Asia-Pacific Temperature Controlled Packaging Solutions Market, By Type (Passive and Active System), Product & Services (Services, Product), Usability (Single Use, Reuse), Application (Frozen, Chilled, and Ambient), End-Use (Food & Beverages, Healthcare, Chemical, Research Laboratories, and Others) Industry Trends and Forecast to 2029.
Asia-Pacific Temperature Controlled Packaging Solutions Market Analysis and Insights
The Asia-Pacific temperature controlled packaging solutions market is gaining significant growth due to different types, such as dry ice, liquid nitrogen, and foam brick, among others. They are commonly used to transport medicines, perishable products, blood samples, and numerous clinical trials. The temperature controlled packaging solutions are prepared of stretched polystyrene, polyurethane, and vacuum-insulated panels. Growing demand in the healthcare sector and the rising need for temperature control in the pharmaceutical sector are expected to drive market growth significantly. The demand for temperature controlled packaging solutions in cold chains, perishable food products, and convenience food contributes to market growth.
Therefore, the rising standards and regulations by governmental bodies must be followed by the manufacturers to sell their products and ensure consumer demands will boost the market's growth. The lack of technical expertise in small enterprises is likely to restrict the market growth in the region.
Data Bridge Market Research analyses that the Asia-Pacific temperature controlled packaging solutions market will grow at a CAGR of 6.4% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2015)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Type (Passive and Active System), Product & Services (Services, Product), Usability (Single Use, Reuse), Application (Frozen, Chilled, and Ambient), End-Use (Food & Beverages, Healthcare, Chemical, Research Laboratories, and Others).
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Regions Covered
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China, Japan, Australia & New Zealand, India, Philippines, Indonesia, Singapore, South Korea, Malaysia, Thailand, and the Rest of Asia-Pacific.
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Market Players Covered
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DS Smith, Cold Chain Technologies, Intelsius, Peli BioThermal Limited, Sonoco Products Company, va-Q-tec AG, Global Cold Chain Solutions, Catalent, Inc, Envirotainer, and CSafe, among others.
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Market Definition
Temperature controlled packaging is mainly done to ship products, substances, or specimens that require a certain temperature throughout their transport process. The shippers rely on temperature controlled packaging, which allows them to maintain the temperature of the shipping product according to the shipper requirements. The temperature controlled packaging is used in numerous industries comprising medical, food and beverages, clinical trial, research and developments, and blood transportation.
The temperature controlled packaging solutions come in two forms, namely, active system and passive system. Active packaging solutions have dry ice cooling or electrical heating and cooling systems. On the other side, passive solutions consist of insulated boxes or containers with no active temperature control. As a result, passive packaging does not change in response to ambient temperatures. Active packaging solutions are widely used because they enable transportation of any size packets to longer distances without damaging the products; due to their reusability property and high technology level, temperature controlled packaging solutions have made their mark in the Asia-Pacific market in storage applications.
Asia-Pacific Temperature Controlled Packaging Solutions Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
Growth in healthcare industries
The healthcare industry is one of the fastest-growing industries around the globe. The industry is helping discover developments of drugs or pharmaceutical drugs used as medications. Recent growth in the healthcare and pharmaceutical industries enables the demand for medical products to be shipped safely. Pharmaceutical packaging is a cost-effective way to provide protection, identification information, containment, convenience, and compliance to a product during storage, carriage, and display until the product is consumed. The packaging must protect against various climatic conditions, including biological, physical, and chemical, and be economical for manufacturers. In addition, the packaging must maintain the stability of the products throughout the shelf-life. The two types of packaging systems in the healthcare industry are passive and active. The quality of healthcare products directly affects patient safety and the efficiency of the product in patient therapies. Temperature excursions make a massive difference in transporting finished products, transporting clinical trial materials, or delivering sample drugs. One of the major solutions associated with this issue is temperature controlled packaging solutions, which will help the market to expand in the upcoming years.
