Australia Temperature Controlled Packaging Market Research Report, 2027

Australia Temperature Controlled Packaging Market Research Report, 2027

Actual Market Research 29-06-2022 57 Pages Figures : 8 Tables : 17 Region : Asia-Pacific Country : Australia Category : Manufacturing & Industry Machinery, Parts & Equipment

The temperature-controlled packaging market in Australia is expected to grow at a high rate during the forecast period. Australia is one of the largest players in the fields of production and of perishable goods, occupying the largest share in the temperature-controlled packaging market. Perishable products require accurate temperature control during the shipment. It is necessary for the handling and storage of temperature-sensitive products. Rising demand for meat, seafood, and other perishable products in the country is driving the growth of this market. The export, storage, and transportation of these products is fuelling the demand for high standards of temperature-controlled packaging solutions in the Australian logistics market. Increasing domestic production in the country also plays a major role in this. People are concerned about healthy products; to ensure the quality of the products, temperature-controlled packaging plays a vital role. Growth in the pharmaceutical sector is also fuelling demand for temperature-controlled packaging in Australia. Rising demand for better handling of temperature-sensitive pharmaceutical products has resulted in increased research for more advanced temperature-controlled packaging solutions. The expansion of the various end-use industries in the country and the developing economy are the key factors for the growth of the market. Technological developments and innovations are made in temperature-controlled packaging systems. Adopting the new technology will lead to benefits in packaging for manufacturers. It is the responsibility of the manufacturers to maintain the quality of the products during the storage and logistics process.

According to the research report, "Australia Temperature Controlled Packaging Market Overview, 2027," published by Actual Market Research, the temperature controlled packaging market is anticipated to grow at a CAGR of around 9% in terms of value during the forecast period. The growth of the e-commerce sector in the country will lead to tremendous growth in the temperature-controlled packaging market. Nowadays, people prefer online shopping. For the safe and effective transportation of the products, temperature-controlled packaging is the best solution. The government is also supporting the growth of the market. Concerns about the environment and sustainability have led to the temperature-controlled packaging market.

According to the report, based on the packaging type, the market is segregated into active packaging and passive packaging. The active packaging segment is leading the market for temperature-controlled packaging in Australia. The active packaging segment covers more than 65% of the market share in temperature controlled packaging. Active packaging systems offer accurate temperature control for the products. The passive system segment is anticipated to grow at the highest CAGR during the forecast period. The passive packaging system is the less expensive solution than the active system.

Based on application, the market is segmented into food, beverages, healthcare, and others. The food industry is the largest user of temperature-controlled packaging. The food segment is anticipated to grow at more than 9% CAGR during the forecast period. Due to hectic lifestyles, consumers are opting for products offered in convenient packaging formats in Australia; this shift is playing a major role in growing the temperature-controlled packaging market. The beverage and pharmaceutical sectors are also estimated to achieve potential growth in the temperature controlled packaging market. Based on usability, the market is segmented into single use and reuse. The reuse segment is the fastest growing in the temperature-controlled packaging market. Reusable packaging solutions are designed to be used several times, or indefinitely, for the distribution, transport, and storage of products without any damage.

COVID-19 Impact:
Under the impact of COVID-19, every category of temperature-sensitive good saw a surge in demand for packaging that ensures safe, reliable, at-home delivery. People are moving to panic buying of food and pharmaceutical products due to threats of lockdown. The temperature-controlled packaging market grew rapidly at the time of the pandemic. Also, the supply of medicine, drugs, vaccines, and test kits requires temperature-controlled packaging.

Considered in this report
• Geography: Australia
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Australia Temperature Controlled Packaging Solutions market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Types of Packaging in the report:
• Active Packaging
• Passive Packaging

By End-Use in the report:
• Food
• Beverages
• Healthcare
• Others

The approach of the report:
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.

Intended audience
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.

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