Temperature Controlled Packaging Solutions Market Poised to Garner Maximum Revenues During 2025

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.

Get Sample Copy of this report @ https://www.xploremr.com/connectus/sample/770

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 packaging 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.

Buy Now Full Report @ https://www.xploremr.com/cart/reports/buynow/770

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
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.

Report Overview @ https://www.xploremr.com/report/770/temperature-controlled-packaging-solutions-market

About Us

XploreMR is one of the world’s leading resellers of high-quality market research reports. We feature in-depth reports from some of the world’s most reputed market research companies and international organizations. We serve across a broad spectrum – from Fortune 500 to small and medium businesses. Our clients trust us for our unwavering focus onquality and affordability. We believe high price should not be a bottleneck for organizations looking to gain access to quality information.

XploreMR
111 North Market Street, Suite 300,
San Jose, CA 95113, United States

This release was published on openPR.