Passive Temperature-Controlled Packaging Solutions Market Sales, Demand, Business Growth and Innovation 2031

ByNiranjan karde

The global passive temperature-controlled packaging solutions market is experiencing significant growth, with an estimated valuation of US$ 10.6 billion in 2021. This market is anticipated to see robust expansion, with sales projected to increase at a remarkable 9.1% compound annual growth rate (CAGR) from 2021 to 2031. In 2021, the overall market is forecasted to grow at a year-on-year (YoY) rate of 9.0%.

Regionally, Asia Pacific excluding Japan is poised to dominate this market, accounting for more than 23.9% of the total market share in 2021. Meanwhile, the USA’s passive temperature-controlled packaging solutions market is expected to register a 7.7% YoY growth in 2021, with North America as a whole reaching US$ 2.1 billion in sales.

Access Our Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-5073

Passive temperature-controlled packaging solutions have solidified their position, constituting approximately 80% of the total temperature-controlled packaging solutions market, exceeding US$ 1.1 billion in 2020. This remarkable growth is driven by the increasing need for temperature-sensitive shipping and storage solutions across various industries, such as pharmaceuticals, food, and healthcare.

Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

  • Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
  • In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
  • By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
  • The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

Ask our analyst now: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5073

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