According to estimates, the market for passive temperature-controlled packaging solutions would be worth US$10.6 billion by 2021. Between 2021 and 2031, sales of passive temperature-controlled packaging systems are anticipated to grow at a 9.1% CAGR. The market for passive temperature-controlled packaging solutions is anticipated to develop at a 9.0% YoY rate in 2021. In terms of region, Asia Pacific excluding Japan is anticipated to represent more than 23.9% of the market in 2021.
2014-2020 Passive Temperature-Controlled Packaging Solutions Market Outlook Compared to 2021-2031 Forecast
FMI projects the global passive temperature-controlled packaging (PTCP) solutions market to expand at 7.9% CAGR between 2021 and 2031, in comparison to the CAGR of 7.5% registered between the period 2014 and 2020.
Growth in the market is underpinned by expansion of pharmaceutical industry. Temperature-controlled passive packaging solutions consist of shippers and containers.
They are designed especially for the packaging of products that are required to be kept under specific temperature conditions.
They also have the ability to maintain a temperature-controlled environment to limit the high or low temperatures exposure of the packed product during transit.
Passive packaging solutions do not use active temperature controls such as heating systems to alter the temperature. They use insulation mediums to limit the temperature change of the packaged products.
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Key players in temperature-controlled packaging solution market offer active as well as passive packaging solutions. Passive packaging solutions consist of a varied range of products such as insulated shippers, insulated containers, large pallet shippers, coolants, an temperature monitoring tools.
How will the growth of the pharmaceutical sector affect the market for passive temperature-controlled packaging solutions?
Pharmaceutical products are being transported over longer distances and across several modes of transportation, which calls for careful temperature control.
There is a trend of outsourcing clinical trial supply and logistics in the United States and the Asia-Pacific area since these processes require strict temperature-controlled packaging.
Following the COVID-19 outbreak, the supply and logistical efforts for clinical trials rapidly increased. Additionally, a number of pharmaceutical medicines created for the treatment of uncommon disorders frequently contain premium chemicals with tight temperature requirements and a limited shelf life.
Temperature-Controlled Packaging Solutions Market – Competitive Landscape
Companies operating in the passive temperature-controlled packaging solutions market are aiming at product launches, expansions and strategic partnerships with other manufacturers. They are also focusing on expanding their product manufacturing capabilities, product portfolio and global presence.
Meanwhile, other players are extensively investing in research and development of the product to offer innovative passive temperature-controlled packaging solutions targeted towards specific end-use industry application.
For Instance,
- In November 2021, Sonoco ThermoSafe, a unit of Sonoco and Singapore Airlines, a trusted partner in transporting high-value, time and temperature sensitive pharmaceutical cargo across the world, announced a global partnership agreement for leasing the new Pegasus ULD® passive temperature-controlled bulk shipping container.
- In April 2021, Softbox Systems Ltd. announced its partnership with Pfizer to support in the distribution of COVID-19 vaccines through the supply of a high-performance temperature-controlled parcel shipper developed specifically for ultra-low temperature applications.
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Passive Temperature-Controlled Packaging Solutions Market by Category
By Product Type :
- Insulated Shipper
- Envelops & Panels
- EPS
- PUR
- VIP
- Others
- Insulated Containers
- Chest
- Upright
- Others
By Application :
- Frozen
- Chilled
- Ambient
By End-Use :
- Pharmaceuticals
- Food & Beverage
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
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