Global Passive Temperature Controlled Packaging Market Growing on Account of Steady Demand from Food and Beverage Industry

Published on : Dec 20, 2017

Albany, New York, December 20, 2017: According to a new research report added to the repository of Market Research Hub (MRH), the global passive temperature-controlled packaging market is likely to reach a valuation of nearly US$ 18 Bn in revenues. The report “Passive Temperature-Controlled Packaging Solutions Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 – 2027” offers in-depth insights and analysis on the passive temperature controlled packaging market globally.

Growing focus on delivering food products without compromising on the quality and nature of food products is likely to drive the market for passive temperature-controlled packaging market during the assessment period. Various food and pharma products are highly sensitive to changes in temperature, and wear and tear, which is likely to boost the adoption of passive temperature controlled packaging during the assessment period.

The report offers detailed insights and analysis on the temperature controlled packaging market. The segment-wise analysis helps readers in understanding the attractive and moderately growing segments in the market. On the basis of product type, the market has been segmented into insulated shippers and insulated containers. On the basis of application, the market has been segmented into frozen, ambient, and chilled. The key end-use industries of the temperature controlled packaging market include pharmaceutical, food & beverage, and others.

According to the report, food and beverage is one of the leading end-use industries for passive temperature-controlled packaging market globally. The food and beverage industry is growing at a brisk pace in many countries, and there has been a greater emphasis on providing utmost care and quality of temperature-sensitive products to end-users. Manufacturers across the value chain are focusing on developing temperature controlled packaging to boost their position in the market. According to the report, revenues from this segment are likely to grow at a CAGR of over 8% throughout the forecast period.

Sales of insulated containers are likely to rake in over US$ 4.3 billion in revenues. This segment is also growing on account of the flexibility and affordability it offers to end-users. The insulated containers segment of the passive temperature controlled packaging market is likely to reach a valuation of US$ 4.3 billion in revenues.

Some of the leading companies profiled in the report include Sonoco Products Company, Cold Chain Technologies Inc., Pelican Biothermal LLC, Saeplast Americas Inc., Snyder Industries, Inc., Cryopak Industries Inc., Inmark, LLC, Sofrigam SA Ltd., va-Q-tec AG, Tempack Packaging Solutions S.L., ACH Foam Technologies, LLC, EcoCool GmbH, American Aerogel Corporation, Exeltainer SL, Inno Cool India Private Limited, Softbox Systems Ltd., Rak Associate, Softbox Systems Ltd., GEBHARDT Logistic Solutions GmbH, and TKT GmbH.

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