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, 2023-2030.

Published In : Jun 2023
Code : CMI3374
Pages :120
Formats :
Excel and PDF
Industry : Packaging

Temperature-controlled Packaging Solutions for Pharmaceuticals MarketSize and Trends

The global temperature-controlled packaging solutions for pharmaceuticals market was valued at US$ 4.6 Bn in 2022, exhibiting a CAGR of 10.5% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 10.2 Bn by 2030.

Global Temperature-controlled Packaging Solutions for Pharmaceuticals Market - 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 refrigerants 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 throughout the forecast period (2023-2030).
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 by forecast period.