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“Temperature controlled packaging solutions market is projected to grow at a CAGR of 9.7%”
The temperature controlled packaging solutions market is projected to reach USD 11.82 billion by 2021, at a CAGR of 9.7% from 2016 to 2021. Growth in the pharmaceuticals industry is helping create a demand for temperature controlled packaging solutions. However stringent rules & regulations formulated by government agencies are expected to restrain the temperature controlled packaging solutions market.

“Active systems segment to register the highest growth in the temperature controlled packaging solutions market”
Active temperature controlled packaging solutions are insulated containers which encompass a dedicated refrigeration unit installed onboard. These systems are of two types, systems with only cooling function and systems with both cooling and heating functions. As these containers are offered on lease, companies worldwide are increasingly adopting active temperature controlled packaging systems, which, in turn, is driving the growth of this segment.

“Insulated containers segment to register the highest growth in the temperature controlled packaging solutions market”
By product, the insulated containers segment is anticipated to grow at the highest CAGR during the forecast period owing to increasing demand for active insulated containers for large shipments. Insulated containers are used in applications that involve a long transit time. Increasing use of insulated containers, which encompass an onboard refrigeration system, in the healthcare industry is driving the growth of the insulated containers product segment.

"Healthcare segment to register the highest growth in the temperature controlled packaging solutions market”
Temperature controlled packaging systems help in the storage of medicines, syringes, and drugs at a constant temperature. As the packaging of pharmaceutical products is a very tedious process, the drug needs to be processed and packaged in a temperature controlled environment that needs to be maintained till the product reaches its final destination. The food & beverages industry is the largest end-use industry of the temperature controlled packaging solutions market.

“The temperature controlled packaging solutions market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period”
The Asia-Pacific temperature controlled packaging solutions market is projected to grow at the highest CAGR from 2016 to 2021. The increase in demand for insulated packaging materials, especially from the healthcare industry, is propelling the growth of the temperature controlled packaging solutions market in the Asia-Pacific region. China and Japan are the two major countries which are expected to register the highest CAGR during the forecast period.

BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS:

  • By Company Type: Tier 1 - 33 %, Tier 2 - 50%, and Tier 3 - 17%
  • By Designation: C Level - 58%, Director Level - 25%, and Others - 17%
  • By Region: Europe - 34%, North America - 25%, , Asia-Pacific - 25%, Middle East & Africa - 8%, and Latin America – 8%.

Major companies profiled in this report include Pelican BioThermal LLC (U.S.), Sonoco Products Company (U.S.), Cold Chain Technologies, Inc. (U.S.), FedEx Corp. (U.S.), AmerisourceBergen Corp. (U.S.), and Deutsche Post AG (DHL) (Germany).

Research Coverage:
This report offers an overview of the market trends, drivers, and barriers with respect to the temperature controlled packaging solutions market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the temperature controlled packaging solutions market on the basis of type, product, end-use industry, and region. A detailed analysis of the leading players, along with the key growth strategies adopted by them is also covered in the report.

Reasons To Buy the Report:
This report covers the following key aspects:

  • The market size by 2021, and the growth rate from 2016 to 2021
  • The key market trends
  • The factors expected to drive the growth of the market
  • The barriers that impact market growth
  • The key players in this market
  • The global temperature controlled packaging solutions market report covers key regions, such as North America, Europe, and Asia-Pacific, Middle East & Africa, and Latin America including major countries in these regions, such as the U.S., China, South Korea, India, and Germany.