Temperature Controlled Packages Market: Opportunities and Forecast Assessment, size 2028
A recent market intelligence report that is published by Data Insights Partner on the global Temperature Controlled Packages Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Temperature Controlled Packages Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Temperature Controlled Packages Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Temperature Controlled Packages Market is offered. In accordance with the report, the global Temperature Controlled Packages Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
A robust semi-built liner that provides better insulation and premium physical protection in case of impact or crushing is called temperature-controlled packaging. In case of such packages, the need for production moulds does not arises. This implies that these packages can be made of any size depending on order implying these packages are customizable. These kinds of packages are useful for flat storage and can be assembled in case its necessary.
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Market Drivers
The growth of the food and beverage sector is driving the demand for temperature controlled packages. The soaring purchasing power, transitioning lifestyle of the population and the tight day-to-day schedule of the people is leading to their increased dependence on the frozen and ready-to-eat foods which is indirectly providing impetus to this market. Further, the rising female participation in workforce is increasing the consumption of processed foods and charging up the temperature controlled packages market. Health-conscious population is increasingly preferring the consumption of fresh food and vegetables in the form of salad. Temperature controlled packages does its best in the keeping the content fresh and balancing nutritional value.
Temperature controlled packaging solutions plays a pivotal role in the preserving product quality on all accounts of the supply chain for the stabilization of the internal temperature. Temperature controlled packaging solutions are employed in the inactive ingredients of the pharmaceutical industry for balanced temperature, clinical trials, biological products and samples, vaccines and medical products having a time limit. These factors are fueling the demand for this product.
The rising volumes of international trade and liberalization of trade among different nations are boosting shipments of products and further propelling the growth of this market. As a consequence of this, the packaging industry apart from the transportation industry is growing. This turn is bolstering the growth of the temperature controlled packaging market.
Market Restraints
Implementation of the hard and fast directives of the government legislative bodies is impeding the growth of this market.
Huge capital investment is required for the development of this industry and further high operational and maintenance cost is hindering the growth prospects of this market.
The lower levels of occurrence of these industries especially in the rural and remote areas is disrupting the growth of this market.
The Covid-19 pandemic has significantly injured this market. Global lockdown has halted the operations in this market in addition to the stop of operations in the end use sectors. This negatively affected the growth prospects of this market.
Opportunities
As a result of widening international trade of perishable goods, the demand for cold chain packaging industry is on a rise which is expected to provide lucrative opportunities to this market.
In spite of the adverse impact of Covid-19 epidemic on this market, the combined effort of the government and the leading players of this industry is likely to boost up this market in the near future.
The rising number of people suffering from chronic and rare diseases is charging the development of high valued medications. These drugs have a shorter life span and proper temperature-based storage procedures has to be strictly followed. This is widening the application of ultra-low temperature range packaging solutions.
Trends
At present North America dominates the market for temperature controlled packaging and is expected to continue its domination in the forecast period. The reason behind such domination is the growing adoption of these packages in the medical and healthcare sector and the rising dependence of the population on the food and beverage sector. The presence of a large number of manufacturers of frozen foods and the increasing consumption of fresh fruits and vegetables by the consumer are other factors behind such progress. The Europe region and the Asia Pacific region is also projected to witness significant growth owing to the presence of development of cold chain industries.
Segment Covered:
This market intelligence report on the global Temperature Controlled Packages Market encompasses market segments based on product, type, material type, end use and country.
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By Product the global Temperature Controlled Packages Market has been divided into:
q Insulated Snipers
o PUR Containers
o Fiberboard
o EPS Foam Containers
o Panels and Envelopes
q Insulated Protective Shippers
q Insulated Containers
o Upright Style
o Chest Style
q Others
By Type the global Temperature Controlled Packages Market has been divided into:
q Passive Systems
q Active Systems
By Application the global Temperature Controlled Packaging Market has been divided into:
q Ambient
q Chilled
q Frozen
By End Use the global Temperature Controlled Packages Market has been divided into:
q Pharmaceutical and healthcare sectors
q Food and Beverages
q Others
By country/region, the global Temperature Controlled Packages Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Pelican BioThermal
q Softbox Systems Ltd
q APEX Packaging Corporation
q Sonoco Products Company
q Cold Chain Technologies, Inc
q Intelsius Envirotainer
q Ds Smith
q Inmark Temperature Controlled Packaging
q Sofrigam
q United Parcel Services
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Temperature Controlled Packages Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Pelican BioThermal
In February 2020, NanoCool was acquired by Pelican BioThermal. This acquisition is expected to help the company in setting a stable footprint in the global and regional market.
Softbox Systems Ltd
In July 2020, Tempcell ECO was launched by Softbox, A leader in the market of temperature control packaging for cold chain industries, and pharmaceutical industry.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Temperature Controlled Packages Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Temperature Controlled Packages Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Temperature Controlled Packages caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Temperature Controlled Packages Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Temperature Controlled Packages Market
v Identification of key factors driving investment opportunities in the Temperature Controlled Packages Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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