Increasing demand for more suitable shipping of temperature-sensitive pharmaceutical products resulted in advanced research for improved cold chain packaging insulation solutions. One of these includes vacuum-insulated packaging (VIP).
The United States and Canada Cold Chain Packaging Industry is anticipated to reach a value of US$ 6.9 Billion in 2023. From 2023 to 2033, it is expected to expand at a CAGR of 12.2%. By the end of 2033, it is projected to have a value of US$ 21.8 Billion.
It offers shippers at a cost lower than conventional PUR shippers. Increasing preference for ocean freight often expands carriage time. It is anticipated to further drive the adoption of VIP-based shippers.
These help to reduce refrigerant requirements, provide a broad temperature range, and successively cut down distribution costs. CSafe, one of the prominent producers of VIP, incorporates its exclusive ‘ThermoCor’ VIP combined with a protective buffer.
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Sonoco Thermosafe’s product Greenbox, for instance, is for the pharmaceutical industry. It employs VIP for insulation and has a patented renewable phase change material that is plant-based. Sofrigam’s elite cooling boxes incorporate PUR and VIP and offer temperature stability up to 240 hours.
Market Drivers:
- Pharmaceutical Industry Growth: The expansion of the pharmaceutical industry in the United States and Canada, driven by research and development in biopharmaceuticals and vaccines, fuels the demand for cold chain packaging to maintain product integrity during transportation.
- Food and Beverage Sector: The food and beverage industry requires efficient cold chain packaging to ensure the safe and fresh delivery of perishable goods, including dairy, seafood, and fresh produce.
- E-commerce Growth: The surge in e-commerce, particularly in the wake of the COVID-19 pandemic, has increased the need for cold chain packaging to maintain temperature-sensitive products during last-mile delivery.
- Biotechnology and Healthcare: The biotechnology and healthcare sectors demand precise temperature control for the transport of biological samples, vaccines, and medical devices, driving the cold chain packaging market.
- Environmental Concerns: The emphasis on sustainable and eco-friendly packaging materials encourages the adoption of biodegradable and recyclable cold chain packaging solutions.
- Government Regulations: Stringent regulations and quality standards in the pharmaceutical and food industries necessitate compliance with cold chain packaging requirements.
Key Takeaways:
- The polymer segment by material type is likely to hold around US$ 15.2 Billion of the market value in 2033.
- The paper segment is estimated to witness a gain of 2.1x times by value and a CAGR of 14.2% during the forecast period.
- The gel packs segment by product type is anticipated to witness a 12.6% CAGR from 2023 to 2033.
- Phase change cold storage products segment is estimated to witness a gain of 3.8 times its value by the end of 2033.
- The reusable packaging segment by packaging format is anticipated to witness a CAGR of 12.7% in the assessment period.
Market Growth Factors
One prominent area where passive packaging lacks behind active packaging is its tenuous ability to provide safety during transportation. Numerous companies are offering shippers equipped with temperature sensors, which immediately detect if the container has been opened during transportation.
A few shippers now come equipped with thermochromic labels that change color to provide visual verification that shippers are ready to pack. Pelican’s reusable shipper and Sofrigam’s Elite cooling box, for instance, come equipped with these sensors.
Data loggers with temperature sensors and USB connection points are becoming highly common and inexpensive to integrate. These label-like loggers effortlessly attach to the packaging, continually follow temperature conditions, and supply a comprehensive study for time & temperature data.
Dry ice has been prominently used as a coolant for the passive packaging of temperature-sensitive food and pharmaceuticals since time immemorial. However, dry ice is dangerous if not handled with care and releases high-concentration carbon dioxide vapors.
It can, in turn, increase global carbon emissions. With the advent of economic inorganic phase change materials (PCMs), various temperature-controlled packaging solution providers have started offering PCM-equipped packaging solutions.
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Key Players
- Sonoco Products Company
- Sofrigam SAS
- Cryopak Industries Inc.
- CSafe Global, LLC
- DGP Intelsius LLC
- TemperPack Technologies, Inc.
- Engineered Packaging, Inc. dba Chill-Pak
- American Thermal Instruments
- Mettcover Global
- Nordic Cold Chain Solutions
- RipplePak Ltd.
- Insulated Products Corporation
- Klinge Corporation
- Sealed Air Corporation
- Cold Chain Technologies
- Orora Packaging Solutions
- Envirotainer AB
For instance,
- In May 2021, CSafe developed a VIP insulated shipper for BioNTech’s facility. It provides 10+ days of temperature protection for vaccine shipments with minimal dry ice.
Market Segmentation:
By Product Type:
- Pallet Shippers
- Insulated Containers
- Foam Bricks
- Gel Packs
- Protective Packaging
- Phase Change Cold Storage Products
By Material Type:
- Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others (PVC, Nylon, Teflon)
- Metal
- Paper
By Packaging Formats:
- Reusable Packaging
- Disposable Packaging
By End Use:
- Food
- Beverages
- Pharmaceutical
- Cosmetics & Personal Care
- Chemical
- Others (Textile, Electronics, Research Institutes, Building & Construction)
By Country:
- United States
- Canada
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