Temperature-Controlled Packaging For Pharmaceutical Market Worth USD 20,235.2 Million by 2030 Witnessing a CAGR of 9.2% – Report by Market Research Future (MRFR)
Temperature-Controlled Packaging For Pharmaceutical Market Insights and Industry Analysis By Product (Shippers, Containers) Type (Active System, Passive System) Temperature Range (-20˚C to -10˚C, -10˚C to 10˚C, 10˚C to 20˚C, 20˚C and above) Payload Capacity (Up to 10L, 10L-20L, 20L- 40L, 40L to 150L, above 150L) Use (Single use, Reusable) Medication Type (Vaccine, Temperature Sensitive Pharmaceutical Drugs, Regenerative Medicine) And Region, Competitive Market Size, Share, Trends, and Forecast to 2030
New York, USA, Nov. 18, 2022 (GLOBE NEWSWIRE) — Temperature-Controlled Packaging For Pharmaceutical Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Temperature-Controlled Packaging For Pharmaceutical Market Information By Product, Type, Temperature Range, Payload Capacity, Use, Medication Type, And Region – Forecast till 2030”, the market is estimated to grow at a 9.2% CAGR to reach USD 20,235.2 Million by 2030.
Market Synopsis
A difficult task essential to assisting medical patients in maintaining their health is maintaining pharmaceutical items at the proper temperature. If a step in the process is overlooked throughout the whole storage and distribution lifecycle, it can be paid for at the sacrifice of a person’s life. We acknowledge this is a strong claim, so let’s examine why temperature regulation is crucial. Regardless of the external environment, temperature-controlled packaging may maintain the internal environment with the necessary safety rules and quality standards. The pharmaceutical makers acknowledged the delivery of products at an ensured temperature, including material handling, as being more important. Their drug portfolios have changed as more complex biotechnology drugs have been developed in place of the more conventional small molecule/chemical pharmaceutical goods.
Pharma firms use more sophisticated cold chain equipment, which helps monitor temperature following product standards, maintaining the integrity and safety of the product. Top pharmaceutical corporations are developing advanced temperature-controlled supply chains. Due to the constantly expanding manufacturing output from the worldwide pharmaceutical industry, the demand and sales prognosis for temperature-controlled medicine packaging are anticipated to stay positive. Although temperatures as low as -20 degrees Celsius are sometimes utilized in warehouses to retain products suitable for this temperature, most pharmaceutical commodities are typically kept between 2 and 8 degrees Celsius. Resources must be devoted to setting up, maintaining, and perfecting temperature control during logistics. All too frequently, it can be the distinction between a drug that works and is effective and one that doesn’t and has negative side effects.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2030 | USD 20,235.2 Million |
| CAGR | 9.2% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022–2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, Type, Temperature Range, Payload Capacity, Use, Medication Type, And Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Growth in Pharmaceutical industry supplementing sales to the significant extent. |
| Adoption of smarter cold chain technology |
Market Competitive Landscape:
The important players in the temperature-controlled packaging for pharmaceutical market are:
- Cold Chain Technologies, LLC. (US)
- Duetsche Bahn AG (Germany)
- Va-q-Tec AG (Germany)
- Kaneka Corporation (Japan)
- DHL International GMBH (Germany)
- Kuehne + Nagel, Inc. (Switzerland)
- United Parcel Service of America (US)
- Emball’Iso (France)
- Inmark, LLC. (US)
- Sonoco Thermosafe (US)
- Csafe Global (US)
Market U.S.P. Covered:
Market Drivers:
Healthcare, biomedicine and the chemical industries are the main end uses for temperature-controlled medicine packaging products. Manufacturers have attempted to improve the quality of perishable pharmaceutical items in response to the rising demand for a favorable medication environment. Additionally, one of the major factors influencing the expansion of temperature-controlled packaging products for the pharmaceuticals market is the involvement of national healthcare organizations. Several variables must be controlled in typical supply chains to ensure a satisfactory conclusion. But when temperature control is included, an additional 30 to 40 variables increase the complexity.
The government will likely use strict regulations and laws to advance how pharmaceutical products are distributed, accelerating the market’s expansion. It is expected that the market for temperature-controlled packaging solutions for pharmaceuticals will rise due to expanding global research and development initiatives to improve packaging and production processes in the pharmaceutical and biotech industries. The requirement for cold chain packaging systems has also increased because of the growing development of innovative medications and therapies such as r-proteins, stem cells, monoclonal antibodies, and pharmaceutical materials at various stages of product development.
Market Restraints:
Polystyrene is the main raw material utilized as an insulating material in solutions for temperature-controlled packaging. Due to the widening imbalance between supply and demand, polystyrene prices have been volatile and are predicted to stay high during the forecast period.
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COVID 19 Analysis
The industrial sectors have been significantly impacted by COVID-19. Many nations are anticipated to see a further revenue fall until the pandemic situation stabilizes as economic activity worldwide continues to slow down. Like other businesses, the packaging sector has seen significant disruptions due to COVID-19. Packaging businesses are relatively cyclical due to their relationship to GDP, but they typically serve less-discretionary end markets, including those for pharmaceuticals. The significant shift in customer opinion in favor of eco-friendly packaging solutions over the past few years has been one of the key industry developments. Although COVID-19 isn’t likely to stop this in the long run, it might slow down change’s pace in the near run. As consumer purchasing patterns morph into longer-term behavioral shifts, other segments of the packaging business will experience stronger development. This industry’s e-commerce packaging experts report a rising need, which will probably last.
Market Segmentation
By payload capacity, the market includes Up to 10L, 20L- 40L, 40L to 150L, 10L-20L, and above 150L. By product, the market includes shippers and containers. By medication type, the market includes temperature-sensitive pharmaceutical drugs, vaccines, and regenerative medicine. By type, the market includes active systems and passive systems. By temperature range, the market includes 10˚C to 20˚C, -20˚C to -10˚C, -10˚C to 10˚C, and 20˚C. By use, the market includes single-use and reusable.
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Regional Insights
A significant portion of the pharmaceutical industry’s budget goes toward internal R&D activities. The pharmaceutical industry uses a complicated combination of public and private funding for R&D. Big-scale R&D efforts, the availability of a large qualified workforce, and high pay across key countries, including Asia-Pacific, North America, and Europe, are all contributing factors to the increase in capital in the pharmaceutical and biotechnology industries. Bilateral trade agreements and increasing global trade may be advantageous for the market. In North America, there is a sizable market for active systems. APAC is regarded as being extremely profitable due to the rise in infectious diseases and the requirement for cold chain solutions to maintain vaccines. To increase their financial profits, major participants in the global market for temperature-controlled pharmaceutical packaging can focus on promising Asian nations. The area will likely have more acquisitions as the market becomes increasingly saturated.
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