Temperature Controlled Packaging Solutions Market Overview:
The active temperature controlled packaging solutions are widely used because they allow the transport of all sizes of items that are sensitive to temperature. A solution of passive packaging with temperature control allows massive transport at a lower cost. The passive packing generated the highest share in 2016 in the global temperature control packaging industry and is expected to grow at an accelerated rate during the forecast period due to its reuse and high level of technology. The Global Temperature Controlled Packaging Solutions Market is predicted to reach USD 11.78 Billion USD by 2022 growing at a significant CAGR of 9.5%during 2017 to 2022.
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Temperature Controlled Packaging Solutions Market Drivers and restraints:
The growth in the food and beverage sector, the greater consumption of canned foods, the emergence of new technologies, globalization and the greater movements of control over the waste of products are driving the market for controlled temperature packaging solutions. In addition, the growth of emerging economies, such as the Asia-Pacific region and LAMEA, and the healthcare sector are creating opportunities in the global market for temperature controlled packaging solutions. Furthermore, the development in the logistics and the easy availability of various products at affordable prices on the internet are supporting the market expansion. However, the high investment and maintenance costs and the low incidence in rural areas are holding back the growth of the global market.
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Temperature Controlled Packaging Solutions Market Geographical segmentation:
Geographically, the temperature-controlled packaging solutions market is being analyzed in North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Some of the Major Players in this Temperature Controlled Packaging Solutions Market are:
Pelican BioThermal LLC (United States), Sonoco Products Company (United States), Cold Chain Technologies, Inc. (United States), FedEx Corp. (United States), AmerisourceBergen Corp. (United States) and Deutsche Post AG (DHL) ( Germany). These players, with a strong global presence, are focusing on increasing the supply of more advanced temperature controlled packaging solutions to meet the growing demand from end-use industries in the Asia-Pacific and North American regions.
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