Passive Temperature Controlled Packaging Solutions Market

2019 Analysis and Review of Passive Temperature Controlled Packaging Solutions Market by Product - Insulated Container and Insulated Shipper for 2019 - 2029

VIP Insulated Shippers Emerging Attractive in Market

Although insulated containers remain the preferred passive temperature-controlled packaging solution with over 3/5th of total sales, the preference for insulated shipper has also been increasing over the recent past. Towards 2019 end, the latter will outpace former in terms of rate of demand growth. Expanded polystyrene (EPS) based shippers will remain top selling, followed by polyurethane (PUR) based counterparts. Though these variants are superior in terms of heat conductivity and temperature sensitivity for pharmaceutical products, the market will witness strong emergence of vacuum insulated panel (VIP) shippers. These shippers are gaining popularity as an advanced packaging solution, attributing to their compactness, lighter weight, reduced distribution costs, and optimum temperature ranges and refrigerant requirements.

Expanding Cold Chain Brings in Opportunities to Developing Markets

The passive temperature-controlled packaging solutions market in North America and Europe captures around 45% of market value share, majorly driven by the food and pharmaceutical industries. On the other hand, developing regional markets such as Asia Pacific excluding Japan (APEJ) and Latin America would exhibit higher, double-digit CAGRs during latter half of forecast period. This high growth potential is owing to the exploding demand for pharmaceutical products, frozen foods, and perishable foods such as meat, seafood, and dairy products.

New Product Developments Trending Competition Landscape

Leading providers of passive temperature-controlled packaging solutions are augmenting their investments in new launches in an effort to gain competitive advantage. Recently in 2019, Cryopak released a new version of Mirador Express: 1.2.0 that is capable of delivering real-time temperature monitoring. The special feature is easy-to-use and safe methods for storing and calculating data. Earlier in 2018, Cold Chain Technologies (CCT), a leading provider of temperature-controlled delivery systems, launched the industry’s first integrated phase change material (PCM) pallet cover device- KoolTemp® GTS Enshield.

How Growth will Unfold

Chilled sector currently holds more than 50% of revenues through demand for passive temperature-controlled packaging solutions, globally. However, there are strong indications that the noteworthy expansion of cold chain sector, rapid demand growth of rare disease drugs and other specialty pharmaceuticals, and flourishing market prospects of perishable F&B sector will push application of these packaging solutions in the frozen sector. Meat and dairy products, fresh produce, and soft fruits will particularly fuel demand for passive temperature-controlled packaging solutions in frozen category through 2029.

FREQUENTLY ASKED QUESTIONS ABOUT PASSIVE TEMPERATURE CONTROLLED PACKAGING SOLUTIONS MARKET

Which factors are at the forefront of generating demand for passive temperature-controlled packaging solutions?

Solid expanse of pharmaceutical industry and the ever-growing perishable food sector would be the key growth drivers associated with the passive temperature-controlled packaging solutions market. Gradual growth of this industry in developing regions will present opportunity to globally leading providers of passive temperature-controlled packaging solutions.

What course of growth will the adoption of these packaging solutions observe in pharma industry?

Passive temperature-controlled packaging has been a preferred economical and effective solution for shipping of pharmaceutical products. Increasing need for cost-effective shipping of vaccines, particularly to remote geographies, offers a prominent push to market growth.

Which regional markets will display above-average growth potential for manufacturers of passive temperature-controlled packaging providers?

Latin America and Asia Pacific excluding Japan (APEJ) are set to emerge as highly attractive regions in the passive temperature-controlled packaging solutions market. The latter is particularly projected to clock a CAGR of more than 10% during 2019 – 2029.

How is rising adoption of rental packaging solutions impacting overall demand for passive temperature-controlled packaging solutions?

There has been rising preference for cost-effective passive temperature-controlled shippers or containers. Many logistics and packaging companies are providing rental services for shipping temperature-sensitive products so as to reduce the overall shipping costs and overcome maintenance challenges incurred in their handling.

Which strategies would key market players adopt for competitive edge?

Leaders in passive temperature-controlled packaging solutions market such as Sonoco Products Inc., GEBHARDT Logistic Solutions GmbH, and ACH Foam Technologies, LLC are focusing on supply and distribution partnerships for regional stronghold. New product developments will also remain a priority.

PASSIVE TEMPERATURE CONTROLLED PACKAGING SOLUTIONS MARKET TAXONOMY

The global passive temperature-controlled packaging solutions market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product

  • Insulated Shipper
    • Envelops & Panels
    • EPS
    • PUR
    • VIP
    • Others
  • Insulated Container
    • Chest
    • Upright
  • Others

Application

  • Frozen
  • Chilled
  • Ambient

End-use Industry

  • Pharmaceuticals
  • Food & Beverages
  • Others

Region

  • North America
  • Latin America
  • APEJ
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • Japan

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