Cold Chain Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Cold Chain Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Packaging

Report Description

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Global Cold Chain Packaging Market: Overview

The quality of service in “Cold Chain” is largely dependent on the growing investments in latest technology as well as equipment, particularly the cold chain packaging solution. Over the last decade or two, highly competitive market are facing economic hardships, and hence, pharmaceutical companies were looking for different methods to minimize cost of product packaging. One of the ways thought of to achieve cost cutting was the use of inexpensive packaging solutions such as passive packaging system, but then it involved the risk of exposing the medicinal products to the ambient temperatures.  Hence, for the logistics of temperature-sensitive drugs, pharmaceutical companies have shifted its focus towards using the cold chain packaging solution that suits a particular situation. Cold chain packaging solutions include different types of refrigerated containers, temperature monitors & integrators for managing product’s life period.

Global Cold Chain Packaging Market: Drivers & Restraints

The demand for cold chain packaging has grown immensely in the healthcare packaging sector. Cold chain packaging finds its applications in supply & logistics of biopharmaceuticals, clinical trials & vaccines, etc. This substantial growth of the cold chain packaging market is due to boost in the sales of medicinal products needing cold chain logistics. Also, governments of various countries coupled with its regulatory agencies have designed several guidelines and have adopted their own “Goods Distribution Practices (GDP)”. However, one key challenge in the cold chain packaging market is the rising cost of raw material. Polystyrene is the primary raw material used in built-up of cold chain packaging solutions.  In the recent times, instability in prices of polystyrene, owing to the increased gap between demands and supply, has surged the price and is likely to continue during the forecast period. Moreover, escalated raw materials cost further leads to raising the overall cost of final product.

Global Cold Chain Packaging Market: Segmentation

Based on various parameters, global cold chain packaging market can be segmented into various segments such as

Based on material type, global cold chain packaging market can be segmented as

  • Expanded polystyrene (EPS)
    • Fabricated EPS
    • Molded EPS
  • Vacuum insulated panel (VIP) solutions
  • Polyurethane (PUR)
  • Others

Based on Product type, global cold chain packaging market can be segmented as

  • Phase Change Materials (PCMs)
  • Gel Packs & Bricks
  • Insulated shipping containers
    • Parcel Containers
    • Pallet Containers
  • Temperature Loggers
  • Others

Based on applications type, global cold chain packaging market can be segmented as

  • Pharmaceutical Packaging
  • Health care & clinical trial distribution
  • Medical device Packaging
  • Others

Global Cold Chain Packaging Market: Regional Overview

Geographically, the global cold chain packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

Cold chain packaging market is directly influenced by the continuous growth in demand for cold storage medicinal products used in the healthcare industry. Regionally, the cold chain packaging market is dominated by Europe and North America region. This is due to the high number of biopharmaceuticals imports & exports in the countries in Europe and North America, and are also the innovators for the improvement in shipping and warehousing of pharmaceutical products. In the near future, the developing economies like India, China, ASEAN, etc. are likely to witness a sizable growth in investments for development of cold storage infrastructure which is expected to drive the overall growth in the cold chain packaging market in the Asia-Pacific region. Moreover, in the Latin America and the MEA region, the cold chain packaging market is projected to witness impressive growth owing to rise in demand for temperature-controlled pharmaceutical packaging solutions during the forecast period. 

Overall, the global cold chain packaging market is anticipated to grow at a healthy CAGR during the forecast period.

Global Cold Chain Packaging Market: Key Players

Some key players that currently operate in cold chain packaging market across the globe are Cryopak Industries Inc., Cold Chain Technologies, Inc., Dgp Intelsius Llc., CCL Industries., Sealed Air Corporation,  Softbox Systems Ltd.,  Amcor Limited, Clondalkin Group., Gerresheimer etc. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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