Temperature Controlled Pharmaceutical Packaging Solutions Market 092017

Temperature Controlled Packaging Solutions for Pharmaceuticals Market: Growing Need for Sensitive Product Transportation to Remote Locations Accelerating Adoption: Global Industry Analysis 2013 - 2017 and Opportunity Assessment, 2018 - 2028

  • 2019-03-27
  • REP-GB-5076
  • 23 Tables
  • 95 Figures
  • 180 pages
  • PDF PPT EXCEL
 Temperature Controlled Pharmaceutical Packaging Solutions Market 092017

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

This study offers a comprehensive, 360 degree analysis on the Temperature Controlled Pharmaceutical Packaging Solutions market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Temperature Controlled Pharmaceutical 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.

COVID -19 : Impact Analysis

Request the coronavirus impact analysis across industries and markets

Request Covid -19 Impact

Temperature Controlled Packaging Solutions for Pharmaceuticals Market - Key Research Findings

  1. Global temperature controlled packaging solutions for pharmaceuticals market size in 2018 – nearly US$ 3.5 Bn. 

  1. The temperature controlled packaging solutions for pharmaceuticals market is expected to witness a CAGR of 7.8% during the forecast period 2018-2028. 

  1. The challenge of reaching more and more patients residing in remote locations is expected to drive the demand for temperature controlled packaging solutions for pharmaceuticals. 

  1. North America will remain the largest regional market for temperature controlled packaging solutions for pharmaceuticals. 

  • The region is expected to have a pool of large manufacturers and high utilization of temperature controlled pharmaceutical products in the US and Canada. 

  1. The Asia Pacific excluding Japan (APEJ) region is expected to witness high growth potential for temperature controlled packaging solutions for pharmaceutical products. 

  • Rapid rise in the prevalence of chronic diseases, increasing number of clinical trials in the countries such as China & India, and growing demand for temperature sensitive products will heavily contribute to the growth of the temperature controlled packaging solutions for pharmaceuticals market within APEJ.

Top 3 Factors Shaping the Temperature Controlled Packaging Solutions for Pharmaceuticals Market

Strong Emphasis on Waste Reduction of Critical Biologics to Boost Demand

The global demand for temperature-sensitive vaccines is anticipated to grow 6–7% annually. International organizations, such as World Health Organization (WHO), are continuously focusing on reducing wastage of vaccines across the globe.

For instance, in 2012, World Health Organization estimated global liquid vaccine wastage at a staggering 25%, primarily attributed to disruptions in cold chain supply.

As a part of this, various programs have been initiated to monitor vaccine wastage. These programs also focus on proper handling and transportation of vaccines and in turn, are driving the demand for temperature controlled packaging.

Growing Adoption of Vacuum Insulated Panels (VIP) and Phase Change Materials (PCMs)

The need for better handling of temperature-sensitive pharmaceutical products has resulted in increased research for more advanced temperature controlled packaging insulation materials such as VIP, PCMs, and sheep wool.

VIP-based insulation and PCM-based refrigerants offer major advantages over conventional expanded polystyrene (EPS) and polyurethane insulated shippers. Shippers implementing VIPs and PCMs are relatively lightweight, provide wide temperature ranges, cut distribution costs, and thus, are gaining market share.

  • Sonoco Thermosafe’s product ‘Greenbox’ for healthcare industry uses VIP as an insulation material and a patented renewable plant-based PCM.

Maintaining a Robust Supply Chain despite Changing Climatic Conditions is a Challenge

Cold chain packaging, particularly for pharmaceuticals is exposed to rigorous climatic conditions, wherein the packaged pharmaceutical products are shipped through different modes of transportation, including ocean transportation. This increases the risk of direct exposure of the packaged product to sunlight, dwell time on the dock, and stress on the package due to other products in the container.

