Cold Chain Packaging Market Report

Need for the transportation of specialized pharmaceutical products has increased substantially across the globe and therefore the need for its packaging as well as logistics. Cold Chain Packaging has emerged as an efficient packaging solution that enables maximum protection and controlled temperature transportation of items in the medical, biological, and pharmaceutical fields. It also finds application in active ingredients, diagnostics, and research and investigational materials that require temperature control.

Manufacturers to Take up Acquisition as a key Business Growth Strategy in Future

Sonoco ThermoSafe, Cryopak, Pelican BioThermal LLC., Cold Chain Technologies, Snyder Industries Inc., Softbox Systems Ltd., ACH Foam Technologies, Sofrigram, Sofrigam SA Ltd, Sealed Air Corporation, Amcor Plc, DGP Intelsius LLC., Burris Logistics, Agro Merchant Group, Cloverleaf Cold Storage, Swire Cold storage, Americold Logistics, Swire Cold storage, Interstate Warehousing, and Clondalkin Group are some of the key manufacturers of Cold Chain Packaging.

For instance, one of the major manufacturers, Americold Logistics has recently announced the strategic acquisition of Cloverleaf Cold Storage. This strategic move will enhance the company’s position as a leading company in cold chain infrastructure and expand its portfolio to above one billion refrigerated cubic feet, thus offering the company with greater diversification to better serve its customers.

Cold Chain Packaging Market to Gain Benefit from Rapid Growth of Biopharmaceutical Industry

Growing biopharmaceutical industry is one of the significant factors driving the demand for Cold Chain Packaging. Increasing demand for perishable goods among consumers is necessitating the industries to adopt Cold Chain Packaging. Additionally, expansion of the organized food retail industry is eventually increasing the application of Cold Chain Packaging. Implementation of strict food safety regulations is positively impacting the growth of the Cold Chain Packaging market.

Market Segmentation

By Material

●  Expanded Polystyrene (EPS)

●  Vacuum Insulated Panel

●  Fabricated EPS

●  Polyurethane

● Others

By Product Type

●  PCMs

●  Temperature Loggers

●  Insulated Shipping Containers

●  Pallet Containers

●  Parcel Containers

●  Others

By Application

●  Pharmaceutical Packaging

●   Food & Beverages

●  Medical Device Packaging

●  Agriculture Product Packaging

●  Industrial Products

●  Others

As per the market analysts, application of Cold Chain Packaging is expected to rise in the supply & logistics of biopharmaceuticals. Cold Chain Packaging is also gaining traction in the food industry owing to surge in the demand for packed food products and rising imports and exports of various perishable food items, especially seafood. Phase change materials (PCMs) are likely to witness huge demand among the pharmaceutical industries. The report also offers detailed analysis of the material segments and their contribution to the overall Cold Chain Packaging market size.

By Region

North America is expected to take the lead in the global Cold Chain Packaging market in terms of share. This is attributed to huge expenditure on cold chain logistics. Moreover, growing demand for processed food items in the US is calling for effective refrigeration solutions, thus impacting the Cold Chain Packaging market growth in North America. Europe could be another region exhibiting lucrative growth in the years to come owing to increasing biopharmaceutical imports and exports in the region.

Packaging is an indispensable part of every industry. It ensures protection of the product and even extends shelf life of the packaged items. Through the years, the packaging industry has undergone massive changes. From development of better, sturdier materials to changing outlooks toward designing environment-friendly materials, the packaging industry has witnessed some noteworthy changes.

The research reports on the packaging industry discuss the evolution of materials and the impact of changing consumer needs. Packaging solutions have constantly adopted newer technologies for providing consumers with safer perishables and keeping the products intact until delivered. Analysts have taken a granular view at the booming e-commerce sector and its influence on the packaging industry. We aim to provide the readers an in-depth and a comprehensive analysis of the packaging industry. Intricacies pertaining to food safety, environmental norms, and research and development of materials have been studied by analysts with a focused approach.