Temperature Controlled Packaging Market 2027: Business Opportunities, Industry Analysis and Forecast

North America and the European region market are fragmented owing to the presence of the multiple numbers of market players operating in the temperature-controlled packaging solutions space. However, the temperature controlled packaging market does constitute a selected number of market players who have established themselves as prominent market players through extensive geographical presence as well as significant customer base through their business offerings.

Surge in demand form healthcare and pharmacueitcal industry to drive the temperature controlled packaging market in the coming years.

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In the North America region, the U.S. is witnessing a rapid rise due to wide demand for shipments of perishable goods, and pharmaceutical and healthcare products in bulk. Furthermore, companies in the region are highly focused on product and service launch strategies to survive in the global market. For instance, In Sept 2018, Softbox Systems Ltd., US-based temperature controlled packaging provider has launched a green recycling service for its life science customers in the U.S. and Canada. The company provides packaging solutions that lessen waste and its impact on the environment. With the help of this service company’s U.S. and Canada, customers can potentially reduce the cost of non-sustainable waste.

The prominent market players operating in the North American and European market are ACH Foam Technologies LLC, Cold Chain Technologies, Inc., Pelican BioThermal LLC, Sofrigram SA, Sonoco Products Company, Tempack Packaging Solutions, S.L., Exeltainer, Cryopak A TCP Company, Softbox Systems Ltd., Sorbafreeze Ltd, and Eutecma GmbH.

The healthcare end-use industry segment is anticipated to grow at a substantial rate during the forecast period. Owing to the growing usage of temperature controlled packaging systems to ship specialty drugs and vaccines. The active type segment is anticipated to grow at a higher CAGR due to the rising adoption of cost-effective active packaging systems by the healthcare industry. Temperature control during shipment is critical to avoid any damage to the healthcare materials. Several companies operating in the global market provides temperature controlled boxes and cooling packs to maintain the temperature required from pickup to delivery for the healthcare industry.

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Packaging type of temperature controlled packaging includes active and passive types which are used in the various sectors such as pharmaceutical, healthcare, and other markets. Active packaging includes pallet shippers and refrigerated boxes, which function through a power source such as lithium battery. Passive packaging depends on insulated packaging together with a refrigerant, such as dry or wet ice, phase change materials, and others. Demand for active packaging is increasingly propelled by the food processing companies to keep food fresh for a longer period and to lessen food waste and stimulate more convenient packaging for the consumers. The passive packaging type market is also observing swift innovation in advanced temperature monitoring tools with a growing ability to monitor the temperature in real-time through the transit period.

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