26-Feb-2020 | Facts and Factors
Facts and Factors has authored “Passive Temperature-Controlled Packaging Solutions Market By Product (One-way, Returnable), Temperature range (Below -20 Degree, -20 to 0 Degree, 0 to 15 Degree and 15 to 25 Degree) and By Application (Food & Beverages, Healthcare, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”.
According to Facts and Factors Analysis, the global Passive Temperature-Controlled Packaging Solutions market was valued at USD 272.5million in 2019 and is anticipated to foresee a significant double-digit growth of around 6.4% to generate revenues worth USD 420.87million by the end of 2026.
Browse the full “Passive Temperature-Controlled Packaging Solutions Market By Product (One-way, Returnable), Temperature range (Below -20 Degree, -20 to 0 Degree, 0 to 15 Degree and 15 to 25 Degree) and By Application (Food & Beverages, Healthcare and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/passive-temperature-controlled-packaging-solutions-market-by-product
Passive temperature controlled packages are normal water-based thermal insulated containers. Passive temperature controlled packaging systems don’t rely on external power sources. Passive temperature controlled packaging systems depend on initial and final temperatures od the product. Passive temperature controlled packages are insulated with polystyrene, polyurethane or vacuum insulated panels. The manufacturer creates a thermally insulated container by using gel packs or various phase change materials. Combined with insulated materials, passive temperature controlled packages provide required temperature control range. Passive temperature controlled packages can be used for reverse logistics capabilities, also supplier can re-use the packages for product return and redistribution. These packages doesn’t regulate the temperature, they offer autonomy. Passive temperature controlled packaging solutions are used for drug delivery, air transport, etc. But these systems are best suited for materials shipped within short transition period. Passive temperature controlled packages are less expensive than active temperature controlled packages.
Increasing demand for temperature-controlled packaging solutions by the pharmaceutical industry, healthcare sector for effective transportation of medicines and vaccines under exacting temperature ranges. Growing demand for preserving and maintaining the usability of products like food and beverage items. This demand is likely to propel the growth of the passive temperature-controlled packaging solutions market. Furthermore, rapidly increasing processed food industry is anticipated to create more opportunities for the market. The growing coalition of companies contributing to the global platform's cold storage and cold chain sector is projected to boost the market for passive temperature-controlled packaging solutions. In fact, passive temperature-controlled packaging solutions are perceived to be more durable than active temperature-controlled packaging solutions. The product's economic nature and efficient production capabilities both provide tailwinds for market growth. Passive temperature-controlled packaging do not reply to the external power source for its functioning. It is dependent on the thickness of thermal insulation. The system maintains a short range of temperature range for 36-48 hrs. As a result, these packages must be shipped overnight or should have a low transit period to ensure the temperature of the payload is maintained.
Based on the type, the market is segmented into One-way and Returnable. The use of reusable passive temperature-controlled packaging solutions in both food and pharmaceutical logistics in order to reduce waste is rising, and some corporations adopting greener packaging materials is likely to create further opportunities for reusable passive temperature-controlled packaging solutions market in years ahead. Moreover, increasing urbanization and technological advancements in developing countries are boosting food, pharmaceutical, the logistical industry is likely to proliferate the growth of reusable passive temperature-controlled packaging solutions market. Based on the temperature range segment, the market is segmented into Below -20 Degree, -20 to 0 Degree, 0 to 15 Degree and 15 to 25 Degree.0-15 degree segment is likely to dominate in the near future. This is majorly due to the considerable use of this segment for different applications. 0-15 degree segment has significant applications in the pharmaceutical and pharma industry. Based on the application segment, the market is segmented into food & beverages, healthcare, others.
Regionally, in terms of revenue, North America is anticipated to dominate the market during the forecast period followed by Europe. Strongly established pharmaceutical industry and the presence of major players in the region are anticipated to propel the market growth in the region. Increasing demand for temperature-controlled packaging solutions for the pharmaceuticals market in Europe is likely to spur the market growth in the near future. Asia Pacific is likely to grow at the fastest CAGR in the near future. The market in Latin America is expected to expand at considerable. CAGR owing to the increasing investment of major players in the region.
Some of the essential players operating in the Passive Temperature-Controlled Packaging Solutions market, but not restricted to include Pelican BioThermal LLC, Sonoco Products Company, Cold Chain Technologies, Inc., FedEx Corp., AmerisourceBergen Corp., Deutsche Post AG (DHL), Softbox, va-Q-tec AG, Saeplast, SofrigamSA Ltd., Snyder Industries Inc., ACH Foam Technologies, LLC, Cryopak, Inmark Packaging, Tempack among others.
The taxonomy of the Passive Temperature-Controlled Packaging Solutions Market by its scope and segmentation is as follows:
Global Passive Temperature-Controlled Packaging Solutions Market: ByTypeSegmentation Analysis
Global Passive Temperature-Controlled Packaging Solutions Market: By Temperature RangeSegmentation Analysis
- Below -20 Degree
- -20 to 0 Degree
- 0 to 15 Degree
- 15 to 25 Degree
Global Passive Temperature-Controlled Packaging Solutions Market: By ApplicationSegmentation Analysis
- Food & Beverages
Global Passive Temperature-Controlled Packaging Solutions Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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