Pharmaceutical Temperature-controlled Packaging Market 2019 Global Major Key Players:Envirotainer AB, Cold Chain Technologies, Sofrigam, Pelican Bio Thermal, Sonoco ThermoSafe, Softbox Systems, DHL International

Global Temperature Controlled Packaging Market for Pharmaceutical industry: By Product (Insulated Shippers and Insulated Containers), By Type (Active Systems and Passive Systems), By Temperature Range (Up to 10°C, 10°C to 20°C and More than 20°C), By Payload Capacity (Up to 10 L, 10-20 L, 20-40 L, 40-150 L and More than 150 L), By Type of Use (Single Use and Reusable), By End-Use Industry (Pharmaceutical and Clinical Trial) and By Region - Forecast Till 2023

Sonoco ThermoSafe, Sofrigam, DB Schenker, United Parcel Service of America, Inc. (UPS), Cold Chain Technologies, Softbox Systems Limited, KUEHNE + NAGEL INC, DHL International GmbH, Envirotainer AB, Pelican Bio Thermal, Storopack Hans Reichenecker GmbH, va-Q-tec AG are the notable players in the global temperature-controlled packaging for pharmaceutical products.

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One of the most significant challenges met by the pharmaceutical industry is delivering temperature-sensitive products such as vaccines or lab samples to the market. Drugs such as insulin or the ones used in the treatment of cancer require constant temperature control to maintain their stability. As per the analysis of Market Research Future (MRFR), the global temperature-controlled packaging for pharmaceutical market is projected to attain a valuation of USD 8,762.4 Mn at an impressive CAGR of 9.48% by the end of the forecast period of 2018-2023. The global temperature-controlled packaging for pharmaceutical market was valued at USD 5,116.0 Mn in 2017.

As the pharmaceutical industry continues on an upward growth trajectory, it provides an impetus for the latest generation of high-performing packaging products since the quality of pharmaceutical products has a direct effect on the patient safety and efficacy of therapies. With the rise in shipment of temperature-sensitive pharmaceutical products globally, there is greater demand for innovative packaging solutions on the temperature-controlled packaging for pharmaceutical market.

A driver for a substantial proportion of the projected growth of the global temperature-controlled packaging for pharmaceutical is the surge in the development of biologically-based pharmaceuticals. A large number of newly approved drugs are expected to be temperature-controlled biosimilars and biologics which would generate additional demand for temperature-controlled packaging.

Pharmaceutical manufacturers are progressively adopting smarter cold chain technology to ensure the safety of evolved drug portfolios and complex biological drugs. Other driving factors include expanding R&D budgets of pharmaceutical companies which lead to innovations, and a greater focus on the reduction of vaccine wastage. On the contrary, the growth of the global temperature-controlled packaging for pharmaceutical market can be deterred by the rise in the price of raw materials which raise the overall production cost.

Segmentation

The global temperature-controlled packaging for pharmaceutical market has been segmented based on product, type, temperature range, payload capacity, type of use, and end-use industry.

By product, the global temperature-controlled packaging for pharmaceutical market has been segmented into insulated shippers and insulated containers. The insulated shippers segment is the leading segment and is expected to remain dominant over the forecast period.

By type, the global temperature-controlled packaging for pharmaceutical market has been segmented into active systems and passive systems. The active systems segment is the largest segment and was valued at USD 3,587.7 Mn in 2018 and is expected to register a CAGR of 9.14% over the forecast period.

By temperature range, the global temperature-controlled packaging for pharmaceutical market has been segmented into Up to 10°C, 10°C to 20°C, and More than 20°C. The up to 10°C segment is the largest segment and is likely to attain USD 4,329.4 Mn at a CAGR of 9.93% by the end of the forecast period.

By payload capacity, the global temperature-controlled packaging for pharmaceutical market has been segmented into Up to 10 L, 10-20 L, 20-40 L, 40-150 L, and More than 150 L. The up to 10 L segment is the largest segment and was valued at USD 1,678.4 Mn in 2018. The segment is expected to capture a CAGR of 9.53% while the 40-150 L segment is the second largest as well as the fastest-growing segment which is anticipated to exhibit a CAGR of 9.88% over the forecast period.

