Temperature Controlled Pharmaceutical Containers Market to Grow at a CAGR of 8.5% to reach US$11.2 Billion by 2032, Future Market Insights Inc.

Future Market Insights Global and Consulting Pvt. ltd.

The growing production and supply of life-saving drugs and vaccines in the United States is expected to create lucrative prospects for the temperature-controlled pharmaceutical container market. Sales of temperature-controlled pharmaceutical containers are expected to grow 1.8x over the next decade

NEWARK, Del, Sept. 23, 2022 (GLOBE NEWSWIRE) — The world temperature controlled pharmaceutical containers market is expected to create an opulent growth opportunity over the projection period by registering an impressive 8.5% CAGR. The global market is expected to reach a valuation of US$4.9 billion in 2022 and exceed $11.2 Bn by 2032. Sales of the temperature controlled pharmaceutical container market are expected to strengthen, with the top 3 countries estimated to hold around 35-40% of the market by the end of 2022.

In 2021, the global temperature-controlled pharmaceutical container market is expected to hold around 13-15% of the global pharmaceutical packaging market worth US$319 billion. Based on region, North America and Europe collectively are expected to account for more than 2/3 of the market share in 2022.

According to Future Market Insights (IMF) analysis, the global temperature-controlled pharmaceutical container market witnessed a robust CAGR of 7.2% during the historical forecast period with a market value of US$4.5 billion. in 2021 from US$2.8 billion in 2015. The global pharmaceutical e-commerce industry is witnessing high growth owing to the increase in global demand for effective drugs.

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Key points to remember

  • In order to maintain blood or vaccines, temperature-controlled solutions are essential according to several studies and analyses. Therefore, cold chain packaging is widely used by pharmaceutical manufacturers to meet the growing patient demand and increase in common diseases. The design of the packaging solutions is designed in such a way as to efficiently transport medical and pharmaceutical supplies around the world.

  • In addition, temperature controlled packaging is also helpful in preventing various drugs from being shipped within electromechanical temperatures with supporting logs facilitating their proper storage. New drugs and therapies have been constantly being developed to drive the demand for cold chain logistics. With the considerable development of the pharmaceutical industry worldwide, the demand for temperature-controlled packaging is expected to experience impressive growth over the next decade.

  • The growing need for product safety, especially in the healthcare sector, is attributed to the growth of the market. Temperature-controlled pharmaceutical packaging is heavily used for shipping and packaging medical supplies to extend shelf life and protect products from temperature extremes.

  • Big pharma is developing pharmaceuticals that are most likely effective for rare diseases. The need for safe packaging of these drugs is vital and is expected to increase over the forecast period (2022-2032). Most of these medicines or drugs are sensitive to ambient temperature, and an unsuitable environment can easily affect their quality and effectiveness.

  • Many leading pharmaceutical industries depend on temperature-controlled pharmaceutical containers to ensure the safety of various pharmaceutical products. The life sciences sector is expected to flourish and can be found in new drug development activities that influence the current strategies of pharmaceutical companies. The use of the latest technologies by manufacturers in the global pharmaceutical industry contributes to the production of innovative medicines and drugs.

  • Technological advancements in the pharmaceutical industry enable major players to meet growing consumer demands for the latest and most effective drugs and pharmaceuticals. In addition to these recent developments in HVAC, the technology should prove extremely useful to manufacturers in producing more efficient temperature-controlled containers.

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Competitive landscape

The major market players operating in the temperature controlled pharmaceutical containers are aiming to expand their production capacities in order to meet the growing demand. They also form alliances and consider acquisition strategies to increase their resources.

While on the other hand, some of the other key players are developing new products in order to meet customer needs and gain competitive advantage. Additionally, these companies are focusing on upgrading their facilities to meet the demand.

More information on the Temperature Controlled Pharmaceutical Containers Market

India is considered the 3rd largest pharmaceutical industry in terms of volume compared to all other countries in the world. With the boom in pharmaceutical manufacturing and the supply of generic formulations across the globe, the demand in the temperature controlled pharmaceutical containers market is expected to rise over the forecast period. The Indian pharmaceutical industry is expected to grow at a robust CAGR of 9.5% during the assessment period of 2022 to 2032.

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Temperature Controlled Pharmaceutical Containers Market by Category

By type of control:

By form:

Per application:

By content type:

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1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Type of control Roadmap analysis

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Impact of Covid-19

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Macro factors and forecast factors

3.4. Value chain analysis

3.4.1. Profit Margin Analysis

3.4.2. raw material suppliers

3.4.3. Manufacturers, wholesalers and distributors

3.4.4. End users/ Customers

3.5. Regional Parent Market Outlook

3.6. Production and consumption statistics

3.7. Comparative analysis of world average prices

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Explore Extensive coverage of FMI packaging Market Outlook Landscape:

Passive Temperature Controlled Packaging Solutions Market: The global market for passive temperature-controlled packaging solutions is expected to reach US$10.6 billion in 2021. Sales of passive temperature-controlled packaging solutions are expected to increase by 9.1% CAGR between 2021 and 2031.

Temperature Controlled Packaging Boxes Market: The temperature controlled packaging box market is used to ship medical products and vaccines, which are susceptible to damage from temperature variations.

Temperature Controlled Pharmaceutical Packaging Solutions Market: The global temperature-controlled pharmaceutical packaging solutions market is expected to grow at a CAGR of 7.8% and reach a valuation of US$7.4 billion by 2032, from US$4 billion in 2022.

Temperature Controlled Pharmaceutical Packaging Market: The temperature-controlled pharmaceutical packaging market is able to provide better solutions than conventional and traditional insulating materials by deducting the volume and weight of the source to maintain the required thermal conditions.

Temperature-controlled packaging solutions for the pharmaceutical market: The temperature-controlled packaging solutions market for pharmaceuticals is expected to grow at a CAGR of 7.8% during the forecast period 2018-2028.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

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