Temperature controlled packaging solutions market Size, Share, Growth, Outlook, and Opportunity Analysis, Forecast 2021 – 2028

                                                                               
Many products are temperature sensitive, necessitating their storage in a specific temperature range to ensure that they are fit for use and provide the highest levels of quality and utility.

   Temperature controlled packaging solutions market


Many products are temperature sensitive, necessitating their storage in a specific temperature range to ensure that they are fit for use and provide the highest levels of quality and utility. Whether it is frozen foods or medical specimens such as organs, blood, or vaccines, such products require precise temperature control as well as attention to storage and transportation best practises. Temperature controlled shipping, also known as "cold chain" logistics, helps businesses meet these demands. Cold chain logistics is a growing market, but it comes at a high cost to keep up with the demand. Temperature-controlled packaging can supplement and, in some cases, even replace temperature-controlled logistics.

The growing pharmaceutical industry, technological advancements in reusable packaging, and increased use of temperature control packaging solutions in the transport of medicines, clinical trial distribution products, donor organs, and blood transfers are expected to drive the global temperature controlled packaging solutions market. According to the Indian Brand Equity Foundation's (IBEF) report, the pharmaceutical industry in India was valued at US$ 33 billion in 2017. According to the same source, India's pharmaceutical exports in 2019 totaled US$ 19.14 billion, up from US$ 17.27 billion in 2018.

When companies ship infrequently, they tend to lease temperature-controlled packaging containers at lower monthly costs rather than purchasing containers at a high cost. This assists the company in lowering its initial investment costs. Companies must also bear the costs of inbound packaging transportation and outbound transportation.

Market Segmentation:

By Product
  • Insulated Shippers
  • Insulated Containers
  • Others

By Application
  • Frozen
  • Chilled
  • Ambient

By End-use
  • Healthcare
  • Food and beverages
  • Others
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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