The Europe Passive Temperature Controlled Packaging Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
The material that is used in the passive temperature-controlled packaging offers a high level of thermal protection to temperature-sensitive items for a longer time period. In addition, a set of controlled temperature exposures may be needed to avoid the risk of damaging the temperature of the product while packaging. The preparation of material for passive temperature-controlled packaging systems needs regulated temperature space.
The material required in a passive temperature packaging system can take many days or weeks to get prepared. The quantity of the passive temperature packaging system that can be dispatched depends upon the capacity of the preparation spaces. The passive temperature packaging system provides versatility to ship a specific temperature-sensitive item to various desired locations, yet the process needs preparation at the location of dispatching.
The ideal passive system can be used for the protection of temperature-sensitive pharmaceutical items by a deep understanding of temperature-controlled packaging requirements. The growing adoption of digitization in the passive temperature-controlled packaging market has helped the manufacturer to reduce operational charges and decrease the need of manual checks.
The United Kingdom has created a core biopharma industry with a EUR 36.7 billion annual turnover and a EUR 18.4 billion service and supply chain business in 2019. The strong pharmaceutical sector in the area, which is home to several large pharmaceutical corporations, is anticipated to drive demand for advanced packaging solutions for temperature sensitive pharmaceutics, which is likely to support the market growth for passive temperature controlled packaging in Europe region.
The Germany market dominated the Europe Passive Temperature Controlled Packaging Market by Country in 2021; thereby, achieving a market value of $1,133.6 Million by 2028. The UK market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 9.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Passive Temperature Controlled Packaging Market will Hit $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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