Temperature-controlled packaging provides high thermal stability, which can be customized to exact temperature required, which has helped active packaging solutions to gain popularity in the industry.
Portland, OR -- (SBWIRE) -- 10/23/2017 -- Temperature-Controlled Packaging Solutions Market by Type, Product, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the temperature-controlled packaging solutions market size was valued at $8,648 million in 2016, and is projected to reach $16,925 million by 2023, growing at a CAGR of 10.2% from 2017 to 2023. Passive temperature-controlled packaging, one of the widely used packaging solutions, dominated the global temperature-controlled packaging solutions market and is expected to maintain this trend till 2023. However, Asia-Pacific is expected to grow at the fastest rate during the forecast period due to rapid increase in urbanization and rise in disposable income.
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Active temperature-controlled packaging stands second in the temperature-controlled packaging solutions market during the forecast period, and is expected to exhibit a growth of 9.5% by 2023. Active temperature-controlled packaging solutions offer high control of temperature with the help of advanced technology. Moreover, the consumers are ready to pay the higher maintenance cost that is required for the transportation by the medium of active solutions owing to its high efficiency. Some of the manufacturers in the temperature-controlled packaging solutions market include Pelican BioThermal LLC, Sonoco Products Company, Cold Chain Technologies, Inc., FedEx Corp., AmerisourceBergen Corp., Deutsche Post AG (DHL), and Sofrigram SA Ltd.
Passive temperature-controlled packaging solution is the most used packaging solution among global consumers and offers a bulk transportation of temperature sensitive products across the globe.
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Insulated shippers in temperature-controlled packaging solutions industry are expected to grow at a notable rate by 2023. It provides bulk transportation of the products. It has been observed that small-town customers contribute less to the market due to lack of knowledge.
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Based on the type of end user, the temperature-controlled packaging solutions industry is classified into food & beverage, healthcare, and others (chemicals and biothermal). Food & beverage sector involves transportation of temperature sensitive products from one location to another with the help of temperature-controlled packaging solution. The food such as meat, dairy products, canned food, and beverages such as cold drinks, milk, and others require temperature-controlled packaging during transportation. Increased preference of consumers for canned food products has encouraged the rise in demand for the temperature-controlled packaging solutions.