Europe Temperature Controlled Packaging Solutions Market, By Product and Services (Product and Services), Type (Passive System and Active System), Industry (Food & Beverages, Healthcare, Chemical, and Research Laboratories) - Industry Trends and Forecast to 2030.
Europe Temperature Controlled Packaging Solutions Market Analysis and Size
The Europe temperature controlled packaging solutions market is being [ driven by the rising need for temperature control in pharmaceutical industry and it is an important driver for the Europe temperature controlled packaging solutions market. Moreover, growth in cold chain industry and growth in industrial trade are expected to propel the Europe temperature controlled packaging solutions market growth. However, High investments and maintenance cost and stringent rules and regulations formulated by government agencies may restrain the market growth.
Data Bridge Market Research analyses that the Europe temperature controlled packaging solutions market is expected to reach the value of USD 39,896.06 million by 2030, at a CAGR of 11.7% during the forecast period.
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Report Metric
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Details
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Forecast Period
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2022 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Product and Services (Product and Services), Type (Passive System, and Active System), Industry (Food & Beverages, Healthcare, Chemicals, and Research Laboratories)
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Countries Covered
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Germany, France, U.K., Italy, Spain, Belgium, Netherlands, Switzerland, Russia, Turkey and Rest of Europe
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Market Players Covered
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Deutsche Post AG (Bonn, Germany), Sonoco Products Company (South Carolina, U.S.), FedEx (Hoofddorp, The Netherlands), AmerisourceBergen Corporation (Pennsylvania, U.S.), va-Q-tec AG (Wurzburg, Germany), United Parcel Service of America, Inc. (Georgia, U.S.), DS Smith (England, U.K.), CSafe Global (Ohio, U.S.), DoKaSch GmbH (Staudt, Germany), SkyCell AG (Zurich, Switzerland), Sofrigam (Paris, France), Cold Chain Technologies (Massachusetts, U.S.), Intelsius (England, U.K.), Envirotainer (Sollentuna, Sweden), Peli BioThermal Limited (Minnesota, U.S.) among others
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Market Definition
Temperature controlled packaging is mainly done to ship products, substances, or specimens that require a certain temperature throughout their transport process. The shippers rely on temperature controlled packaging, which allows them to maintain the temperature of the shipping product according to the shipper requirements. The temperature controlled packaging is used in numerous industries comprising medical, food and beverages, clinical trial, research and developments, and blood transportation.
The temperature controlled packaging solutions come in two forms, namely, active system and passive system. Active packaging solutions are widely used because they enable transportation of any size packets to longer distances without damaging the products; due to their reusability property and high technology level, temperature controlled packaging solutions have made their mark in the global market in storage applications.
Europe Temperature Controlled Packaging Solutions Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers:
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NEED OF TEMPERATURE CONTROL IN PHARMACEUTICAL INDUSTRY
Temperature-controlled packaging is a critical part of the temperature supply chain. Pharmaceutical industry is amongst the fastest-growing industries around the globe as well in the European region. The industry deals in the discovering and developments of the drugs or other pharmaceutical products that are used as medications. Pharmaceutical companies deal in generic as well as branded drugs and are subjected to various stringent laws and regulations. Moreover, growth in the global population, especially the geriatric population, and increasing number of communicable and non-communicable diseases are playing a crucial role in propelling the pharmaceutical industry. This is increasing the demand for prescription and non-prescription drugs which are labeled as temperature-sensitive owing to their critical nature. Therefore, it has increased the need for temperature controlled packaging solutions for medicine transportation and this is expected to drive the Europe temperature controlled packaging solutions market
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GROWTH IN COLD CHAIN INDUSTRY
Cold chain and refrigerated shipping industry is majorly focused on the transportation of meat and other food from rural producers to urban markets, driving the trade market across Europe. In addition, emergence of third-party specialists has instituted new methods for shipment of temperature-sensitive ingredients in compliance with various regulatory and standardizing bodies. These emerging standards in the packaging of temperature controlled for the pharmaceutical and food industry are helping in the growth of the cold chain industry. Cold chain systems are crucial for trade growth in various products such as perishable products and pharmaceutical products worldwide. They help maintain the quality of the products and fulfill the end-users needs. The development of cold chain systems generates new markets for multiple sectors over an extended period, rather than a limited-edition export transaction. European countries spend a considerable amount of money and resources to build and maintain cold storage and transportation. The export policies of the European Union (EU) focus on developing international cold chains through improved regulatory settings with an increasingly skilled workforce and encouragement for investment in infrastructure. This is expected to drive the Europe temperature controlled packaging solutions market
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GROWTH IN INTERNATIONAL TRADE
International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer. Transportation of various products such as medicines, perishable products, clinical trials and many more has increased over the period and has hugely affected international trade. Developed trade practices have also helped improve the economic condition of the developing countries that are expected to drive the Europe temperature controlled packaging solutions market.
RESTRAINTS
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HIGH INVESTMENT AND MAINTENANCE COSTS
Temperature-controlled packaging solutions are increasingly becoming popular. However, higher initial investments and high maintenance costs for thermally controlled packaging is hampering revenue growth of the market to a greater extent. Owing to high maintenance cost as well as requirement of huge capital in initial stages of temperature controlled packaging, the manufacturers invest less in the temperature controlled packaging system, which is further expected to hinder the market growth.
