Global temperature controlled packaging solutions market
According to a report by MarketsandMarkets (M&M), the global temperature controlled packaging solutions market is projected to reach USD 11.82 Billion by 2021, at a CAGR of 9.7% from 2016 to 2021. This growth is mainly attributed to the increasing demand for temperature controlled packaging solutions from the food & beverages and healthcare industries worldwide.
North America is estimated to account for the largest share of the market in 2016 and the food & beverages segment is estimated to account for the major share. In this industry there is a high demand for temperature controlled packaging to ship goods, such as frozen food and dairy products (Press Release M&M, 23 February 2017).
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