Global Passive Temperature-Controlled Packaging Market to Sizzle at 9.1% CAGR Through 2031 | FMI

Passive Temperature-Controlled Packaging Solutions Market

According to the latest analysis by Future Market Insights (FMI), the global passive temperature-controlled packaging solutions market is poised for significant growth, with an estimated value of US$ 10.6 billion in 2021. The market is projected to experience a robust Compound Annual Growth Rate (CAGR) of 9.1% between 2021 and 2031, reaching US$ 3.9 billion by the end of the forecast period.

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Key Market Insights:

1. Regional Dominance: Asia Pacific excluding Japan is expected to dominate the market in 2021, holding over 23.9% of the market share. The USA is projected to register a Year-on-Year (YoY) growth of 7.7%, with sales reaching US$ 2.1 billion in 2021.
2. Market Dynamics: The passive temperature-controlled packaging solutions market is primarily influenced by stringent regulations imposed by organizations such as the World Health Organization (WHO) on the shipment of temperature-sensitive products globally.
3. Recent Advances: Recent advancements in the market include the adoption of digitization, which helps manufacturers reduce operational costs and manual checks. In January 2022, Sonoco Products Company acquired Ball Metalpack, a leading manufacturer of sustainable metal packaging, reflecting the ongoing developments in the industry.
4. Market Expansion: The market is expected to surge by 70 basis share points (BPS) in H1-2022 compared to H1-2021, driven by the rising demand for passive temperature-controlled packaging in perishable food products.

Impact of Pharmaceutical Industry Expansion:

The expansion of the pharmaceutical industry is anticipated to significantly influence the passive temperature-controlled packaging solutions market. Factors contributing to this impact include:

• Increasing Demand: Pharmaceutical products are increasingly being shipped over longer distances, necessitating optimal temperature handling during transit. The outsourcing of clinical trial supply and logistics across regions like the USA and Asia Pacific is further driving the demand for passive temperature-controlled packaging solutions.
• Clinical Trial Supply: The outbreak of COVID-19 has led to a surge in clinical trial supply and logistics activities, emphasizing the need for rigorous temperature-controlled packaging. Products manufactured for the treatment of rare diseases often require strict temperature control to maintain the integrity of the active ingredients.
• End-Use Growth: The pharmaceutical, biotechnology, and medical device industries extensively utilize passive temperature-controlled packaging solutions, with growth in these sectors expected to drive demand for such products.

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Increasing Demand for Passive Temperature-Controlled Packaging Solutions in the Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

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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

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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