Temperature Controlled Packaging Solutions for Pharmaceuticals Market: Chilled Segment by Application to Lead in Terms of Market Share During the Forecast Period

Growth boosting factors

The global temperature controlled packaging market has witnessed a strong growth over the past few years as pharmaceuticals and drug monitoring authorities across geographies are focussing on framing stringent legislations to handle and distribute pharmaceutical products. These regulations are prominent and comparatively stringent in developed countries as compared to the rest of the world.

Another factor driving this market is the critical risk of damage to products and anti-counterfeiting during transport in pharmaceutical and biotechnology supply chains. To eliminate this, regulations are being implemented in the U.S and Europe to harmonise manufacturing, processing and distribution of temperature-sensitive pharmaceutical products.

Also, demand for biologics is anticipated to outpace overall pharmaceuticals spending growth, and biologics are expected to represent 20% growth in the near future.

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Passive cooling is the most economically viable method for pharmaceutical products, considering the low volumes. Also, distribution of products with varying temperature range to different pharmacy locations is a challenge that can be addressed through effective cold chain packaging.

Developing countries such as Brazil, India, and China are potential markets for pharmaceuticals. Increasing investment in the pharmaceuticals industry has been witnessed in developing countries due to higher demand for medications and existing production cost advantages in these countries.

Market restraints

Restraints faced by the industry are high costs associated with temperature controlled pharmaceutical packaging. Need for better handling of temperature sensitive pharmaceutical products has resulted in increased research for more advanced temperature controlled packaging insulation materials such as VIP, PCMs, and sheep wool. Recent trends observed in the temperature controlled packaging solutions market is the focus of pharmaceutical manufacturers on outsourcing packaging and transportation of temperature sensitive products to third party logistics companies.

3PLs offer customised end-to-end solutions for various products requiring different temperature ranges and type of handling. Strong distribution network of most 3PLs enables pharmaceutical companies to access new consumer base across the globe.

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Segmental forecast

The temperature controlled packaging for pharmaceutical market is segmented by product type into insulated shippers, insulated protective shippers, insulated containers and others segment. Among the insulated shippers market, it is segmented into panels and envelopes, EPS foam container, fiberboard and PUR. Further, insulated containers is segmented into chest style and upright style.

By application type, the temperature controlled packaging for pharmaceutical market is segmented into frozen, chilled and ambient segment.

On the basis of region, APEJ is anticipated to dominate the global temperature controlled packaging for pharmaceutical market. North America and Western Europe regions are anticipated to gain a 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.

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This release was published on openPR.