Temperature Controlled Packaging for Pharmaceutical Market Snapshot
One of the most significant challenges met by the pharmaceutical industry is delivering temperature-sensitive products such as vaccines or lab samples to the market. Drugs such as insulin or the ones used in the treatment of cancer require constant temperature control to maintain their stability.
As per the analysis of Market Research Future (MRFR), the global temperature-controlled packaging for pharmaceutical market is projected to attain a valuation of USD 8,762.4 Mn at an impressive CAGR of 9.48% by the end of the forecast period of 2018-2023. The global temperature-controlled packaging for pharmaceutical market was valued at USD 5,116.0 Mn in 2017.
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As the pharmaceutical industry continues on an upward growth trajectory, it provides an impetus for the latest generation of high-performing packaging products since the quality of pharmaceutical products has a direct effect on the patient safety and efficacy of therapies. With the rise in shipment of temperature-sensitive pharmaceutical products globally, there is greater demand for innovative packaging solutions on the temperature-controlled packaging for pharmaceutical market.
Key Players
Some of the prominent players in the Self-adhesive labels market are Avery Dennison Corporation, Americk Packaging Group, Constantia Flexibles Group Gmbh, SVS Labels, and CCL Industries Inc. H.B. Fuller Company, Müroll GmbH, Coveris Holdings S.A., Royston Labels Ltd., UPM-Kymmene Oyj, Henkel AG & Co., Mondi Group, S&K LABEL spol.sare among others.
Regional Analysis
By region, the global Temperature-Controlled Packaging For Pharmaceutical Market has been segmented into Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).
North America is one of the significant growth pocket for temperature-controlled packaging for pharmaceutical products. Stringent pharmaceutical products safety policies in the region, especially in the US and Canada coupled with the steep growth in the pharmaceutical industry is responsible for driving the growth of the North America market. A considerable rise in R&D investment and innovations within the industry are other growth influencers. The US boasts of one of the largest pharmaceutical industries across the globe and is a key contributor to the North America market.
Europe is an emerging market for temperature-controlled packaging for pharmaceutical products spurred by strict regional goods distribution practices. Additionally, the region has been a frontrunner in the field of innovation and development of novel packaging solutions. Germany is a key contributor to the Europe market where renowned companies such as Bayer, BASF, and Deutsche Post AG (DHL) have their presence. The Europe market is expected to capture a CAGR of 9.42% over the forecast period.
Asia Pacific market for temperature-controlled packaging for pharmaceutical products stores a host of opportunities for market growth. The pharmaceutical industry in China is one of the fastest growing industries in China. Increased investment in R&D coupled with increased pharmaceutical spending from the government of various countries in the region aids the growth of the market in APAC. Besides, the growing number of contract research organization (CROs) in the region acts as a plus for the growth of the market. The APAC temperature-controlled packaging for pharmaceutical market is estimated to witness a CAGR of 10.02% over the forecast period.
Report Coverage
Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
Synopsis
This MRFR report offers a detailed analysis of the global temperature-controlled packaging for pharmaceutical market. It also includes a five-year (2018-2023) revenue projection. The report covers historical growth, industry trends and opportunities, market restraints and growth drivers. Further a descriptive segmental study of the market based on different temperature-controlled packaging products is also available in the report.
Research Methodology
Market Research Future (MRFR) employs a multi-layered statistical solution for the analysis of critical market elements to garner highly accurate insights. The advanced data triangulation technique aids in conducting extensive qualitative and quantitative analysis of macroeconomic indicators and governing factors of market such as historical trends, key market dynamics, consumer landscape, possible disruptions, and growth opportunities. Primary and secondary research processes ensure the authenticity and objectivity of the research findings. Primary research process aids in collection of data by conducting one-on-one interviews with key opinion holders across the value chain and undertaking detailed surveys. Secondary research module is utilized for verifying the collected data through inputs from existing industry documentations such as whitepapers, paid databases, annual reports, SEC filings and others. In addition to this, top-down and bottom-up approaches are utilized for optimum evaluation of research findings.
Other Description
- Market Denomination- USD Mn
- Base Year- 2017
- Forecast Period- from 2018 to 2023
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for temperature-controlled packaging for pharmaceutical
By Product
- Insulated shippers
- Insulated containers
By Type
- Active systems
- Passive systems
By Temperature Range
- Up to 10°C
- 10°C to 20°C
- More than 20°C
By Payload Capacity
- Up to 10 L
- 10-20 L
- 20-40 L
- 40-150 L
- More than 150 L
By Type of Use
- Single use
- Reusable
By End-Use Industry
- Pharmaceutical
- Clinical trial
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
- Latin America
Table Of Content
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 List Of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continues……..
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