Temperature Controlled Packaging Solutions Market Size, Share, Forecasts Analysis, Company Growth, Company Profiles and Key Regions 2021 – 2028
Temperature-controlled packaging solutions are innovative packaging solutions that are designed to regulate and control the temperature of heat-sensitive products like vaccines and fresh fruits, among others. They serve as a cover to keep things safe from harm and deterioration. Temperature-controlled packaging is used in a variety of industries, including healthcare, food and beverage, chemicals, and others. Temperature-controlled packaging is primarily used in the healthcare, food and beverage, and chemical industries to transport and store temperature-sensitive items in controlled conditions. Temperature-controlled packaging solutions have become increasingly popular as a result of stringent laws governing the transportation of perishable pharmaceutical and food products.
The temperature-controlled packaging solutions market is somewhat fragmented. The competitive landscape of the market for temperature controlled packaging solutions is quite intense due to the presence of a large number of active competitors. The creation of superior quality items is a priority for the major players in this industry. They are increasing investments in research and development initiatives to achieve this goal. This scenario suggests that the market for temperature-controlled packaging solutions would grow at a rapid pace in the coming years.
Market Segmentation:
By Product
- Insulated Shippers
- Insulated Containers
- Others
By Application
- Frozen
- Chilled
- Ambient
- Healthcare
- Food & Beverages
- Others
Food & drinks maintained a prominent position among end-use segments, generating a revenue of US$ 4,464.1 Mn in value in 2020 and is predicted to create a revenue of US$ 9,311.51 Mn by 2028, demonstrating an 8.24 percent CAGR. During the projected period, rising population is predicted to boost demand for food and drinks, which will in turn facilitate demand for temperature controlled packaging solutions from the food and beverage industry.
The major players operating in the global temperature controlled packaging solutions market include Envirotainer AB, Intelsius, Pelican Biothermal LLC, Sofrigam, Softbox Systems Limited, Tempack, Packaging Solutions, S.L., Entropy Solutions, Honeywell International Inc., Outlast Technologies LLC, and Pluss Advanced Technologies Pvt. Ltd.
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