Temperature Controlled Packaging Market Research Report 2019 published By Market Research Future, provides information on Global Temperature Controlled Packaging Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product (Insulated Shippers and Insulated Containers), By Type (Active Systems and Passive Systems), By Temperature Range (Up to 10°C, 10°C to 20°C and More than 20°C), By Payload Capacity (Up to 10 L, 10-20 L, 20-40 L, 40-150 L and More than 150 L), By Type of Use (Single Use and Reusable), By End-Use Industry (Pharmaceutical and Clinical Trial) and By Region – Forecast Till 2023
The global temperature-controlled packaging for pharmaceutical market is projected to witness a compound annual growth rate of 9.48% during the assessment period (2018-2023).
In the pharmaceutical sector, need for effective packaging solutions is more than ever before. Introduction of highly sensitive drugs has necessitated the development of dynamic packaging systems such as temperature-controlled packaging. These packaging systems are purpose-built and have a larger application bandwidth as compared to traditional packaging solutions.
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Temperature is one of the most important areas of focus in pharmaceutical packaging, as it can have a severe impact on efficacy of drugs, worse, change their physical nature. To tackle such issues, temperature-controlled packaging solutions are preferred. Such factors are driving the popularity of temperature-controlled packaging in the pharmaceutical sector. The global temperature-controlled packaging for pharmaceutical market has grown at an impressive rate in recent years. Growing investment in R&D and rapid adoption of next-generation cold chain technologies are other factors that are providing an impetus to the market. Also, emphasis is being placed on product innovation and expanding product portfolio. Demand for temperature control packaging solutions that can maintain the required temperature of products even in extreme conditions in on the rise, which is reflecting favorably on the market. In addition, lucrative opportunities in emerging markets across regions such as Asia Pacific, Latin America and Middle East indicate towards an optimistic future for stakeholders.
- Cold Chain Technologies
- Envirotainer AB
- Pelican Bio Thermal
- Softbox Systems Limited
- Sonoco ThermoSafe
- Storopack Hans Reichenecker GmbH
- va-Q-tec AG
- DB Schenker
- DHL International GmbH
- KUEHNE + NAGEL INC
- United Parcel Service of America Inc. (UPS)
These are among the leading companies operating in the global temperature-controlled packaging for pharmaceutical market.
The segmental analysis of the market is conducted on the basis of product, type, temperature range, payload capacity, type of use, end-use industry, and region.
By product, the market has been segmented as insulated shippers and insulated containers. The insulated shippers segment currently accounts for more than 62% market share. In 2017, the segment stood at a valuation of USD 3,172.3 Mn and is projected to capture a CAGR of 9.26% during the assessment period. This is owing to the rising investment in insulated packaging solution as they offer effective packaging for temperature sensitive products. Insulated shippers are lightweight and versatile in nature.
By type, the market has been segmented into active systems and passive systems. The active systems segment holds the lion’s share of the market. The segment is expected to remain highly attractive over the next couple of years. By the year 2023, the active systems segment is projected to surpass a market valuation of USD 5,000 Mn. Active systems are leased containers with innovative temperature control systems powered by electricity. They are secure, eco-friendly, and facilitate quick loading/ unloading.
By temperature range, the market has been segmented into Up to 10°C, 10°C to 20°C and more than 20°C. The up to 10°C segment accounted for 48.20% share of the market in 2017. The segment is projected to surge at a CAGR of 9.93% during the forecast period. This is owing to increasing usage of packaging solutions with temperature range of up to 10°C in high-risk products such as vaccines, insulins, blood products (such as Factor VIII) and other proteinaceous materials.
Based on payload capacity, the market has been segmented into up to 10 L, 10-20 L, 20-40 L, 40-150 L, and more than 150 L. The up to 10 L segment currently accounts for the largest market and is expected to remain highly profitable in 2019 and beyond. The segment is expected to reach a market valuation of over USD 2,600 Mn.
Based on type of use, the market has been segmented into single use and reusable. The single-use segment holds the pole position. In 2017, the segment accounted for more than two-third market share.
Based on end-use industry, the market has been segmented into pharmaceutical and clinical trial. The former will continue to outperform the later throughout the assessment period. In 2017, the pharmaceutical segment reached a valuation in excess of USD 4,000 Mn.
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The market has been covered across regions such as North America, Latin America, the Middle East & Africa (MEA), Europe and Asia Pacific (APAC). North America is one of the prominent markets for the temperature-controlled packaging for pharmaceutical products. Presence of a favorable investment climate along with the existence of a massive pharmaceutical sector is supporting the growth of the market in the region. Other factors such as stringent pharmaceutical products safety policies and rising geriatric population is creating opportunities for companies operating in the region. North America is followed by Asia-Pacific, and Europe respectively.
Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2.1 Growth in the Pharmaceutical Industry
4.2.2 Adoption of Smarter Cold Chain Technology
4.2.3 Increase in R&d Investment in the Pharmaceutical Industry
4.2.4 Drivers Impact Analysis
4.3.1 Rise in Raw Material Costs
4.3.2 Restraint Impact Analysis
4.4.1 Balanced Clinical Trial Processes With an Authentic Data System
4.4.2 Government Support
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.2 Supply Chain Analysis
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Temperature-controlled Packaging for Pharmaceutical Market, by Type, 2016-2023 (Usd Million)
Table 4 Global Temperature-controlled Packaging for Pharmaceutical Market, by Product, 2016-2023 (Usd Million)
Table 5 Insulated Shippers: Temperature Controlled Packaging for Pharmaceuticals Market, by Type, 2016-2023 (Usd Million)
Table 6 Global Temperature-controlled Packaging for Pharmaceutical Market, by Temperature Range, 2016-2023 (Usd Million)
Table 7 Global Temperature-controlled Packaging for Pharmaceutical Market, by Payload Capacity, 2016-2023 (Usd Million)
Table 8 Global Temperature-controlled Packaging for Pharmaceutical Market, by Type of Use, 2016-2023 (Usd Million)
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