For instance,
- In July 2020, Softbox announced the launch of Tempcell ECO. Tempcell ECO is made from 100 percent corrugated cardboard and utilizes. This ECO packaging solution is designed to transport wide-stability temperature-sensitive pharmaceutical products.
Thus, the increased need for temperature controlled packaging solutions for medicine transportation across the globe is expected to drive the Asia-Pacific temperature controlled packaging solutions market in the forecast period.
Rising Demand for Fresh and Frozen Food
Frozen foods are commercially processed to make them convenient for storage and require less preparation. Fresh food is usually perishable in nature. Perishable food has two categories, perishable food, and semi-perishable food. The perishable food includes meat, poultry, fish, milk, eggs, and many raw fruits and vegetables and needs to be refrigerated. The semi-perishable food stored at optimum temperature remains unspoiled for six months to one year. The cold chain is a significant way to preserve and transport perishable food within the proper temperature range. These preservation methods slow the biological decay processes and increase safe and high-quality food to consumers. Asian countries such as China and India show an increasing interest in consuming imported, frozen and fresh foods. The products of temperature controlled packaging solutions provide a range of boxes and various other products to serve the same industries. The increasing trend in consumers consuming fresh and frozen food enables the Asia-Pacific temperature controlled packaging solutions to expand globally.
For instance,
- In June 2020, Smurfit Kappa launched a new paper-based alternative that can keep meat and non-meat food products sterile and cold for longer. The pack also offers greater flexibility than EPS as it can be stored flat therefore reducing warehouse costs.
Due to the changing consumer profile, the food industry has changed significantly. This increase in the market's growth increases the need for temperature controlled packaging material to retain the quality of the food for a long time and is expected to drive the Asia-Pacific temperature controlled packaging solutions market in the forecast period.
Opportunities
- High potential growth markets for insulated packaging
Temperature controlled packaging is specifically designed to maintain the appropriate temperature of sensitive products. This packaging acts as a shield and protects products from damage or getting spoiled. Temperature controlled packaging has applications in various fields, such as pharmaceuticals, food and beverages, and many others. The increase in the use of temperature controlled packaging in pharmaceuticals is due to increased drug monitoring authorities across geographies focused on framing stringent legislation for the handling and distributing pharmaceutical products and increasing the demand for biologics. Various key players, such as Intelsius - A DGP Company (U.K.), provide cold chain packaging solutions for the pharmaceuticals sector. FedEx (U.S.), a leading courier company, provides insulated packaging to various pharmaceuticals, food and beverages, and clinical trials worldwide. The insulated packaging is costly as it keeps the products in their original form and helps sustain the product's shelf-life.
The food and beverages market is one of the growing markets in insulated packaging material. The packaging materials preserve the food's physical properties and increase the products' shelf-life. The company, namely Coca-Cola (U.S.), manufactures bottled water, juices, and iced tea. Unilever (U.K.), one of the biggest manufacturers of ready meals, sauces, and teas, use insulated packaging materials. As the significant companies earn significant profits, the food and beverages market is expected to grow and will significantly bring opportunities for the Asia-Pacific temperature controlled packaging solutions market.
Restraints/Challenges
- Rise in raw material costs
Various types of raw materials are used to manufacture temperature controlled packaging solutions, such as expanded polystyrene, polyurethane, and liquid nitrogen. Cold Chain Technologies (U.S.), Intelsius - A DGP Company (U.K.) company provides cold chain packaging solutions to maintain the thermal integrity of the products while in transit until they reach their destination. Materials such as polyurethane and liquid nitrogen are used to manufacture box liners, pouches, mailers, and pallets.
The price of raw materials is increasing, and manufacturers face cascading challenges through the supply chains as prices continue their upward climb, slowing supplier deliveries and labor availability.
- In July 2022, according to an article published by Agro & Food Processing, the market is becoming increasingly uncertain due to rising demand, capacity, and supply issues, the restricted availability of transport choices, and feedstock costs rising exponentially daily. The price of polyurethane resins, solvents, and other petrochemical raw ingredients and derivatives has recently increased significantly.