By type of use, the global temperature-controlled packaging for pharmaceutical market has been segmented into single-use and re-usable. The single-use segment is the largest segment and was valued at USD 4,549.1 Mn in 2018.

By end-use industry, the global temperature-controlled packaging for pharmaceutical market has been segmented into pharmaceutical and clinical trial. The pharmaceutical segment is the largest segment while the clinical trial segment is expected to be the fastest-growing segment at a CAGR of 10.08% over the forecast period.

Regional Analysis

By region, the global temperature-controlled packaging for pharmaceutical market has been segmented into Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).

North America is one of the significant growth pocket for temperature-controlled packaging for pharmaceutical products. Stringent pharmaceutical products safety policies in the region, especially in the US and Canada coupled with the steep growth in the pharmaceutical industry is responsible for driving the growth of the North America market. A considerable rise in R&D investment and innovations within the industry are other growth influencers. The US boasts of one of the largest pharmaceutical industries across the globe and is a key contributor to the North America market.

Europe is an emerging market for temperature-controlled packaging for pharmaceutical products spurred by strict regional goods distribution practices. Additionally, the region has been a frontrunner in the field of innovation and development of novel packaging solutions. Germany is a key contributor to the Europe market where renowned companies such as Bayer, BASF, and Deutsche Post AG (DHL) have their presence. The Europe market is expected to capture a CAGR of 9.42% over the forecast period.

Asia Pacific market for temperature-controlled packaging for pharmaceutical products stores a host of opportunities for market growth. The pharmaceutical industry in China is one of the fastest growing industries in China. Increased investment in R&D coupled with increased pharmaceutical spending from the government of various countries in the region aids the growth of the market in APAC. Besides, the growing number of contract research organization (CROs) in the region acts as a plus for the growth of the market. The APAC temperature-controlled packaging for pharmaceutical market is estimated to witness a CAGR of 10.02% over the forecast period.

The RoW market is expected to showcase moderate growth over the forecast period. Region such as Latin America and the Middle East lack the infrastructure needed for clinical trial processes which limit the growth of the market. Moreover, lack of skilled workforce and lack of logistics facility hamper the growth of the market.

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Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growth in the Pharmaceutical Industry
4.2.2 Adoption of Smarter Cold Chain Technology
4.2.3 Increase in R&d Investment in the Pharmaceutical Industry
4.2.4 Drivers Impact Analysis
4.3 Restraint
4.3.1 Rise in Raw Material Costs
4.3.2 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Balanced Clinical Trial Processes With an Authentic Data System
4.4.2 Government Support

5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Rivalry
5.2 Supply Chain Analysis

Continued......

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Temperature-controlled Packaging for Pharmaceutical Market, by Type, 2016-2023 (Usd Million)
Table 4 Global Temperature-controlled Packaging for Pharmaceutical Market, by Product, 2016-2023 (Usd Million)
Table 5 Insulated Shippers: Temperature Controlled Packaging for Pharmaceuticals Market, by Type, 2016-2023 (Usd Million)
Table 6 Global Temperature-controlled Packaging for Pharmaceutical Market, by Temperature Range, 2016-2023 (Usd Million)
Table 7 Global Temperature-controlled Packaging for Pharmaceutical Market, by Payload Capacity, 2016-2023 (Usd Million)
Table 8 Global Temperature-controlled Packaging for Pharmaceutical Market, by Type of Use, 2016-2023 (Usd Million)

Continued......

List of Figures

Figure 1 Global Temperature-controlled Packaging for Pharmaceutical Market: Market Structure
Figure 2 Research Process of Mrfr
Figure 3 Top Down & Bottom Up Approach
Figure 4 Dro Analysis of Global Temerature Controlled Packaging for Pharmaceutical Market
Figure 5 Global Pharmaceutical Spending, 2005-2015
Figure 6 Drivers Impact Analysis
Figure 7 Polystyrene Price, 2013-2018, (Usd/kg)
Figure 8 Restraint Impact Analysis
Figure 9 Porter's Five Forces Analysis of the Global Temperature Controlled Packaging for Pharmaceutical Market
Figure 10 Supply Chain Analysis

Continued......

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