Market Research Future Insights
The passive temperature-controlled packaging market will be worth around USD 13.85 billion, asserts MRFR (Market Research Future). MRFR expects the market to capture a CAGR of 9.65% during the forecast period
Passive temperature-controlled packaging solutions are usually ideal for bulk shipping products at low costs. Passive temperature-controlled packaging materials are protected boxes or containers without any active temperature control. This means that the passive temperature-controlled packaging solutions make no changes according to ambient temperatures. Rising focus on packaging product innovations and technological advancements by the manufacturers, growth, and increase of the packaging industry especially in developing economies like India and China, rising demand for innovative packaging solutions that are developed with advanced and innovative methods of manufacturing, rising rate of transportation of medicines and Pharmaceutical Excipients and augmented personal disposable income are the factors pouring the growth of passive temperature-controlled packaging market.
Key Players
Some of the key market players are AmerisourceBergen Corporation (US), Deutsche Post AG (Germany), Intelsius (UK), Softbox (UK), Sofrigam SA Ltd. (US), ACH Foam Technologies (US), Pelican BioThermal LLC (US), Sonoco Products Company (US), Cold Chain Technologies, Inc. (US), and FedEx Corporation (US)
Regional Analysis
North America region has dominated the global passive temperature-controlled packaging market during the forecast period owing to the rising food processing activities, rapidly increasing demand for frozen products, and well-established infrastructure.
Asia-Pacific continues to undergo substantial gains and score the highest CAGR. An increasing population base, rapid transition from a manufacturing and construction-led economy to a consumer-led economy, and augmented personal disposable income are some important market growth determinants.
Market Segmentation
The Global Passive Temperature Packaging Machinery Market has been segmented into type, product, and end-user
Based on type, The Global Passive Temperature Controlled Packaging Market has been segmented into active and passive.
Based on the product, The Global Passive Temperature Controlled Packaging Market has been segmented into insulated containers and insulated shippers.
Based on the end users, The Global Passive Temperature Controlled Packaging Market has been segmented into healthcare, food & beverage, and others. The food & beverage sector dominated the temperature-controlled packaging solutions market due to packaging that maintains the condition and nutritive value of the food & beverages in exciting conditions for later consumption
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