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STRINGENT RULES & REGULATIONS FORMULATED BY GOVERNMENT AGENCIES
Several stringent government legislations and regulations on the use of temperature-sensitive products for producing temperature-controlled packaging solutions are estimated to restrict market growth. Moreover, many safety measures are essential to maintain during packaging of pharmaceutical and medicinal products like the container should be clean, dry and many more. These factors are predictable to limit the market growth of temperature-controlled packaging solutions for pharmaceuticals. Compliance with the manufacturers recommended storage conditions must be strictly followed to prevent damage. Manufacturers and logistics providers must also adhere to the government’s pertinent regulations concerning cold chain supply delivery. With ever-growing complexity in the global cold chain, however, there are continuing challenges to maintain compliance not only within company guidelines, but also within government regulations as well. Moreover, European Medicines Agency, and other regulatory agencies are continually imposing regulatory changes that leave pharma organizations in a vulnerable position that can curtail their efforts to bring innovation to the field. This will restrain the products’ demand in Europe.
OPPORTUNITY
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RAPID GLOBALIZATION
Globalization has helped reduce barriers and encourage the flow of goods, services, capital and labor between national economies over the years. Lowered tariffs and quotas have augmented free and open trade among various nations and helped globalize the world economy. Transportation and communication technologies have the most substantial impact in accelerating the pace of globalization. There is a rise in consumer disposable income and elevated lifestyle. As a result, there is a shifted preference towards canned food and luxury healthcare remedies, supporting the demand for temperature controlled packaging solutions. Owing to the increasing growth in the food & beverage sector and increased product wastage control movements, the United Nations has promoted temperature controlled packaging solutions in the market. In addition, growth in the healthcare industry and economic growth in the developing economies is projected to supplement the growth in the temperature controlled packaging solutions market.
CHALLENGE
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RISE IN RAW MATERIAL COSTS
There are various types of raw materials available in the market that are used to manufacture temperature controlled packaging solutions. These materials include expanded polystyrene, polyurethane and liquid nitrogen among many others. Major raw materials that are used in manufacturing of these packaging solutions are extracted from petroleum products. As a result, changes in the price of crude oil affect the cost of raw materials required to produce temperature-controlled packaging. The price of temperature-controlled packaging also rises as a result of the volatility in crude oil prices, which acts as a significant challenge to market expansion. Various companies such as Evonik (Germany) have increased the cost of the polyurethane additives by 5.0-10.0%, which has indirectly affected the price of polyurethane. Therefore, the increasing prices of the raw material used in the manufacturing of temperature controlled packaging solutions are expected to challenge the Europe temperature controlled packaging solutions market.
Recent Developments
- In December 2021, CSafe Global announced the acquisition of Softbox Systems. This acquisition will provide the most comprehensive suite of thermal shipping solutions, enabling the delivery of critical temperature-sensitive products, including next-generation biologics, cell and gene therapy, and mRNA therapies such as the COVID-19 vaccine. This acquisition will improve the performance of the target.
- In July 2020, CSafe Global hurled a new visual brand identity emphasizing consistency, quality, and innovation for their consumers and patients. CSafe Global is the only provider with a robust active and passive temperature-controlled portfolio. This update helped the company to increase revenue and product portfolio.
- In December 2018, Dokasch GmbH and Air Europa signed a master rental agreement. With the new deal, forwarders and pharma producers now have new direct transport options between Europe and Latin America. This update helped the company to increase revenue.
- In March 2021, Pelican BioThermal won an Asia Award for industry-leading packaging products. The company continues to expand its infrastructure and operations in Asia; Pelican BioThermal celebrated its third triumph at the coveted ceremony, which recognizes excellence within the biologics sector.
Europe Temperature Controlled Packaging Solutions Market Scope
The Europe temperature controlled packaging solutions market is categorized into three notable segments, by product & services, type, and industry. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
PRODUCT & SERVICES
- Product
- Services
On the basis of product & services, the market is segmented into product and services.
TYPE
- Passive System
- Active System
On the basis of type, the market is segmented into passive system and active system.
INDUSTRY
- Food & Beverages
- Healthcare
- Chemical
- Research Laboratories
On the basis of industry, the market is segmented into food & beverages, healthcare, chemical, and research laboratories.
Europe Temperature Controlled Packaging Solutions Market Regional Analysis/Insights
Europe temperature controlled packaging solutions market is analyzed, and market size insights and trends are provided by country and segments, as referenced above.
The countries covered in the Europe temperature controlled packaging solutions market report are Germany, France, U.K., Italy, Spain, Belgium, Netherlands, Switzerland, Russia, Turkey, and the rest of Europe.
Germany is dominating the Europe temperature controlled packaging solutions market because of need for temperature control in pharmaceutical industry. However, the stringent rules and regulations formulated by government agencies may restrict the growth of the market.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Temperature Controlled Packaging Solutions Market Share Analysis
Europe temperature controlled packaging solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus on the Europe temperature controlled packaging solutions market.
Some of the major players operating in the Europe temperature controlled packaging solutions market are Deutsche Post AG, Sonoco Products Company, FedEx, AmerisourceBergen Corporation, va-Q-tec AG, United Parcel Service of America, Inc., DS Smith, CSafe Global, DoKaSch GmbH, SkyCell AG, Sofrigam, Cold Chain Technologies, Intelsius, Envirotainer, and Peli BioThermal Limited among others.
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