Newly released data from reusable cold chain packaging market analysis shows that global demand of the overall reusable cold chain packaging market is forecasted to expand at a value compound annual growth rate (CAGR) of ~6.0% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the reusable cold chain packaging market is projected to witness a prominent sales growth rate by 2031, owing to the increasing trend of showcasing more customization, ease & convenience, and rising consumer’s choice for extended product freshness.
Global Reusable Cold Chain Packaging Market: Market Outlook
Reusable cold chain packaging is a packaging box or a crate that is used to consistently maintain the temperature of the packaging and shipping goods from manufacture to the final destination. These boxes are commonly used for the transportation of temperature-sensitive products like pharmaceutical vaccines, cosmetics, etc. for which even a minor temperature variance can lead to reduced efficacy of the substance.
The demand for high-quality goods and products to deliver quickly at a competitive price is preferred by the consumers as well as manufacturers. Different levels of cold chain protection are also available for different products to meet the specific needs of manufacturers. The reusable cold chain packaging can be used again with high compliance, efficiency, and cost.
The reusable cold chain packaging helps the consumers to save time, money with efficient temperature controlling by keeping the product quality fresh. The reusable cold chain packaging containers are robust and durable and also have a sustainability profile for reuse.
What are the Key Trends Impacting Growth of the Reusable Cold Chain Packaging Market?
The reusable cold chain packaging with the customizations in the box sizes and temperature regulations. The customized protective packaging is not only gaining demand in pharmaceuticals especially for biologics & biologicals but also the food segment.
As the demand for fresh products is rising, the demand for customized cold chain packaging is also increasing. The evaporative cooling technology in the reusable cold chain packaging is also preferred and is creating a demand over the traditional cold chain packaging. Therefore, innovations and customizations are the recent trends that are setting the reusable cold chain packaging market in high demand.
How is the Demand for Reusable Cold Chain Packaging Increasing as compared to Traditional Cold Chain Packaging?
The reusable cold chain packaging does not require additional gel coolants and also they weigh much less as compared to the traditional cold chain packaging. The reusable cold chain packaging has larger dimensions compared to the traditional cold chain packaging boxes which are useful in bringing down the packaging costs given the amount of cargo shipped per batch in the containers or boxes.
Also, the reusable cold chain packaging is manufactured with the use of sustainable materials for reuse which eventually results in environmental preservation while reducing the carbon footprint.
What are the Key Challenges that may restrain the Growth of the Reusable Cold Chain Packaging Market?
The manufacturing of reusable cold chain packaging requires machinery or equipment which is costly and can withhold the market especially for the new entrants operating the reusable cold chain packaging market.
Also, the increase in the freight costs depending upon the framed regulations and the product being exported can be a restraining factor to the reusable cold chain packaging market.
The following global key players such as
- Cold Chain Technologies
- Ember Technologies Inc.
- ZAMKO Pallet Box Solutions (Zamko.eu)
- BASF SE
- Entropy Solutions
- B Medical Systems
- KryoTrans International and Peli BioThermal.
Key Asian players manufacturing reusable cold chain packaging are
- Dhruvraj Syndicate
- Prnik Plast
- Luyang Energy-saving Materials Co.Ltd.
- Zhejiang Gint Vacuum Flask Technology Co.Ltd.
- Humi Pak Singapore.
What strategies are the Key Players adopting for Increasing their Market Share in the Reusable Cold Chain Packaging Market?
The manufacturers involved in the manufacturing of reusable cold chain packaging are involved in investing the capital in the new technology of the reusable cold chain packaging solutions to expand the business on the global level. Also, the leading packaging distributors and providers are involved in partnering with the top manufacturers involved in manufacturing reusable cold chain packaging to expand their services.
- In March 2021, one of top company providing single-use and reusable thermal packaging solutions Cold Chain Technologies, announced their partnering with B Medical Systems, a Luxembourg-based global manufacturer and a distributor of to offer complete stationary refrigeration solutions for temperature-sensitive medications & thermal solutions and medical refrigeration.
- In January 2021, Ember, one of the top manufacturer of heated mugs expanded its product portfolio into reusable cold chain packaging that can be used for a variety of purposes including food.
What are the Key Opportunities for Reusable Cold Chain Packaging Market?
Majority of the clinical labs, diagnostics centre and research laboratories are looking forward for the efficient and effective storage and transportation of the thermosensitive materials and products for the testing. Therefore, reusable cold chain packaging not only enhance the preservation of the thermosensitive products but also they can be reused again for the transportation of the entire batch of the thermosensitive biological products or fluids.
Why is the U.S. a Big Market for Reusable Cold Chain Packaging Market?
The majority of the key players manufacturing reusable cold chain packaging have their presence in the U.S. which is the key factor driving the growth of the reusable cold chain packaging market. Adding to this, also the changing technologies in the packaging industry by emphasizing research & development activities leading to extended product protection and conservation is acting as a boon towards the growth of the reusable cold chain packaging market.
How has the COVID-19 pandemic impacted the Reusable Cold Chain Packaging Market?
The COVID-19 pandemic has slightly to moderately affected the reusable cold chain packaging owing to the coronavirus pandemic wherein the businesses apart from the pharma industry faced a slowdown in operations and manufacturing activities. The transport of vaccines and other biological fluids during the pandemic was at peak and therefore needed cryopreservation which increased the consumption of the reusable cold chain packaging market.
Also, the transportation and supply chain management activities were disturbed due to the rules and regulations imposed by the government and regulatory bodies. Uplifting of the rules while improving in the pandemic situation is expected to uplift the reusable cold chain packaging market in the coming days.
Key Segments of Reusable Cold Chain Packaging Market Covered in the Report
Based on Product Type:
- Insulated containers and boxes
- Cryoboxes & Cryocrates
- Temperature controlled pallet shippers
- Others (cold packs, etc.)
Based on Application:
- Meat & Poultry
- Vaccines & Antibiotics
- Dairy Products
- Bakery & Confectionary
- Others (cosmetics, other perishables, etc.)
Based on the End-use:
- Food & Beverages
- Healthcare & Pharmaceutical
- Personal Care & Cosmetics
- Others (agriculture, etc.)
Based on the Region:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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