The isothermal box for vaccine market revenue totaled US$ 139.3 million in 2019, according to an earlier survey report. Following the current market trends, isothermal box manufacturers can possibly witness a CAGR of 5.8% on average over the next ten years. The market as a whole is currently valued at US$ 202.6 million in 2024 and the market analysis report predicts it to go up as high as US$ 355.8 million by 2034.
The surge in demand for the vaccine to maintain the immunization power among children is continuing the demand for isothermal boxes for storage across all economies. So, the sales of isothermal boxes for vaccines are growing around the world through effective cold-chain logistics for worldwide immunization campaigns.
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Key Takeaways from the Isothermal Box for Vaccine Market Report
- The isothermal box for the vaccine industry is anticipated to create an incremental opportunity of US$ 153 million during the forecasted period.
- The United States isothermal box for vaccine market is up for registering a CAGR of 4.5% through the projected years.
- Germany is likely to remain the leading supplier of isothermal boxes for vaccines in Europe, with an estimated CAGR of 4% between 2024 and 2034.
- The United Kingdom market is growing faster and can retain this CAGR of 5.6% till 2034.
- Some events in the last few years have positioned the isothermal box for the vaccine industry in China to progress at 6.9% CAGR through the projected years.
- India is witnessing a very lucrative chance for the expansion of its regional market at a rate of 7.7% per year between 2024 and 2034.
Competitive Landscape for the Isothermal Box for Vaccine Market Players
The overall market is highly competitive, with many market players operating at different levels and regions. Leading players are getting more opportunities by investing in research and development of high-quality isothermal packaging materials and solutions. Meanwhile, new entrants are resorting to long-term partnerships with vaccine distributors and healthcare institutions to increase their market share.
“The development of different vaccines for coronavirus across the world created immense growth opportunities for the isothermal boxes for vaccines market. The pandemic resulted in the development of an array of vaccines which had a constructive impact on the overall market.” – says a lead analyst at FMI.
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Recent Developments by the Isothermal Box for Vaccine Industry Participants
- In February 2023, RCW25 Vaccine Transport Box received the CERTICOLD pharma label in Europe. The RCW25 Transport Boxes are extremely dependable and suited for the safety and transportation of any type of vaccination. With a capacity of 20 liters and a smoldered body, it is exceptionally durable, stress-resistant, and rust-free. Moreover, the use of passive cooling technology, such as phase change materials (PCM), ice packs, or even dry ice, provides stable storage temperatures between -80°C and 8°C. It also provides the best long-term outer grip, given the eco-friendly PU foam insulation.
- In June 2022, Nippon Express became the first Japan-based logistics company to partner with EMBALL’ISO, a French company with a proven track record in vaccine transport. They together launched a new international air freight service using EMBALL’ISO’s environmentally friendly isothermal packaging. The new service combines EMBALL’ISO’s reusable passive or non-powered, high-performance isothermal packaging with international air transport to improve its temperature-controlled transport services and minimize its clients’ CO2 emissions.
Key Segments Covered by Isothermal Box for Vaccine Industry Survey Report
By Product Type:
- Short Range Isothermal Boxes for Vaccines
- Less than 5 Liters
- 5 Liters to 15 Liters
- 16 Liters to 25 Liters
- Long Range Isothermal Boxes for Vaccines
- 5 Liters to 15 Liters
- 16 Liters to 25 Liters
By Material Used:
- Polypropylene (PP)
- Polystyrene (PS)
- Polyurethane (PU)
- Polyethylene (PE)
- Other Materials
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
About Future Market Insights Inc. (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.
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