Press release
Temperature Controlled Packaging for Pharmaceuticals Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027 - Mondi Group, Pelican Biothermal, Cold Chain Technologies
The Temperature Controlled Packaging for Pharmaceuticals Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The Global Temperature Controlled Packaging for Pharmaceuticals Market Size is Projected to Reach at a CAGR of 8% during 2021-2027.
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Top Leading Companies:
Sonoco Products Company, Mondi Group, Pelican Biothermal, Cold Chain Technologies, Snyder Industries, Americk Packaging Group
Recent Developments
In March 2021, Cold Chain Technologies planned to expand its temperature-controlled solutions in EMEA (Europe, the Middle East, and Africa) region by opening new regional headquarters in the Netherlands.
In November 2020, Sonoco Products Company launched EOS line of parcel shippers. The product is a recyclable temperature control packaging system. The product is made for life science and perishable food products.
In November 2020, Cold Chain Technologies planned to open a new facility in Lebanon, US for the distribution of COVID-19 vaccines.
In October 2020, Pelican BioThermal LLC introduced the new line of Golden Hour One, the new line of products for the military. The product is smaller and is suitable to carry blood and platelets.
In February 2020, Pelican BioThermal LLC announced the acquisition of NanoCool LLC (Albuquerque, New Mexico). The company is involved in the production of temperature-controlled packaging systems.
In January 2020, Sonoco Products Company acquired Thermoform Engineered Quality, LLC from ESCO Technologies, Inc (US). The company is a manufacturer of thermoformed packaging for health care and other markets.
Temperature Controlled Packaging for Pharmaceuticals Market Segmentation by Type:
Active Temperature Controlled System
Passive Temperature Controlled System
Temperature Controlled Packaging for Pharmaceuticals Market Segmentation by Application:
Pharmaceutical
Clinical Trials
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North America is estimated to be the fastest-growing market for TCP.
North America accounted for the largest share of the TCP market in 2020, followed by APAC and Europe. The utilization of TCP is expected to witness the highest growth in the region during the forecast period. The market in this region is driven by the presence of global pharma and biopharma industries. Due to COVID-19, the demand for COVID-19 vaccines and other related products has increased significantly. The supply and distribution of COVID-19 vaccines require a temperature-controlled packaging solution. Leading temperature-controlled packaging manufacturing companies such as Pelican BioThermal LLC (U.S.), Sonoco Products Company (U.S.), Cold Chain Technologies, Inc. (U.S.), FedEx Corp. (U.S.), and AmerisourceBergen Corp. (U.S.) are based in North America. These companies are investing in R&D activities to develop innovative products for the packaging industry.
Regional Temperature Controlled Packaging for Pharmaceuticals Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Temperature Controlled Packaging for Pharmaceuticals Market Report:
Detailed overview of Temperature Controlled Packaging for Pharmaceuticals Market
Changing the Temperature Controlled Packaging for Pharmaceuticals market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Temperature Controlled Packaging for Pharmaceuticals market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Temperature Controlled Packaging for Pharmaceuticals Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Temperature Controlled Packaging for Pharmaceuticals Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Temperature Controlled Packaging for Pharmaceuticals industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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