Global Temperature Controlled Packaging Market - 2020-2027
|溫度管理包裝的全球市場 (2020年∼2027年) Global Temperature Controlled Packaging Market - 2020-2027|
|出版日期: 2020年11月04日||內容資訊: 英文||
The global temperature controlled packaging market size was worth US$ XX billion in 2019 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Temperature controlled packaging plays vital role in keeping safe all kinds of goods such as perishable foods to pharmaceuticals. It is made from insulating materials such as textiles, styrofoam, plastic, phase change materials such as refrigerant gel packs, along with it consists of heating elements such as powered heating blankets and induction drum heaters.
Temperature controlled packaging is fully optimized solution with volume efficiency, simple packing, reduced inventory needs and reduces lower distribution costs to protect valuable, critical goods such as pharmaceuticals, diagnostics/clinical trials, perishable goods, frozen foods, tissue, vaccines and blood supplies around the world.
The global temperature controlled packaging is driven by rising demand for transportation of the pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe. Further growing consumption of the frozen perishable food products with growing utilization of cold chain warehouse and transportation systems.
Growing demand for transportation of the pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe
The market is driven by rising demand for the transportation of the pharmaceutical medicines, drugs and clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe. Rising pharmaceutical spending around the globe due to increasing prevalence of infectious and chronic ailments drives the temperature controlled packaging market.
As per the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) in 2017, the global pharmaceutical market reached to around US$ 1,430 billion in 2020 with highest contribution of the developed countries. It created massive demand for the temperature controlled packaging market for transportation of the pharma drugs.
Rising demand for perishable frozen food products with growing utilization of cold chain warehouse and transportation systems
Increasing demand for the frozen food around the globe with growing utilization of cold chain warehouse and transportation systems with surge in the global population. As per the Global Cold Chain Alliance (GCCA) in 2018, the total capacity of refrigerated warehouses around the globe were reached to around 616 million cubic meters increased by 2.67% as compare to 2017. It created massive demand for the temperature controlled packaging market.
Growing launching of the eco-friendly packaging by the leading players due to strict rules and regulations for plastic usage
Growing launching of the eco-friendly packaging for transportation of the perishable goods, pharmaceutical medicines, drugs, etc may create huge opportunity for the temerature-controlled packaging. For instance on 22nd October 2020, Softbox launched Tempcell ECO eco-friendly packaging solution for the life science, cold chain pharma and cold chain logistics industries in the United States.
COVID-19 Impact Analysis
The global temperature controlled packaging market demand has been increased slightly during the Covid-19 pandemic owing to rising demand for the trasportation of the pharma drugs require for the treatment of the Covid-19. Temperature controlled packaging provides safe transfer of the required pharma products, perishable goods to avoid spoilage. Several leading players have taken initiatve for helping the covid-19 infected patients by providing advanced technology material based temperature controlled packaging.
For instance FedEx Express facilitated temperature controlled packaging for transportation of vaccines, surgical implants, numerous medical and healthcare products derived from biological sources in the Middle East, Indian Subcontinent and Africa. As the demand for temperature controlled packaging has been increased for specimen collection and tranfer of the Covid-19 patients.
The global temperature controlled packaging market is segmented based on type, product, application, end-user and region.
Rising launching of the new and innovative solutions to address the temperature-controlled shipping require for commercial pharmaceuticals by the leading players
In terms of type, the global temperature controlled packaging market is bifurcated insulated pallet, insulated envelopes, breathable air cover, rollcage cover, insulated shippers, insulated containers, refrigerants and others. Among this, insulated containers has the highest market share in 2019, owing to its rising launching of the reusable, new and innovative insulator for transportation of the commericial pharmaceuticals by leading players. For instance on 3rd Dec 2019, CSafe launched high-performing AcuTemp Plus Series by expanding cold chain offerings for the cell and gene therapy market with launch of high-performing of temperature controlled packaging.
Similalry, insulated pallet, insulated envelopes, breathable air cover, rollcage cover, insulated shippers, insulated containers, refrigerants segments are also growing due to increasing adoption and launching of the recyclable temperature controlled packaging of the wide range of the products such as insulator insulated envelopes, breathable air cover, rollcage cover, insulated shippers, insulated containers range. For instance on 22nd May, 2019, Kite Company launched recyclable temperature controlled packaging range includes five different products such as new insulated box liners, pallet, gel packs, temperature controlled pouches and envolopes. These products are 100% recyclable made from Kraft paper and the internal layer is made up of 100% biodegradable starch-based loose fill which preserves maintain temperature the in-the-box.
