Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.2 Billion | USD 40.9 Billion | 12.5% | 2021 |
FrequentlyAsked Questions
The growing demand for temperature controlled packaging from the pharmaceutical and food & beverage sector is expected to drive market growth during the forecast period. Moreover, the recent outbreak of the COVID-19 pandemic provides a significant opportunity for market expansion over the forecast period.
According to the report, the global market size was worth around USD 14.2 billion in 2021 and is predicted to grow to around USD 40.9 billion by 2030 with a compound annual growth rate (CAGR) of roughly 12.5% between 2022 and 2030.
The global temperature controlled packaging market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the increasing demand from the pharmaceutical sector and the growing demand for frozen foods.
The global temperature controlled packaging market is dominated by players like Cold Chain Technologies, Sonoco Products Company, Va-Q-Tec AG, Pelican BioThermal Limited, Softbox, Sofrigam SA, Intelsius, Inmark Global Holdings, LLC, Envirotainer, FedEx, United Parcel Service of America, Inc., among others.
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