Temperature Controlled Packaging Market Pin-Point Analysis for Changing Competitive Dynamics

Temperature Controlled Packaging Market to 2027 - Global Analysis and Forecasts by Packaging Type (Active, and Passive); End-user (Pharmaceutical, Healthcare, and Others)

Surge in demand form healthcare and pharmacueitcal industry to drive the temperature controlled packaging market in the coming years
Latest market study on "Temperature Controlled Packaging Market to 2027 by Packaging Type (Active, and Passive); End-user (Pharmaceutical, Healthcare, and Others); - Global Analysis and Forecast", the global temperature controlled packaging market is estimated to reach US$ 8.71 Bn by 2027 from US$ 5.18 Bn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The industries in North America are already working toward implementing a temperature controlled packaging systems for storage and transportation of temperature-sensitive products at a controlled temperature environment. Temperature controlled packaging systems comprises of designed packaging containers and shippers that maintain a controlled temperature environment to limit exposure of the product to low or high temperatures during shipment. Demand for transporting products from various industries in the North America region has considerably risen due to the need for packaging and logistics solutions. Hence, this factor is fuelling the demand for temperature controlled packaging solutions in the region.

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In the North America region, the U.S. is witnessing a rapid rise due to wide demand for shipments of perishable goods, and pharmaceutical and healthcare products in bulk. Furthermore, companies in the region are highly focused on product and service launch strategies to survive in the global market. For instance, In Sept 2018, Softbox Systems Ltd., US-based temperature controlled packaging provider has launched a green recycling service for its life science customers in the U.S. and Canada. The company provides packaging solutions that lessen waste and its impact on the environment. With the help of this service company's U.S. and Canada, customers can potentially reduce the cost of non-sustainable waste.

The healthcare end-use industry segment is anticipated to grow at a substantial rate during the forecast period. Owing to the growing usage of temperature controlled packaging systems to ship specialty drugs and vaccines. The active type segment is anticipated to grow at a higher CAGR due to the rising adoption of cost-effective active packaging systems by the healthcare industry. Temperature control during shipment is critical to avoid any damage to the healthcare materials. Several companies operating in the global market provides temperature controlled boxes and cooling packs to maintain the temperature required from pickup to delivery for the healthcare industry.

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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. For instance, some of the prominent market players operating in the North American and European market are ACH Foam Technologies LLC, Cold Chain Technologies, Inc., Pelican BioThermal LLC, Sofrigram SA, Sonoco Products Company, Tempack Packaging Solutions, S.L., Exeltainer, Cryopak A TCP Company, Softbox Systems Ltd., Sorbafreeze Ltd, and Eutecma GmbH to name a few prominent market players present in the regional market. Presently the region collectively occupied a significant portion of market share in terms of revenue, however, are anticipated to witness a moderate growth rate compared to emerging markets of Asia and the Middle East & African regions.

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