South Korea Temperature Controlled Packaging Market Overview, 2027

Temperature-controlled packaging describes the complete process of shipping and storing temperature-sensitive products through a complete supply chain that extends from manufacturer to end-user. Temperature controlled packaging solutions offer a wide range of benefits to manufacturers. It is necessary for all types of perishable and temperature-sensitive products. Growth in the pharmaceuticals and food sectors is the main factor driving the growth of the temperature-controlled packaging market in South Korea. The temperature-controlled packaging market in South Korea is expected to achieve potential growth during the forecast period. Technological advancements in temperature-controlled packaging have pushed the demand. Manufacturers are striving for the adoption of new packaging solutions. For better supply chain management and to reduce the wastage of products, temperature-controlled packaging is the best solution. Other than that, demand for meat and sea food is increasing in the country, which leads to the need for temperature-controlled packaging solutions. The growing trend for healthy food and concerns about food safety among consumers are also driving the market for temperature-controlled packaging in South Korea. Government initiatives are also supporting the temperature controlled packaging market in South Korea. Due to growing concern about environmental pollution, the government is adopting strict regulations to minimize the impact of packaging materials. There has been a growing preference for more cost-effective temperature-controlled packaging shippers and containers; this has also led to the growth of the temperature-controlled packaging market. According to the research report, "South Korea 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 increasing popularity of online retail and the growth of the e-commerce sector in South Korea are the main driving factors for the high demand for temperature-controlled packaging solutions. Korean pharmaceutical sector plays a major role in the growth of the temperature-controlled packaging market. Expanding opportunities for the packaging system will lead to high demand for the market during the forecast period. According to the report, based on the packaging type, the market is segregated into active packaging and passive packaging. The active segment covers the highest percentage of the market share in temperature-controlled packaging. An active system can control the temperature of a product using a variety of methods, such as battery-controlled heating and cooling plates. The Active system is the safest, temperature-controlled packaging solution. The passive system is estimated to grow at the highest rate during the forecast period. A passive segment is a less expensive solution than an active segment. Based on application, the market is segmented into food, beverages, healthcare, and others. The food segment is leading the market growth of temperature controlled packaging. The fresh food packaging market is growing in South Korea due to an increase in demand for seafood, meat, and poultry products. The increasing import of food items into South Korea is the main reason for the growth of the temperature-controlled packaging market. The beverage sector is the second large user of the temperature-controlled packaging market. Effective and efficient temperature-controlled packaging preserves the flavor and content of beverage products. Based on usability, the market is segmented into single use and reuse. The reuse segment is the fastest growing trend in the temperature-controlled packaging market. Reusable packaging solutions are designed to be used several times and have less impact on the environment. COVID-19 Impact: The outbreak of COVID-19 has led to a weakened growth of industrial output and low production in the industries. All industries that are engaged in providing for essential needs, such as getting food and required supplies safely to consumers, are in high demand. The temperature-controlled packaging market grew rapidly during the forecast period. Also, the transportation of the medicines, test kits, and vaccines requires temperature-controlled packaging solutions. Considered in this report • Geography: South Korea • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • South Korea 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.