The isothermal boxes for vaccine market value is pegged at USD 202.6 million in 2024, with the top 3 countries holding 41% of the market share. Surging demand and transport of vaccines can increase the sales of isothermal boxes at a rate of 5.8% over the next ten years. By following this moderate CAGR, the isothermal box for vaccine industry is supposed to garner USD 355.8 million by 2034, which is 1.6X of the current market value.
| Report Attribute | Details |
|---|---|
| Isothermal Box for Vaccine Market Size (2024) | USD 202.6 million |
| Market Anticipated Forecast Value (2034) | USD 355.8 million |
| Market Projected Growth Rate (2024 to 2034) | 5.8% CAGR |
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The isothermal container for vaccine market was valued at USD 139.3 million in 2019. The isothermal boxes for vaccines market saw soaring growth in 2021 with five years (2019 to 2023) revenue up by a CAGR of 6.5%. The overall market value was about USD 190.5 million in 2023.
The COVID-19 pandemic has had a positive impact on the isothermal boxes for vaccine market during this historical period. The isothermal box suppliers experienced a rapid rise in demand due to the development of an array of vaccines across the world. This increasing number of vaccine doses across the globe augments the sales of isothermal boxes to store and transport vaccines in appropriate conditions & temperatures.
| Attributes | Details |
|---|---|
| Isothermal Box for Vaccine Market Value (2019) | USD 139.3 million |
| Market Revenue (2023) | USD 190.5 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 6.5% CAGR |
Principal Consultant
Rising awareness for massive immunization programs by government and privately funded alliances such as GAVI and organizations such as UNICEF has led to an increase in vaccination programs globally. Thus, the growing demand for sustainable cold chain packaging solutions such as vaccine storage boxes, vaccine carriers, and others that can maintain the integrity of the vaccines during transit is likely to augment the market.
Despite such prospects, some pressing challenges persist for the industry, including the inability to keep up with the inventory network at the strategic locations. Also, isothermal boxes can provide only temporary solutions to temperature control and maintenance and can be easily replaced by cryogenic refrigerators, especially in the pharmaceutical market.
The table below lists the countries that can provide better growth prospects for isothermal box sellers to vaccine suppliers.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 4.5% |
| Germany | 4.0% |
| United Kingdom | 5.6% |
| India | 7.7% |
| China | 6.9% |
The United States isothermal box for vaccine market is anticipated to advance at a rate of 4.5% per year till 2034.
The large portion of the North American isothermal box for vaccine market is captured by the industry players based in the United States. Some new developments that have taken place in the regional market include the increasing level of investments in research and development along with the prevalence of improved healthcare.
Germany is holding the top position as a supplier of isothermal vaccine boxes in Europe and could progress at 4.0% CAGR from 2024 to 2034.
The requirement for isothermal boxes has grown as vaccine distribution from Germany has expanded into many Eastern European countries. New developments in isothermal box design by German manufacturers to improve thermal efficiency and dependability are popularizing the product in other parts as well.
The regional market in the United Kingdom has the potential to continue rising at a higher CAGR of 5.6% until 2034.
The sales of isothermal boxes skyrocketed during the pandemic period as some drug manufacturers in the United Kingdom were at the forefront in finding vaccination for COVID-19. Vaccine exports are still on the rise in the country, creating a higher demand for isothermal boxes to maintain the integrity of vaccines throughout transit.
Recent occurrences indicate that the isothermal box for the vaccine industry in China is going to expand at a 6.9% CAGR till 2034.
Asia Pacific Excluding Japan (APEJ), followed by the North America, is estimated to remain the leading region generating high demand for different types of vaccines in the coming decade. The increasing production and administration of vaccines in this region is the reason behind the higher export of isothermal boxes from China.
Demand for isothermal boxes for vaccines in the Indian market is set to grow at a 7.7% annual rate over the next ten years.
