DUBLIN--(BUSINESS WIRE)--The "Temperature Controlled Packaging Solutions Market, by Product, by Application, by End-use, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
Temperature controlled packaging solutions are predominantly used in the healthcare, food & beverages, and chemical industries for transportation and storage of temperature sensitive products at controlled temperature environment.
Temperature-controlled packaging is required for shipping a wide range of goods, from perishable foods to pharmaceuticals, and it's especially important in situations where temperature-controlled warehousing and shipping aren't possible. Creating effective temperature controlled packaging, on the other hand, can be difficult to master, especially for small businesses.
Market Dynamics
The increasing government expenditure in the healthcare sector to improve medical facilities is expected to drive growth of the pharmaceutical industry in the near future. Due to the growing pharmaceutical industry, the global temperature controlled packaging solutions market is expected to grow due to increased use of temperature control packaging solutions in the transportation of medicines, clinical trial distribution products, donor organs, and blood transfers.
According to the World Health Organization, global healthcare spending was US$ 7.8 trillion in 2017 and US$ 1,080 per capita - up from US$ 7.6 trillion in 2016. This is expected to drive the growth of the global temperature controlled packaging solutions market. Furthermore, medical institutions across the globe are focused on developing COVID-19 vaccines, for which researchers need to transport clinical study materials and samples across the globe.
According to the developers, mega-trials for vaccines can be carried out at hotspots such as India and Latin America. For international clinical trials, the vaccines are required to be stored for several weeks, while clearing customs. To ensure that vaccines remain effective, vaccine developers are also focusing on ensuring availability of freezer farms where they can maintain the right temperatures to meet the vaccine's requirements.
According to the publisher, International trade catering to perishable food products has significantly increased. This can be prominently attributed to rising efficiency of reefer containers leading to an increase in sea freight in turn reducing costs. However, once the products arrive at the coastline, a prominent share of further distribution takes place through chest and upright insulated containers. Yogurt and cheese consumption has almost tripled over the last decade and owing to new product innovation coupled with entry of major food brands, the market seems lucrative over the next decade too. Most of these products are packaged in insulated containers for inter and intra city transportations.
Key features of the study:
- This report provides an in-depth analysis of the global temperature controlled packaging solutions market, its market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
- It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global temperature controlled packaging solutions market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global temperature controlled packaging solutions market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global temperature controlled packaging solutions market
Detailed Segmentation:
Global Temperature Controlled Packaging Solutions Market, By Product:
- Insulated Shippers
- Insulated Containers
- Others
Global Temperature Controlled Packaging Solutions Market, By Application:
- Frozen
- Chilled
- Ambient
Global Temperature Controlled Packaging Solutions Market, By End-use:
- Healthcare
- Food & Beverages
- Others
Global Temperature Controlled Packaging Solutions Market, By Region:
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
Company Profiles
- Envirotainer AB
- Intelsius
- Pelican Biothermal LLC
- Sofrigam
- Softbox Systems Limited
- Tempack Packaging Solutions, S.L.
- Entropy Solutions
- Honeywell International Inc.
- Outlast Technologies LLC
- Pluss Advanced Technologies Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/sy51s7
