The global temperature-controlled packaging boxes market is anticipated to accumulate a market value of US$ 11.81 billion in 2023. It is expected to garner a valuation of US$30 billion by exhibiting an annual growth rate of 9.7 percent between the forecast period 2023 to 2033. The temperature-controlled packaging boxes market grew eight percent CAGR from 2018 to 2022.
Rising demand for temperature-controlled packaging boxes across various industries like food and beverages, pharmaceuticals, chemicals, and others will drive market growth during the forecast period. In the pharmaceuticals sector, these boxes transport medicines at a specific temperature necessary to protect the product from damage.
The temperature-controlled packaging boxes usually have insulated inner bodies, which helps maintain the temperature of the internal contents. This has popularised the growing use of vacuum panel insulation with stage modification materials that may extend the shelf life of pharmaceutical products.
Additionally, these boxes are used in the food and beverages sector to preserve the shelf life of frozen foods such as meat bakeries and others. Thus, the increasing adoption of cold chain packaging solutions in various sectors will drive market growth during the assessment period.
The growth of the e-commerce industry will increase the demand and sales of the insulated packaging. Minor e-commerce and food delivery platforms are significant contenders, as pandemic-led behaviour has resulted in packages being left outdoors for extended periods.
On the regional end, Asia Pacific is anticipated to dominate the market by commanding over 40 percent of the market share by the end of the forecast period (2023 - 2033), with an annual growth rate of 9.5 percent.
The worldwide temperature-controlled packaging boxes market is prevalent in Asia, with China holding the biggest market for cold chain development and the growing pharmaceutical industry increase in India, likely causing the market to transition to temperature-controlled packaging.
However, North America has a potential market for temperature-controlled packaging, and Europe’s increased disposable income will potentially increase growth in temperature-controlled packaging boxes.
