Temperature Controlled Packaging Solutions Market

Temperature Controlled Packaging Solutions Market: Healthcare End Use Segment Anticipated to Register a Higher CAGR as Compared to the Food & Beverages Segment During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-12-16
  • REP-GB-594
  • 253 pages
  • PDF PPT EXCEL
 Temperature Controlled Packaging Solutions Market

An Incisive, In-depth Analysis on the Temperature Controlled Packaging Solutions Market

This study offers a comprehensive, 360 degree analysis on the Temperature Controlled Packaging Solutions market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Temperature Controlled Packaging Solutions market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Healthcare segment will lead the global temperature controlled packaging solutions market during the assessment period

Our analysis of the global temperature controlled packaging solutions market indicates a robust growth in the healthcare end use segment. By value, the healthcare end use segment is expected to expand at a higher CAGR as compared to the Food & Beverages and Others end use segments during the period of forecast (2016 - 2026). On the basis of market share, the healthcare sector is anticipated to present an incremental opportunity that is higher by US$ 165 Mn compared to the food & beverages segment during 2016-2026.

Our report also indicates that the healthcare segment is likely to be valued more than US$ 2 Bn by 2016 end, accounting for approximately 40% of the total revenues of the global temperature controlled packaging solutions market. The segment is anticipated to gain more than 300 basis points between 2016 and 2026, expanding at a CAGR of more than 10% during the projected period.

Factors driving growth and revenue of the healthcare segment of the global temperature controlled packaging solutions market

International organizations such as World Health Organization (WHO) are continuously focussing on reducing wastage of vaccines across the globe. As a part of this, various programs are initiated to monitor vaccine wastage at country levels. These programs also focus on proper handling and transportation of vaccines. This particular factor surges the demand for temperature controlled pharmaceutical packaging solutions in the healthcare sector. Another factor that is creating a positive impact on the market is an unprecedented shift towards structurally-complex biotechnology drugs over chemical-based drugs. Drugs used in the treatment of cancer or cold chain drugs such as insulin require constant temperature control. These specified drugs are fuelling the demand for temperature controlled packaging solutions, which is ultimately boosting the global temperature controlled packaging solutions market.  

  • As patents on prominent biologics expire by 2022, leading pharmacy manufacturers are anticipated to flood the market with variegated biopharma and biosimilars, further driving the need for temperature controlled packaging solutions

  • Several regulations regarding handling and distribution of pharmaceutical products are being implemented in various regions in North America and Europe to harmonise manufacturing, processing and distribution of temperature sensitive pharmaceutical products. This in turn is creating a favourable environment for temperature controlled packaging solution services

  • Transportation of temperature-sensitive products using passive systems such as temperature controlled packaging provides flexibility of transportation and ease of handling, thus reducing damage during transportation

temperature controlled packaging market

Sluggish growth of the global temperature controlled packaging solutions market in the Japanese healthcare sector

Sluggish growth in the Japanese pharmaceutical sector owing to a moderate economic growth, falling drug prices, and pro-generics policies is projected to keep the global temperature controlled packaging solutions market in the region highly cost sensitive; therefore companies in this region should introduce more cost-effective solutions addressing the Ambient/CRT and frozen applications segments. The recent shift in clinical trials from developed countries to Brazil, Argentina, and Peru is further expected to create good market opportunities for temperature controlled packaging solution providers. Increasing regulations regarding temperature assured packaging of most pharmaceutical products in Western Europe is helping maintain continuous growth in the region and revenues in the region are anticipated to expand with a CAGR of more than 8% over the forecast period.

America’s Sonoco Products holds the largest share in the global temperature controlled packaging solutions market

Among the insulated shipper specialist manufacturers, Sonoco Products and Pelican Biothermal together hold more than 55% share in the global temperature controlled packaging solutions market. While among the insulated containers/bins manufacturers, Sonoco Products accounts for more than 25% share in the global temperature controlled packaging solutions market.

Future Market Insights examines the global temperature controlled packaging solutions market in its recent report, “Temperature Controlled Packaging Solutions Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The publication focusses on identifying opportunities in the market and presents updates and insights pertaining to the various segments of the global temperature controlled packaging solutions market. Along with overall market approach, we have also forecasted key segments and target geographies and have also provided unique recommendations on various strategies of key players operating in the global temperature controlled packaging solutions market during the forecast period 2016-2026. Our analysts have not considered the confounding factors that can influence the pricing forecast. The top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter validate the market estimations.  Apart from this, macroeconomic indicators such as GDP, pharmaceutical industry outlook, food and beverage industry output, retail and convenience store outlook have been considered while forecasting market numbers. Few other factors that are covered during the detailed study of this report are market performance in terms of sales revenue followed by Future Market Insights’ analysis of key trends, drivers, and restraints. The report also includes market opportunities, pricing forecast, supply routes, list of raw material manufacturers and logistic providers catering to the global temperature controlled packaging solutions market.

Report structure

Our report starts with the focus on the Y-o-Y growth of the global temperature controlled packaging solutions market. It further covers the market overview which includes definition and applications of the market. We also examine the market taxonomy in this section where we have segmented the market on the basis of product, application, end user and region type. The publication also covers technology evolution and adoption in the global temperature controlled packaging solutions market. Apart from this information, the focal point of the report is on market opportunities, pricing forecast, supply routes, list of raw material manufacturers and logistic providers catering to the global temperature controlled packaging solutions market.

The last section of the report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services to the global temperature controlled packaging solutions market. The report contains company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their regional expansion plans. 

Global temperature controlled packaging solutions market segmentation

By Product Type

By Application

By End Use Industry

Region

  • Insulated Shippers

    •  Panels and Envelopes

    • Expanded Polystyrene Shippers

    • Insulated Polystyrene Shippers

    •  Vacuum Insulated Panel Shippers

    • Other Insulated Shippers (Polyethylene Shippers, etc.)

  • Insulated Containers

    • Chest Style

    • Upright Style

  • Others (Refrigerants, Gel, Ice Packs, PCM)

  • Frozen

  • Chilled

  • Ambient

  • Healthcare

  • Food and Beverage

  • Others (Chemical, Industrial, etc.)

  • North America

  • Western Europe

  •  APEJ

  • Latin America

  •  Eastern Europe

  • Japan

  • Middle East and Africa

Our research methodology

We have adopted a systematic research approach while drafting the report on the global temperature controlled packaging solutions market. We have used in-depth secondary research to ascertain overall market size, top industry players, top products and industry associations. Data is validated by the triangulation method, wherein secondary research, primary research, and our independent analysis contribute to the final data. We have also taken inputs from country wise manufacturers and health care executives through secondary and primary sources. Inputs from government and healthcare agencies have also been taken into consideration. We have identified key opinion leaders, conducted in-depth interviews with industry players and delivered industry insights and information.

Factors considered while forecasting the global temperature controlled packaging solutions market

Yearly change in inflation rate has not been considered while forecasting market numbers. Instead, product-wise weighted Average Selling Price (ASP) has been considered to deduce market values. Confounding factors influencing pricing have not been considered in the pricing forecast, while revenues from sales of insulated containers for dry ice transportation have been considered as per its end usage industry.

Potential market resources

We have analysed the global temperature controlled packaging solutions market by corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective in the global temperature controlled packaging solutions market. 

The global temperature controlled packaging solutions market focusses on key regional environmental regulations

In order to understand the in-depth market scenario, perspectives of end users – predominantly biopharma manufacturing companies – have been studied through interactions. This enabled us to identify factors that are considered prior to selecting a temperature controlled packaging solutions provider. It also helped us understand the future production of biopharma companies and their patent expiry status, which was useful in projecting future market demand. Moreover, as we have also covered the F&B segment and considered insulated bins as a part of our research, we interviewed various F&B cold chain solution providers to understand the dynamics of this industry. Finally, in order to understand the trend for reusable shippers, we have studied key regional environmental regulations in detail.

Temperature Controlled Packaging Solutions Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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