Temperature Controlled packaging solutions is for highly temperature sensitive shipments or products so that they are in the same form as and when they would arrive their destination. Temperature controlled packaging solutions ensures that the shipment of any product arrives in the perfect condition with no damage of the product and the product is still in the saleable and usable condition. Temperature is controlled in a container or in a refrigerator considering products specifications. Temperature controlled packaging solutions have various advantages like a high degree of protection and security of products, various temperature ranges can be maintained or accommodate, reliable thermal performance.
Temperature controlled packaging solution is important for various industries like pharmaceutical and food and beverages where products are perishable in nature and it has to be delivered in extreme conditions. Temperature controlled packaging solutions can be used while shipping live tissue products like donor organs, medicines, blood transfers, clinical trial distribution, food and beverage products. In temperature controlled packaging, temperature can be checked by various temperature controlled devices such as temperature indicators and data loggers. Recently, Sofribox has come up with a new container whose weight has been reduced to save the logistic cost. Cryopak, a company providing chain packaging solutions, expanded its testing centre in Edison, New Jersey, to increase its performance in thermal and dynamic performance testing.
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Temperature Controlled Packaging Solutions Market: Drivers & Restraints
Technological advancement, increase use in applications like pharmaceuticals and food and beverages, increase demand for packaged food, urbanization, change in lifestyle are the most important driving factors in temperature controlled packaging solutions market. Since temperature controlled packaging solutions maintains the hygiene and nature of the product despite of any weather condition or transportation problem, the demand for temperature controlled packaging solutions has increased regardless of the geographical location.
High maintenance and service cost, import/export regulations while manufacturing, high investment in the temperature controlled packaging products, time consuming process for equipment and product check while dispatching for the quality auditor, which sometimes become a very tedious and an ongoing process for transport companies, less presence of temperature controlled packaging solutions in rural areas including developed nations are acting as a barrier for real-time e-healthcare system market.
Temperature Controlled Packaging Solutions Market: Segmentation
Temperature controlled packaging solutions is broadly classified on the basis of the following segments –
- Insulated Shippers
- Insulated Containers
- Food and Beverages
- Others(Clinical Trials/Biomedical Sector)
Temperature Controlled Packaging Solutions Market: Overview
The temperature controlled packaging solutions has grown substantially at a healthy CAGR due to increase in pharmaceutical and food and beverage industry. With rapid technological advancement and innovation, temperature controlled packaging solutions market is expected to grow globally. Asia Pacific will emerge as the fastest growing region in temperature controlled packaging solutions market.
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Temperature Controlled Packaging Solutions Market: Region-wise Outlook
The temperature controlled packaging solutions is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, temperature controlled packaging solutions market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market due to the increase sale of pharmaceutical products and rising disposable income. Increase demand of cloud computing from the developed nations like Europe and North America may also increase the demand for real-time e-healthcare systems by the end of forecast period.
Temperature Controlled Packaging Solutions Market: Key Players
Some of the key market players in temperature controlled packaging solutions market are Intelsius, Blue Dart, Cold Chain Technologies, Inc.,Biotempak, Kryotec, Tempack, World Courier, Envirotainer, Cryopak, DHL.
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