Temperature Controlled Pharmaceutical Packaging Solutions Market Analysis North America, Asia, Europe, Rest of World (ROW) - US, Canada, UK, Germany, China - Size and Forecast 2024-2028

Temperature Controlled Pharmaceutical Packaging Solutions Market 2024-2028

The global temperature controlled pharmaceutical packaging solutions market size is estimated to grow by USD 10.83 billion, at a CAGR of 9.54% between 2023 and 2028.  A growing trend shaping market growth is the renewed emphasis on traditional strategies such as vendor acquisitions. In the global temperature-controlled pharmaceutical packaging solutions market, existing vendors face moderate competition, driving them to seek strategic partnerships and acquisitions with various industry players.

These collaborations span across software providers, technology suppliers, hardware manufacturers, product designers, and platform providers. Such alliances enable vendors to innovate, expand their geographic footprint, and leverage technological expertise. Through these partnerships, vendors bolster their product portfolios, widen their customer reach, and, consequently, boost revenue.

However, significant challenges hinder market growth, notably the lack of logistics infrastructure and low adoption of automated technologies in countries like Brazil, China, India, and South Africa. Factors such as inadequate infrastructure, insufficient trained personnel, outdated technology, and inconsistent power supply impede market progress, leading to product damage and limited adoption of advanced equipment by warehousing service providers due to high initial costs.

Additionally, regulatory directives regarding quality criteria, product quality, dependability, and patient safety drive the need for supply chain transparency, facilitated by blockchain technology, particularly crucial for BioPharma products, Active Pharmaceutical Ingredient, and pharmaceutical items, including enzymes, gene therapies, and cell therapies.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, Download Report Sample

Market Segmentation by Type, Product, and Geography Analysis

Type Analysis 

Insulated shippers

The market share growth by the insulated shippers segment will be significant during the forecast period. It is expected to maintain its dominance during the forecast period owing to the growing adoption of insulated shippers in pharmaceutical products such as drugs and vaccines. These insulated shippers come with various benefits, such as ensuring optimal temperature levels, safe storage, and delivery of temperature-sensitive products like pharmaceuticals and lab specimens. 

Get a glance at the market contribution of various segments Download PDF Sample

The insulated shippers segment was the largest and was valued at USD 7.89 billion in 2018. Moreover, factors like increasing focus on cold chain expansion by logistics suppliers, stringent regulations for pharmaceutical players by regulatory bodies, and growing innovation in insulation technology, such as involvement of different materials for insulation like phase change material cooling technologies, are expected to drive the market growth and trends of insulated shippers segment of the market. Furthermore, vendors in the market are coming up with new product launches. For instance, in May 2020, Softbox, a subsidiary of CSafe Global, announced the launch of a new plastic-free 100% kerbside-recyclable cardboard insulated shipper for the delivery of chilled products. Such developments and the abovementioned features are expected to drive the growth of the insulated shippers segment of the market during the forecast period.

Product Analysis 

Active systems

The active systems segment by type dominated the global market in 2023. It is expected to maintain its dominance during the forecast period. Active systems come in parcel size to full trailer systems and provide heating, cooling or both. Moreover, active systems often require limited preparation and are often simple to pack following a standard operating procedure. However, these systems are of high cost, and unless there is a full load, the efficiency of use may be restricted. Moreover, large active solutions come at a high capital cost and are almost exclusively leased or have space within them rented for specific periods. Nevertheless, factors like growth in demand for reefer containers from the pharmaceutical sector and increased adoption of insulated shippers are expected to drive the growth of the active systems segment of the market during the forecast period. 

Regional Analysis

For more insights about the market share of various regions Download PDF Sample now!

Asia is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. The market in North America is expected to grow during the forecast period. This is because of the higher prevalence of the cold chain logistics sector for the pharmaceutical industry in the US. In addition, the presence of key logistic service providers is intensifying the market competition. However, the demand for temperature controlled pharmaceutical packaging solutions is strengthening in North America owing to the growth of the healthcare industry in the region.

For instance, a wide range of new drugs and biological products are approved by the Center for Drug Evaluation and Research in the US every year. As a result, the volume of drugs in the US market will increase. The rise in the volume of pharmaceutical products will increase the demand for temperature controlled packaging logistics in the US, which, in turn, will drive the growth of the regional market during the forecast period.

Buy Full Report Now

Temperature Controlled Pharmaceutical Packaging Solutions Market: Trends, Challenges, and Customer Landscape

Market vendors focus on acquisitions to bolster pharmaceutical item solutions. Collaboration with businesses across the supply chain ensures adherence to regulations and quality criteria. Regulatory directives drive product quality and dependability, ensuring patient safety. Integration of blockchain technology enhances supply chain transparency. Temperature-controlled packaging solutions cater to BioPharma products, enzymes, gene therapies, and cell therapies. Key associations like the WHO, IATA, and ISTA regulate international shipping standards. Aeris Dynamics leads in active and passive systems. Mergers and acquisitions streamline adoption lifecycles and purchase criteria.

Key Market Drivers

This market is driven by the increasing demand for reefers or refrigerated containers, which ensure a constant supply of uniform air through specific T-shaped decking, widely utilized for transporting pharmaceutical products. The necessity to transport temperature-sensitive pharmaceuticals fuels the adoption of reefer containers, thereby driving the demand for temperature-controlled pharmaceutical packaging solutions. Coordinating the movement of these products within the supply chain is crucial to maintain their physical and chemical integrity, as improper storage conditions can lead to product deterioration. To optimize efficiency and productivity, new reefer containers are projected to join the global fleet, minimizing the number of round trips required.

