Temperature Controlled Packaging Solutions Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2020–2028

The global Temperature Controlled Packaging Solutions Market is expected to reach USD 21.36 Billion by 2028, according to a new report by Reports and Data. This is mainly contributed by the growth of canned and packaged food in the food and beverage industry. Increasing disposable income and increasing purchasing power, as well as the emerging wastage control of food and medicines, will drive the growth of the market. Moreover, increasing trade of frozen food and drugs internationally, which require constant temperature control, will also fuel the growth of the market.

Temperature controlled packaging solutions are ideal for the transport of heat sensitive products in extreme conditions, such as through prolonged periods and intense heat. They provide the end users with higher performance, more efficiency than other insulating materials, better temperature maintenance, and a reduced thickness on the sides, which reduces the volume and weight of the cold source used. However, the volatile costs of raw materials, as well as high initial investment and maintenance costs, are expected to restrain the growth of the market.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1379

Key participants include Sonoco Products Company, Pelican BioThermal LLC, FedEx Corp, Cold Chain Technologies, Deutsche Post AG (DHL), AmerisourceBergen Corp, ACH Foam Technologies, Sofrigram SA Ltd, Testo SE & Co, Tempack and Cropak, WIKA Alexander Wiegand SE & Co, OMEGA Engineering, KIMO, Olympus Corporation, SKF, and ILLIG Maschinenbau GmbH & Co, among others.

For the purpose of this report, Reports and Data have segmented global Global Temperature Controlled Packaging Solutions Market on the basis of product, type, services type, end user, and region:

Products Outlook (Revenue, USD Billion; 2020-2028)
• Insulated containers
• Insulated shippers
• Refrigerants

Type Outlook (Revenue, USD Billion; 2020-2028)
• Active system
• Passive system
• Hybrid system

Services type Outlook (Revenue, USD Billion; 2020-2028)
• Airways
• Waterways
• Roadways

End users Outlook (Revenue, USD Billion; 2020-2028)
• Food & Beverages
• Healthcare & Pharmaceuticals
• Chemical & Materials
• Research Laboratories

Regional Outlook (Revenue, USD Billion; 2020-2028)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

To know more about the report @ https://www.reportsanddata.com/report-detail/temperature-controlled-packaging-solutions-market

Further key findings from the report suggest
• The market is segmented on the basis of product into insulated containers, insulated shippers, and refrigerants.
• Insulated shippers account for the largest market share of ~45% in 2018, and is also forecasted to witness the highest growth rate of 8.6% during the forecast period.
• The cost-effectiveness of insulated shippers will have a positive impact on the growth of the segment.
• Moreover, the demand for insulated shipping services for clinical and pharmaceutical products, such as drugs, vaccines, and blood samples will boost the growth of the segment.
• The market is segmented on the basis of type into active system, passive system, and hybrid system.
• Passive systems account for the largest market share of ~45% in 2018.
• Passive thermal systems are generally used as the packaging systems in the food & beverage industry. These systems use phase change materials (PCM) such as water or ice or dry ice. Moreover, the simplicity and cost-effectiveness of the system will also have a positive effect on the growth of the segment.
• The market is segmented on the basis of services type into airways, waterways, and roadways.
• Waterways account for the largest market share of ~45% in 2018.
• Water transport is the cheapest and oldest form of transportation for bulky goods and cargoes.
• The market is segmented on the basis of end users into food & beverages, healthcare & pharmaceuticals, chemical & materials, and research laboratories.
• Healthcare & pharmaceutical industry is forecasted to witness the highest growth rate of 10.1% during the forecast period, owing to rise in the transportation of temperature sensitive products, such as medicines, drugs, vaccines, blood samples, and organs.
• The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America, and MEA.
• The Asia Pacific region is forecasted to witness the highest growth rate of 9.1% during the forecast period owing to developing healthcare & pharmaceutical industry in this region.
• Asia Pacific has been adopting and advancing itself in terms of technology, owing to the growing population; and rise in the number of people suffering from various deadly diseases.
• The companies have adopted various strategies including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1379

Key Features of the Temperature Controlled Packaging Solutions Market Report:
• Detailed assessment and exhaustive understanding of the Temperature Controlled Packaging Solutions Market
• Significant insights into manufacturing processes, major barriers, and risks
• 8-year forecast estimation to offer information about the market size and market share on the global and regional levels
• Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements
• Identification of growth prospects and potential for the Temperature Controlled Packaging Solutions industry
• Comprehensive analysis of the key market players and their strategies

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1379

Thank you for reading our report. Customization of this report is available. Please get in touch with us for further inquiry.

Browse More Related Reports –

Kava Root Extract Market @ https://www.reportsanddata.com/report-detail/kava-root-extract-market

Cassava Starch Market @ https://www.reportsanddata.com/report-detail/cassava-starch-market

Meat Starter Cultures Market @ https://www.reportsanddata.com/report-detail/meat-starter-cultures-market

Food Antioxidants Market @ https://www.reportsanddata.com/report-detail/food-antioxidants-market

Lactose-free Infant Formula Market @ https://www.reportsanddata.com/report-detail/electronic-table-games-market

Visit Our Blog @ https://reportsanddata.com/blog/top-8-food-industry-trends

Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.