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Temperature Controlled Packaging Market 2027 - Tempack Packaging Solutions, Exeltainer, Cryopak A TCP , Softbox System, Sorbafreeze

06-02-2020 07:08 PM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

Temperature Controlled Packaging Market

Temperature Controlled Packaging Market

The temperature controlled packaging market accounted for US$ 5.12 Bn in 2018 and is expected to reach US$ 8.71 Bn by 2027 with a CAGR growth rate of 6.1% during the forecast period.

North America and European region market are fragmented owing to the presence of the multiple numbers of market players operating in the temperature-controlled packaging solutions space. However, the temperature controlled packaging market does constitute a selected number of market players who have established themselves as prominent market players through extensive geographical presence as well as significant customer base through their business offerings.

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Major vendors covered in this report:
o ACH Foam Technologies
o Cold Chain Technologies
o Pelican BioThermal
o Sofrigram SA
o Sonoco Products
o Tempack Packaging Solutions
o Exeltainer
o Cryopak A TCP
o Softbox Systems
o Sorbafreeze

In the past few years, the healthcare and pharmaceutical industry has witnessed an unprecedented rise in demand for temperature-controlled packaging due to an increase in the number of the aging population globally. Factors such as rise in disposable income of the individuals, accessibility of medical facilities, growing investment towards the improvement of cold chain infrastructure and positive growth of end-user industries have attributed to the growth of the temperature-controlled packaging market. Additionally, diverse industry vertical across healthcare and pharmaceutical industries has also facilitated in substantial growth of a broad range of solutions and products offered by the companies is also continue to drive the market growth through meeting the functional requirement of the end-users.

The increasing percentage of the aging population across both developed as well as developing economies have shown a notable positive correlation with the growth of cold chain logistics value chain and subsequently temperature-controlled packaging in storage and transportation operations across the healthcare and pharmaceutical end-users. Moreover, the growing middle-class income group across different demographic regions have boosted the penetration of improved vacuum insulated packaging, phase change materials and other packaging systems into various markets in the past few years.

The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2020-2025? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Temperature Controlled Packaging market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Temperature Controlled Packaging market?
4. What are the prominent market trends influencing the development of the Temperature Controlled Packaging market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Temperature Controlled Packaging market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Temperature controlled packaging solutions are designed to maintain better and protect temperature-sensitive products to confidently ship it over extended logistics cycles. This enables to deviate from costly shipping methods used to ship goods in the end-use industry. The packaging solutions as a simple instrument for marketing is changing to match the needs of various industry. New types of temperature controlled packaging have been and will be developed to meet the needs of the end-use industry. Apart from features of safety, quality, and distribution already outlined, temperature controlled packaging act as a potential marketing tool. The use of one or more types of temperature controlled packaging would increase the shelf-life of the product. Nevertheless, the development and implementation of packaging would depend on the acceptance and cost-effectiveness for the industry. Further, growth in globalization and the emergence of new technology drive the temperature controlled packaging market.

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In the end, the primary and foremost goal of this Temperature Controlled Packaging report is to aid the user check out the market about its definition, distribution, market capability, trends and the obstacles that the market is facing. We have done a knowledgeable and insightful study while developing the research document.

Pune,india

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials

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