The temperature-controlled packaging market in Saudi Arabia is at a growth stage. Saudi Arabia is emerging as a transshipment hub due to its central location in the GCC region and government impetus to transform the country into a logistics hub. The increasing dependence of the country on imports of food products has necessitated the development of a temperature-controlled packaging market in Saudi Arabia. Temperature-controlled packaging protects perishable food products most efficiently and effectively during transportation. Growing concern about healthy food and fresh food consumption in the country will lead to the growth of the market. Innovations in temperature-controlled packaging systems give the maximum advantages to the manufacturers. The integration of RFID tags and IoT in the temperature-controlled packaging market will reduce product damage. Manufacturers can easily track their products with electronic codes. The high demand for perishable products such as dairy, meat, seafood, and pharmaceuticals has led to the growth of the temperature controlled packaging market in Saudi Arabia. The improvement in the infrastructure facilities of the country is strengthening the growth of the temperature controlled packaging market in Saudi Arabia. The government of Saudi Arabia is supporting domestic production in the country. Rapid expansion of industries in Saudi Arabia has led to tremendous growth in the temperature-controlled packaging market. With tremendous growth and developments in supply chain technology, it is possible to integrate effective temperature-controlled packaging solutions for the temperature-sensitive products in the country. According to the research report, "Saudi Arabia Temperature Controlled Packaging Market Overview, 2027," published by Bonafide Research, the temperature controlled packaging market is anticipated to grow at a CAGR of more than 10% in terms of value during the forecast period. Thousands of pilgrims visit Saudi Arabia during Hajj, which escalates the demand for food products, particularly meat and dairy products. Increasing online retail and the growth of the e-commerce sector are also driving factors for the temperature-controlled packaging market. Furthermore, the hospitality, healthcare, and transportation verticals are expected to grow rapidly in Saudi Arabia temperature-controlled packaging. According to the report, based on the packaging type, the market is segregated into active packaging and passive packaging. The active packaging segment is the most preferable type of packaging. The active packaging segment covers more than 64% of the market share in temperature controlled packaging. For perishable and temperature-sensitive products, the active system maintains an accurate temperature. The passive system segment is anticipated to grow at the highest rate 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. Rising demand for packaged food, meat, and ready-to-eat meals in the country is leading the market for temperature-controlled packaging. The beverage sector is another growing segment in the temperature-controlled packaging market. High consumption of the beverage in Saudi Arabia led to the market's growth. Based on usability, the market is segmented into single use and reuse. The reuse segment is leading the market for temperature-controlled packaging. Reusable packaging has less impact on the environment and uses fewer materials. COVID-19 Impact: The COVID-19 pandemic heavily impacted countries all over the world. Trade activities are restricted during the time of the pandemic. The productions of the industries are decreased at the time of the pandemic, but on the other hand, the need for food and pharmaceutical products is increasing. Under the impact of the COVID-19 pandemic, every category of temperature-sensitive goods saw a surge in demand. The temperature controlled packaging market noted the tremendous growth at the time of pandemic. Considered in this report • Geography: Saudi Arabia • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Saudi Arabia 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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