Latin America Temperature Controlled Packaging Solutions Market Size & Outlook
Latin America temperature controlled packaging solutions market, 2018-2030 (US$M)
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Latin America temperature controlled packaging solutions market highlights
- The Latin America temperature controlled packaging solutions market generated a revenue of USD 3,143.5 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, passive was the largest revenue generating type in 2023.
- Active is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,143.5 million |
| Market revenue in 2030 | USD 4,833.8 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Passive |
| Fastest growing segment | Active |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passive, Active |
| Key market players worldwide | Sonoco Products Co, Aurora Solar Technologies Inc, DHL Group ADR, Cryopak, Envirotainer, Valor Industries, DGR Global, Safe Box International Cargo Packaging & Movers, PCI Technology, APEX Packaging Corporation |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.1% of the global temperature controlled packaging solutions market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,862.8 million by 2030.
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Temperature Controlled Packaging Solutions Market Scope
Temperature Controlled Packaging Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America temperature controlled packaging solutions market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to temperature controlled packaging solutions market will help companies and investors design strategic landscapes.
Passive was the largest segment with a revenue share of 65.31% in 2023. Horizon Databook has segmented the Latin America temperature controlled packaging solutions market based on passive, active covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America temperature controlled packaging solutions market is expected to grow significantly over the forecast period owing to the strong demand from end-use industries such as food & beverages and healthcare. The demand for online groceries is significantly higher in Central & South America compared to other regions.
The region has a significant number of commercial farms, especially in Argentina, Brazil, Chile, Uruguay, and Colombia. Furthermore, the region has been experiencing considerable agricultural growth in the past decade owing to new techniques and technology adoption for agricultural production.
The substantial agricultural production offers growth opportunities to the players of temperature controlled packaging solutions market in the region.
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Our clientele includes a mix of temperature controlled packaging solutions market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America temperature controlled packaging solutions market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America temperature controlled packaging solutions market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America temperature controlled packaging solutions market size, by country, 2018-2030 (US$M)
Latin America Temperature Controlled Packaging Solutions Market Outlook Share, 2023 & 2030 (US$M)
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