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Growing Biologics and Bio-similar Drug Development to Boost Demand in the Global Passive Temperature-Controlled Packaging Solutions Market

11-13-2017 12:40 PM CET | Health & Medicine

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Growing Biologics and Bio-similar Drug Development to Boost

Temperature controlled packaging solutions are predominantly used in the healthcare, food & beverages and chemical industries for transportation and storage of temperature sensitive products at a controlled temperature environment. Stringent regulation regarding goods distribution practices of perishable pharmaceutical and food products have led to a wide-scale adoption of temperature controlled packaging solutions. A large segment of bio-pharma and bio-similar products require temperature assured packaging (TAP), to maintain the efficacy of the product.

In the F&B industry, perishable food products particularly meat, fish, dairy products, specialised foods, etc. require strict temperature control to maintain the product quality. An insulated container coupled with coolants or a refrigerated truck is widely incorporated for the purpose of inter/intra city transportation of these products. Temperature controlled packaging is also used for the transportation of small quantities of speciality chemicals that are otherwise unstable and require strict temperature control throughout their life cycle.

Market Value and Forecast

The global passive temperature-controlled packaging solutions market is estimated to be valued at US$ 7,613.6 Mn by the end of 2017 and is expected to expand at a 9.0% CAGR over the forecast period (2017–2027), to be valued at US$ 18,046.6 Mn by the end of the forecast period.

Obtain Report Details @
https://www.futuremarketinsights.com/reports/passive-temperature-controlled-packaging-solutions-market-092017

Market Dynamics

Passive temperature-controlled packaging solutions consists of specially designed packaging shippers and containers that maintain a controlled temperature environment to limit exposure of the packed product to high or low temperatures during transit.

In recent years, the need for transporting specialised pharmaceutical products globally has significantly risen, and so the need for its packaging and logistics solutions. This coupled with rising demand for biologics and adherence to strict regional goods distribution practices (GDP’s), is primarily fuelling the demand for passive temperature-controlled packaging solutions for pharmaceuticals.

Rising demand for perishable products such as meat, fish and dairy products in Asia Pacific, coupled with increasing preference towards frozen food globally is igniting local as well as global logistic chains catering to the F&B industry, and as these products require strict temperature assurance during transportation, they contribute significantly to the rising revenues of the global passive temperature-controlled packaging solutions market.

However, high cost of advanced Temperature Controlled Packaging (TCP) solutions restrain those to be utilised for cheaper pharmaceutical products, and hence poses a significant restraint for the growth of passive temperature-controlled packaging solutions globally.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-5073

Market Segmentation by Product Type

On the basis of product type, the market is categorised into Insulated Shippers, Insulated Containers and Others segment. Insulated shippers segment is further sub-segmented into Envelops & Panels, Expanded polystyrene (EPS), Polyurethane (PUR), Vacuum Insulated Panels (VIP) and others. Insulated containers segment is sub-segmented into chest and upright types. Among all the segments, the insulated containers segment is expected to dominate during the forecast period.

Key Regions

In this report, the global passive temperature-controlled packaging solutions market has been segmented into seven major regions namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). Globally, in terms of revenue, Western Europe and Eastern Europe will together dominate the market throughout the forecast period. North America is estimated to account for the highest share of 24.5% in 2017, followed closely by Asia Pacific Excluding Japan (APEJ), which is estimated to account for a share of 22.4%.

Meanwhile, revenue from the market in Latin America is expected to expand at CAGR of 9.7% over the forecast period. Moreover, Latin America, APEJ and MEA are expected to be the most favourable regions in terms of incremental opportunities lying ahead for high revenue generation. The mature markets i.e. North America and Western Europe are likely to create a substantial demand for passive temperature-controlled packaging solutions.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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