Temperature controlled Packaging Solutions for Pharmaceuticals Market

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TEMPERATURE CONTROLLED PACKAGING SOLUTIONS FOR
PHARMACEUTICALS MARKET ANALYSIS

• Temperature controlled Packaging Solutions for
  Pharmaceuticals Market, By Product Type
  (Insulated Shippers (Panels and Envelopes, EPS
  Foam Container, Fiberboard Polyurethane (PUR)),
  Insulated Protective Shippers Insulated
  Containers (Chest Style, Upright Style), Others
  (refrigerants, gel, icepacks, and phase change
  materials)), By Application (Frozen, Chilled,
  Ambient), and By Region (North America, Europe,
  Asia Pacific, Latin America, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2019 - 2027

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• Temperature-controlled packaging solutions for
  pharmaceuticals are an important tool in reducing
  the risk and maintaining quality of product
  throughout the supply chain process by
  stabilizing internal temperature. This system
  helps to safeguard shipments across every aspect
  of the medical supply chain. Some of the major
  application of temperature-controlled packaging
  solutions are inactive pharmaceutical ingredients
  with balanced temperature, vaccines, biological
  samples products, clinical trials, and medical
  products with specific timeline requirements.
• The global temperature-controlled packaging
  solutions for pharmaceuticals market is projected
  to reach US 7.3 billion by the end of 2027, in
  terms of revenue, growing at CAGR of  9.6 during
  the forecast period (2019 to 2027).
• Drivers
• Implementation of strict government rules and
  regulation by the government in order to improve
  the distribution practices of pharmaceutical
  goods are expected to fuel the market growth. For
  example, the Food Drug Administration (US),
  Regulation 21 CFR 211.150 Distribution
  procedures, says that pharmaceutical products
  must be shipped within appropriate temperatures
  and under accurate conditions in accordance with
  requirements and appropriate manual,
  electromechanical, or electronic temperature and
  humidity recording equipment, devices, and/or
  logs shall be utilized to document proper storage
  of prescription drugs.

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Figure 1.  Global Temperature-Controlled
Packaging Solutions for Pharmaceuticals Market,
Revenue Share (), By Region, 2018
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• Market Restraints
• High investment and maintenance cost associated
  with the temperature controlled pharmaceutical
  packaging solution in pharmaceutical the industry
  is estimated to hinder the market growth over the
  forecast period. Moreover, various strict
  government legislations on the usage of certain
  types of pharmaceutical products for
  manufacturing temperature-controlled packaging
  solution is also expected to restrict the market
  growth of temperature-controlled packaging
  solutions for pharmaceuticals.
• Lack of awareness regarding the benefits of
  temperature-controlled packaging solutions for
  pharmaceuticals as only a few companies in the
  industry utilizes Temperature-controlled
  packaging solutions for pharmaceuticals is
  projected to hamper the market growth over
  the forecast period. Moreover, lots of
  precautions are need to maintain during packaging
  of pharmaceutical product such as the
  container should be clean and dry etc.
  Aforementioned factors are projected to restrict
  the market growth of temperature-controlled
  packaging solutions for pharmaceuticals.

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• Market Opportunities
• Adoption of new high performance convection
  systems that are efficient for warehousing and
  supply of pharmaceutical products is expected to
  offer new growth opportunity to the market of
  temperature-controlled packaging solutions in
  pharmaceutical industry. Rising usage of vacuum
  panel insulation with phase change materials can
  enhance the shelf life of stored pharmaceutical
  product. Therefore, the rising adoption of such
  advanced technologies in the pharmaceutical
  industry is expected to foster the market growth.
• Growing focus of pharmaceutical manufacturer to
  produce drugs and therapies for rare diseases.
  These drugs are composed of high-value
  ingredients and have short shelf lives as a
  result of which they require strict
  temperature-controlled environment. Thereby, this
  is expected to foster the Ultra-low Temperature
  Range packaging solutions.
•  

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Figure 2. Global Temperature-Controlled Packaging
Solutions for Pharmaceuticals Market
Opportunity Analysis
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• Market Trends
• The growing need for better product handling of
  pharmaceutical products that are temperature
  sensitive has raised the adoption of
  more advanced temperature-controlled packaging
  insulation products such as PCMs, VIP, and sheep
  wool VIP based insulation and PCM-based refrigeran
  ts that serve various advantages over
  conventional polystyrene (EPS) and polyurethane
  insulated shippers. PCMs and VIPs are
  comparatively lightweight, offer a wide range of
  temperature and cut down the distribution costs
  which is expected to propel the market growth.
• Growing focus of manufacturer to use reusable
  packaging containers is projected to propel the
  market growth of temperature-controlled packaging
  solutions for pharmaceuticals. Due to regulatory
  pressure and need to reduce the transportation
  costs, vendors are focusing on adopting reusable
  packaging container rather than one-way
  (disposable) systems as it reduces the usage of
  refrigerants and insulation products that are
  associated with ozone depletion and global
  warming. Aforementioned factors are projected to
  foster the market growth.

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Figure 3. Global Temperature-Controlled Packaging
Solutions for Pharmaceuticals Market, Revenue
Share (), By Application, in 2018
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• On the basis of application, in 2018, chilled
  segment accounted the largest market share of
  40.7 in terms of revenue, followed by frozen and
  ambient, respectively.
• Competitive Section
• Key players active in the global
  temperature-controlled packaging solutions for
  pharmaceuticals market Sonoco Products Company,
  Pelican Biothermal, Sofrigam SA Ltd., Cryopak,
  Cold Chain Technologies, Envirotainer Ltd.,
  VA-Q-Tec AG, Inmark Packaging, American Aerogel
  Corporation
• Few Recent Developments
• Sonoco Products Company
• In March 2016, Sonoco Thermosafe launched
  reusable insulated container with 440 liters
  capacity for storage and distribution of
  perishable pharma products and ice 
• In March 2015, Sonoco launched a new flexible bag
  with cross-seal technology to provide customers
  an easy to open quad-seal flexible bag
• Pelican Biothermal
• On 27 January 2016, Pelican Biothermal launched
  innovative Credo Cargo Pallet Shipper System, a
  reusable bulk shipper with innovative slot-in
  components for easy loading and unloading
• In September 2015, Pelican Biothermal announced a
  collaboration with Zuellig Pharma, an Asia based
  pharmaceutical company, to strengthen its
  developing services in Asia and utilize its
  reusable Credo products for parcel shipments

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  aging-solutions-for-pharmaceuticals-market-3374

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