Market Research Report
Latin America Temperature Controlled Packaging Solutions Market Outlook, 2027
|Latin America Temperature Controlled Packaging Solutions Market Outlook, 2027|
Published: June 2, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 67 Pages
Delivery time: 1-2 business days
Temperature controlled packaging is also known as cold chain packaging. Temperature controlled packaging refers to the methods and design of the whole network or process for storage and transportation of the product. Temperature-controlled packaging solutions are expanding the ways to control the temperature of sensitive products. Nowadays, temperature tracking devices have also been introduced so that the quality of the product is maintained. Temperature-controlled packaging includes products that must be kept at room temperature and that must be protected from cold and heat. The temperature-controlled packaging market in Latin America is expected to grow in the forecast period. The temperature-controlled packaging market in Latin America is driven by the international trade in the region. International trade for perishable goods is the main factor that is the reason for the immense growth. The booming pharmaceutical sector is also the driving factor for the temperature-controlled packaging industry in Latin America. The perishable food supply in the region continues to be strong, and the need for the warehouses is increasing. These activities all require temperature-controlled packaging solutions. The export activities of the region are directly affected by the demand for the temperature-controlled packaging solutions market. The Latin American temperature-controlled packaging market is segmented into the two main countries, namely, Brazil and Argentina. Continuous improvements in temperature controlled packaging solutions and the use of advanced technology will result in a large market share of the region's temperature controlled packaging market.
According to the research report, "Latin America Temperature Controlled Packaging Market Outlook, 2027" published by Bonafide Research, the market is anticipated to grow at a 10.30% CAGR in terms of value during the forecast period. In Latin America, Brazil covers the highest portion of the market share in temperature controlled packaging, followed by Argentina. Brazil is considered the world's fastest growing economy. The export activity of Brazil is leading to the increasing demand for the temperature-controlled packaging market. The growth of the pharmaceutical industry and the export of pharmaceutical products are also the major factors that affect the growth of the temperature controlled packaging solutions market.
According to the report, based on the application, the market is divided into food, beverages, healthcare, and others. The food segment in the temperature-controlled market covers the largest portion of the market. The export activity and perishable food products need temperature-controlled packaging solutions. Changing lifestyles and consumption patterns also drive the demand for temperature-controlled packaging. The food segment is estimated to account for more than 30% of the market share in the forecast period. Based on usability, the market is segmented into single use and reuse. Industries are more focused on green initiatives and to reduce environmental impacts, they adopt the reusable segment in temperature-controlled packaging solutions. Temperature-controlled packaging solutions are more popular in the reuse segment. Based on the product type, market is segmented into insulated shipments and insulated containers. Insulated shippers cover the highest portion of the market share in the temperature-controlled packaging market. Based on the packaging type, the market is divided into active packaging and passive packaging. The market demand for passive packaging is constantly growing in the temperature-controlled packaging solutions market. The passive segment is the containers that protect the products from the external environment.
Firstly, because of COVID-19, the export activities of the country are largely affected. Then the temperature-controlled packaging solution helps to the export activities. The storage facilities for perishable food products accelerate the demand for temperature-controlled packaging solutions. Also, the transportation of drugs, vaccines, and medicines needs proper and efficient temperature-controlled packaging. Technological progress in temperature controlled packaging and supporting activities of the government and food chain supply in the region positively impacted the temperature controlled packaging market.
Deutsche Post AG, FedEx Corporation, United Parcel Service, Inc, AmerisourceBergen Corporation, Cardinal Health, Inc, Sonoco Products Company, Envirotainer AB, Sealed Air Corporation, VA-Q-TEC AG, Pelican Bio Thermal LLC, Sofrigam SA, American Aerogel Corporation, Cryopak Industries Inc, DGP Intelsius Limited, EcoCool GmbH, Inmark Global Holdings, LLC, TKT GmbH, Insulated Products Corporation, Aeris Group, Cryopak Industries Inc.
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to temperature controlled packaging solutions industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Latin America, Brazil, Argentina, Temperature controlled packaging solutions, Active packaging, Passive packaging, Insulated Containers, Insulated shippers, Cold chain, Beverages, Food, Chemicals, Pharmaceuticals, Healthcare