According to Future Market Insights (FMI), the pharmaceutical cold chain packaging market is projected to experience significant growth, with a compound annual growth rate (CAGR) of 14.8%. By 2033, the market is estimated to reach a value of US$60,100.9 million. The driving force behind this growth is the increasing demand for cold chain packaging in the healthcare sector, particularly in the vaccine and biopharmaceutical industries, which has been further accelerated by the pandemic.
The stringent storage requirements for mRNA-based formulations, necessitating extremely low temperatures of around -80 degrees Celsius, have heightened the need for superior packaging and storage solutions to mitigate losses during transportation. To enhance the handling of temperature-sensitive pharmaceutical products, advanced insulation solutions like Vacuum Insulated Panels (VIP) are being recommended, capable of maintaining the required temperature for 7-10 days, twice as long as traditional insulation materials.
The industry is also embracing various technological advancements, such as real-time tracking, RFID tracking, enhanced analytics, and cloud-based data management applications. These innovations aim to improve supply chain visibility and facilitate faster decision-making processes.
Future Market Insights’ comprehensive market analysis report, titled “Pharmaceutical Cold Chain Packaging Market,” was developed by a dedicated team of analysts and consultants using a bottom-up approach to gather and analyze the data, providing valuable insights into the market’s growth and developments.
Ready to Explore? Grab Your Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13956
Key Takeaways from Pharmaceutical Cold Chain Packaging Market
- North America holds the largest market share with the US being subject to technological advancements. The US International Trade Administration has stated that pharmaceutical cold chain packaging market has undergone drastic changes in the last few years, especially when mode of shipment changed to sea modes from air transportation. This transition could be attributed to the fact that difference in temperature results in pharmaceutical products getting deteriorated.
- Coming to Europe, Germany leads the market. As per Germany Trade and Invest (GTAI), extensive investment in research has put Germany on the top pedestal with respect to pharmaceutical cold chain packaging market. The scenario is expected to persist even in the forecast period.
- The Asia-Pacific is expected to grow at the fastest rate in the pharmaceutical cold chain packaging market in the forecast period. This could be reasoned with countries like India broadly promoting cold chain packaging in the pharmaceuticals vertical and China being one of the hubs of pharmaceuticals.
Market Benefits
- The study provides an in-depth analysis of the global pharmaceutical cold chain packaging market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.
Don’t Miss Out on Personalized Trends – Act Now @ https://www.futuremarketinsights.com/customization-available/rep-gb-13956
Competitive Arena
- Sonoco Thermosafe, in August 2021, announced that it had partnered with Korean Air for leasing the latest shipping container temperature controlled ‘Pegasus ULD’.
- Pelican Products, in February 2021, began distribution of temperature-controlled cases for transportation of Covid-19.
- CSafe Global, in December 2021, completed acquisition of Softbox Systems to make provisions for a one-stop solution for various temperature-sensitive products in the biologics, gene & cell therapy, and upcoming mRNA therapies during the Covid as well as post-Covid era.
- Cold Chain Technologies, in March 2021, entered into partnership with B Medical Systems for offering end-to-end storage and shipping solutions to the life science vertical.
- Softbox Systems Ltd., in January 2018, did acquire TP3 Global to expand its presence across the globe.
“Excessive emphasis on improvement of packaging formats’ performance is expected to drive the pharmaceutical cold chain packaging market in the forecast period”, says an analyst from Future Market Insights.
Key Players:
- Sonoco ThermoSafe
- Cold Chain Technologies
- Sealed Air Corporation
- Nordic Cold Chain Solutions
- Cryopak
- CSafe Global LLC
- TemperPack Technologies, Inc.
Global Pharmaceutical Cold Chain Packaging Market: Key Growth Opportunities in Major Regions
- US: Thriving market with leading pharmaceutical companies, projected CAGR of 12.3%.
- Germany: Leading European market, CAGR of 10.9%.
- India: Flourishing market with CAGR of 14.7%, driven by favorable government policies.
- China: Rapid growth, Asian hub for manufacturing, CAGR of 17.8% in East Asia.
Get Rewarded with a Discount Today @ https://www.futuremarketinsights.com/request-discount/rep-gb-13956
Pharmaceutical Cold Chain Packaging Market by CategoryBy Packaging
Format:
- Passive Packaging
- Single Use or One Way Use Packaging
- Multiple Use or Re-Usable Packaging
- Active Packaging
- Reefer Trucks and Containers
- Active Pallet Containers
By Product:
- Small Boxes
- Pallets
- Single Pallets
- Double Pallets
- Large sized Pallet Containers
By Material:
- Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others
- Metal
- Paper
By Application:
- Biologics and Biological Samples
- Vaccines and Diagnostics
- Others
By End-Use:
- Diagnostic Centers
- Clinical Research Organization
- Blood Banks
- Vaccines Packaging Industry
- Pharmaceuticals
- Other Healthcare Units
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
LinkedIn| Twitter| Blogs
