This report provides an analysis of the global passive temperature controlled packaging market for the period 2020-2026. The report offers an overview of the market, its drivers and restraints, current trends, and the competitive landscape. The report also provides an analysis of the various segments of the market, including the type, application, and region. Furthermore, the report includes a detailed analysis of the impact of the COVID-19 pandemic on the market.
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The global passive temperature controlled packaging market is anticipated to register a CAGR of 5.2% during the forecast period, 2020-2026. The growth of the market is primarily driven by the growing demand for cold chain logistics, the increasing demand for temperature-sensitive products, and the growing popularity of online retailing.
However, the high cost of these packages and the lack of technological advancement in some regions are expected to restrain the growth of the market.
The report also provides a detailed analysis of the key players in the market, including Cryopak, Sonoco Products Company, Cold Chain Technologies, Inc., Packaging Corporation of America, and American Aerogel Corporation.
Introduction
Passive temperature controlled packaging is the type of temperature-controlled packaging used to protect a product from extreme temperatures. Passive temperature controlled packaging is designed to maintain the temperature of a product during transport, allowing it to remain unharmed at optimal temperatures. This type of packaging is used for products that require a specific temperature range in order to remain safe, such as medicines and food products.
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Market Dynamics
The growing demand for cold chain logistics, the increasing demand for temperature-sensitive products, and the growing popularity of online retailing are some of the major factors driving the growth of the global passive temperature controlled packaging market. Furthermore, the growing awareness about these packages and the increasing use of advanced technologies are also expected to fuel the growth of the market.
On the other hand, the high cost of these packages and the lack of technological advancement in some regions are expected to restrain the growth of the market.
Market Segmentation
The global passive temperature controlled packaging market is segmented on the basis of type, application, and region.
By type, the market is segmented into gel packs, insulated boxes, cold chain containers, and others.
By application, the market is segmented into food and beverages, pharmaceuticals, and others.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
The global passive temperature controlled packaging market is anticipated to register a CAGR of 5.2% during the forecast period, 2020-2026.
North America is anticipated to be the largest market for passive temperature controlled packaging, due to the increasing demand for temperature-sensitive products and the growing popularity of online retailing. The growing demand for cold chain logistics and the increasing use of advanced technologies are also expected to fuel the growth of the market in this region.
Competitive Landscape
The report includes an analysis of the key players in the market, including Cryopak, Sonoco Products Company, Cold Chain Technologies, Inc., Packaging Corporation of America, and American Aerogel Corporation.
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Conclusion
The global passive temperature controlled packaging market is anticipated to register a CAGR of 5.2% during the forecast period, 2020-2026. The growing demand for cold chain logistics, the increasing demand for temperature-sensitive products, and the growing popularity of online retailing are some of the major factors driving the growth of the market.