Temperature Controlled Pharma Packaging Solutions Market Size Global Industry Share, Industry Growth, Competitive Landscape, Recent Developments, Regional Outlook And Forecast
A new study of Future
Market Insights (FMI) on the global temperature controlled packaging solutions market has
projected the market valuation to surpass US$ 7 Bn by the end of forecast
period, 2022 - 2030. However, the market is most likely to witness a
decline in the first two quarters of 2022 due to the high impact of COVID
2021.
Restrictions of trading and continuous lockdown in
major emerging countries such as China and India is further hindering the
growth of pharmaceutical packaging industries. However, with the better
precautions and planning by the government of developed and developing
countries, it is expected that the demand and supply of temperature controlled
pharma packaging solutions will be in balanced by the end of 2022.
The temperature controlled pharma packaging solutions are
recyclable and cost-effective. These systems are designed and validated as per
the standards for ensuring product safety. The temperature controlled pharma
packaging solutions are primarily used for packaging of biological products and
samples, vaccines, pharmaceutical ingredients, and many others.
Complications across supply
chains, caused by the worldwide coronavirus outbreak further accelerate the
need for enhanced shelf-life of pharma products during shipment and cold
storage. Growing preference for active packaging solutions among end users will
also be important trend over the next decade.
Key Takeaways of
Temperature Controlled Pharma Packaging Solutions Market Study
·
Insulated shippers will hold a maximum market
share during 2022-2030, attributable to extreme temperature control.
·
EPS foam containers type of insulated shipper is
expected to remain lucrative in terms of market share and incremental revenue
opportunity, during 2022-2030
·
As per FMI analysis, the temperature controlled
pharma packaging solutions are mostly used for chilled applications. This
application segment is expected to expand by 150 bps of current market share,
by 2030.
·
North America is expected to hold the leading
position in the global temperature controlled pharma packaging solutions market
in the next decade.
Temperature Controlled
Pharma Packaging Solutions Market Landscape
The global temperature controlled pharma packaging solutions
market is highly competitive and local and unorganized players are
participating to leverage the significant growth opportunities. Key players focus
on product innovation and acquisitions with an aim to increase their global
presence and customer base in the global temperature controlled pharma
packaging solutions market.
For Instance,
·
In January 2022, Sonoco Products Company
acquired Thermoform Engineered Quality, LLC, and Plastique Holdings,
LTD, a leading manufacturer of thermoformed packaging serving healthcare,
medical device and consumer markets, from ESCO Technologies, Inc. by
investing US$187 million. Through this acquisition the company is planning to
enhance its product portfolio and increase customer reach.
·
In February 2022, Pelican Biothermal announced
the opening of a network station in Toronto to service its Crēdo™ on Demand
rental program.
Key Segments Of Temperature Controlled Pharma Packaging Solutions
Industry Survey
Temperature
Controlled Pharma Packaging Solutions Market By Product :
·
Insulated Shippers
·
Panels and Envelopes
·
EPS Foam Containers
·
Fiberboards
·
PUR Containers
·
Insulated Protective Shippers
·
Insulated Containers
·
Chest Style
·
Upright Style
·
Others (Refrigerants, Gel, Icepacks, Phase
Change Materials, etc.)
Temperature
Controlled Pharma Packaging Solutions Market By Application :
·
Frozen Temperature Controlled Pharma Packaging
Solutions
·
Chilled Temperature Controlled Pharma Packaging
Solutions
·
Ambient Temperature Controlled Pharma Packaging
Solutions
Temperature
Controlled Pharma Packaging Solutions Market By Region :
·
North America Temperature Controlled Pharma
Packaging Solutions Market
·
Latin America Temperature Controlled Pharma
Packaging Solutions Market
·
Europe Temperature Controlled Pharma Packaging
Solutions Market
·
East Asia Temperature Controlled Pharma
Packaging Solutions Market
·
South Asia & Pacific Temperature Controlled
Pharma Packaging Solutions Market
·
Middle East & Africa (MEA) Temperature
Controlled Pharma Packaging Solutions Market
To know more click
here @ https://www.futuremarketinsights.com/reports/temperature-controlled-pharmaceutical-packaging-solutions-market
Comments
Post a Comment