Global Temperature Controlled Packaging Solutions Market 2018 Expected to Grow at a CAGR of 10.0% with Renowned Players by Till 2025


Posted October 12, 2018 by Rubin_McCarter

Global Temperature Controlled Packaging Solutions Market is expected to reach USD 75,113.00 billion by 2025 from USD 35,700.00 billion in 2017, at a CAGR of 10.0% in the forecast period 2018 to 2025.

 
Global Temperature Controlled Packaging Solutions Market is expected to reach USD 75,113.00 billion by 2025 from USD 35,700.00 billion in 2017, at a CAGR of 10.0% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation:
Global Temperature Controlled Packaging Solutions Market– Industry Trends and Forecast to 2025
· By Products and Services (Products {Insulated Shippers, Insulated Containers, Refrigerants}, Services {Airways, Waterways, Roadways}),
· By Type (Active System, Passive System),
· By Industry (Food & Beverages, Healthcare, Chemical, Research Laboratories),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
Drivers:
The major factors contributing to the growth of the market includes factors such as need of temperature control in pharmaceutical industry and growth in cold chain industry. On the other hand, stringent rules & regulations formulated by government agencies may hinder the growth of the market
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NEED OF TEMPERATURE CONTROL IN PHARMACEUTICAL INDUSTRY
· The temperature controlled packaging solutions is one of the fastest growing industries around the globe.
· The industry is helping in discovering developments of the drugs or pharmaceutical drugs which are used as medications.
· Pharmaceutical companies deal in generic or brand medications and are subjected to a variety of stringent laws and regulations.
· For example, the Sec. 205.50 food and drug administration department states that minimum requirements for the storage and handling of prescription drugs and for the establishment and maintenance of prescription drug and its distribution records.
GROWTH IN COLD CHAIN INDUSTRY
· The refrigerated shipping is majorly focused on transportation of meat and other food from rural producers to urban markets, which is driving the trade market among the Americas, Australasia and Europe.
· The emergence of third party specialists have instituted new methods for global shipment of temperature-sensitive ingredients in compliance with U.S Food & Drug Administration and other emerging standards in packaging of temperature controlled for pharmaceutical and food industry are helping in the growth of cold chain industry Packaging holds an important role in the life cycle of a product which includes protection during shipping, safe delivery, and end-of life.
Major Players:
Some of the major players operating in this market are
· PELICAN BIOTHERMAL,
· SONOCO PRODUCTS COMPANY,
· VA-Q-TEC AG. FEDEX,
· AMERISOURCEBERGEN CORPORATION,
· UNITED PARCEL SERVICE, INC. ,
· DEUTSCHE POST AG,
· SOFRIGAM,
· COLD CHAIN TECHNOLOGIES,
· TEMPACK PACKAGING SOLUTIONS,
· S.L. ,
· INTELSIUS,
· SOFTBOX,
· INMARK INC.,
· ENVIROTAINER AB,
· DS SMITH,
· Among others
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Last Updated October 12, 2018