Temperature-Controlled Packaging for Pharmaceutical Market - Trends Forecast Till 2028

Market Overview

The Temperature-Controlled Packaging for Pharmaceutical Market size is projected to reach a CAGR of 19.5% from 2022 to 2028.

In the pharmaceutical industry, the temperature of the goods is an important aspect. The medicines and injection which are used for the treatment of various diseases are highly temperature-sensitive as well as are reactive and thus special temperature-controlled packaging solutions are used. The active pharmaceutical ingredients use these solutions for strict temperature controls, vaccines, biological products, samples, and clinical trials and for products with specific timeline requirements. The insulated shippers, insulated containers, insulated protective shippers are some for the examples of temperature-controlled packaging solutions. Overall, the temperature-controlled packaging solutions maintain the quality of the product and reduce the risk.

Increasing prevalence of chronic diseases and with growing demand for temperature-sensitive products are some of the factors that have supported long-term expansion for Temperature-Controlled Packaging for Pharmaceutical Market.

In 2020, the TCP market grew by 4% in terms of value, compared to 2019, amid the COVID-19 pandemic.  The demand for temperature-sensitive packaging increased for the distribution of COVID-19 vaccines across the globe.

Regional Analysis

North America is projected to be the largest regional share of the Temperature-Controlled Packaging for Pharmaceutical Market during the forecast period.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• American Aerogel Corporation
• Sonoco Products Company
• Cryopak
• Cold Chain Technologies
• Envirotainer AB
• Pelican Biothermal
• Sofrigam SA Ltd.
• Inmark Packaging

Recent Developments

• In March 2021, Cold Chain Technologies planned to expand its temperature-controlled solutions in EMEA (Europe, the Middle East, and Africa) region by opening new regional headquarters in the Netherlands.
• In November 2020, Sonoco Products Company launched EOS line of parcel shippers. The product is recyclable temperature control packaging system. The product is made for life science and perishable food products.

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Report Scope