Global Temperature Controlled Packaging Market: Overview
Temperature-controlled packaging is specifically designed to maintain proper temperature of sensitive products. This type of packaging acts as a shield to protect products from damage or blemish. Many companies use temperature-controlled packaging to prevent food products, healthcare products, dairy products, and other heat-sensitive products in extreme weather conditions. The aim of many vendors is to deliver products in fresh form until they used; hence this packaging is much effective. This packaging is more useful for maintaining the phase of the liquid material such as dry ice and water. Temperature-controlled packaging provides the better solution for varied temperatures, high-degree protection, and reliable thermal performance. For instance, a new temperature-controlled packaging solution, Cocoon, by World Courier is said to reduce transport costs and balance temperatures up to 40% longer, comparatively. This Cocoon comprises honeycomb vacuum-insulated panels and is workable in 3 temperature ranges: −15 to −25 degree, 2 to 8 degree, and 15 to 25 degree.
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Global Temperature Controlled Packaging Market: Growth Factors
Temperature-controlled packaging has its application in various fields such as pharmaceutical, food and beverages, and others to prevent the original content until it is reached to its respective end-user; this factor is expected to positively impact the market growth. However, developing technology and reusable packaging is expected to foster the market growth in the coming years. Conversely, delivery of the drugs and syringes for the long journey is the biggest challenge for the temperature-controlled packaging market. Food and beverages and pharma products are perishable in nature; hence, they need to be stored in cool place. Temperature-controlled packaging solutions are used to transport of clinical trial distribution products, medicines, donor organs, blood transfers. These factors are anticipated to drive the global market growth in future.
Global Temperature Controlled Packaging Market: Segmentation
The global temperature-controlled packaging is segmented on the basis of the product as insulated containers, insulated shippers, refrigerants, and others. Of which, insulated containers segment is one of the leading product segments. Based on the application, the global market is categorized as food and beverages, biomedical sector, pharmaceuticals, and others. The pharmaceutical industry is the dominating application segment in the global market owing to timely delivery of the drugs and syringes without compromising with quality.
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Global Temperature Controlled Packaging Market: Regional Analysis
North America accounts for the largest market owing to its higher demand for temperature-controlled packaging. Europe is also an emerging market for temperature-controlled packaging due to growing healthcare sector and cloud computing which is anticipated to boost the global market in this region. Moreover, Asia Pacific is anticipated to witness remarkable growth in the pharmaceutical industry due to increasing disposable income and sale of pharmaceutical products, further enhancing the market growth in the future.
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Global Temperature Controlled Packaging Market: Competitive Players
Some of the major players dominating the global temperature-controlled packaging market include Cryopak, Intelsius, Cold Chain Technologies, Inc., Envirotainer, Blue Dart, Kryotec, Tempack, World Courier, DHL, Biotempak, and others.
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