Temperature Controlled Packaging Solutions Market worth $80.1 billion by 2026 | Key players Sonoco Products Company, Cold Chain Technologies, LLC, Softbox Systems, Sofrigam SA, Inmark.

According to recent market research the "Temperature Controlled Packaging Solutions Market by Type (Active, Passive), Product, Usability (Single, Reuse), Revenue type (Product, Service), End-Use Industry (Pharma and Biopharma) & Region - Trends and Forecasts Up to 2026", size is estimated to be USD 34.4 billion in 2021 and is projected to reach USD 80.1 billion by 2026, at a CAGR of 18.4% between 2021 and 2026 Biopharma and Pharma are major end-use industries for TCP market. It includes Vaccines, drugs, enzymes, tissues, gene therapies, cell therapies and others are some examples of the product from the industries. These products require a lower temperature for shipping. In 2020, due to the COVID-19 pandemic, the demand for the COVID-19 vaccine, cell and gene therapies, other flu vaccines have increased significantly. The growing demand for pharmaceutical products is driving TCP market during the forecast period. Moreover, utilisation of advance insulation material in packaging and increasing demand of reusable container due to lower environment impact are other driving factors for TCP market.

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Pharma industries include products that are derived from synthetic or chemical processes (artificial sources). The medicines, raw materials, active pharmaceutical ingredients (API), and other drugs require a temperature-controlled environment to maintain their efficacy and other properties. The demand for pharma products is growing steadily across the globe and for safe & secure distribution, these products are shipped in temperature-controlled packaging (TCP) solutions. The growing demand for pharmaceutical products expects to drive the market for temperature-controlled packaging solutions during the forecast period.

Single-use packaging systems are basic containers that are suitable for one shipment. These containers are a lightweight and an inexpensive option for shipment of temperature sensitive products. The single-use products provide a low total cost of ownership (TCO) to its customers. The growing demand for pharmaceutical or biopharma products (Vaccines, cell and gene therapy, and clinical trials) is expected to drive the market for single-use packaging systems in the forecast period.

Temperature-controlled packaging providers focus on high-performance shippers/containers and refrigerants for safe and secure shipment of payload over long transit time. These packaging systems are available in various sizes and temperature ranges. Primarily, there are three types of shippers/ containers available: Expanded polystyrene (EPS), Polyurethane (PUR), and Vacuum insulated panel (VIP). In the COVID scenario, the demand for vaccines, drugs, and cell & gene therapy has increased. The distributions of these products have increased the demand for temperature-controlled packaging products.

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Insulated shippers are lightweight, reusable, recyclable, and economical. These shippers encompass two pieces that include a tight-fitting lid and a seamlessly moulded body. Insulated shippers are mainly used as a packaging material, as they ensure safe transportation of various temperature-sensitive products. These are suitable for carrying a temperature-sensitive payload of volume ranging from 4 liters to 100 liters. These shippers enable quick preconditioning & packing of payload and maintain the temperature of payload duration for about 48 hours to 120 hours, which could increase with appropriate insulating materials and refrigerants. These shippers are ideal for pharmaceuticals and clinical trial shipments.

North America accounted for the largest share of the TCP market in 2020, followed by APAC and Europe. The region accounted for a significant global pharmaceutical market share with the presence of leading pharmaceutical industries in the US. This large share is mainly attributed to the technological advancements in the packaging industry of this region. 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.

The leading players in the TCP market are Sonoco Products Company (US), Cold Chain Technologies, LLC (US), Va-Q-Tec AG (Germany), Pelican BioThermal LLC (US), Softbox Systems (UK), Sofrigam SA (France), DGP Intelsius GMBH (UK), Inmark, LLC (US), Envirotainer AB (Sweden), Fedex Corporation (US) and Amerisourcebergen Corporation (US).

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Sonoco Products Company manufactures industrial & consumer packaging solutions and provides packaging service to varied industrial verticals. It was founded in 1899 and headquartered in Hartsville, US. The business is divided into four segments: Consumer Packaging; Paper & Industrial Converted Products; Display & Packaging; and Protective Solutions. The company has its operation in 320 locations across 34 countries globally. Protective Solutions segment consists of protective packaging based on paperboard & expanded foam and temperature-controlled packaging. Protective Solutions segment has 32 plants worldwide and its market includes electronics, appliances, automotive, medical devices, and temperature-sensitive food and pharmaceutical products. The company provides the temperature control packaging solution under the name Sonoco ThermoSafe. The application industries include Biotech, Fresh & Frozen Food, Pharmaceutical and Clinical Diagnostics.

Cold Chain Technologies, LLC is a manufacturer and distributor of thermal packaging solutions for temperature-sensitive products. It was founded in 1967 and headquartered in Franklin, US. The product portfolio includes Qualified Shipping Solutions, Refrigerants, Insulated Containers, and Temperature Monitoring. The company provides products and services to end-use industries such as Pharmaceutical & Biotech Manufacturers, Clinical Trial Distribution, Third Party Logistics (3PL), Mail Order & Specialty Pharmacies, and Tissue/Organ Donors. The company has business operations globally across the Americas, EMEA, and APAC. The company has a production facility present in Massachusetts, Tennessee, and Nevada in the US.

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