Rise in Export of Temperature Sensitive Products to Steer Europe Temperature Controlled Packaging Solutions Market Past US$ 6.9 Billion by 2033 | Future Market Insights, Inc.
NEWARK, DE / ACCESSWIRE / January 30, 2023 / According to Future Market Insights' latest report, Europe temperature controlled packaging solutions market is forecast to be valued at US$ 3.9 billion in 2023. Total sales of temperature-controlled packaging solutions across Europe are slated to increase at 7.3% CAGR between 2023 and 2032, taking the market valuation to US$ 6.9 billion by 2033.
Increasing export of temperature-sensitive products such as food & beverages and pharmaceuticals and rising demand for efficient packaging solutions for transporting perishable food products are key factors driving Europe's temperature controlled packaging solutions industry. temperature-controlled packaging solutions Shipping of temperature-sensitive products requires protection from undesired weather and other unpredictable factors all while ensuring a constant temperature range. For this purpose, companies across European countries employ temperature-controlled packaging solutions.
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The supply chain of pharmaceuticals is complex and requires various minute details to be addressed at the time of transportation and delivery. Pharmaceutical products require different temperature ranges during storage and transportation. Growing demand for various medicines along with an increasing focus on protecting the integrity of temperature-sensitive pharmaceuticals during transportation and shipping is expected to boost Europe's temperature controlled packaging solutions market during the forecast period.
Demand for frozen food is growing rapidly across the world, with Europe accounting for around 40% share of the market. Insulated shipping containers are mainly used for exports and imports of frozen foods products in bulk quantities across European countries. Hence, rising consumption and export of frozen foods
will continue to fuel temperature controlled packaging solution sales across Europe over the next ten years.
Similarly, the growing popularity of rented temperature controlled packaging solutions is positively influencing market expansion. Several pharma and food businesses opt for renting or leasing temperature controlled containers and shippers as per their requirements. This will create lucrative opportunities for temperature controlled packaging solution manufacturers.
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Key Takeaways from Europe Temperature Controlled Packaging Solutions Market
Europe's temperature controlled packaging solutions market is forecast to expand at 7.3% CAGR between 2023 and 2033.
By system type, the passive segment holds a significant share of the Europe temperature controlled packaging solutions market.
Based on product type, insulated containers segment remains the most remunerative category in the market.
By end use, food, beverages, and pharmaceutical segments collectively hold a prominent share of the Europe temperature controlled packaging solutions industry.
Germany is anticipated to account for about 21.8% share of the Europe market by the end of 2033.
France holds around 16.8% share of Europe's temperature controlled packaging solutions industry.
"Temperature-controlled packaging solutions are gaining enormous market acceptance across Europe since these shippers and containers are designed according to the logistical and regulatory constraints persisting to the transportation of perishable products via cold chain and guarantee a constant temperature irrespective of the transit mode, route or condition," says an FMI analyst
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Who is Winning?
Sonoco Products Company, OLIVO Cold Logistics, Snyder Industries Inc., Pelican BioThermal LLC, and GEBHARDT Logistic Solutions GmbH are leading players in the market
These companies are developing new innovative temperature-controlled packaging solutions as well as introducing rental programs to provide temperature-controlled packaging solutions at a lower cost as compared to their competitors.
Europe Temperature Controlled Packaging Solutions Industry by Category
By System Type:
By Product Type:
Others (Mailers, Gel Packs, etc.)
By End Use:
Cosmetics & Personal Care
Table of Content
1. Executive Summary | Europe Temperature Controlled Packaging Solutions Market
1.1. Europe Market Outlook
1.2. Regional Market Outlook
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Development Trends
4. Market Demand (in Value US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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