The global sales reusable cold chain packaging are estimated to be worth USD 3.1 billion in 2021 and are anticipated to reach a value of USD 5.8 billion by 2031. Sales are projected to rise at a CAGR of 6.5% over the forecast period between 2021 and 2031. The revenue generated by reusable cold chain packaging in 2020 was USD 2.9 billion.
The global reusable cold chain packaging market is greatly influenced by the pharmaceutical and biotechnology industries across the world. Increased demand for temperature-sensitive products, such as vaccines, biologics, and clinical trial samples, has created a whole new need for effective, reliable, and reusable packaging to ensure product safety and efficacy.
The globalization of food trade coupled with the increasing demand for fresh and frozen food products is also boosting demand for improved cold chain logistics. Reusable cold chain packaging solutions will, therefore, become a key factor in ensuring the quality and safety of perishables while moving through a progressively more complex supply chain.
Global Reusable Cold Chain Packaging Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2020 | USD 2.9 billion |
Estimated Size, 2021 | USD 3.1 billion |
Projected Size, 2031 | USD 5.8 billion |
Value-based CAGR (2021 to 2031) | 6.5% |
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Reusable cold chain packaging is a packaging box or a crate that is used to consistently maintain the temperature of the packaging and shipping goods from manufacture to the final destination. These boxes are commonly used for the transportation of temperature-sensitive products like pharmaceutical vaccines, cosmetics, etc. for which even a minor temperature variance can lead to reduced efficacy of the substance.
The demand for high-quality goods and products to deliver quickly at a competitive price is preferred by the consumers as well as manufacturers. Different levels of cold chain protection are also available for different products to meet the specific needs of manufacturers. The reusable cold chain packaging can be used again with high compliance, efficiency, and cost.
The reusable cold chain packaging helps the consumers to save time, money with efficient temperature controlling by keeping the product quality fresh. The reusable cold chain packaging containers are robust and durable and also have a sustainability profile for reuse.
The reusable cold chain packaging with the customizations in the box sizes and temperature regulations. The customized protective packaging is not only gaining demand in pharmaceuticals especially for biologics & biologicals but also the food segment.
As the demand for fresh products is rising, the demand for customized cold chain packaging is also increasing. The evaporative cooling technology in the reusable cold chain packaging is also preferred and is creating a demand over the traditional cold chain packaging. Therefore, innovations and customizations are the recent trends that are setting the reusable cold chain packaging market in high demand.
The reusable cold chain packaging does not require additional gel coolants and also they weigh much less as compared to the traditional cold chain packaging. The reusable cold chain packaging has larger dimensions compared to the traditional cold chain packaging boxes which are useful in bringing down the packaging costs given the amount of cargo shipped per batch in the containers or boxes.
Also, the reusable cold chain packaging is manufactured with the use of sustainable materials for reuse which eventually results in environmental preservation while reducing the carbon footprint.
The manufacturing of reusable cold chain packaging requires machinery or equipment which is costly and can withhold the market especially for the new entrants operating the reusable cold chain packaging market.
Also, the increase in the freight costs depending upon the framed regulations and the product being exported can be a restraining factor to the reusable cold chain packaging market.
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The following global key players such as
Key Asian players manufacturing reusable cold chain packaging
The manufacturers involved in the manufacturing of reusable cold chain packaging are involved in investing the capital in the new technology of the reusable cold chain packaging solutions to expand the business on the global level. Also, the leading packaging distributors and providers are involved in partnering with the top manufacturers involved in manufacturing reusable cold chain packaging to expand their services.
Majority of the clinical labs, diagnostics centre and research laboratories are looking forward for the efficient and effective storage and transportation of the thermosensitive materials and products for the testing. Therefore, reusable cold chain packaging not only enhance the preservation of the thermosensitive products but also they can be reused again for the transportation of the entire batch of the thermosensitive biological products or fluids.
The majority of the key players manufacturing reusable cold chain packaging have their presence in the USA which is the key factor driving the growth of the reusable cold chain packaging market. Adding to this, also the changing technologies in the packaging industry by emphasizing research & development activities leading to extended product protection and conservation is acting as a boon towards the growth of the reusable cold chain packaging market.
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