PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342663
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342663
According to SPER Market Research, 'Cold Chain Packaging Market Size- By Product Type, By Application, By Material - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Cold Chain Packaging Market is predicted to reach USD 72.39 billion by 2033 with a CAGR of 11.13%.
A specialised method of packing and shipping goods that must be kept at specific temperatures to remain safe and effective is known as "cold chain packaging." It acts as a shield to keep commodities that are sensitive to temperature, such medications, vaccinations, and perishable foods, safe when they are transported from factories to retail locations or individual homes. To keep things at the proper temperature, cold chain packing includes insulated materials, coolants like ice packs, and temperature sensors.
Due to the COVID-19 epidemic, demand for temperature-controlled logistics and packaging solutions increased because of the immediate requirement for vaccines and medical supplies. Companies had to adjust fast to ensure the secure delivery and storage of COVID-19 vaccines, which resulted in significant investments in cold chain infrastructure and temperature-monitoring equipment. The pandemic also changed consumer behaviour, causing a move towards online shopping and e-commerce and increasing the demand for dependable cold chain packaging for perishable commodities.