Industry Background:
Temperature-controlled packaging is precisely designed to preserve proper temperature of sensitive products. This packaging type acts as a shield to guard products from damage or blemish. Various companies use temperature-controlled packaging to prevent healthcare products, food products, dairy products, & other heat-sensitive products in extreme weather conditions. The key end-use industries of the temperature controlled packaging solutions market includes food & beverages, healthcare, as well as others, which contains biomedical and chemical industries.
According to AMA Research, the market for Temperature Controlled Packaging Solutions is expected to register a CAGR of 9.8% during the forecast period to 2028. This growth is primarily driven by Growing Pharmaceutical Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Dominating Type | Insulated Shippers |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Paper Packaging sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Deutsche Post AG (DHL) (Germany), FedEx Corp. (United States), Sonoco Products Company (United States), AmerisourceBergen Corp. (United States), Pelican Biothermal (United States), Cold Chain Technologies, Inc. (United States), Softbox Systems Ltd. (United Kingdom), va-Q-tec AG (Germany), SÆPLAST ASIA (China) and Sofrigam SA Ltd. (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, Cold Chain Technologies, LLC, a prominent global provider of thermal packaging solutions for transporting temperature-sensitive products in the life sciences industry, and a portfolio company of Aurora Capital Partners, acquired Packaging Technology Group, LLC (PTG). PTG is a renowned provider of sustainable thermal packaging solutions for the life sciences industry, with a focus on curbside-recyclable options. The acquisition of PTG furthers CCT's commitment to environmentally friendly and sustainable packaging solutions., and In November 2022, SEE acquired Liquibox, a renowned pioneer and manufacturer of sustainable Bag-in-Box packaging and dispensing solutions for a wide range of industries including fresh food, beverages, consumer goods, and industrial applications. Liquibox is recognized for its innovative approach to fluid and liquid packaging. This acquisition is highly complementary to Cryovac Fluids & Liquids business, the fastest growing area for SEE
Market Growth Drivers:
Growing Pharmaceutical Industry, Growth in Food & Beverage Sector and Emergence of New Technology
Challenges:
Increasing Raw Material Costs
Restraints:
High Investment & Maintenance Costs and Strict Rules & Regulations Formulated By Government Agencies
Opportunities:
High Prospective Growth Markets for Insulated Packaging and Growing Healthcare Sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Temperature Controlled Packaging Solutions Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Temperature Controlled Packaging Solutions Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Temperature Controlled Packaging Solutions players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Temperature Controlled Packaging Solutions Study Sheds Light on
The Temperature Controlled Packaging Solutions Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Temperature Controlled Packaging Solutions industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Temperature Controlled Packaging Solutions industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.