Global Passive Temperature Controlled Packaging Market, By Product Type (Insulated Shippers, Insulated Containers, Refrigerants And Others), Application (Food And Beverages, Healthcare And Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Passive Temperature Controlled Packaging Market
Data Bridge Market Research analyses that the passive temperature controlled packaging market will project a CAGR of 10.20% for the forecast period of 2021-2028. Rising focus on the packaging product innovations and technological advancements by the manufacturers, growth and expansion of packaging industry especially in the developing economies like India and China, surging demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, growing rate of transportation of medicines and pharmaceutical drugs and increased personal disposable income are the factors driving the growth of passive temperature controlled packaging market. Therefore, the passive temperature controlled packaging market value would stand tall by USD 12,400 million by 2028.
Temperature controlled packaging materials ensure the transportation of both temperature-sensitive and temperature-insensitive products goods. In other words, temperature controlled packaging material are used to package items that need to remain within a specific temperature range and are generally sensitive in nature. The major aim behind the employment of such materials is to preserve the quality. Passive temperature controlled packaging solutions are generally ideal for bulk shipping of products at low costs. Passive temperature controlled packaging materials are insulated boxes or containers without any active temperature control. This means that the passive temperature controlled packaging solutions make no adjustments according to ambient temperatures.
Rising urbanization, modernization, and globalization is driving the growth in the passive temperature controlled packaging market value. Growing demand by the food and beverage industry for packaging materials that minimize deterioration and product extension will further induce growth in the passive temperature controlled packaging market value. Surging research and development proficiencies, rising food-led export and import activities, growing technological advancements in the packaging equipment and technology, increased proliferation of e-commerce industry and growth in supply of biopharmaceuticals due to COVID-19 are some other passive temperature controlled packaging market growth determinants.
However, supply chain disruptions owing to the covid-19 pandemic will create hindrances for the passive temperature controlled packaging market growth rate. Fluctuations in the prices of raw materials and stringent regulation on shipment of temperature sensitive products will further dampen the passive temperature controlled packaging market growth rate. Availability of alternative packaging solutions and lack of infrastructure for temperature sensitive shipment in developing economies will hamper the passive temperature controlled packaging market growth rate.
This passive temperature controlled packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on passive temperature controlled packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Passive Temperature Controlled Packaging Market Scope and Market Size
Global passive temperature controlled packaging market is segmented on the basis of product type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the passive temperature controlled packaging market is segmented into insulated shippers, insulated containers, refrigerants and others.
- Based on application, the passive temperature controlled packaging market is segmented into food and beverages, healthcare and others.
Global Passive Temperature Controlled Packaging Market Country Level Analysis
Global passive temperature controlled packaging market is segmented on the basis of product type and application.
The countries covered in the passive temperature controlled packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region will dominate the global passive temperature controlled packaging market during the forecast period owing to the growing food processing activities, rapidly rising demand for frozen products and well-established infrastructure. Asia-Pacific will continue to undergo substantial gains and score the highest CAGR. Ever-rising population base, rapid transition from a manufacturing and construction led economy to a consumer led economy and increased personal disposable income are some important market growth determinants.
The country section of the passive temperature controlled packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Passive Temperature Controlled Packaging Market Share Analysis
The passive temperature controlled packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to passive temperature controlled packaging market.
Some of the major players operating in the passive temperature controlled packaging market AVERY DENNISON CORPORATION., 3M, BASF SE, Amcor plc, Honeywell International Inc, Chevron Phillips Chemical Company, Sonoco Products Company, Peli BioThermal Limited, Sofrigam, Deutsche Post AG, United Parcel Service of America, Inc., FedEx, USPS., DPD, AmerisourceBergen Corporation., DS Smith, Biotempak, IGH Holdings, Inc., APEX Packaging Corporation and Cold Chain Technologies, Inc. among others.
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