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The temperature-controlled packaging solutions for the pharmaceuticals market is expected to record an above-average growth rate during the forecast period. The key end use industries for the temperature-controlled packaging solutions for pharmaceuticals are healthcare, biomedical, and chemical industries.
Given the increase in demand for a conducive environment for pharmaceuticals, efforts have been made by manufacturers to work on the quality of the perishable pharma products.
In addition, the intervention of the central healthcare bodies is also a key influencer driving the growth of the temperature-controlled packaging solutions for the pharmaceuticals market.
For instance, the Food and Drug Administration (FDA) in the USA has defined a regulation under distribution procedures, which states that pharmaceuticals are to be shipped with the right temperatures.
As a result, companies operating in the temperature-controlled packaging solutions for the pharmaceuticals market are looking at electronic temperature and humidity equipment for the proper delivery and dispatch of the delivery drugs.
During the spread of the pandemic, the temperature-controlled packaging solutions for the pharmaceuticals market witnessed a significant boost, as dependency on healthcare and pharmaceutical was high among individuals. Besides this, multiple uses of temperature-controlled packaging solutions for vaccines and other medicines to cure and prevent coronavirus are expected to amplify the market growth during the forecast period.
On the flip side, there have been several deterrents that are impacting the moderate growth of the temperature-controlled packaging solutions for the pharmaceuticals market. Among the others, low awareness regarding the availability of technology to maintain the right temperature for pharmaceutical packaging in some parts of the developing countries is impacting the true market potential.
In addition, the cost of advanced temperature-controlled packaging is a key concern for numerous pharmaceutical companies. This could hamper the growth pace of the temperature-controlled packaging solutions for the pharmaceuticals market during the forecast period.
Strong Emphasis on Waste Reduction of Critical Biologics to Boost Demand
The global demand for temperature-sensitive vaccines is anticipated to grow 6-7% annually. International organizations, such as World Health Organization (WHO), are continuously focusing on reducing wastage of vaccines across the globe.
For instance, in 2012, World Health Organization estimated global liquid vaccine wastage at a staggering 25%, primarily attributed to disruptions in cold chain supply.
As a part of this, various programs have been initiated to monitor vaccine wastage. These programs also focus on proper handling and transportation of vaccines and in turn, are driving the demand for temperature controlled packaging.
Principal Consultant
The need for better handling of temperature-sensitive pharmaceutical products has resulted in increased research for more advanced temperature controlled packaging insulation materials such as VIP, PCMs, and sheep wool.
VIP-based insulation and PCM-based refrigerants offer major advantages over conventional expanded polystyrene (EPS) and polyurethane insulated shippers. Shippers implementing VIPs and PCMs are relatively lightweight, provide wide temperature ranges, cut distribution costs, and thus, are gaining market share.
Cold chain packaging, particularly for pharmaceuticals is exposed to rigorous climatic conditions, wherein the packaged pharmaceutical products are shipped through different modes of transportation, including ocean transportation. This increases the risk of direct exposure of the packaged product to sunlight, dwell time on the dock, and stress on the package due to other products in the container.
As only a handful of manufacturers test their pharmaceutical packaging products to bear such stress, not all suppliers can meet client requirements. Therefore, a large portion of the industry is facing issues related to temperature controlled pharmaceutical packaging product performance across different climatic conditions and thus, do not meet quality standards.
Furthermore, exhibiting minimal or no external environment impact on the stored product is also important for pharmaceutical companies, as there are reported incidences wherein variation in the pharmaceutical product’s storage temperature resulted into a profound impact on drug’s stability and therapeutic efficacy.
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| Attribute | Details |
|---|---|
| Forecast Period | 2015 to 2019 |
| Historical Data Available for | 2020 to 2030 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan and Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Germany, Brazil, Mexico, Rest of Latin America, UK, France, Italy, Spain, Rest of Europe, Nordic, BENELUX, Rest of Western Europe, Russia, Poland, Rest of Eastern Europe, ASEAN, Japan, India, China, South Korea, Rest of Asia Pacific excluding Japan, Australia, New Zealand, GCC, North Africa, South Africa, Rest of MEA |
| Key Segments Covered | Product, Application, Region |
| Key Companies Profiled | Sonoco Products Company; Pelican Biothermal; Sofrigam SA Ltd.; Cryopak; Cold Chain Technologies; Envirotainer Ltd.; va-Q-tec AG; Inmark Packaging; American Aerogel Corporation |
| Report Coverage | Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis |
| Customization & Pricing | Available Upon Request |
The temperature-controlled packaging solutions for pharmaceuticals market is likely to secure a CAGR of 7.8% through 2032.
The temperature-controlled packaging solutions for pharmaceuticals market size is estimated to cross USD 10.02 Bn by 2032.
The temperature-controlled packaging solutions for pharmaceuticals market is likely to record a value of USD 4.73 Bn in 2022.
North America is likely to lead the temperature-controlled packaging solutions for pharmaceuticals market.
1. Executive Summary 2. Market Introduction 3. Market Background 4. Market Forecast 5. Global Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis By Product Type 5.1. Insulated Shippers 5.1.1. Panels and Envelopes 5.1.2. EPS Foam Container 5.1.3. Fiberboard 5.1.4. PUR 5.2. Insulated Protective Shippers 5.3. Insulated Containers 5.3.1. Chest Style 5.3.2. Upright Style 5.4. Other (Refrigerants, gel, icepacks, phase change materials, etc.) 6. Global Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis By Application 6.1. Frozen 6.2. Chilled 6.3. Ambient 7. Global Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. Asia Pacific 7.6. MEA 7.7. Japan 8. North America Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 9. Latin America Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 10. Western Europe Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 11. Eastern Europe Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 12. Middle East and Africa Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 13. Asia Pacific Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 14. Japan Temperature-controlled Packaging Solutions for Pharmaceuticals Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Sonoco Products Company 16.2. Pelican Biothermal 16.3. Sofrigam SA Ltd. 16.4. Cryopak 16.5. Cold Chain Technologies 16.6. Envirotainer Ltd. 16.7. va-Q-tec AG 16.8. Inmark Packaging 16.9. American Aerogel Corporation 16.10. Snyder Industries, Inc. 16.11. ACH Foam Technologies, LLC 16.12. Tempack Packaging Solutions, S.L. 16.13. EcoCool GmbH 16.14. Exeltainer SL 16.15. Intelsius 16.16. Inno Cool India Private Limited 16.17. Softbox Systems 16.18. Insulated Products Corporation 16.19. TKT GmbH 16.20. Saeplast America Inc. 16.21. Emball’ISO 17. Research Methodology 18. Assumptions & Acronyms
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Temperature Controlled Packaging Solutions for Pharmaceuticals Market
