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

Temperature Controlled Pharmaceutical Containers Market Size and Trends

Global temperature controlled pharmaceutical containers market is estimated to be valued at USD 5.09 Bn in 2024 and is expected to reach USD 10.26 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.

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Global temperature controlled pharmaceutical containers market  growth is driven by rising demand for temperature-sensitive drugs and biologics due to the increasing prevalence of chronic diseases. Stringent regulations regarding the transportation of pharmaceutical products compels pharmaceutical manufacturers and logistics companies to utilize innovative temperature controlled packaging solutions. Growing focus on cold chain management of vaccines and development of next-generation temperature-controlled packaging such as intelligent & smart containers are expected to create lucrative opportunities for market players. However, high costs associated with advanced temperature controlled solutions can hamper the market growth.

Increasing Product Launches by Key Market Players

Increasing adoption of organic growth strategies such as product launches by key market players is expected to drive the market growth over the forecast period. For instance, in September 2023, Pluss Advanced Technologies (PLUSS), the phase change material technology company, announced the launch of Celsure XL Pallet Shipper series and Celsure VIP Multi-use parcel shipper series, two new temperature-controlled packaging solutions for the pharmaceutical industry, that offers a alternative to conventional gel pack solutions and expensive leased containers.

The demand for temperature controlled packaging solutions for pharmaceutical products has been increasing significantly over the past few years. With more medicines and vaccines requiring strict temperature control during storage and transportation, the need for specialized temperature controlled containers and packaging has risen tremendously. This stringent requirement is driven by the fact that exposing drugs and biological products to temperatures outside their recommended range, even briefly, can potentially reduce their efficacy and potency or even render them ineffective.