The global TCP market size was $ 34.4 billion in 2021 and is expected to reach $ 80.1 billion by 2026, with a CAGR of 18.4% between 2021 and 2026
Temperature Controlled Packaging Solution is a crucial part of the cold chain industry, involved in maintaining the desired temperature range for a predefined amount of time for temperature sensitive products. Pharma and Biopharma are end use industries for temperature controlled packaging solutions.
New York, May 14, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Temperature Controlled Packaging Solutions Market by Type, Product, Usability, Revenue Type, End-Use Industry and Region – Trends and forecasts up to 2026 “- https://www.reportlinker.com/p04751619/?utm_source=GNW
The products of these industries are temperature sensitive and are subject to temperature variations during storage and shipping, degrading the effectiveness of these products. There are two types of packaging systems for shipping temperature sensitive products: the active system and the passive system. The preference of the packaging system depends mainly on the type of product and the costs incurred during shipping. Technological innovation and development in the packaging industry has led to the development of highly advanced temperature controlled packaging products. The market is expected to grow steadily due to the increasing demand for these packaging solutions in various end-use industries.
Active Systems is expected to be the largest segment by type in the TCP market
Active systems are the largest type segment for the TCP market. Active containers have active temperature control, which means they maintain a specific temperature range with minimum deviation.
The systems are available in three types: – heating and cooling with dry ice; cool only; and heating and cooling using compressors. Active systems are suitable for shipping large volumes of payload with substantial transit time, such as international shipments.
North America is the important market for active systems. The temperature accuracy provided by the active system is the highest compared to the passive system. The active system provides a stable temperature for long distance expeditions. The system can effectively deal with the delay caused in the supply chain. There is less possibility of temperature excursion with the availability of a power source.
Single use is expected to be the most significant segment in terms of usability in the TCP market during the forecast region.
Single use is the largest segment of usability for the TCP market. These are basic containers that are suitable for shipping.
These containers are a lightweight and cheaper option compared to reusable packaging systems. The packaging system tends to generate packaging waste with the disposal of the containers.
The single-use container market is driven by its ease of use, which enables open distribution, and there is no need to return containers to their origin.These containers are a suitable option for remote locations where logistics reverse is not possible.
Growing demand for pharmaceutical or biopharmaceuticals (vaccines, cell and gene therapy, and clinical trials) is expected to drive the single use packaging systems market during the forecast period.
Pharma is the largest segment by end-use industry in the TCP market during the forecast region.
Pharmaceutical industries include products derived from synthetic or chemical processes (artificial sources). Its products include drugs and other drugs.
Pharmaceuticals are susceptible to damage due to temperature variations, humidity and other reasons, therefore, products are transported in temperature-controlled packaging solutions around the world.
The growing demand for pharmaceuticals is expected to drive the temperature-controlled packaging solutions market during the forecast period. Recent trends in temperature controlled packaging solutions for pharmaceuticals include the use of data loggers, temperature sensors and other software platforms to improve visibility throughout the supply chain. cold and the use of insulation materials and advanced refrigerants in packaging materials for longer transit times.
â¢ By type of revenue, products represent the largest share of the TCP market
The temperature controlled packaging market product includes packaging systems (shippers / containers) and refrigerants. These packaging systems are available in different sizes and temperature ranges.
These temperature-controlled packaging are suitable for shipping products to the health and life science industry and other industries.With the development of new drugs and vaccines, the requirement for safe distribution and secure has increased.
The focus is on the development of packaging systems suitable for long transit time and at the same time exhibiting minimum temperature deviation.In the COVID scenario, the demand for vaccines, drugs and cell and gene therapy has increased. increases.
Distributions of these products require temperature-controlled packaging products.
Isolated senders account for the largest share of the TCP market by product
Isolated shippers are also known as parcel shipping systems, which are suitable for transporting heat sensitive payload with a volume ranging from 4 liters to 100 liters.
These mailers are ideal for pharmaceutical and clinical trial shipments. Isolated shippers include single-use and reuse packaging systems.
To provide temperature protection for highly temperature sensitive shipments, insulated shippers use advanced vacuum insulated materials and phase change materials. These are lightweight and economical options suitable for domestic, international and last mile delivery shipping.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.
The breakdown of primary interviews is given below:
â¢ By type of company – Tier 1 – 25%, Tier 2 – 42% and Tier 3 – 33%
â¢ By designation – level C – 20%, director level – 30% and others * – 50%
â¢ By region – North America – 40%, Europe – 10%, APAC – 20%, South America – 10% and Middle East and Africa – 20%
Notes: Others include sales, marketing, and product managers.
Level 1:> 1 billion USD; Level 2: 500 million to 1 billion USD; and level 3:
The companies presented in this market research report are Sonoco Products Company (United States), Cold Chain Technologies, LLC (United States), Va-Q-Tec AG (Germany), Pelican BioThermal LLC (United States) , Softbox Systems (United Kingdom), Sofrigam SA (France), DGP Intelsius GMBH (United Kingdom), Inmark, LLC (United States), Envirotainer AB (Sweden), Fedex Corporation (United States), United Parcel Service , Inc. (United States), Deutsche Post AG (DHL) (Germany), Cardinal Health, Inc. (United States), McKesson Corporation (United States), Amerisourcebergen Corporation (United States) and others.
This research report categorizes the TCP market on the basis of type, usability, end-use industry, revenue type, products, and region.The report includes in-depth information on major factors influencing the growth of the TCP market, such as drivers, restraints, challenges and opportunities.
A detailed analysis of major industry players has been performed to provide information on business overviews, products and services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.
Reasons to buy the report
The report will assist the market leaders / new entrants in this market in the following ways:
1. This report segments the TCP market comprehensively and provides the closest approximations to market size for the overall market and sub-segments within verticals and regions.
2. The report will help stakeholders understand the market pulse and provide them with insights into the major market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand the main competitors and obtain information to improve their position in the company. The competitive landscape section includes expansions, new product developments and joint ventures.
4. The report includes the impact of COVID-19 on the TCP market.
Read the full report: https://www.reportlinker.com/p04751619/?utm_source=GNW
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