The temperature controlled pharmaceutical containers market is set to enjoy a valuation of USD 4.8 billion in 2024, registering progression at a CAGR of 4.8% to reach USD 7.7 billion by 2034. Sales of such containers are anticipated to bolster with the top 3 countries estimated to hold around 35 to 40% of the market by the end of this forecast period.
Key Trends in the Temperature Controlled Pharmaceutical Container Market
Report Attribute | Details |
---|---|
Temperature Controlled Pharmaceutical Container Market Size (2024) | USD 4.8 billion |
Market Anticipated Forecast Value (2034) | USD 7.7 billion |
Market Projected Growth Rate (2024 to 2034) | 4.8% CAGR |
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As per Future Market Insights (FMI), the temperature controlled pharmaceutical containers market witnessed a CAGR of 5.5% during the historic period with a market value of USD 4.6 billion in 2023, growing from USD 3.5 billion in 2019.
As many pharmacy companies started producing uncommon pharmaceuticals to combat the COVID-19 outbreak, the need for safe packaging surged during the years 2020 and 2021. Most of these medicines or drugs were sensitive to ambient temperature, resulting in cold chain logistics market trends hinging on temperature regulated pharmaceutical containers.
Attributes | Details |
---|---|
Temperature Controlled Pharmaceutical Container Market Value (2019) | USD 3.5 billion |
Market Revenue (2023) | USD 4.6 billion |
Market Historical Growth Rate (CAGR 2019 to 2023) | 5.5% CAGR |
To ensure the safe delivery of critical products, service providers are now incorporating the latest technologies and launching innovative products. Further, as most temperature-sensitive medicines and vaccines are transported through airlines, vendors are entering into partnerships with leading airline and cargo companies.
The development of new drugs and therapies is expected to spur the industry growth factors for pharmaceutical containers. The market share of temperature controlled container brands meant for other commodities is also rising owing to the emergence of new pharmaceutical industries in developing economies.
Regional analysis of temperature controlled pharmaceutical container market figures out five countries with the most lucrative growth opportunities.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 2.9% |
Germany | 2.5% |
United Kingdom | 2.7% |
China | 5.7% |
India | 6% |
The United States temperature controlled pharmaceutical container market is witnessing growth trends that can exhibit a CAGR of 2.9% between 2024 and 2034. According to the International Federation of Pharmaceutical Manufacturers & Associations, the United States is currently the most developed pharmaceutical market across the globe.
The United States market is advancing fast due to higher investment in product design and the adoption of modern technologies to make it acceptable in other regions as well. The Pegasus ULD® from Sonoco ThermoSafe is the first passive bulk temperature-controlled ULD container for pharmaceutical use to receive FAA and EASA approval, allowing it to move quickly and cheaply through customs and handling procedures for international air freight.
Demand for temperature controlled pharmaceutical containers in Germany is poised to increase at a rate of 2.5% per year through the projected time period. Germany being the leading manufacturer of industrial equipment in Europe is now emphasizing more on logistics equipment for a quick return.
Technological advancements are enabling the regional players to meet the increasing consumer demand for new and more effective medicines and pharmaceutical products. Also, recent developments in HVAC technology are expected to prove helpful to German manufacturers to produce more efficient temperature-sensitive containers industry in the region.
The sales of temperature controlled pharmaceutical containers in the United Kingdom are poised to increase at 2.7% CAGR through 2034.
Using cloud technologies to gather, analyze, and visualize temperature data throughout transportation has boosted market perception and reliability of temperature controlled containers in the United Kingdom. Further, rising production and supply of life-saving drugs and vaccines across the country are expected to create lucrative prospects for the temperature controlled pharmaceutical container market.
The temperature controlled pharmaceutical container industry of China is on the path to achieve a CAGR of 5.7% over the forecast years. A sizable domestic market and export of pharmaceuticals have augmented the market forecast for the pharmaceutical container industry of the country.
Market forecasts for pharmaceutical container industries indicate a prolific rise in the regional market in China. In addition to that, with the presence of some leading pharmacy companies, market penetration strategies for temperature controlled containers are evolving fast in the country.
India has the 3rd largest pharmaceutical industry in terms of volume in comparison with all other countries across the globe. Hence, to keep the drugs safe from harsh temperatures and atmosphere, end users are increasing the adoption of temperature-controlled pharmaceutical containers.
With growing development in pharmaceutical manufacturing and supplying generic formulations across the globe, market trends driving innovation in pharmaceutical container solutions are expected to improve over the forecast period. So, sales of temperature controlled pharmaceutical containers in India are expected to develop at a 6% CAGR between 2024 and 2034.
Based on product type, the chest style segment accounts for more than 75.5% of the market value share in 2024.
Attributes | Details |
---|---|
Top Product Type Segment | Chest Style |
Total Market Share in 2024 to 2034 | 75.5% |
Due to the higher thermal stability and operational qualification of chest-style containers, the product is gaining popularity. These systems are secure and allow users to quickly load and unload. Moreover, chest-style containers with active systems are temperature-controlled containers with monitoring systems that function with the help of electricity.
Based on application chilled containers segment is figured to contribute to 42.9% of the total market sales in 2024.
Attributes | Details |
---|---|
Top Application Type Segment | Chilled |
Total Market Share in 2024 | 42.9% |
Temperature-controlled containers are designed to maintain temperature surroundings during the transportation of medical and drug supplies across the globe. Market research on temperature control technologies in containers also suggests chilled containers are more economical than other temperature containers. Hence, chilled containers are adopted more by pharmaceutical manufacturers to cater to the growing demand among patients and the rise of routine diseases.
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Key players operating in the temperature-controlled pharmaceutical containers market are aiming to expand their production capabilities to meet the growing demand. They are also forming alliances and eyeing acquisition strategies to expand their resources. Meanwhile, some emerging players are developing new products to meet customer needs and gain a competitive edge. Also, these companies are focusing on upgrading their facilities to cater to the demand.
Recent Developments
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 4.8 billion |
Projected Market Size (2034) | USD 7.7 billion |
Anticipated Growth Rate (2024 to 2034) | 4.8% |
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 Application, By Control Type, By Content Type, and By Region |
Key Companies Profiled | Pelican Biothermal; Sonoco Product Company; Cryopak; Cold Chain Technologies; Envirotainer Ltd; Sofigram SA Ltd; Va Q Tec AG; Inmark Packaging; Softbox Systems; Sealed Air Corporation; Tempack; Intelsius; Saeplast Americas Inc.; Euroengel Srl; Klinge Corporation |
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 market is estimated to be around USD 4.8 billion in 2024.
The market is set to progress at a 4.8% CAGR during the forecast period.
The market is predicted to be valued at USD 7.7 billion by 2034.
The market was valued at USD 3.5 billion in 2019.
India to follow 6% CAGR in sales of temperature controlled pharmaceutical containers 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 Control Type 5.1. Active 5.2. Passive 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 6.1. Chest Style 6.2. Upright Style 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Frozen 7.2. Chilled 7.3. Ambient 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Content Type 8.1. Vaccines/Drugs (IV) 8.2. Samples (Blood, Biopsy, Etc.) 8.3. Reagents 8.4. Genetic Materials 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Pelican Biothermal 19.2. Sonoco Product Company 19.3. Cryopak 19.4. Cold Chain Technologies 19.5. Envirotainer Ltd 19.6. Sofigram SA Ltd 19.7. Inmark Packaging 19.8. Softbox Systems 19.9. Sealed Air Corporation 19.10. Tempack 19.11. Intelsius 19.12. Saeplast Americas Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
Packaging
February 2024
REP-GB-1446
200 pages
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