The growing reliance on reefer containers within the pharmaceutical sector is expected to propel the expansion of the global temperature-controlled pharmaceutical packaging solutions market in the forecast period. Market trends and analysis indicate a surge in demand for specialty medications, particularly BioPharma products such as enzymes, gene therapies, and cell therapies, driving regulatory directives for quality criteria, product quality, dependability, and patient safety. Small pharmaceutical businesses navigating through regulations seek supply chain transparency facilitated by blockchain technology, ensuring compliance and enhancing market growth analysis."

Significant Market Trends

Growing focus on traditional strategies like acquisition by market vendors is an emerging trend shaping the market growth. The global temperature-controlled pharmaceutical packaging solutions market witnesses moderate competition among existing vendors, prompting them to engage in strategic partnerships and acquisitions with various market participants, including software providers, technology suppliers, hardware manufacturers, product designers, and platform providers. These collaborations empower vendors to develop advanced products, extend their geographical presence, and tap into technological expertise. By forming such partnerships, vendors can enhance their product offerings and expand their customer base, leading to increased revenue.

Moreover, one notable acquisition includes CSafe Global's acquisition of Softbox Systems in December 2021, consolidating its position in providing temperature-controlled packaging solutions for the pharmaceutical, life sciences, and cold chain logistics industries. Anticipated to have a positive impact, such acquisitions are expected to contribute to the growth of the global temperature-controlled pharmaceutical packaging solutions market during the forecast period.

Major Market Challenges

Lack of logistics infrastructure and low adoption of automated technologies is a significant challenge hindering the market growth. The logistics infrastructure for cold chains in countries such as Brazil, China, India, and South Africa is not well developed. Many factors, such as the scarcity of adequate infrastructure, lack of trained personnel, higher prevalence of old-fashioned technology, and inconsistent power supply, are impeding the market research and growth of the market in these countries. On average, about 20% of temperature-sensitive products are damaged due to the broken cold chain logistics supply chain. In addition, warehousing service providers are barely adopting technologically advanced equipment because of the high initial cost or high acquisition involved.

As a result, small vendors and domestic players are restricting themselves from adopting advanced equipment. They still prefer traditional operational methods. This is leading to constraints in the services provided to customers that seek temperature controlled pharmaceutical packaging solutions in their logistics infrastructure. This poses a significant challenge to the vendors operating in the market and restricts the growth of the market during the market forecast period.

Buy Now Full Report

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global Temperature Controlled Pharmaceutical Packaging Solutions Market Customer Landscape

Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Aeris Dynamics
• American Aerogel
• Cencora Inc.
• Cold Chain Technologies
• Cryo Store B.V.
• CSafe Global
• DGP Intelsius
• DoKaSch GmbH.
• DS Smith Plc
• Envirotainer AB
• FUCHS PETROLUB SE
• Hazgo
• Inmark Global Holdings LLC.
• Integreon
• Pelican Products Inc.
• Sofrigam, Sonoco Products Co.
• Va Q tec AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

In the market, ensuring the integrity and safety of pharmaceutical items is paramount. With stringent quality criteria and regulatory directives, businesses prioritize product quality, dependability, and patient safety. Leveraging blockchain technology, they enhance supply chain transparency and traceability, particularly crucial for biologics, customized medicine, and other specialized pharmaceuticals.

In emerging economies, where demand for specialty medications is rising, meeting regulatory requirements and maintaining product safety and integrity is vital. This involves optimizing pharmaceutical distribution networks, making strategic investments, and addressing environmental concerns through sustainable packaging solutions.

The market offers insulated chillers, advanced temperature monitoring, and innovative insulating materials to navigate diverse climatic zones and ensure the efficacy of vaccinations and other temperature-sensitive products. Collaborating with trusted logistical partners, companies ensure the physical and chemical integrity of biopharmaceuticals, enzymes, gene therapies, and cell therapies during transit.

With guidelines from organizations like the World Health Organization, International Air Transport Association, and International Safe Transit Association, the market continually evolves to meet evolving pharmaceutical supply chain demands, conducting thorough company analyses to deliver reliable solutions.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028

• Type Outlook
  • Insulated shippers
  • Insulated containers

• Product Outlook
  • Active systems
  • Passive systems

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of World (ROW)
    • Brazil
    • Argentina
    • Australia 

Temperature Controlled Pharmaceutical Packaging Solutions Market Scope
Report Coverage	Details
Page number	146
Base year	2023
Historic period	2018-2022
Market forecasting period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 9.54%
Market Growth 2024-2028	USD 10.83 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	8.65
Regional analysis	North America, Asia, Europe, and Rest of World (ROW)
Performing market contribution	Asia at 32%
Key countries	US, Canada, UK, Germany, and China
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Aeris Dynamics, American Aerogel, Cencora Inc., Cold Chain Technologies, Cryo Store B.V., CSafe Global, DGP Intelsius, DoKaSch GmbH., DS Smith Plc, Envirotainer AB, FUCHS PETROLUB SE, Hazgo, Inmark Global Holdings LLC., Integreon, Pelican Products Inc., Sofrigam, Sonoco Products Co., and Va Q tec AG
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, and Market condition analysis for the forecast period.
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.

Download Sample PDF at your Fingertips

What are the Key Data Covered in this Temperature Controlled Pharmaceutical Packaging Solutions Market Research Report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the temperature controlled pharmaceutical packaging solutions market between 2024 and 2028

• Precise estimation of the temperature controlled pharmaceutical packaging solutions market size and its contribution of the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Asia, Europe, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of temperature controlled pharmaceutical packaging solutions market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch