The Asia Pacific Passive Temperature Controlled Packaging Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
The continuous development in passive temperature packaging technologies, rising demand for perishable food items such as dairy, meat, and seafood, as well as the increasing need for pharmaceuticals are major factors promoting the development of the passive temperature controlled packaging market. The passive temperature controlled packaging solution are becoming highly popular among the manufacturers of food & beverages that are highly sensitive to temperature change but does not need strict temperature control.
Therefore, the key players in the food & beverages industry are largely investing money in the development of technologies and making the passive temperature-controlled packaging system more affordable. Nowadays, many improvements have been seen in the delivery service of temperature-sensitive products. The capacity of the earlier packaging technologies has been surpassed by novel technologies to enhance the delivery of temperature-sensitive products, which earlier technologies were not capable of doing so.
The service providers of passive temperature controlled packaging have introduced various devices to reach the farthest places to deliver sensitive products. With the utilization of GPS trackers, temperature sensors, PCMs, new insulation capacity, and many other devices, the passive temperature-controlled packaging systems are becoming much smarter and improved. The advancements in the passive temperature controlled packaging market have saved the lives of so many peoples by delivering essential pharmaceutical products such as vaccines, blood, and other biosimilars.
The government of India has launched a scheme called Krishi Udan, according to which perishable food products from hilly states and tribal regions will be transported all over the country. The government of India will also endorse and build an integrated cold chain in the country for perishable agriculture and horticulture products. The scheme will support the usage of technologies such as passive temperature controlled packaging.
The China market dominated the Asia Pacific Passive Temperature Controlled Packaging Market by Country in 2021; thereby, achieving a market value of $2,313.8 Million by 2028. The Japan market is registering a CAGR of 8.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.6% during (2022 - 2028).
Based on Product Type, the market is segmented into Insulated Containers and Insulated Shipper. Based on Business, the market is segmented into Transportation and Warehousing. Based on End Use, the market is segmented into Food & Beverages, Pharmaceuticals and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Passive Temperature Controlled Packaging Market is Projected to reach USD 18.1 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sonoco Products Company, Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, AmerisourceBergen Corporation, Cold Chain Technologies (Aurora Capital Partners), Csafe Global (Softbox Systems), Sofrigam S.A., Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.), Intelsius (DGP Group) and Peli BioThermal Limited (Pelican Products, Inc.)
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