TEMPERATURE CONTROLLED PHARMACEUTICAL CONTAINERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Temperature Controlled Pharmaceutical Containers Market, By Product Type (Insulated Shippers, Insulated Containers, Others), By Control Type (Active and Passive), By Application (Frozen, Chilled, Ambient), By End User (Biopharmaceutical Companies, Research Institutes, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI6948
Pages :165
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Challenge – Lack of Infrastructure and Standardization in Emerging Markets

Lack of adequate infrastructure and standardization can hamper the growth of the temperature controlled pharmaceutical containers market in emerging economies. While the demand for temperature sensitive drugs is increasing due to the rising income levels and awareness, lack of proper cold chain facilities hampers the last mile delivery of such products. This limits the effective distribution of biologics, vaccines and other drugs that require temperature control during transport and storage. Absence of standardized protocols for monitoring, tracking and validation of shipment conditions from manufacturing to the patient also reduces supply chain efficiency and trust in these markets.

Market Opportunity – Increasing Inorganic Growth Strategies by Key Market Players

Increasing adoption of inorganic growth strategies, such as agreement, is expected to offer lucrative growth opportunities for the market growth over the forecast period. For instance, in November 2022, Sonoco ThermoSafe, a unit of Sonoco and one of the largest global providers of temperature assurance packaging, and LATAM Cargo, an international cargo airline, announced a global lease agreement for the new Pegasus ULD temperature-controlled bulk shipping container.