Temperature controlled containers are able to maintain temperatures to freeze, chill or heated levels according to the needs of the cargo or storage items inside refrigerated container. There are two basic types of temperature controlled container, namely, active temperature control container and passive temperature control container. Both containers enable the transportation of commodities, in the air, sea and on the ground.

In active temperature controlled container, machinery is integrated into to the back of the container or either runs on a generator when it is on wheels or rail, plugged into a power source when they are at the dock, on a ship, or plugged into a static electrical supply provided by a land based electrical supply, typically between 380V to 440V 3 phase.

The temperature controlled containers market has been growing significantly at a healthy CAGR of 7.5% due to an overall growth in food & beverages and healthcare industry across the globe. Since temperature controlled containers maintain the properties, hygiene and nature of a product in transportation irrespective of the exterior atmospheric condition and the problems faced during transportation, the demand for temperature controlled containers has increased over the past few years regardless of the geographical location.

By type, temperature controlled containers market segmentation includes active system containers and passive system containers. Active system containers are available in two types: systems with cooling only, and systems with both heating and cooling. These containers use both cooling media such as dry ice, PCM and others and also compressor cooling powered by batteries or external electrical source. These type of containers are cost effective when payload is maximized, these are ideal for bulk shipment.

North America is the largest market for temperature controlled containers. The market offer significant potential due to increasing application scope of temperature controlled containers in the North America market. Asia-Pacific is witnessing the fastest growth between 2020 and 2028, owing to surging demand from growing healthcare and food & beverages industries of China and India.

The report titled “Global Temperature Controlled Containers Market - Growth, Future Prospects, and Competitive Analysis, 2020 – 2028” offers strategic insights into the global temperature controlled containers market along with the market size and estimates for the duration 2018 to 2028. The said research study covers in-depth analysis of multiple market segments based on type, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading temperature controlled containers manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the temperature controlled containers industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 – 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global temperature controlled containers market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above mentioned factors.

By type, temperature controlled containers market segmentation includes active system containers and passive system containers. Rising demand for perishable products such as meat, fish and dairy products, specialty drugs and chemicals and so on is the prominent factor driving the market growth. Furthermore, with the rising preference towards frozen food worldwide is providing huge opportunities for logistic chains catering to the F&B industry. These products require strict temperature assurance during transportation, they contribute significantly to the rising revenues of the types of containers. Use of these containers varies industry to industry depending upon the requirement, specification and nature of the product.

Passive system containers dominated the temperature controlled containers type market in 2019. Active system containers are the most lucrative market as they ensures the safety and saleable of the product and also reduces the loss of food products due to extension of their shelf life.

The temperature controlled containers market has grown substantially at a healthy CAGR due to an overall growth in pharmaceutical and food and beverage industry. Rapid technological advancement and innovation in the technologies will also support the growth of temperature controlled containers market globally. In chemical industry, temperature controlled containers are used for the transportation of specialty chemicals in small quantities which are unstable and require strict temperature control throughout their life cycle. Significant changes in the temperatures while shipping across different regions such as Middle East and Europe force supply chain partners to use temperature-controlled packaging for shipping perishable products and pharmaceuticals. Other end-use industry includes agricultural and industrial products. Temperature controlled containers market in other industry is in the nascent stage and is expected to grow in coming decades.

In 2019, North America and Europe were the largest regional markets for temperature controlled containers. North America accounted for the largest share of the market and is projected to grow at moderate rate during the forecast period, driven by the rise in applicability of temperature controlled packaging in various end-use industries, such as healthcare and food & beverages. Furthermore, various regulations about distribution and handling of pharmaceutical products are being implemented in various regions in Europe and North America to harmonize manufacturing, processing and distribution of temperature sensitive pharmaceutical products. This in turn is creating a favorable environment for temperature controlled containers.

Asia Pacific temperature controlled containers market is projected to grow at the highest CAGR from 2020 to 2028. Prominent factors driving the growth of the market include, technological advancement, rise in demand for packaged food, urbanization and change in lifestyle among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Temperature Controlled Containers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Temperature Controlled Containers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Temperature Controlled Containers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Temperature Controlled Containers market?
• Which is the largest regional market for Temperature Controlled Containers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Temperature Controlled Containers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Temperature Controlled Containers market worldwide?