Temperature Controlled Packaging Solutions Market Analysis Report By Product, By Application And Segment Forecasts From 2019 To 2025

Industry Insights

The global temperature-controlled packaging solutions market was sized at USD 9.6 billion in 2018. The increase in the demand for frozen and fresh food items coupled with the increasing need in the pharmaceutical industry is expected to drive the market growth during the forecasted period, 2019 to 2025.

An increase in the working population coupled with the hectic lifestyle of people in the urban areas is expected to boost the need for ready-to-cook and frozen foods. The rising trend for the consumption of frozen foods is anticipated to promote the need for temperature-controlled packaging solutions. Countries like the U.S, Germany, India, and China have a high demand for frozen foods. Also, the rising participation rate of women in the workforce since the last few years is expected to boost the need for packed frozen foods thereby increasing the market growth of such products.

The rise in health consciousness among millennials has boosted the demand for fresh and frozen food across the globe. The demand for fruits and vegetables has increased significantly in countries. Hence, various grocery retailers, supermarkets/ hypermarkets, and convenience stores are increasing their investment for storing such grocery items thereby boosting the market growth for temperature-controlled packaging solutions.

Countries like the U.K., Netherlands, and Belgium import fresh fruits and vegetables to developing countries. Also, the consumption of bananas is largely seen in European countries and the USA. Thus, to cater to the global market, the suppliers of such fruits and vegetables are expected to use temperature-controlled packaging solutions. Thus, the market for such products is expected to boost during the forecasted period.

An increase in the trade of such commodities at the international level with the emergence of the European Union Free trade Agreement (FTA) and North America Free Trade Agreement (NAFTA) has given a boost to the logistics industry. As the packaging solutions are required to transport such products, their demand is expected to surge in the upcoming years.

Also, the cold chain industry is expected to surge at a much faster rate on account of the growth of international trade of perishable products such as fruits and vegetables. Thus, the need for devices like temperature-controlled packaging solutions is expected to surge.

Product Insights

In 2018, the segment of insulated shippers held the largest share of 56.3% in the global temperature-controlled packaging solutions market. As these shippers have a wide range of applications across various industries such as food and beverages, pharmaceuticals, and chemicals, their demand is expected to surge in the upcoming years. Rapid advances in technology such as use of vacuum insulated panels (VIP) and phase change materials (PCMs) has enabled the manufacturers of these products to offer a wide range of temperature with very low distribution cost.

The segment of insulated containers was valued at USD 4.2 Billion in 2018. Such containers are majorly used for the transportation of blood, organs, biological materials, and chemicals. They play a vital role in maintaining the temperature of products inside them thereby facilitating safe transfer through the entire Distribution Channel. 

Application Insights

The segment of food and beverages held the largest share of 49.3% of the overall market in 2018 owing to the increasing demand for fresh fruits and vegetables across the globe. For instance, in the year 2017, Germany imported fresh and frozen foods worth USD 12 billion and in the same year, India exported fruits and vegetables worth USD 1459.9 million.

The major countries importing Indian fruits and vegetables are U.K, Bangladesh, Sri Lanka, Qatar, Netherland, UAE, etc. The U.S import for fresh and frozen fruit and vegetables had crossed USD 17.60 billion in 2015 while that of export was USD 6.3 Billion. Thus, such favorable conditions for import and export are expected to surge the market for packaging solutions in the upcoming years.

The demand for temperature-controlled packaging solutions products in the healthcare industry is anticipated to register the highest CAGR of 8.8% during the forecasted period, 2019 to 2025. Various statutory organizations such as The U.S. Food and Drug Administration (U.S.F.D.A.) have specified the general requirements for packaging solutions to be followed for transportation and storage of drugs. They also need to maintain the hygiene and thermal requirements to carry blood, organs, and drugs.

Regional Insights

In 2018, the region of North America dominated the global temperature-controlled packaging solutions market with a share of more than 40%. The increasing adoption rate for controlled packaging across the healthcare industry of Canada and the U.S. is favorable for market growth. Also, the rise in the requirement of convenience foods owing to an increasing working population is expected to boost the requirement for such packaging solutions.

Rising demand for frozen and fresh food is also acting as a major factor driving the growth of the market. The presence of a greater number of frozen food producers has directly increased the demand for such products. These producers are using such packaging solutions not only to increase the shelf life of food items but also to maintain their nutritional value throughout the Distribution channel.

Temperature Controlled Packaging Solutions Market Share Insights

The key players like DGP Intelsius; Cryopak Industries Inc.; old Chain Technologies, Inc.; DHL International GmbH; APEX Packaging Corporation, and Sonoco Products Company. These manufacturers have started investing more into R&Ds to carry out product developments.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global temperature-controlled packaging solutions market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Insulated container
    • Insulated chipper

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Food & beverage
    • Healthcare
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa