Temperature Controlled Pharmaceutical Packaging Solutions Market

Temperature Controlled Pharmaceutical Packaging Solutions Market : Novel Therapies, New Drug Development and Increasing Clinical Trials : Global Industry Analysis and Opportunity Assessment, 2016 - 2026

  • REP-GB-1446
  • 2016-04-28
  • 178 Pages
  • Format: pdf ppt
  • Category: Packaging

Temperature-controlled packaging solutions for pharmaceuticals are used for packing of highly reactive and temperature-sensitive pharmaceutical products such as medicines for treatment of rare diseases and injections.

Drivers and Trends

Temperature-controlled packaging solutions for pharmaceuticals market is indirectly related to GDP of various countries across the globe due to their widespread application in storage and transportation of temperature-sensitive pharmaceutical products. Due to surge in manufacture and supply of temperature-sensitive pharmaceutical products, the TCPSP market is estimated to expand at a CAGR of 9.3% over 2016–2026, in terms of revenue. With an anticipated increase in manufacturing in North America and APEJ over the next few years, demand for temperature-controlled packaging solutions for pharmaceuticals in the aforementioned regions is expected to increase significantly through 2026. Some major factors driving growth of the global temperature-controlled packaging solutions for pharmaceuticals market are rising focus on reducing wastage of critical biologics, increasing demand for temperature-controlled packaging in developing countries, development of novel therapies, new drug development and increasing clinical trials catapulting demand for cold chain packaging solutions for pharmaceuticals, among others. Major trends identified in the market are outsourcing packing and transportation to avoid complexities, increasing focus on use of reusable packaging containers, increased focus of renting of insulated containers, among others.

Market Taxonomy

Future Market Insights, in its report titled, “Temperature-controlled Packaging Solutions for Pharmaceuticals Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”, has categorized the TCPSP market into key segments based on product type, application, and region. On the basis of product type segment, the global TCPSP market is divided into four segments: insulated shippers, insulated protective shippers, insulated containers and others. Insulated shippers segment further consist of three sub-segments: panels and envelopes, EPS foam container, fibreboard and PUR. Insulated containers segment is further segmented into chest style and upright style sub-segments. On the basis of application, the global TCPSP market is divided into frozen, chilled, and ambient. On the basis of region, the global TCPSP market is segmented into North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, MEA and Japan.

Analysis, by Region

The TCPSP market in APEJ is expected to expand at a robust CAGR in terms of value during the forecast period. The region is expected to account for a value share of around 22.8% of the global TCPSP market by the end of the 2026. In terms of value, North America is expected to account for a major value share of the global TCPSP market during the forecast period.

Analysis, by Product Type

By product type, insulated shippers segment in the global TCPSP market is slated to expand at the fastest CAGR during the forecast period in terms of value. Growth of this segment is primarily driven by increase in safety of pharmaceutical products when stored in these boxes, high stability, and ease of transportation. In terms of market value, insulated containers segment is expected to expand at a moderate CAGR during the forecast period.

temperature-controlled-pharmaceutical-packaging-solutions-market

Some of the market players featured in this report are as follows:

  • Sonoco Products Company
  • Pelican Biothermal
  • Sofrigam SA Ltd.
  • Cryopak
  • Cold Chain Technologies
  • Envirotainer Ltd.
  • va-Q-tec AG
  • Inmark Packaging
  • American Aerogel Corporation

This Future Market Insights report examines the global TCPSP market for the forecast period 2016–2026. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments in the global TCPSP market.

 Temperature-controlled packaging solutions for pharmaceuticals are packaging systems designed to maintain temperature sensitive payloads at the desired temperature. These systems use phase change materials such as ice/water or dry ice and thus, are cost-effective and offer basic functionality. Temperature-controlled pharmaceutical packaging solutions are validated and designed to rigorous standards to keep products within safe temperature range for a given period of time. The chilled segment is the largest application segment in the global TCPSP market.

To understand and assess opportunities in this market, the report is categorically divided into three main market analysis sections namely by product type, by application, and by region. The report analyses the global TCPSP market in terms of market value (US$ Mn).

The report begins with an overview of the global TCPSP market, appraising market performance in terms of revenue, followed by FMI’s analysis of key trends, drivers, and restraints witnessed in the global TCPSP market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal-clear, decision-making insights.

The subsequent section analyses the TCPSP market as per product type, and presents a forecast for the period 2016?2026.

Product type assessed in the report are:

  • Insulated Shippers
    • Panels and Envelopes
    • EPS Foam Container
    • Fiberboard
    • PUR
  • Insulated Protective Shippers
  • Insulated Containers
    • Chest Style
    • Upright Style
  • Others (refrigerants, gel, icepacks, phase change materials etc.)

The report further analyses the market on the basis of region and presents the forecast in terms of value for the following ten years.

Regions assessed in the report are:

  • North America
  • Latin America
  • APEJ
  • Western Europe
  • Eastern Europe
  • MEA
  • Japan

 The report further analyses the market on the basis of application and presents the forecast in terms of value and volume for the following ten years.

  • Frozen
  • Chilled
  • Ambient

To calculate market size, the report considers various aspects based on secondary research. Data points such as country-wise split and market split by application and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the global TCPSP market during 2016–2026.

When developing the market forecast, the first step was sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the TCPSP market. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy across the globe, we not only conduct forecasts in terms of CAGR, but also analyse it on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.

Another key feature of this report is the analysis of TCPSP market by country, product type and application, and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually 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 identify potential resources from a sales perspective, in the global TCPSP market. 

To understand key segments in terms of their growth and performance in the TCPSP market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global TCPSP market.

In the final section of the report, the global TCPSP market competitive landscape is included to provide a dashboard view of companies that manufacture and supply temperature-controlled packaging solutions for pharmaceuticals. The report contains company profiles of some of the major players operating in the global TCPSP market.

Some of the market players featured in this report are as follows:

  • Sonoco Products Company
  • Pelican Biothermal
  • Sofrigam SA Ltd.
  • Cryopak
  • Cold Chain Technologies
  • Envirotainer Ltd.
  • va-Q-tec AG
  • Inmark Packaging
  • American Aerogel Corporation