Le Lézard
Classified in: Health, Covid-19 virus
Subjects: SVY, MRR

Passive Temperature Controlled Packaging Market to Reach $24.4 Billion, Globally, by 2031 at 9.1% CAGR: Allied Market Research


The growth in the global population, especially the geriatric population, and increasing number of communicable and non-communicable diseases are playing a crucial role in propelling the pharmaceutical industry. This is increasing the demand for prescription and non-prescription drugs which are labeled as temperature-sensitive owing to their critical nature. Such factors drives the growth of the global passive temperature controlled packaging market.

PORTLAND, Ore., Jan. 31, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Passive Temperature Controlled Packaging Market by Product Type (Insulated Shippers, and Insulated Containers), Business (Warehousing, and Transportation), and Application (Food and Beverages, Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031." According to the report, the passive temperature controlled packaging market size was valued at $10,286.1 million in 2021 and is projected to reach $24,462.0 million by 2031, registering a CAGR of 9.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, regional landscapes, and competitive scenarios.

AMR Logo


Download Free Sample Report (263 Pages PDF with Insights, Charts, Tables, Figures):  https://www.alliedmarketresearch.com/request-sample/32106

Drivers, Restraints, and Opportunities-

Various countries such as South Africa, South Korea, India, and others are investing heavily in life sciences R&D; thereby, increasing the demand for clinical trial supplies, lab samples, APIs, vaccines, and others. Witnessing such growth, various companies are expanding their businesses in this sector. The food & beverage and pharmaceuticals industry produce many perishable products that are sensitive to high temperatures, such as ice creams, beverages, fruits, medicines, vaccines, and others. Transporting such items require passive temperature-controlled packaging to prevent the spoilage of the goods. Thus, the rise of the above-mentioned industries that extensively use passive temperature controlled packaging is anticipated to drive the growth of the passive temperature controlled packaging market during the forecast period.

Covid-19 scenario-

The insulated containers segment to maintain its dominance in 2021

On the basis of product type, the insulated containers segment accounted for the highest market share in 2021, owing to its large-scale usage, which is fueled by increasing international trade. The demand for insulated shipper is expected to rise owing to their critical role in maintaining conducive temperatures for a smaller volume of items during transportation.

Buy this Research Report @ https://bit.ly/3kZARZG

The transportation was largest segment based on revenue in 2021

On the basis of business, the transportation segment accounted for the highest revenue in 2021, owing to growing global trade. The export/import market has been positively affected largely due to rapid globalization. Furthermore, in the last decade, the e-commerce industry especially the sector involved in grocery, medicine, and food delivery has witnessed significant growth. Such factors drives the growth of the global passive temperature controlled packaging market.

Asia-Pacific garnered the major share in 2021-

Asia-Pacific dominated the market in 2021, accounting for the highest share, and the same is anticipated to grow at the highest CAGR during the forecast period. Major countries, such as India and China, are involved in the manufacturing of pharmaceutical drugs. In addition, according to the 'Guidelines on Good Distribution Practices for Pharmaceutical Products' set up by the Central Drugs Standard Control Organization of India, pharmaceutical products shall be stored and transported in packaging that can maintain temperature as specified by the manufacturer. Such government regulations positively affect the passive temperature controlled packaging market.

Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/32106

Leading Market Players-

The report analyzes these key players in the global passive temperature controlled packaging market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

Trending Reports in Passive Temperature Controlled Packaging Industry (Book Now with 10% Discount):

Global warehouse automation market is projected to reach $57.6 billion by 2031.

Global sachet packaging market is projected to reach $15.5 billion by 2031.

Global cosmetic packaging market projected to reach $55.9 billion by 2030.

Global anti-corrosive packaging market is projected to reach $1223.6 million by 2031.

Global retail ready packaging market is projected to reach $107.8 billion by 2031.

Vaccine Storage and Packaging Market - Global Opportunity Analysis and Industry Forecast, 2021-2030

Retort Packaging Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg


These press releases may also interest you

at 09:50
The "Thailand Construction Equipment Rental Market - Strategic Assessment & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Thailand construction equipment rental market is expected to reach a value of $428.7...

at 09:25
The "Global Immune Health Supplements Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The global immune health supplements market was valued at $20.80 billion in 2022 and is expected to reach...

at 09:15
Vaccines are one of the most significant public health achievements in modern history, playing a vital role in helping to prevent certain infectious diseases and protect communities across the globe.Unfortunately, the COVID-19 pandemic brought forth...

at 09:05
...

at 09:00
Coveo , a leading provider of enterprise AI Search, Recommendations and Generative Experience platforms that enable individualized, connected, and trusted digital experiences at scale with unified relevance, today announced two new GenAI business...

at 08:49
Cove Capital Investments reviews and analyzes nearly every type of asset class available for Delaware Statutory Trust investors.  This list of potential DST property asset classes includes government leased buildings, self-storage facilities,...



News published on and distributed by: