Chest-style insulated containers consist of specially designed packaging shippers and containers that maintain a stable temperature environment so as to minimize the packaged product’s exposure during transit to high or low temperature.
Chest-style insulated containers are intended to preserve the heat-sensitive products 'proper temperature because it serves as a protective cover to protect the goods from damage and spoilage. Chest-style insulated containers are used mainly in the healthcare, food & beverage, and chemical industries to transport and store temperature-sensitive goods at a temperature-conserving environment.
One of the major factors driving the market growth of Chest-style insulated containers is widening the global supply chain. Rising shipment of pharmaceutical goods over the longer distance that requires optimum temperature handling over the longer period of time is increasing demand for Chest-style insulated containers.
Growing logistics of clinical testing, which require temperature chest-style insulated solutions, is expected to further foster market growth over the forecast period.
Chest-style insulated containers costs are expected to impede the market growth of the industry. Such advanced technologies such as vacuum insulated panels are costly as compared to traditional PUR and EPS shippers are expected to hamper the Chest-style insulated containers market growth over the forecast time frame.
Increasing rental packaging solution adoption is expected to restrict the growth of Chest-style insulated containers in the industry. For starters, In January 2016, Pelican Biothermal, a pioneer in Chest-style insulated containers catering to the healthcare industry, began offering its passive Credo Xtreme shippers standard 12-day rentals on demand. Consequently, the growing acceptance of the rental packaging solution is expected to inhibit market growth.
Shifting preferences between pharmaceutical manufacturers towards ocean freight from air freight transport is projected to stimulate market growth in Chest-style insulated containers to increase market development.
The shipping of goods across the ocean needs substantially different Chest-style insulated containers, which is expected to create lucrative growth opportunities for Chest-style insulated containers manufacturers to launch revolutionary packaging solutions.
Continuous product innovation on the market is a phenomenon, and this is expected to fuel demand growth over the forecast period for Chest-style insulated containers. For example, CSafe announced in November 2019 that it has increased its passive packaging portfolio by introducing the new AcuTemp Plus Series to meet the cold chain needs of commercial pharma, clinical trials, and cell and gene therapy.
The growing trend of major players taking smart strategies such as mergers and acquisitions to extend their presence is expected to accelerate the growth of Chest-style insulated containers on the market.
Great Point Partners ("GPP") today revealed, for example, in August 2017 that Softbox Systems ("Softbox") a GPP II Portfolio company has acquired Tempack Packaging Solutions ("Tempack") based in Barcelona, Spain. Tempack focuses on the production and manufacture of packaging solutions for the transport of pharmaceutical goods immune to high temperature values.
Growing good distribution practices and regulations promote the growth of Chest-style insulated containers in the industry. In particular in North America and Europe, prescription and drug control authorities enforce stringent regulations for the distribution and handling of prescription goods.
Increasing demand for medicines and development in India is expected to provide enormous growth opportunities for the Chest-style insulated containers industry.
The pharmaceutical industry in India was estimated at USD 33 billion in 2017, according to the India Brand Equity Foundation. India's domestic pharmaceutical industry turnover in 2018 amounted to Rs 1, 29,015 (US$ 18.12 billion), up 9.4 per cent year-on-year (Rs) from Rs 1, 16,389 (US$ 17.87 billion) in 2017.
The report is a compilation of first-hand information, qualitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Application type, the global Chest-style insulated containers market is segmented into -
By End Use type, the global Chest-style insulated containers market is segmented into -
Explore Similar Insights
Chest-style Insulated Containers Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
