In a recently published report by Research Nester titled “Temperature Controlled Packaging for Pharmaceuticals Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the temperature controlled packaging for pharmaceuticals market in terms of market segmentation by product, by type, by temperature range, by payload capacity, by type of use, by end-users and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global temperature controlled packaging for pharmaceuticals market is segmented by type into active and passive systems; by temperature range into 10°C, 10-20°C and more than 20°C; by payload range into up to 10 L, 10-20L, 20-40L, 40-150L and more than 150L; by type of use into single and reusable; by end-users into pharmaceutical and clinical trials and by regions. The global temperature controlled packaging for pharmaceuticals market is estimated to grow at a CAGR of around 9.5% over the forecast period i.e. 2019-2027.
The requirement for better control of temperature sensitive pharmaceutical products has resulted in an increased demand for more advanced temperature controlled packaging techniques for pharmaceuticals. Delivery of drugs such as insulin or the ones used in the treatment of cancer require constant temperature control to maintain their stability. Temperature controlled packaging technology maintains constant temperature from the time it is manufactured until the time it is consumed.
North America temperature controlled packaging market is anticipated to witness fast growth as this region is anticipated to have a pool of large producers and high utilization of temperature controlled pharmaceutical products in various countries such as US and Canada. Asia Pacific is expected to witness faster growth rate during the forecast period on account of rapid rise in the prevalence of chronic diseases, increasing number of clinical trials in the countries such as China and India, and growing demand for temperature sensitive products will heavily contribute to the growth of the temperature controlled packaging solutions for pharmaceuticals market.
Growth in the Shipments of Sensitive Pharmaceutical Products
Temperature controlled packaging solutions are perfect for the transport of temperature sensitive products in extreme conditions, such as through prolonged periods and extreme heat condition. This is the major factor that drives the growth of temperature controlled packaging market. This packaging technique provides the consumers with protection, identification, information, and containment solutions to products during storage, carriage until the product is consumed. Temperature controlled packaging used to preserve and to extend and ensure the shelf life of chemicals and pharmaceutical drugs.
However, high cost of advanced temperature controlled packaging restrains few players in the market from their utilization, which instead utilize cheaper pharmaceutical packaging products.
This report also provides the existing competitive scenario of some of the key players of the global temperature controlled packaging for pharmaceuticals market which includes company profiling of Sonoco Products Company, Pelican Biothermal, Snyder Industries, Mondi Group, Americk Packaging Group, H.B. Fuller Company, SVS Labels, and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global temperature controlled packaging for pharmaceuticals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.