Temperature Controlled Pharmaceutical Packaging Solutions Market : Novel Therapies, New Drug Development and Increasing Clinical Trials

Temperature-controlled packaging solutions for pharmaceuticals are used for packing of highly reactive and temperature-sensitive pharmaceutical products such as medicines for treatment of rare diseases and injections.

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Drivers and Trends

Temperature-controlled packaging solutions for pharmaceuticals market is indirectly related to GDP of various countries across the globe due to their widespread application in storage and transportation of temperature-sensitive pharmaceutical products. Due to surge in manufacture and supply of temperature-sensitive pharmaceutical products, the TCPSP market is estimated to expand at a CAGR of 9.3% over 2016–2026, in terms of revenue. With an anticipated increase in manufacturing in North America and APEJ over the next few years, demand for temperature-controlled packaging solutions for pharmaceuticals in the aforementioned regions is expected to increase significantly through 2026. Some major factors driving growth of the global temperature-controlled packaging solutions for pharmaceuticals market are rising focus on reducing wastage of critical biologics, increasing demand for temperature-controlled packaging in developing countries, development of novel therapies, new drug development and increasing clinical trials catapulting demand for cold chain packaging solutions for pharmaceuticals, among others. Major trends identified in the market are outsourcing packing and transportation to avoid complexities, increasing focus on use of reusable packaging containers, increased focus of renting of insulated containers, among others.

Market Taxonomy

Future Market Insights, in its report titled, “Temperature-controlled Packaging Solutions for Pharmaceuticals Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”, has categorized the TCPSP market into key segments based on product type, application, and region. On the basis of product type segment, the global TCPSP market is divided into four segments: insulated shippers, insulated protective shippers, insulated containers and others. Insulated shippers segment further consist of three sub-segments: panels and envelopes, EPS foam container, fibreboard and PUR. Insulated containers segment is further segmented into chest style and upright style sub-segments. On the basis of application, the global TCPSP market is divided into frozen, chilled, and ambient. On the basis of region, the global TCPSP market is segmented into North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, MEA and Japan.

Analysis, by Region

The TCPSP market in APEJ is expected to expand at a robust CAGR in terms of value during the forecast period. The region is expected to account for a value share of around 22.8% of the global TCPSP market by the end of the 2026. In terms of value, North America is expected to account for a major value share of the global TCPSP market during the forecast period.

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Analysis, by Product Type

By product type, insulated shippers segment in the global TCPSP market is slated to expand at the fastest CAGR during the forecast period in terms of value. Growth of this segment is primarily driven by increase in safety of pharmaceutical products when stored in these boxes, high stability, and ease of transportation. In terms of market value, insulated containers segment is expected to expand at a moderate CAGR during the forecast period. Some of the market players featured in this report are as follows:

Sonoco Products Company
Pelican Biothermal
Sofrigam SA Ltd.
Cryopak
Cold Chain Technologies
Envirotainer Ltd.
va-Q-tec AG
Inmark Packaging
American Aerogel Corporation

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This release was published on openPR.