Press release
Temperature Controlled Packaging Solutions for Pharmaceuticals Market: Chilled Segment by Application to Lead in Terms of Market Share
Stringent regulations to handle and distribute pharmaceutical products, critical risk of damage to products and anti-counterfeiting during transport in pharmaceutical and biotechnology supply chains is expected to stimulate the sales of temperature controlled packaging solutions for pharmaceutical market across the globe by the end of 2027.Demand for biologics is anticipated to outpace overall pharmaceuticals spending growth, and biologics are expected to represent 20% growth in the near future. Novel therapies, new drug development and increasing clinical trials catapult demand for cold chain packaging solutions for pharmaceuticals.
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Restraints faced by the industry include high costs associated with temperature controlled pharmaceutical packaging. There is a need for better handling of temperature sensitive pharmaceutical products and this has resulted in increased research for more advanced temperature controlled packaging insulation materials such as VIP, PCMs and sheep wool.
On the basis of product type, the temperature controlled packaging for pharmaceutical market is segmented into insulated shippers, insulated protective shippers, insulated containers and others segments. Among the insulated shippers market, it is segmented into panels and envelopes, EPS foam container, fibreboard and PUR. Further, insulated containers segment is segmented into chest style and upright style. By application type, the temperature controlled packaging for pharmaceuticals market is segmented into frozen, chilled and ambient segment.
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On the basis of region, APEJ is anticipated to dominate the global temperature controlled packaging for pharmaceuticals market. North America and Western Europe regions are anticipated to gain a market share of 26.5% and 21.2% respectively by the end of 2027. This is followed by Eastern Europe, which is expected to hold a share of 6.4% by the end of 2027.
Key players in the global temperature controlled packaging solutions for pharmaceuticals market profiled in the report include Sonoco Products Company, Pelican Biothermal, Cryopak, Cold Chain Technologies, Envirotainer Ltd., va-Q-tec AG, Inmark Packaging, American Aerogel Corporation, Snyder Industries, Inc., ACH Foam Technologies, LLC, Tempack Packaging Solutions, S.L., EcoCool GmbH, Exeltainer SL, Intelsius, Inno Cool India Pvt. Ltd., Softbox Systems, Insulated Products Corporation, TKT GmbH, and Saeplast America, Inc.
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