As only a handful of manufacturers test their pharmaceutical packaging products to bear such stress, not all suppliers can meet client requirements. Therefore, a large portion of the industry is facing issues related to temperature controlled pharmaceutical packaging product performance across different climatic conditions and thus, do not meet quality standards.

Furthermore, exhibiting minimal or no external environment impact on the stored product is also important for pharmaceutical companies, as there are reported incidences wherein variation in the pharmaceutical product’s storage temperature resulted into a profound impact on drug’s stability and therapeutic efficacy.

Temperature Controlled Packaging Solutions for Pharmaceuticals Market Structure Analysis

  • The global temperature controlled packaging solutions for pharmaceuticals market represents a consolidated competition landscape wherein Tier 1 companies hold more than 10% revenue share.

  • Top companies in the temperature controlled packaging solutions for pharmaceuticals market include Sonoco Products Company, Pelican Biothermal, Sofrigam SA Ltd., Cold Chain Technologies, and Snyder Industries, Inc.

  • Most of the key players maintain a strategic focus on North American and Western European markets, due to the high penetration of associated products in the region, whereas APEJ is also an attractive market with countries such as India and China with extraordinary medical and healthcare facilities.

  • Leading players in the temperature controlled packaging solutions for pharmaceuticals market are also concentrating on the development of new products with enhanced properties, whereas cost competitiveness will remain a strong differentiation strategy.

This report provides a forecast analysis of the global temperature-controlled packaging solutions for pharmaceuticals market. It provides historical data of 2013-2017 and forecast from 2018-2028 in terms of market revenue (US$ Mn) and volume (‘000 Units). The report on temperature controlled packaging solutions for pharmaceuticals market includes market outlook and macroeconomic indicators on the packaging industry, healthcare industry, and the global logistics industry.

Moreover, it also includes market dynamics including drivers, recent trends, restraints, and opportunities associated with the temperature controlled packaging solutions for pharmaceuticals market. The report includes the study of market prospects for the manufacturers of temperature controlled packaging solutions for pharmaceuticals and comprises of an exhaustive value chain analysis.

The global market for temperature controlled packaging solutions for pharmaceuticals is further segmented as per product type, and application. On the basis of product type, the market is segmented into insulated shippers, insulated protective shippers, insulated containers and others (including refrigerants, gel, icepacks, and phase change materials). On the basis of application, the market is segmented into frozen, chilled and ambient.

To ascertain the size of the temperature controlled packaging solutions for pharmaceuticals market in terms of value and volume, revenue generated by the key temperature controlled packaging solutions for pharmaceuticals manufacturers and their respective manufacturing capacity is taken into consideration.

The forecast presented here assesses the total revenue generated by value, across the temperature controlled packaging solutions for pharmaceuticals market. In order to provide an accurate forecast, analysts initiated by sizing up the current temperature controlled packaging solutions for pharmaceuticals market with the help of the parent market.

Analysts gathered data from secondary research and validated it through primary research. Also, analysts form the basis of how the temperature controlled packaging solutions for pharmaceuticals market is expected to develop in the future by taking into account the opinions of industry experts.

Given the characteristics of the temperature controlled packaging solutions for pharmaceuticals market, analysts triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and economic envelope.

In addition, it is imperative to note that, in an ever-fluctuating global economy, analysts not only conduct forecasts in terms of CAGR but also analyze the market based on key parameters to understand the predictability of the temperature controlled packaging solutions for pharmaceuticals market and identify the right opportunities across the market.

The report compiled under different chapters, overview of each chapter is given as follows:

Chapter 1: Executive Summary

It includes the gist of the report, highlighting key insights of the temperature controlled packaging solutions for pharmaceuticals market.

This section also includes FMI Analysis and recommendations pertaining to the temperature controlled packaging solutions for pharmaceuticals market. It also provides a unique analysis framework through wheel of opportunity which enables reader to evaluate the most lucrative segment

Chapter 2: Market Introduction

It includes definition of the global temperature controlled packaging solutions for pharmaceuticals market and related market taxonomy, providing users a brief overview of the research report.

