Temperature-controlled packaging solutions are intended to maintain the proper temperature of the heat-sensitive products as it is an act as a protective cover to protect the products from damages and spoilage. Temperature-controlled packaging solutions are mainly used across healthcare, food & beverages and chemical industries for transporting and storing of temperature-sensitive products at maintained a temperature environment. It is has been successfully adopted across the healthcare industry due to strict regulation regarding product distribution practices and in food &beverage industry. It is used to package the perishable products especially meat, dairy products, fish, and specialized foods in order to maintain the quality of the product. Furthermore, it is also used to transport specialty chemicals that are unstable and hazardous in nature.
The global temperature controlled packaging market is projected to reach around US$ 17.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 9.1% during the forecast period (2019-2027).
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The global temperature controlled packaging market has witnessed significant growth in recent past years, owing to the demand for temperature controlled packaging from food & beverages industry. Based on end-use, the global temperature controlled packaging market is bifurcated into the healthcare, food & beverage, and others. Among these segments, the food and beverage segment dominated the global temperature controlled packaging market in 2018, owing to the increasing demand for fresh and frozen food products among the consumer across the world. This factor is estimated to drive growth of the global temperature controlled packaging market during the forecast period.
Global Temperature Controlled Packaging Market, By Product:
Panels and Envelopes
Expanded Polystyrene Shippers
Insulated Polyurethane Shippers
Vacuum Insulated Panel Shippers
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Key players operating in global temperature controlled packaging solutions are Sonoco Products Company, Cold Chain Technologies, Pelican Biothermal, Snyder Industries Inc., Saeplast, Cropak, Sofrigram SA Ltd., Inmark Packaging, VA-Q-tec AG, ACH Foam Technologies, LLC, Tempack, FedEx Corporation, and DHL International GmbH
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