Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Temperature Controlled Packages Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Temperature
Controlled Packages Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Temperature Controlled Packages Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Temperature
Controlled Packages Market is offered. In
accordance with the report, the global Temperature Controlled Packages Market
is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
A
robust semi-built liner that provides better insulation and premium physical
protection in case of impact or crushing is called temperature-controlled
packaging. In case of such packages, the need for production moulds does not
arises. This implies that these packages can be made of any size depending on
order implying these packages are customizable. These kinds of packages are useful
for flat storage and can be assembled in case its necessary.
Market Drivers
The
growth of the food and beverage sector is driving the demand for temperature
controlled packages. The soaring purchasing power, transitioning lifestyle of
the population and the tight day-to-day schedule of the people is leading to
their increased dependence on the frozen and ready-to-eat foods which is
indirectly providing impetus to this market. Further, the rising female
participation in workforce is increasing the consumption of processed foods and
charging up the temperature controlled packages market. Health-conscious
population is increasingly preferring the consumption of fresh food and
vegetables in the form of salad. Temperature controlled packages does its best
in the keeping the content fresh and balancing nutritional value.
Temperature
controlled packaging solutions plays a pivotal role in the preserving product
quality on all accounts of the supply chain for the stabilization of the
internal temperature. Temperature controlled packaging solutions are employed
in the inactive ingredients of the pharmaceutical industry for balanced temperature,
clinical trials, biological products and samples, vaccines and medical products
having a time limit. These factors are fueling the demand for this product.
The
rising volumes of international trade and liberalization of trade among
different nations are boosting shipments of products and further propelling the
growth of this market. As a consequence of this, the packaging industry apart
from the transportation industry is growing. This turn is bolstering the growth
of the temperature controlled packaging market.
Market Restraints
Implementation
of the hard and fast directives of the government legislative bodies is
impeding the growth of this market.
Huge
capital investment is required for the development of this industry and further
high operational and maintenance cost is hindering the growth prospects of this
market.
The
lower levels of occurrence of these industries especially in the rural and
remote areas is disrupting the growth of this market.
The
Covid-19 pandemic has significantly injured this market. Global lockdown has
halted the operations in this market in addition to the stop of operations in
the end use sectors. This negatively affected the growth prospects of this
market.
Opportunities
As a
result of widening international trade of perishable goods, the demand for cold
chain packaging industry is on a rise which is expected to provide lucrative
opportunities to this market.
In
spite of the adverse impact of Covid-19 epidemic on this market, the combined
effort of the government and the leading players of this industry is likely to
boost up this market in the near future.
The
rising number of people suffering from chronic and rare diseases is charging
the development of high valued medications. These drugs have a shorter life
span and proper temperature-based storage procedures has to be strictly
followed. This is widening the application of ultra-low temperature range
packaging solutions.
Trends
At
present North America dominates the market for temperature controlled packaging
and is expected to continue its domination in the forecast period. The reason
behind such domination is the growing adoption of these packages in the medical
and healthcare sector and the rising dependence of the population on the food
and beverage sector. The presence of a large number of manufacturers of frozen
foods and the increasing consumption of fresh fruits and vegetables by the
consumer are other factors behind such progress. The Europe region and the Asia
Pacific region is also projected to witness significant growth owing to the
presence of development of cold chain industries.
Segment Covered:
This market
intelligence report on the global Temperature Controlled Packages Market encompasses market segments based on product, type,
material type, end use and country.
By
Product the global Temperature Controlled Packages Market has been divided
into:
q Insulated
Snipers
o PUR
Containers
o Fiberboard
o EPS
Foam Containers
o Panels
and Envelopes
q Insulated
Protective Shippers
q Insulated
Containers
o Upright
Style
o Chest
Style
q Others
By Type the global Temperature
Controlled Packages Market has been divided into:
q Passive
Systems
q Active
Systems
By Application the global Temperature Controlled
Packaging Market has been divided into:
q Ambient
q Chilled
q Frozen
By End
Use the global Temperature Controlled Packages Market has been divided into:
q Pharmaceutical
and healthcare sectors
q Food
and Beverages
q Others
By country/region,
the global Temperature Controlled Packages Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Pelican
BioThermal
q Softbox
Systems Ltd
q APEX
Packaging Corporation
q Sonoco
Products Company
q Cold
Chain Technologies, Inc
q Intelsius
Envirotainer
q Ds
Smith
q Inmark
Temperature Controlled Packaging
q Sofrigam
q United
Parcel Services
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Temperature Controlled Packages Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Pelican BioThermal
In February
2020, NanoCool was acquired by Pelican BioThermal. This acquisition is expected
to help the company in setting a stable footprint in the global and regional
market.
Softbox Systems Ltd
In July 2020,
Tempcell ECO was launched by Softbox, A leader in the market of temperature
control packaging for cold chain industries, and pharmaceutical industry.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Temperature
Controlled Packages Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Temperature Controlled Packages Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Temperature Controlled Packages caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Temperature
Controlled Packages Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Temperature Controlled Packages Market
v
Identification
of key factors driving investment opportunities in the Temperature
Controlled Packages Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