Active system segment has the highest demand for commercial air frieght transportation of the pharmaceatical, frozen foods, perishable goods
In terms product, the global temperature controlled packaging market is classified as active system and passive system. Among this, active system has the highest share due to rising demand by the air cargo transportation with rising expansion of the cold storage capacity by thee leading players. For instance on 21st Feb 2020, Mumbai International Airport Ltd (MIAL) made joint venture with Airports Authority of India and GVK for launching the world's largest airport-based temperature-controlled facility for processing food, storage of agro and pharma products. The facility of 'Export Cold Zone' has capacity of holding over 700 tonnes of such cargo at one time with a combined annual capacity of 0.52 million tonnes.
Rising demand for the import export activities of the perishable goods, pharma product around the globe
Based on application, the global temperature controlled packaging market is divided into Perishable goods delivery, Cold Chain Stock, Cold Chain Airfreight, Clinical Supply Chain and others. Among this rising import and export activities of the perishable goods, clinical supply and pharmaceatical drugs. For instance as per the United Nations Conference on Trade and Development in 2018, world trade of the import and export activities of the goods was valued at around US$ 19 trillion. It created huge demand for the the temperature controlled packaging for transportation of the goods from one country to another.
Growing demand for the processed food for with surge in the global population has impelled the growth of food and beverages segmental growth around the globe
Based on the end-user, the global temperature controlled packaging segmented into food & beverage, healthcare, chemicals, biothermal and others. Among this, food & beverages segment has the highest market share in 2019, due to rising demand for the food processing industries with surge in the global demand of the frozen foods around the globe. As per the Cold chain Federation Organization in 2019, England, Scotland, Wales and Northern Ireland has over 450 over 30,000 cold stores for food storage.
North America region holds the largest market share global Temperature Controlled Packaging market
North America region is dominating the global temperature controlled packaging market and accounted for the largest market share in 2019, due to presence of leading manufacturer of pharmaceutical which propels the demand for the transportation of medicines using temperature controlled packaging followed by Europe and Asia-Pacific.
As per the IFPMA in 2018, North America accounted for around 48.9% of world's total pharmaceutical sales compared to 23.2% of Europe. According to IQVIA (MIDAS May 2019) in between 2013-2018, around 65.2% of sales of new medicines launched on the United States market, compared with 17.7% on the European market. It created massive demand for the temperature controlled packaging in the North America and European market followed by Asia-Pacific.
Further in Europe, demand for temperature controlled packaging increased for frozen food. According to the Cold Chain Federation Organization, in the United Kingdom frozen food industry were valued to around US$ 10 billion where as the chilled processed food industry exceeds around US$ 15 billion. It created massive demand for the temperature controlled packaging in this region for frozen and processed food.
Similarly, Asia-Pacific region is also growing at faster pace owing to rising cold storage capacity for frozen perishable foods. For instance in 2018, India was the having largest cold storage capaicity of around 150 million cubic meters, followed by the United States at 131 million cubic meters, and China at 105 million cubic meters. It crated massive demand for the temperature controlled packaging market in this region.
The temperature controlled packaging market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include FedEx Corp., AmerisourceBergen Corp., Cold Chain Technologies, Inc., Tempack and Cropak, Testo SE & Co., Olympus Corporation, Deutsche Post AG (DHL), Sofrigram SA Ltd., ACH Foam Technologies, LLC, Pelican BioThermal LLC, Sonoco Products Company, WIKA Alexander Wiegand SE & Co. KG, ILLIG Maschinenbau GmbH & Co. KG, KIMO and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Temperature Controlled Packaging market globally. For instance, on 9th Nov 2016, AmerisourceBergen Corp the world's leader in specialty logistics and Courier has launched lighter, more robust thermal packaging solution. The thermal pallet shipper reduces transport costs and maintain temperature up to 40 percent longer than comparable products.
Deutsche Post AG (DHL)
Overview: Deutsche Post AG (DHL) founded in 1995 and based in Bonn, Germany. The Company is a leading German multinational package delivery and supply chain management. It is largest courier company around the world.
Small: 1 x Outer Carton, 1 x EPS Insulated Cooler, 6 x 1350g Pharmacool Cassettes, 1 x Product Carton, 47.5 x 44.0 x 37.0 cm, Temperature 15º to 25º C for 72 hours
Medium: 56.4 x 51.4 x 43.5 cm
Large: 63.2 x 53.2 x 50.5 cm
Key Developments: On 21st July 2020, DHL global leading package delivery and supply chain company invested in first temperature-controlled facility in India with varying temperatures up to -20? C, to meet the stringent needs of pharmaceutical shipments
The global temperature controlled packaging market report would provide an access to an approx. 76 market data table, 73 figures and 230 pages.
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