Newly released data by Future Market Insights (FMI) projects the global pharmaceutical cold chain packaging market to experience a remarkable growth trajectory, registering a compound annual growth rate (CAGR) of 14.8% and reaching a market valuation of US$ 60,100.9 million by 2033.
Core Concepts in the Pharmaceutical Cold Chain Packaging Industry
- Growth Outlook: The global pharmaceutical cold chain packaging market is projected to grow at a CAGR of 14.8% during the forecast period.
- Projected Value by 2033: The market is predicted to reach US$ 60,100.9 million by 2033.
- Historical Market Size (2022): The market was valued at US$ 13,413 million in 2022.
- Dominant Share Holder: The United States accounts for a 6% revenue share of the global market.
- Country with Highest Growth Rate: China is expected to witness a CAGR of 17.7% through 2033.
Request For a Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-13956
Another driver of the pharmaceutical cold chain packaging market is the increasing demand for safe and secure transportation of pharmaceuticals. With the growing global trade of pharmaceuticals, there is a growing need for packaging solutions that can protect these products from temperature excursions and other forms of damage during transportation.
The pharmaceutical cold chain packaging market is segmented into various types of packaging, including insulated shippers, passive containers, and active containers. Each of these segments serves different applications and offers unique benefits. For example, insulated shippers are used for the transportation of temperature-sensitive products, while passive containers are used for the storage of these products.
The pharmaceutical cold chain packaging market is also segmented based on end-use industry, including pharmaceuticals, biopharmaceuticals, and others. Among these segments, the pharmaceuticals industry is expected to show significant growth in the forecast period, driven by the increasing demand for temperature-sensitive drugs.
In terms of geography, the pharmaceutical cold chain packaging market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to be the largest market for pharmaceutical cold chain packaging, due to the increasing demand for these products in this region.
Overall, the pharmaceutical cold chain packaging market is expected to show significant growth in the coming years, driven by the increasing demand for temperature-sensitive drugs and biopharmaceuticals. Companies operating in the market are expected to focus on developing innovative and cost-effective solutions to meet the changing needs of customers and maintain their market position.
Leading companies operating in the market are:
- Sonoco ThermoSafe
- Cold Chain Technologies
- Sealed Air Corporation
- Nordic Cold Chain Solutions
- Cryopak
- CSafe Global LLC
- TemperPack Technologies, Inc.
- Insulated Product Corp.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-13956
Pharmaceutical Cold Chain Packaging Market by Category
By Packaging Format:
- Passive Packaging
- Single Use or One Way Use Packaging
- Multiple Use or Re-Usable Packaging
- Active Packaging
- Reefer Trucks and Containers
- Active Pallet Containers
By Product:
- Small Boxes
- Pallets
- Single Pallets
- Double Pallets
- Large sized Pallet Containers
By Material:
- Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others
- Metal
- Paper
By Application:
- Biologics and Biological Samples
- Vaccines and Diagnostics
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube