Brazil Temperature Controlled Packaging Market Overview, 2027

Brazil is the fastest growing economy in the world. The temperature-controlled packaging market is estimated to grow rapidly during the forecast period. Due to the rising exports of temperature-sensitive products from the country, increasing consumption of meat and seafood, fruits and vegetables, and others are the main driving factors for the growth of the temperature-controlled packaging market in Brazil. Temperature-controlled packaging is a system that is used for the management and transportation of temperature-sensitive products through various methods of packaging. Temperature-controlled packaging is used for preserving and ensuring a long shelf life of products like seafood, frozen food, and fresh agricultural produce in Brazil. The import and export activities of the country also play a major role in the temperature controlled packaging market. The busier lifestyles of people and changes in preferences will lead to a high demand for packaged food, frozen food, and ready-to-eat meals. This will need the proper and effective temperature-controlled packaging systems. Increasing online retail in the country is also a growth factor for the temperature-controlled packaging market. The technological developments and innovations in the temperature controlled packaging systems will change the entire use of the packaging solutions. Manufacturers are increasing their investment in temperature-controlled packaging systems for the safe handling and transportation of their products. The combination of RFID and IoT technologies with temperature-controlled packaging aids in the tracking of products during transportation. According to the research report, "Brazil Temperature Controlled Packaging Market Overview, 2027," published by Bonafide Research, the temperature controlled packaging market is anticipated to grow at a CAGR of around 11% in terms of value during the forecast period. The government of Brazil is also supporting the development of the temperature-controlled packaging market. Other than that, the growth of the e-commerce sector in the country has led to the high demand for temperature controlled packaging systems. Better transport infrastructure and connectivity are expected to drive the growth of the Brazil temperature-controlled packaging market in the forecast period. According to the report, based on the packaging type, the market is segregated into active packaging and passive packaging. The active system is preferred by the manufacturers. The active segment covers more than 70% of the market share in temperature-controlled packaging. The active system measures the accurate temperature of the product in a large volume. The passive segment is anticipated to grow at the highest rate during the forecast period. Passive systems are insulated boxes or containers without any active temperature control. Based on application, the market is segmented into food, beverages, healthcare, and others. The food segment is leading the market for temperature-controlled packaging in Brazil. Brazil is one of the major exporters of fruits, meat, sugar, and soya beans and is developing its temperature-controlled packaging and storage facilities to support the growth expected in the market. Rising consumption of dairy products in the country is also a driving factor for temperature-controlled packaging solutions. The pharmaceutical sector is also registering potential growth in the market. Based on usability, the market is segmented into single use and reuse. Manufacturers prefer the reusable segment to protect the environment. The reuse segment is anticipated to register the highest growth rate during the forecast period. COVID-19 Impact: The COVID-19 pandemic has led to significant demand for the domestic e-retailing sector and the consumption of processed food and beverages, pushing the demand for temperature-controlled packaging and logistics. On the other hand, trade activities are restricted due to lockdown measures. Temperature-controlled packaging solutions are used to provide safe and effective transportation of the products. Considered in this report • Geography: Brazil • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Brazil 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.