The Europe temperature controlled packaging solutions market is growing due to the rising need of temperature control in the pharmaceutical industry. Furthermore, growth in the cold chain industry and growth in industrial trade are predictable to boost the Europe temperature-controlled packaging solutions market growth.
According to Data Bridge Market Research the Europe Temperature Controlled Packaging Solutions Market expected to reach the value of USD 39,896.06 million by 2030, at a CAGR of 11.7% during the forecast period.
“Requirement of temperature control in the pharmaceutical industry”
The pharmaceutical industry is experiencing rapid growth globally, including in Europe, where temperature-controlled packaging plays a crucial role in the supply chain. This industry focuses on discovering and developing drugs for medicinal use, adhering to strict regulations. The increasing global population, particularly the elderly, along with rising cases of both communicable and non-communicable diseases, are driving the pharmaceutical industry. This, in turn, is increasing the demand for temperature-sensitive prescription and non-prescription drugs, necessitating effective temperature controlled packaging solutions for their transportation. As a result, the European temperature controlled packaging solutions market is expected to grow significantly.
What restraints the growth of temperature controlled packaging solutions?
“High maintenance and high investment”
Temperature-controlled packaging solutions are gradually becoming popular but higher initial investments and high maintenance costs for thermally controlled packaging are hampering revenue growth of the market. As a consequence of high maintenance costs and the need for huge investment in the early stages of temperature controlled packaging, which manufacturers invest less in the temperature-controlled packaging system, which is added to hinder the market growth.
Segmentation: Europe Temperature Controlled Packaging Solutions Market
The temperature controlled packaging solutions market is segmented on the basis of product and services, type, and industry.
- On the basis of product and services, the Europe temperature controlled packaging solutions market is segmented into product and services
- On the basis of type, the Europe temperature controlled packaging solutions market is segmented into passive system and active system
- On the basis of industry, the Europe temperature controlled packaging solutions is segmented into food & beverages, healthcare, chemical, and research laboratories
Regional Insights: Germany dominates the Europe temperature controlled packaging solutions market
Germany is a dominant player in the European temperature controlled packaging solutions market due to its robust and well-established pharmaceutical industry, known for its cutting-edge research and development capabilities. This industry requires precise temperature control to maintain the efficacy and safety of drugs during transportation.
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Recent Developments in Europe Temperature Controlled Packaging Solutions Market
- In December 2021, CSafe Global announced the acquisition of Softbox Systems. This acquisition will provide the most comprehensive suite of thermal shipping solutions, enabling the delivery of critical temperature-sensitive products, including next-generation biologics, cell and gene therapy, and mRNA therapies such as the COVID-19 vaccine. This acquisition will improve the performance of the target.
- In July 2020, CSafe Global hurled a new visual brand identity emphasizing consistency, quality, and innovation for their consumers and patients. CSafe Global is the only provider with a robust active and passive temperature-controlled portfolio. This update helped the company to increase revenue and product portfolio.
- In December 2018, Dokasch GmbH and Air Europa signed a master rental agreement. With the new deal, forwarders and pharma producers now have new direct transport options between Europe and Latin America. This update helped the company to increase revenue.
- In March 2021, Pelican BioThermal won an Asia Award for industry-leading packaging products. The company continues to expand its infrastructure and operations in Asia; Pelican BioThermal celebrated its third triumph at the coveted ceremony, which recognizes excellence within the biologics sector.
The Prominent Key Players Operating in the Europe Temperature Controlled Packaging Solutions Market:
- Deutsche Post AG (Germany)
- Sonoco Products Company (U.S.)
- FedEx (Netherlands)
- AmerisourceBergen Corporation (U.S.)
- va-Q-tec AG (Germany),
- United Parcel Service of America, Inc. (U.S.)
- DS Smith (U.K.)
- CSafe Global (U.S.)
- DoKaSch GmbH (Germany)
- SkyCell AG (Switzerland)
- Sofrigam (France)
- Cold Chain Technologies (U.S.)
- Intelsius (U.K.)
- Envirotainer (Sweden)
- Peli BioThermal Limited (U.S.)
- Envirotainer (Sweden)
Above are the key players covered in the report, to know about more and exhaustive list of Europe temperature controlled packaging solutions market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Europe Temperature Controlled Packaging Solutions Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
