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The North America region currently dominates the global temperature controlled packaging solutions market. The region is expected to account for 37.7% of the market share in 2024. The large pharmaceutical and biotechnology industry presence in the U.S. is the major driving factor for market dominance. With the U.S. being the largest pharmaceutical market in the world both in terms of revenue and volume, there is a rising demand for temperature controlled packaging from pharmaceutical companies to safely transport temperature-sensitive drugs and clinical trial materials domestically as well as to international markets.
The Asia Pacific region is emerging as the fastest growing market for temperature controlled packaging solutions. Rapid economic development and growing healthcare expenditures are increasing the demand for pharmaceutical and medical products in the developing countries of Asia Pacific such as China, India, and other Association of Southeast Asian Nations (ASEAN) countries. Governments in the region are encouraging local manufacturing of pharmaceutical products, which is anticipated to drive the need for reliable temperature controlled logistics solutions. Rising medical tourism and focus on cold chain infrastructure development for vaccines and biologics will further propel the market growth.
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