Report explores the temperature controlled packaging solutions market

9.7% CAGR Growth of Temperature Controlled Packaging Solutions Market Projected to Reach $11.82 Billion by 2021. Temperature Controlled Packaging Solutions Market is projected to reach USD 11.82 billion by 2021, at a CAGR of 9.7% from 2016 to 2021.

Growth of temperature controlled packaging solutions in the pharmaceuticals industry is helping to create demand worldwide. However stringent rules & regulations formulated by government agencies are expected to restrain the temperature controlled packaging solutions market.

Report:

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Active temperature controlled packaging solutions are insulated containers which encompass a dedicated refrigeration unit installed onboard. These systems are of two types, systems with only cooling function and systems with both cooling and heating functions.

As these containers are offered on lease, companies worldwide are increasingly adopting active temperature controlled packaging systems, which, in turn, is driving the growth of this segment.

By product, the insulated containers segment is anticipated to grow at the highest CAGR during the forecast period owing to increasing demand for active insulated containers for large shipments. Insulated containers are used in applications that involve a long transit time.

Increasing use of insulated containers, which encompass an onboard refrigeration system, in the healthcare industry is driving the growth of the insulated containers product segment.

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Temperature controlled packaging systems help in the storage of medicines, syringes, and drugs at a constant temperature. As the packaging of pharmaceutical products is a very tedious process, the drug needs to be processed and packaged in a temperature controlled environment that needs to be maintained till the product reaches its final destination.

The food & beverages industry is the largest end-use industry of the temperature controlled packaging solutions market.

The Asia-Pacific temperature controlled packaging solutions market is projected to grow at the highest CAGR from 2016 to 2021. The increase in demand for insulated packaging materials, especially from the healthcare industry, is propelling the growth of the temperature controlled packaging solutions market in the Asia-Pacific region.

China and Japan are the two major countries which are expected to register the highest CAGR during the forecast period.

Breakdown of Profile of Primary Participants:

  • By Company Type: Tier 1 - 33 %, Tier 2 - 50%, and Tier 3 - 17%
  • By Designation: C Level - 58%, Director Level - 25%, and Others - 17%
  • By Region: Europe - 34%, North America - 25%, , Asia-Pacific - 25%, Middle East & Africa - 8%, and Latin America – 8%.

Major companies profiled in this report include Pelican Bio Thermal LLC (U.S.), Sonoco Products Company (U.S.), Cold Chain Technologies, Inc. (U.S.), FedEx Corp. (U.S.), AmerisourceBergen Corp.

(U.S.), and Deutsche Post AG (DHL) (Germany).

Browse complete report on “Temperature Controlled Packaging Solutions Market by Type (Active, Passive), Product (Insulated Shippers, Insulated Containers, Refrigerants), End-Use Industry (Food & Beverages, Healthcare), and Region - Global Forecast to 2021”with 103 market data tables and 48 figures spread through 159 pages and in-depth table of contain (TOC).

Report at www.rnrmarketresearch.com/tempera…eport.html .

Research Coverage:

This report offers an overview of the market trends, drivers, and barriers with respect to the temperature controlled packaging solutions market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America.

The report categorizes the temperature controlled packaging solutions market on the basis of type, product, end-use industry, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in the report.

Reasons to Access the Report:

This report covers the following key aspects:

  • The market size by 2021, and the growth rate from 2016 to 2021
  • The key market trends
  • The factors expected to drive the growth of the market
  • The barriers that impact market growth
  • The key players in this market

The global temperature controlled packaging solutions market report covers key regions, such as North America, Europe, and Asia-Pacific, Middle East & Africa, and Latin America including major countries in these regions, such as the U.S., China, South Korea, India, and Germany.

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