Global Passive Temperature Controlled Packaging Market

Passive Temperature Controlled Packaging Market Size, Share, Growth Analysis, By Product(Insulated Shipper and Insulated Container), By Application(Food & Beverage, Healthcare) - Industry Forecast 2024-2031

Report ID: SQMIG25A2236 | Region: Global | Published Date: April, 2024
Pages: 218 | Tables: 61 | Figures: 71

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Passive Temperature Controlled Packaging Market size was valued at USD 11.56 Billion in 2022 and is poised to grow from USD 12.62 Billion in 2023 to USD 25.33 Billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).

Pelican Biothermal and Softbox Systems have collaborated on a joint research and development program to innovate and develop innovative temperature-controlled passive packaging materials, designs and technologies. The partnership facilitated technology sharing, knowledge exchange and joint innovation, enabling both companies to introduce new products, improve existing supply chains and lead growth in product delivery. Key market players include DENNISON CORPORATION., 3M, BASF SE, Amcor plc, Honeywell International Inc and among others. 'Softbox Systems Ltd.', 'ACH Foam Technologies LLC', 'Inmark Packaging', 'American Aerogel Corporation', 'Snyder Industries, Inc.', 'Cryopak Industries Inc.', 'Marken', 'Envirotainer AB', 'Va-Q-Tec AG', 'Intelsius Ltd.', 'DGP Intelsius LLC', 'va-Q-tec AG', 'CSafe Global', 'DoKaSch Temperature Solutions GmbH', 'Temptime Corporation', 'Topa Thermal Packaging, LLC'

The passive temperature-controlled packaging market is expected to grow owing to the demand for processed and frozen food products across the globe. Due to changing lifestyles and busy times, the demand for frozen foods has increased globally. Time constraints are the most important issue in changing consumer preferences for ready meals. These frozen products require precise temperatures for delivery, frozen packaging is expected to increase as the consumption of frozen foods grows.

Advanced Insulation Materials and Phase Change Materials (PCMs): One of the key traits shaping the passive temperature-controlled packaging market is the development and adoption of advanced insulation substances and segment trade substances (PCMs). Innovations in materials technological know-how and engineering are leading to the improvement of high-overall performance insulation substances that offer superior thermal protection and longer temperature upkeep intervals. Additionally, the combination of PCMs into packaging solutions allows for extra unique temperature manipulation and prolonged temperature balance at some point of transit. These advancements are driving the development of next-era passive temperature-controlled packaging answers that could meet the more and more stringent necessities of temperature-touchy merchandise, specially within the pharmaceutical and biotechnology sectors.

North America dominated the market with more than 40% in revenue share. Thermal packaging is expected to continue to gain strong adoption in the healthcare industry in the United States and Canada. Additionally, the growth of pre-incinerated packaging is expected to increase due to the increasing demand for convenience foods in the US. in the workforce Growing demand for fresh fruits and vegetables is also driving the market in this country. Technological advances in packaging not only extend the shelf life of fruits and vegetables, but also preserve the nutritional value of finished products. There are many frozen food processors in the US. has created a huge demand for this product.

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