Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Temperature Controlled Packaging Solutions for Pharmaceuticals Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Temperature
Controlled Packaging Solutions for Pharmaceuticals Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Temperature
Controlled Packaging Solutions for Pharmaceuticals Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Temperature
Controlled Packaging Solutions for Pharmaceuticals Market is offered. In accordance with the report, the global
Temperature Controlled Packaging Solutions for Pharmaceuticals Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Temperature
of the commodities is an important aspect of the pharmaceutical industry.
Certain medical equipment, injections and medicine are sensitive and reactive
to temperature fluctuations. The preservation of the product quality and the
minimization of risk are the main objectives behind the deployment of
temperature controlled packaging solutions in the pharmaceutical industry.
Market Drivers
Temperature
controlled packaging solutions plays a pivotal role in the preserving product
quality on all accounts of the supply chain for the stabilization of the
internal temperature. Temperature controlled packaging solutions are employed
in the inactive ingredients of the pharmaceutical industry for balanced
temperature, clinical trials, biological products and samples, vaccines and
medical products having a time limit. These factors are fueling the demand for
this product.
Strict
norms of the governments for the implementation of safety packaging solutions
to improvise the distribution of the commodities of pharmaceutical industry.
For instance, the shipment of pharmaceutical products in accurate condition and
temperature which is in line with documents for proper storage of prescription
drugs by the Food and Drug Administration has propelled the growth of the
temperature controlled packaging solutions for pharmaceutical industry.
Involvement
in research and development activities to improve production and distribution
of in the biotechnology and pharmaceutical industry coupled with rapid
development of innovative products is bolstering the growth of this market. The
demand for cold packaging solutions is on a rise on account of the development
of advanced therapies including r-proteins and stem cells and novel drugs which
is driving this market.
The
Covid-19 epidemic has accelerated different aspects of the healthcare and
medical industry and the pharmaceutical industry which in turn is positively
affecting this market.
Market Restraints
Huge
capital investment and premium operational cost complementary to the
temperature controlled packaging solutions for pharmaceuticals is negatively
affecting this market.
Rigid
directives and legislatives of the government with regard to the utilization of
certain products of the pharmaceutical industry is impeding the growth of this
market.
Very
few companies employ such advanced packaging products. The lack of awareness
over the benefits of using such packaging solutions among the players of the
pharmaceutical industry is hindering this market.
The
adherence to numerous precautionary measures during the packaging process of
pharmaceutical products which include opting for dry and sterilized containers
are threatening the growth of this market.
Opportunities
The
advocacy of high-performing convection systems during storage and shipment of
pharmaceutical products is a good scope for this market. The utilization of
vacuum panel insulation improves the shelf life of the products is a positive
step ahead. Technological advancement and its application in this sector are
expected to accelerate growth in this market.
The
rising number of people suffering from chronic and rare diseases is charging
the development of high valued medications. These drugs have a shorter life
span and proper temperature-based storage procedures has to be strictly
followed. This is widening the application of ultra-low temperature range packaging
solutions.
Trends
Although
the North American region dominates this market but it is expected to lose its
domination in the forecast period. The reason behind such setback can be traced
back to the outcome of Covid-19 epidemic that has disrupted the supply chain of
this market in this region and the dearth of raw material and human resources
accompanying it. The Asia Pacific region is projected to witness significant
growth in this region in the forecast period. The adoption of advanced
temperature controlled packaging insulation solutions including VIPs and PCMs
because of its lightweight and product diversity is projected to gain traction
in the forecast period.
Segment Covered:
This market
intelligence report on the global Temperature Controlled Packaging Solutions
for Pharmaceuticals Market encompasses
market segments based on product, type, payload capacity, application and country.
By Product the global Temperature Controlled Packaging
Solutions for Pharmaceuticals Market has been divided into:
q Insulated
Snipers
o PUR
Containers
o Fiberboard
o EPS
Foam Containers
o Panels
and Envelopes
q Insulated
Protective Shippers
q Insulated
Containers
o Upright
Style
o Chest
Style
q Others
By Type the global
Temperature Controlled Packaging Solutions for Pharmaceuticals Market has been
divided into:
q Passive
Systems
q Active
Systems
By Payload Capacity the global Temperature Controlled
Packaging Solutions for Pharmaceuticals Market has been divided into:
q More
Than 150L
q 40 –
150L
q 20 –
40L
q 10 –
20L
q Up To
10L
By Application the global Temperature
Controlled Packaging Solutions for Pharmaceuticals Market has been divided
into:
q Ambient
q Chilled
q Frozen
By country/region, the global Temperature Controlled
Packaging Solutions for Pharmaceuticals Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Cryoport
Inc
q Sonoco
Products Company
q Cold
Chain Technologies
q Inmark
Packaging
q American
Aerogel Corporation
q Envirotainer
Ltd
q Sofrigan
S.A. Ltd
q Pelican
Biothermal
q va-Q-tec
AG
q Snyder
Industries, Inc
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Temperature Controlled Packaging Solutions for
Pharmaceuticals Market related
investment & spending and developments by major players of the market are
tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Cryoport Inc
In August 2020,
CRYOPDP was acquired by Cryoport Inc. Such acquisition was aimed at the merging
of capabilities and infrastructure of both the companies.
Sonoco Products Company
In January 2020,
the acquisition of Plastique Holdings Ltd and Thermoform Engineered Quality LLC
(altogether TEQ) was completed by Sonoco Products Company.
Cold Chain Technologies
In July 2019,
the announcement with regard to the acquisition of Cold Chain Technologies was
made by Aurora. The terms and conditions of the acquisition is not disclosed.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Temperature
Controlled Packaging Solutions for Pharmaceuticals Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Temperature Controlled Packaging Solutions
for Pharmaceuticals Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Temperature Controlled Packaging Solutions for
Pharmaceuticals caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for Temperature Controlled Packaging Solutions
for Pharmaceuticals Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number of
examples and case studies have been taken into consideration before coming to a
conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Temperature Controlled Packaging Solutions
for Pharmaceuticals Market
v
Identification
of key factors driving investment opportunities in the Temperature
Controlled Packaging Solutions for Pharmaceuticals Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants