Global Temperature Controlled Packaging Solutions Market is Growing at a Significant Rate in the Forecast Period 2018-2025


Global Temperature Controlled Packaging Solutions Market is expected to reach USD 75,113.00 billion by 2025 from USD 35,700.00 billion in 2017, at a CAGR of 10.0% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Global Temperature Controlled Packaging Solutions MarketAccess Full Report: http://databridgemarketresearch.com/reports/global-temperature-controlled-packaging-solutions-market/

Segmentation: Global Temperature Controlled Packaging Solutions Market

Global Temperature Controlled Packaging Solutions Market By Products and Services (Products {Insulated Shippers, Insulated Containers, Refrigerants}, Services {Airways, Waterways, Roadways}), By Type (Active System, Passive System), By Industry (Food & Beverages, Healthcare, Chemical, Research Laboratories), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecast to 2025

Drivers: Global Temperature Controlled Packaging Solutions Market

The major factors contributing to the growth of the market includes factors such as need of temperature control in pharmaceutical industry and growth in cold chain industry. On the other hand, stringent rules & regulations formulated by government agencies may hinder the growth of the market

NEED OF TEMPERATURE CONTROL IN PHARMACEUTICAL INDUSTRY

The temperature controlled packaging solutions is one of the fastest growing industries around the globe. The industry is helping in discovering developments of the drugs or pharmaceutical drugs which are used as medications. Pharmaceutical companies deal in generic or brand medications and are subjected to a variety of stringent laws and regulations. For example, the Sec. 205.50 food and drug administration department states that minimum requirements for the storage and handling of prescription drugs and for the establishment and maintenance of prescription drug and its distribution records. The regulations govern the patenting, testing, safety, efficacy, transportation and marketing of the drugs. Several methods of packaging such as pallets, containers, cold chain packaging are applied for transportation of medicines to different parts of world. The pharmaceutical packaging is a cost-effective way to provide protection, identification information, containment, convenience and compliance to a product during storage, carriage, display and until the product is consumed. The packaging must provide protection against various climatic conditions including biological, physical and chemical and must be economical for manufacturers. The packaging must maintain stability of the product throughout the shelf life. The two types of packaging systems in pharmaceuticals are passive and active. The quality of pharmaceutical products has a direct effect on patient safety and the efficiency product in the patient therapies. Temperature excursions make a huge difference in transportation of finished products, transporting clinical trials materials or delivering sample drugs. According to article published by annual Biopharma Cold Chain Sourcebook the transportation of temperature-controlled products accounted to USD 12.6 billion in the year of 2016 with the growth rate of around 8.0–9.0%.

As stated in article published by Biopharma Cold Chain Sourcebook the global pharmaceutical industry is growing tremendously with the market value of approximately USD 1.1 trillion and has increase the need of temperature controlled packaging solution for transportation of medicine across the globe

GROWTH IN COLD CHAIN INDUSTRY

The refrigerated shipping is majorly focused on transportation of meat and other food from rural producers to urban markets, which is driving the trade market among the Americas, Australasia and Europe. The emergence of third party specialists have instituted new methods for global shipment of temperature-sensitive ingredients in compliance with U.S Food & Drug Administration and other emerging standards in packaging of temperature controlled for pharmaceutical and food industry are helping in the growth of cold chain industry Packaging holds an important role in the life cycle of a product which includes protection during shipping, safe delivery, and end-of life. In the cold chain packaging methods should be designed and properly tested to maintain the required temperature compliance of the shipment. According to article published by ESP industries (U.S.) the demand for cold chain in the pharmaceutical and life science industry is increasing, the market was valued around USD 10.7 billion in the year 2017. Various companies provide cold chain supplies for packaging for various products such as drugs, food and beverages and many more. ESP industries (U.S.)   which is a major key player in cold chain applications and outweigh the risks of food damage and waste as they control the quality of the products, which would otherwise occur when the packaging material does not have proper temperature. The United States is a world leader in developing the technology and processes that are necessary for the development and management of cold chain systems efficiently. According to the article published by international trade administration the cold chain services that support perishable food distribution globally are expected to have a market value of around USD 250.0 billion.

According to the article by international trade association the cold storage market in India is growing at market rate of 25% and was valued at USD 8.0 billion in the year 2014, and is expected to grow with the market value of USD 15.0 billion in the upcoming years.

Cold chain systems are crucial for the growth of trade in various products such as perishable products and pharmaceutical products worldwide. As they help in maintaining the quality of the products and full fill the need of the end user.

Major Players: Global Temperature Controlled Packaging Solutions Market

Some of the major players operating in this market are PELICAN BIOTHERMAL, SONOCO PRODUCTS COMPANY, VA-Q-TEC AG. FEDEX  , AMERISOURCEBERGEN CORPORATION , UNITED PARCEL SERVICE, INC. , DEUTSCHE POST AG  , SOFRIGAM  , COLD CHAIN TECHNOLOGIES  , TEMPACK PACKAGING SOLUTIONS, S.L. , INTELSIUS  , SOFTBOX  , INMARK INC., ENVIROTAINER AB  , DS SMITH  ,among others.


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