The global temperature-controlled pharmaceutical packaging market is projected to reach a market size of US$ 12.4 billion in 2023 and US$ 27 billion by 2033, growing at a CAGR of 8.09% over that time. The temperature-controlled pharmaceutical packaging market experienced growth from 2018 to 2022, growing at a 7% CAGR.
The ageing of the world’s population, particularly among the elderly, and the rise of both communicable and non-communicable diseases are major drivers of the pharmaceutical packaging market. Due to their crucial nature, prescription and over-the-counter medications are becoming more and more in demand. These medications are considered to be temperature-sensitive. In the upcoming years, this trend will most certainly increase product demand.
Temperature-controlled pharma packaging is widely used for packaging and transportation of different chemical products which show sensitivity to temperature and pharmaceutical drugs to maintain consistency in temperature. These temperature-controlled pharma packaging solutions are used to keep a product’s shelf life efficient in a particularly low temperature range.
Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Temperature Controlled Pharma Packaging Market over the Assessment Period. A detailed study on Temperature Controlled Pharma Packaging Market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Temperature Controlled Pharma Packaging Market is expected to grow at a healthy CAGR during the forecast period . The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Temperature Controlled Pharma Packaging Market in the coming 10-years.
Key players covered in the report include:
- Mondi Group
- Pelican Biothermal
- Cold Chain Technologies
- Snyder Industries
- Americk Packaging Group
- B. Fuller Company
Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Food Packaging Equipment
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Temperature Controlled Pharma Packaging Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Temperature Controlled Pharma Packaging Demand Analysis by Category :
By type :
- Active System
- Passive System
- By Temperature Range
By temperature range :
- Less than 10°C
- 10°C to 20°C
- More than 20°C
By payload capacity :
- Up to 10L
- 10-20L
- 20-40L
- 40-150L
- More than 150L
By type of use :
- Single
- Reusable
By application :
- Pharmaceutical
- Clinical Trials
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Key Temperature Controlled Pharma Packaging Market Takeaways and Projections :
- The U.S. is expected to lead the North America Temperature Controlled Pharma Packaging Market, projecting the fastest growth in the region in forecasting period
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Report Benefits & Key Questions Answered :
- Temperature Controlled Pharma Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Temperature Controlled Pharma Packaging Market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Temperature Controlled Pharma Packaging Market for the forecast period
- Temperature Controlled Pharma Packaging Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Temperature Controlled Pharma Packaging Market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Temperature Controlled Pharma Packaging Market Trend Analysis: The latest study by FMI on the Temperature Controlled Pharma Packaging Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Temperature Controlled Pharma Packaging Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Temperature Controlled Pharma Packaging Market. Competitive information detailed in the Temperature Controlled Pharma Packaging Market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Temperature Controlled Pharma Packaging Market report.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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