India is estimated to hold around 40% of the market value share for the Asia Pacific isothermal boxes for vaccines market by the end of 2034. The increasing production of vaccines in India is the major factor propelling the demand for isothermal boxes for vaccines. Serum Institute, located in India, is one of the world’s largest vaccine producers.
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Based on the material used in making vaccine boxes, the polyethylene (PE) segment is projected to account for 44.2% of the current market value in 2024.
| Attributes | Details |
|---|---|
| Top Material Type Segment | Polyethylene (PE) |
| Total Market Share in 2024 to 2034 | 44.2% |
Polyethylene (PE) material is preferred by vaccine manufacturers and suppliers as it is highly adaptable, flexible, lightweight, and durable. The Polyethylene (PE) segment, followed by Polyurethane (PU) segment, is anticipated to remain the most lucrative segment among others. Both segments collectively are estimated to hold two-thirds of the demand for the isothermal boxes for vaccines through the projected years.
Based on product type, the long-range segment is anticipated to hold around 66.4% of the market value share in 2024.
| Attributes | Details |
|---|---|
| Top Product Type Segment | Long Range |
| Total Market Share in 2024 | 66.4% |
The long-range isothermal boxes for vaccines are demanded by the end users owing to their high cold life which is a minimum of 96 hours offered by the long-range segment. Demand for long-range isothermal boxes is also booming to facilitate the safe delivery of vaccines to isolated and rural areas without access to any viable refrigeration facilities.
The overall market is evolving fast with the growing emphasis on the use of sustainable materials in healthcare products and industries. Moreover, reusable packaging aids in the reduction of the usage of refrigerants and insulation materials that are linked with ozone depletion and global warming. The use of reusable insulated containers for multiple transportation is also significantly cost-effective.
The key players operating in isothermal boxes for the vaccines sector are adopting the partnership & collaboration strategy to utilize the resources along with efficiently catering to the increasing demand in the market. Also, the key players are expanding their presence by establishing manufacturing facilities across the untapped regions.
Recent Developments in the Global Isothermal Box for Vaccine Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 202.6 million |
| Projected Market Size (2034) | USD 355.8 million |
| Anticipated Growth Rate (2024 to 2034) | 5.8% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America: Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Material Used, and By Region |
| Key Companies Profiled | B Medical Systems Sarl; AOV International Llp; Nilkamal Limited; Apex International; Blowkings India; AUCMA Co., Ltd.; EBARA Inc.; Termo-Cont MK LLC.; CIP Industries cc; Gio'Style Lifestyle S.p.A.; Coldpack Systems S.A.S. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The isothermal box for vaccine market is valued at USD 202.6 million in 2024.
The isothermal box for vaccine market is to develop at 5.8% during the forecast period.
The isothermal box for vaccine market is predicted to be valued at USD 355.8 million by 2034.
The isothermal box for vaccine market was valued at USD 139.3 million in 2019.
India is predicted to witness a CAGR of 7.7% in sales of isothermal boxes for vaccine through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Short Range Isothermal Boxes 5.1.1. <5 Litres 5.1.2. 5 - 15 Litres 5.1.3. 16 - 25 Litres 5.2. Long Range Isothermal Boxes 5.2.1. <5 - 15 Litres 5.2.2. 16 to 25 Litres 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 6.1. Polypropylene (PP) 6.2. Polystyrene (PS) 6.3. Polyurethane (PU) 6.4. Polyethylene (PE) 6.5. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. B Medical Systems Sarl 17.2. AOV International Llp 17.3. Nilkamal Limited 17.4. Apex International 17.5. Blowkings India 17.6. AUCMA Co., Ltd. 17.7. EBARA Inc. 17.8. Termo-Cont MK LLC. 17.9. CIP Industries cc 17.10. Gio'Style Lifestyle S.p.A. 17.11. Coldpack Systems S.A.S. 18. Assumptions & Acronyms Used 19. Research Methodology
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Isothermal Box for Vaccine Market