Chapter 3: Market Background

It includes a comprehensive analysis on the interplay of the key factors influencing the global market. This provide readers with in-depth value chain analysis and profitability margin along with key trends pertaining to the market which will help readers to make informed decisions. Key drivers and restraints are also given in the report to understand current market scenario

Chapter 4: Market Forecast

It tracks the market scenario, with key inferences drawn from historical data and future prospects. Moreover, the historic data and forecast is supported by key insights and rationales including Y-o-Y, opportunity assessment and growth rate

Chapter 5 & 6: Segmentation

These chapters include temperature controlled packaging solutions for pharmaceuticals market analysis associated segments - product type and application respectively. It covers the scope of the report with key segmentations along with historical and forecast analysis

Chapter 7: Analysis by Region

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the global temperature controlled packaging solutions for pharmaceuticals market by region. Pricing analysis for the respective market is highlighted for each region. Average selling price is taken by product type for temperature controlled packaging solutions for pharmaceuticals market. The report also includes intensity mapping in each region to help reader to recognize key manufacturers and distributors operating in the target region and impact of their sales and distribution

Chapter 8: North America Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the North American temperature controlled packaging solutions for pharmaceuticals market. North America analysis is presented for the U.S. and Canada

Chapter 9: Latin America Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the Latin American temperature controlled packaging solutions for pharmaceuticals market. The analysis is presented for key countries including Brazil and Mexico

Chapter 10: Analystsstern Europe Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the Analystsstern Europe temperature controlled packaging solutions for pharmaceuticals market. Analystsstern Europe analysis is presented for Germany, Italy, France, U.K., Spain, Nordic and Benelux

Chapter 11: Eastern Europe Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the Eastern Europe temperature controlled packaging solutions for pharmaceuticals market. Eastern Europe analysis is presented for Russia and Poland

Chapter 12: APEJ Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the APEJ temperature controlled packaging solutions for pharmaceuticals market. APEJ analysis is presented for China, India, ASEAN, and Australia & New Zealand

Chapter 13: MEA Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the MEA temperature controlled packaging solutions for pharmaceuticals market. MEA analysis is presented for GCC countries, North Africa, and South Africa

Chapter 14: Japan Market Analysis

This chapter contains comprehensive revenue (US$ Mn) and volume (‘000 Units) analysis on the Japanese temperature controlled packaging solutions for pharmaceuticals market

Chapter 15: Market Structure Analysis

This chapter provides a comprehensive analysis on the market structure of manufacturers operating in the global market. It provide tier analysis of top players operating in the global temperature controlled packaging solutions for pharmaceuticals market

Chapter 16: Competition Analysis

This chapter comprises of a market dashboard of key manufacturers with their comprehensive company profiles which include revenue, product portfolio, market share and SWOT analysis along with key market strategies.

The major players operating in the global temperature controlled packaging solutions for pharmaceuticals market are - Sonoco Products Company, Pelican Biothermal, Sofrigam SA Ltd., Cryopak, Cold Chain Technologies, Envirotainer AB, va-Q-tec AG, Inmark Packaging, American Aerogel Corporation, Snyder Industries, Inc., ACH Foam Technologies, LLC, Tempack Packaging Solutions, S.L., EcoCool GmbH, Exeltainer SL, Intelsius, Inno Cool India Private Limited, Softbox Systems, Insulated Products Corporation, TKT GmbH, Saeplast Americas Inc., and Emball’ISO among others.

Chapter 17: Research Methodology

This section includes a detailed description of robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on a 3-dimensional model. Analysts conducted about 45–60 min duration detailed interviews with temperature controlled packaging solutions for pharmaceuticals market manufacturers, end-user companies, and other channel partners, apart from this analysts also collect market feedback from industry experts.

Chapter 18: Assumptions & Acronyms

This section includes a list of all assumptions & acronyms used in the report.

Get in touch

Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Special Price Request Methodology