologies, Sonoco Thermosafe, Softboxsystems, Sofrigam, Varcode, Snyder Industries, va-Q-tec, Inmark Global Holdings, Tempack, Nordic Cold Chain Solutions, Intelsius, Pelican BioThermal, and others

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• September 2022: Varcode finalized a strategic partnership agreement with the National Packaging Group (NPG) to develop, manufacture, market, and distribute technologically advanced, smart packaging solutions for temperature-sensitive products. Under the agreement, NPG will integrate Varcode's patented Smart Tag™ technology into its manufacturing businesses, creating a single source for digitally enabled packaging solutions to improve cold chain food transportation.


• March 2022: Packaging Technology Group, LLC, one of the suppliers of environmentally friendly, recyclable thermal packaging solutions for the life sciences sector, was acquired by Cold Chain Technologies, LLC, a leading global provider of thermal packaging solutions for the transportation of temperature-sensitive products. The exclusive design and manufacturing techniques deliver time-temperature performance at pharmaceutical-grade levels in a 100% curbside recyclable and environmentally friendly solution.

March 2021: Pelican BioThermal expanded its dry shipper options with new parcel sizes from 1.1 to 179 liters & temperature ranges from -65 to 20 degrees Celsius to support cell and gene therapy shipment worldwide.