Cold Chain Packaging Market Insights and Global Outlook during 2021 to 2026 -Pelican BioThermal LLC, Sonoco Thermosafe, Cold Chain Technologies Inc., Coolpac

The Global Cold Chain Packaging Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Cold Chain Packaging Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Cold Chain Packaging market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Cold Chain Packaging industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The cold chain packaging market was valued at USD 132.6 billion in 2020 and is expected to reach USD 346.3 billion by 2026, at a CAGR of 18.3% over the forecast period 2021 - 2026.

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Top Companies in the Global Cold Chain Packaging Market: Pelican BioThermal LLC, Sonoco Thermosafe, Cold Chain Technologies Inc., Cryopak Industries Inc., Sofrigam Company, Intelius (A DGP Company), Coolpac, Softbox Systems Ltd., Clip-Lok SimPak, Chill-Pak.com., and Others.

Industry News and Update:

- September 2020 - Sonoco ThermoSafe released its new Pegasus ULD bulk temperature controlled container which is one of the world’s first passive bulk temperature-controlled container for pharmaceutical use that is an FAA-approved unit load device. It allows it to speed through existing international ground handling and customs processes at the lowest possible cost.
- June 2020 - Softbox launched ECO packaging solution Tempcell ECO, which is a new curbside-recyclable temperature control parcel shipper for the pharma cold chain industry. It is made from 100% corrugated cardboard and utilises the company's Thermaflute patent-pending plastic-free insulation technology. The product's cardboard is used to create effective insulation layers that offers thermal efficiencies similar to those of traditional expanded polystyrene shippers, whilst being easily and globally recyclable.

Key Market Trend:

Growth in Pharmaceutical Sector to Augment the Cold Chain Packaging Market

- Pharmaceutical manufacturers are mainly focusing on quality and product sensitivity. Increase in development of more complex biological-based medicines, shipments of hormone treatments, vaccines, and complex proteins that require cold chain refinements need to transport in a controlled temperature which can be achieved by cold chain packaging. Packaging of temperature-controlled pharmaceutical products and medical devices is witnessing considerable growth in the overall healthcare industry.

- According to Almac Pharma Services, the pipeline of biologic drugs in development are becoming more temperature-sensitive, resulting in an increase in storage of bulk drug substance at frozen temperatures (-40 to -70 C). The company adds that labeling, packing, and distributing cell and gene therapy products often requires products to be stored and processed at ultra-low temperatures (-20 to -80 C), with the products only being defrosted immediately prior to use.

- In the year 2020, global biopharma sales were estimated at more than 370 billion dollars. These high-value pharmaceutical products are mostly shipped via the cold chain across the entire distribution network worldwide. Thus, growth in pharmaceuticals is anticipated to propel the cold chain packaging market.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Cold Chain Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Cold Chain Packaging market:

–   Who are the key players operating in the Cold Chain Packaging market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2026)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Cold Chain Packaging market in the next five years? 

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