Many products manufactured by the food & beverage, chemical, biomedical, and healthcare industries are temperature sensitive. Any fluctuation in temperature can degrade the quality of the product. Temperature-controlled products consist of an outer protective layer, an inner insulation layer and refrigerants that surround the actual product. This addresses the problem of preservation and helps in maintaining the quality.
Temperature Controlled Packaging Market Estimation:
The global temperature-controlled packaging market reached a valuation of approximately USD 10.0 billion in 2019. It is estimated to register a compound annual growth rate of over 9% from 2020 to 2026. At this rate, the market’s expected valuation would be around USD 20.0 billion by the end of 2026.
Recent Developments in Temperature Controlled Packaging Industry:
• In February 2020, NanoCool was acquired by Pelican BioThermal that is a leading manufacturer of thermal insulation solutions. This acquisition is expected to help Pelican expand its market presence.
• UK-based Softbox launched Tempcell Eco temperature control parcel container. This container amalgamates sustainability and an environment-friendly design without compromising performance.
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Company Profiles and Competitive Intelligence
The key players operating in the temperature-controlled packaging market are:
• Pelican Biothermal LLC
• Sofrigam
• Deutsche Post AG
• United Parcel Service
• Amerisourcebergen Corporation
• Va-Q-Tec AG
• DS Smith
• DGP Intelsius Ltd.
• Inmark Temperature Controlled Packaging
• APEX Packaging Corporation
• Blue Dart Express
• Kryotec
• Cryopak Industries Inc.
• Envirotainer AB
• Cold Chain Technologies Inc.
• Sonoco Products Company
• Softbox Systems Limited
• FedEx
The research report analyses the ecosystem of temperature-controlled packaging market and categorizes it to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.
Temperature Controlled Packaging Market Segmentation: Summary
By Product Type
• Insulated Containers
• Insulated Shippers
• Others
By Application
• Food & Beverage
• Healthcare
• Others
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