Temperature Controlled Pharmaceutical Packaging Solutions Market: USD 10.83 Billion Growth Forecasted at a CAGR of 9.54% between 2024 to 2028 - Technavio
|Update : 1st February, 2024
The Global Temperature Controlled Pharmaceutical Packaging Solutions market is set for substantial growth, with a projected increase of USD 10.83 billion at an impressive CAGR of 9.54% between 2023 and 2028. Reefer containers, specifically designed for consistent air supply, are playing a crucial role in transporting pharmaceutical products, addressing the rising demand for temperature-controlled packaging solutions. The need for meticulous coordination within the supply chain to maintain the physical and chemical integrity of temperature-sensitive pharmaceuticals is driving the demand for Reefer containers. The market forecasts increased efficiency and a reduction in round trips with the incorporation of new reefer containers into the global fleet during the forecast period.
Technavio has announced its latest market research report titled Global Temperature Controlled Pharmaceutical Packaging Solutions Market 2024-2028
Market Segmentation and Challenges: Increasing cold chain expansion, stringent regulations, and innovation in insulation technology are expected to drive growth in the Insulated Shippers Segment of the Temperature-Controlled Pharmaceutical Packaging Solutions Market.
Technavio has segmented the market by type, product, and geography to provide a comprehensive analysis.
- Type Segment: Insulated Shippers and Insulated Containers.
- Product Segment: Active systems and Passive systems.
- Regional Analysis: Asia is estimated to contribute 32% to the global market growth during the forecast period.
"Active systems come in different sizes and provide heating, cooling, or both. They require limited preparation and are easy to pack." - Technavio
A few market players such as Aeris Dynamics, American Aerogel, Cencora Inc., Cold Chain Technologies, CSafe Global, and others are implementing various strategies like alliances, partnerships, mergers, and acquisitions to enhance their market presence. The adoption lifecycle, purchase criteria, and drivers of price sensitivity are essential considerations for companies developing market strategies. For a comprehensive overview of the competitive landscape and detailed company analyses, [follow the link below to] buy the report now.
Market is segmented as below:
- Insulated Shippers
- Insulated Containers
- Active Systems
- Passive Systems
- North America
- Rest Of World (ROW)
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our treport covers the following areas:
- Temperature Controlled Pharmaceutical Packaging Solutions Market size
- Temperature Controlled Pharmaceutical Packaging Solutions Market trends
- Temperature Controlled Pharmaceutical Packaging Solutions Market industry analysis
This study identifies Growing focus on traditional strategies like acquisition by market vendors as one of the prime reasons driving the market growth during the next few years.
The global pharmaceutical equipment market size is estimated to grow by USD 5.45 billion at a CAGR of 6.67% between 2022 and 2027.
The Lyophilization Equipment And Services Market size is estimated to grow by USD 2.65 billion at a CAGR of 7.92% between 2023 and 2028.
Table Of Contents :
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Application
- Market Segmentation by End-user
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Vendor Landscape
- Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Source : Technavio