The biopharma cold chain packaging market share is expected to increase by USD 1.85 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.24%.
This biopharma cold chain packaging market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biopharma cold chain packaging market segmentation by type (plastic packaging, metal packaging, and glass packaging) and geography (North America, Europe, APAC, MEA, and South America). The biopharma cold chain packaging market report also offers information on several market vendors, including CCL Industries Inc., Creopack, DGP Intelsius Ltd., Gerresheimer AG, Nordic Cold Chain Solutions, Peli BioThermal Ltd., Sealed Air Corp., Sofrigam, Softbox Systems Ltd., and Sonoco Products Co. among others.
What will the BioPharma Cold Chain Packaging Market Size be During the Forecast Period?
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BioPharma Cold Chain Packaging Market: Key Drivers and Challenges
The innovations in the biopharmaceutical sector are notably driving the biopharma cold chain packaging market growth, although factors such as increasing pricing pressures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biopharma cold chain packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key BioPharma Cold Chain Packaging Market Driver
One of the key factors driving growth in the biopharma cold chain packaging market is the innovations in the biopharmaceutical sector. Biopharmaceutical companies are developing large-molecule drugs, which are less stable than most small-molecule drugs. Less stable molecules tend to lose their biochemical property if not stored in controlled temperature during transit, hence boosting the demand for the product in focus. These industry trends lead to the demand for a fully developed cold chain to ensure the safe transportation of samples. The increasing adoption of cell and gene therapy in the biomedical industry boosts the demand for biopharma cold chain packaging. An increase in the number of gene therapy companies will augment the demand for biopharma cold chain packaging during transit, thus fueling the demand for the product.
Key BioPharma Cold Chain Packaging Market Challenge
The increasing pricing pressures will be a major challenge for the biopharma cold chain packaging market during the forecast period. The intense competition has given rise to pricing pressure on vendors. Medical device and drug manufacturers find it challenging to maintain their profitability because of increased raw material prices and the high costs of transportation and overall production. Therefore, drug and medical device manufacturers are pressurizing packaging companies to supply packaging products at lower prices. Packaging companies are developing new packaging materials to ensure optimum performance at reduced costs to meet the demand from end-users such as drug and medical device manufacturers.
This biopharma cold chain packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major BioPharma Cold Chain Packaging Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- CCL Industries Inc.
- Creopack
- DGP Intelsius Ltd.
- Gerresheimer AG
- Nordic Cold Chain Solutions
- Peli BioThermal Ltd.
- Sealed Air Corp.
- Sofrigam
- Softbox Systems Ltd.
- Sonoco Products Co.
This statistical study of the biopharma cold chain packaging market encompasses successful business strategies deployed by the key vendors. The biopharma cold chain packaging market is fragmented and the vendors are deploying growth strategies such as developing new products to address the core requirements of their customers to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The biopharma cold chain packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for BioPharma Cold Chain Packaging Market?
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33% of the market’s growth will originate from North America during the forecast period. The US is the key market for biopharma cold chain packaging in North America. Market growth in this region will be faster than the growth of the market in the European and South American regions.
This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Type Segments in the BioPharma Cold Chain Packaging Market?
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The biopharma cold chain packaging market share growth by the plastic packaging segment will be significant during the forecast period. The plastic packaging segment will grow steadily, owing to the high demand for polyethylene terephthalate, polypropylene, and polyethylene plastic packaging materials from biopharmaceutical manufacturers.
This report provides an accurate prediction of the contribution of all the segments to the growth of the biopharma cold chain packaging market size and actionable market insights on post COVID-19 impact on each segment.
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BioPharma Cold Chain Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.24% |
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Market growth 2021-2025 |
$ 1.85 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.42 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, Germany, India, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CCL Industries Inc., Creopack, DGP Intelsius Ltd., Gerresheimer AG, Nordic Cold Chain Solutions, Peli BioThermal Ltd., Sealed Air Corp., Sofrigam, Softbox Systems Ltd., and Sonoco Products Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this BioPharma Cold Chain Packaging Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive biopharma cold chain packaging market growth during the next five years
- Precise estimation of the biopharma cold chain packaging market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the biopharma cold chain packaging industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of biopharma cold chain packaging market vendors
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