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| Global Cold Chain Packaging Market Size |
Cold chain packaging products are increasingly being utilized for the safe
delivery of temperature-sensitive drugs, vaccines, and other pharmaceutical
products. They help maintain an uninterrupted cold chain by protecting
pharmaceuticals from temperature excursions during storage, handling, and
transportation. The rising demand for cold chain packaging from the
pharmaceutical industry is being driven by the growing biologics and
biosimilars market.
The global
Cold Chain Packaging Market is estimated to be valued at US$ 31.04 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The need for safe delivery of temperature-sensitive drugs is one of the key
trends driving the growth of the cold chain packaging market. Biologics such as
vaccines require controlled transportation and storage between 2 to 8 degrees
Celsius to maintain their efficacy and potency. However, frequent temperature
excursions during delivery can compromise the quality of pharmaceutical
products. To address this issue, pharma companies are increasingly outsourcing
temperature-controlled logistics and adopting advanced cold chain packaging
solutions that monitor and record temperature fluctuations. Innovative
packaging designs with improved insulating properties and temperature
monitoring systems are helping reduce vaccine wastage and ensure the quality of
pharmaceutical shipments across varying geographies. This is expected to
further boost the demand for cold chain packaging over the forecast period.
Segment Analysis
Cold Chain Packaging comprises different segments such as Refrigerants,
Insulated Containers, Temperature Monitoring, and others. The Refrigerants
segment dominates the market owing to its widespread application in cold chain
packaging to maintain the desired temperature inside the containers.
Refrigerants help extend the shelf life of perishable products by keeping them
chilled during storage and transportation.
Key Takeaways
Global
Cold Chain Packaging Market Size is expected to witness high growth
during the forecast period of 2024 to 2031. The global Cold Chain Packaging
Market is estimated to be valued at US$ 31.04 Mn in 2024 and is expected to
exhibit a CAGR of 8.9% over the
forecast period 2024 to 2031.
Regional analysis related content comprises
Asia Pacific region is expected to grow at the highest CAGR during the forecast
period. Growing populations and rising disposable incomes in developing
countries are driving demand for food products with longer shelf lives.
Expanding healthcare and pharmaceutical industries also contribute to market
growth. Moreover, warming climate is pushing more industries to adopt cold
chain logistics to prevent spoilage during transportation.
Key players related content comprises
Key players operating in the Cold Chain Packaging market are SHINVA MEDICAL
INSTRUMENT CO., LTD., Zhejiang DGM Pharma Machinery Co., Ltd., NICHIRYOKU
MACHINERY CO., LTD., JIANGSU WUHUAN AIR SEAL PACKAGING CO., LTD. These key
players are focusing on new product launches and strategic collaborations to
expand their presence and better serve the demands from healthcare, food and
beverages sectors.
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