Therefore, the increasing prices of the raw materials used in the manufacturing of temperature controlled packaging solutions, such as polystyrene and polyurethane, are expected to challenge the Asia-Pacific temperature controlled packaging solutions market.
Post-COVID-19 Impact on Asia-Pacific Temperature Controlled Packaging Solutions Market
Post the pandemic, the demand for temperature controlled packaging solutions has increased as there won't be any more restrictions on movement, so the supply of products would be easy. In addition, companies developed their packaging system for shipping vaccines and medicines across the globe, and the demand for temperature controlled packaging for perishable goods has also increased may propel the market's growth.
The increased demand for temperature controlled packaging solutions enables manufacturers to launch innovative and multifunctional temperature controlled packaging products, which ultimately increases the demand for temperature controlled packaging solutions and has helped the market grow.
Moreover, the high demand for temperature controlled packaging products will drive the market's growth. Furthermore, the demand for packaging solutions for temperature-sensitive medicines after the COVID-19 pandemic has increased as high demand from the healthcare and pharmaceutical sector resulted in market growth. Additionally, consumers' interest in new technologies and multipurpose products is expected to fuel the growth of the Asia-Pacific temperature controlled packaging solutions market.
Recent Developments
- In September 2022, va-Q-tec launched a va-Q-one 300P transport container in Euro pallet size, a temperature-controlled transport option. The box is especially well suited for cross-country shipments in areas without return transportation options. This launch will help the company to expand globally.
- In July 2022, DS Smith collaborated with the Valencian Company and developed innovative packaging for their new line of Soul Series 2 juicers. The packaging is 100% recyclable. This launch will help the company to expand in the market.
Asia-Pacific Temperature Controlled Packaging Solutions Market Scope
The Asia-Pacific temperature controlled packaging solutions market is segmented based on type, product & services, usability, application, and end-use. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Passive
- Active System
On the basis of type, the Asia-Pacific temperature controlled packaging solutions market is segmented into passive, and active system.
Product & Services
- Services
- Product
On the basis of product & services, the Asia-Pacific temperature controlled packaging solutions market is segmented into product and services
Usability
- Single Use
- Reuse
On the basis of usability, the Asia-Pacific temperature controlled packaging solutions market is segmented into single use and reuse.
Application
- Frozen
- Chilled
- Ambient
On the basis of application, the Asia-Pacific temperature controlled packaging solutions market is segmented into frozen, chilled, and ambient.
End Use
- Food & Beverages
- Healthcare
- Chemical
- Research Laboratories
- Others
On the basis of application, the Asia-Pacific temperature controlled packaging solutions market is segmented into food & beverages, healthcare, chemical, research laboratories, and others.
Asia-Pacific Temperature Controlled Packaging Solutions Market Regional Analysis/Insights
The Asia-Pacific temperature controlled packaging solutions market is analyzed, and market size insights and trends are provided based on country, type, product & services, usability, application, and end-use, as referenced above.
Some countries covered in the Asia-Pacific temperature controlled packaging solutions market are China, Australia & New Zealand, Japan, South Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, India, and the rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific temperature controlled packaging solutions market in terms of market share and revenue. It is projected to maintain its dominance during the forecast period due to strong market players and high demand for pharmaceutical products in Asia-Pacific.
The region section of the report also provides individual market-impacting factors and changes in regulations that impact the market's current and future trends. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Temperature Controlled Packaging Solutions Market Share Analysis
The competitive Asia-Pacific temperature controlled packaging solutions market provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the company’s focus on the Asia-Pacific temperature controlled packaging solutions market.
Some of the major players operating in the Asia-Pacific temperature controlled packaging solutions market are DS Smith, Cold Chain Technologies, Intelsius, Peli BioThermal Limited, Sonoco Products Company, va-Q-tec AG, Global Cold Chain Solutions, Catalent, Inc, Envirotainer, CSafe, among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Asia-Pacific Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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