Infinium Global Research’s recent report on the “Temperature Controlled Packaging Market (By Product (Active Systems, Passive Systems), By Application (Perishable Goods Delivery, Cold Chain Stock, Cold Chain Airfreight, Clinical Supply Chain, Others), By End-user (Food & Beverage, Healthcare, Chemicals, Biothermal, Others))) Global Industry Analysis, Trends, Market Size & Forecasts to 2030” provides a comprehensive outline of the factors responsible for the growth of the market.
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Temperature-controlled packaging (TCP)is a strong semi-rigid liner that offers better insulation than EPS or Biofoam along with superior physical protection against crushing or impact. It is necessary for shipping all kinds of goods such as perishable foods to pharmaceuticals and it is important in situations where temperature-controlled warehousing and shipping are not available. Moreover, creating effective temperature-controlled packaging can be challenging to master, especially for small businesses. Temperature Controlled Packaging is suitable for the transportation of ambient, chilled, and frozen products for cold chain shipping businesses that specialize in perishable and temperature-sensitive products. Temperature-controlled packaging is being designed to limit its carbon dioxide emissions to adhere to quality standards and reduce the risks while delivering defective products.
The COVID-19 pandemic has created a lucrative pocket for temperature-controlled packaging solution developers in the pharmaceutical industry. Guidelines imposed by health organizations for the protection of vaccines and drugs have led to the development of containers and shippers capable of maintaining the vaccine’s integrity in spite of the container being exposed to ambient temperatures. Dry ice has been used for maintaining the thermal temperature of the sensitive vaccines. The vaccine manufacturing companies are recorded to have collaborated with temperature-controlled packaging providers in order to develop customized products for the shipment of vaccines during this period of time.
Pharma Sector to Hold the Largest Share by End-use Industry in TCP Market During the Forecast Year
Pharma industries include products from synthetic or chemical processes (artificial sources). These products include medicines and other drugs. Pharmaceuticals are liable to be damaged due to temperature changing factors, and other reasons. Therefore, transportation of these products are being done in temperature-controlled packaging solutions across the globe. The increasing demand for pharmaceutical products expects to boost the market for temperature-controlled packaging solutions during the forecast period. In recent, temperature-controlled packaging solutions for pharmaceutical products include the use of data loggers, temperature sensors, and other software platforms to improve visibility across the cold chain and the utilization of advanced insulation materials and refrigerants in packaging material for longer transit times.
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The North American Region to Dominate in Temperature Controlled Packaging Market
In terms of region, North America generated the largest revenue in the global Temperature Controlled Packaging market in 2020 and is expected to remain the leading market over the forecast years, Due to the presence of major market players in the pharma and biopharma industries. Moreover, these players are investing in their R&D activities to develop innovative products for the packaging industry. Furthermore, the Asia Pacific region is expected to grow at the fastest rate in the Temperature Controlled Packaging market over the forecast period. The key market players of temperature-controlled packaging solutions in this region are increasing their investments in new launches of advanced products in an effort to gain a competitive advantage over other competitors in the market.
Key Players Focusing to Increase the Production Capacity by Collaborating with Other Companies
The Temperature Controlled Packaging market is intensely competitive with the presence of several multinational and local players. The major players Sonoco Products Company, Cold Chain Technologies, LLC, Va-Q-Tec AG, Pelican BioThermal LLC, Softbox Systems, Sofrigam SA, DGP Intelsius GMBH, Inmark, LLC, Envirotainer AB, FedEx Corporation, United Parcel Service, Inc. and AmerisourceBergen Corporation, and several others are constantly focusing on developing new products to gain a competitive edge in the market. These manufacturers are adopting numerous market strategies including new product launches, collaboration, and mergers & acquisitions with numerous other companies at the country level.
For instance, in November 2020, Sonoco ThermoSafe launched a new line of fully curbside recyclable temperature-controlled packaging for life science and perishable clients in the US. Infinium Global Research’s recent report on the global Temperature Controlled Packaging market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Temperature Controlled Packaging market and also estimates the impact of recent developments in the global market.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of temperature controlled packaging.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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