The need for temperature control in the pharmaceutical industry is an essential driver for the Europe temperature controlled packaging solutions market. Growth in the cold chain industry and industrial trade are expected to propel the growth of the Europe temperature controlled packaging solutions market.
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Data Bridge Market Research analyses that the Europe Temperature Controlled Packaging Solutions Market is expected to grow at a CAGR of 11.7% from 2023 to 2030 and reach USD 39,896.06 million by 2030.
Key Findings of the Study
NEED FOR TEMPERATURE CONTROL IN PHARMACEUTICAL INDUSTRY
Temperature-controlled packaging is a critical part of the temperature supply chain. Pharmaceutical industry is amongst the fastest-growing industries around the globe as well in the European region. The industry deals in the discovering and developments of the drugs or other pharmaceutical products that are used as medications. Pharmaceutical companies deal in generic as well as branded drugs and are subjected to various stringent laws and regulations.
Moreover, growth in the global population, especially the geriatric population, and increasing number of communicable and non-communicable diseases are playing a crucial role in propelling the pharmaceutical industry. This is increasing the demand for prescription and non-prescription drugs which are labelled as temperature-sensitive owing to their critical nature. Therefore, it has increased the need for temperature controlled packaging solutions for medicine transportation and this is expected to drive the Europe temperature controlled packaging solutions market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Product and Services (Product and Services), Type (Passive System, and Active System), Industry (Food & Beverages, Healthcare, Chemical, and Research Laboratories)
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Countries Covered
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Germany, France, U.K., Italy, Spain, Belgium, Netherlands, Switzerland, Russia, Turkey, and Rest of Europe
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Market Players Covered
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Deutsche Post AG (Bonn, Germany), Sonoco Products Company (South Carolina, U.S.), FedEx (Hoofddorp, The Netherlands), AmerisourceBergen Corporation (Pennsylvania, U.S.), va-Q-tec AG (Wurzburg, Germany), United Parcel Service of America, Inc. (Georgia, U.S.), DS Smith (England, U.K.), CSafe Global (Ohio, U.S.), DoKaSch GmbH (Staudt, Germany), SkyCell AG (Zurich, Switzerland), Sofrigam (Paris, France), Cold Chain Technologies (Massachusetts, U.S.), Intelsius (England, U.K.), Envirotainer (Sollentuna, Sweden), Peli BioThermal Limited (Minnesota, U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
Europe temperature controlled packaging solutions market is segmented on the basis of product & services, type, and industry
- On the basis of product & services, the Europe temperature controlled packaging solutions market is classified into services and product. In 2023, the services segment is expected to dominate the Europe temperature controlled packaging solutions market due to its lower cost fragmentation among consumers.
- On the basis of type, the Europe temperature controlled packaging solutions market is classified into passive system and active system.
In 2023, the passive system segment of the type segment is anticipated to dominate the Europe temperature controlled packaging solutions market.
In 2023, the passive system is expected to dominate the Europe temperature controlled packaging solutions market due to availability of more sources for packaging solutions in varied forms. The passive system segment is expected to reach the highest CAGR of 11.3% in the forecast period of 2023-2030.
- On the basis of industry, the Europe temperature controlled packaging solutions market is classified into food & beverages, healthcare, chemical and research laboratories.
In 2023, the food & beverages segment of the type segment is anticipated to dominate the Europe temperature controlled packaging solutions market.
In 2023, the food & beverages is expected to dominate the Europe temperature controlled packaging solutions market since the rate of temperature controlled packaging solutions is mostly used to store food and beverages. The passive system segment is expected to reach the highest CAGR of 11.3% in the forecast period of 2023-2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major temperature controlled packaging solutions market players in Europe temperature controlled packaging solutions market are Deutsche Post AG (Bonn, Germany), Sonoco Products Company (South Carolina, U.S.), FedEx (Hoofddorp, The Netherlands), AmerisourceBergen Corporation (Pennsylvania, U.S.), va-Q-tec AG (Wurzburg, Germany), United Parcel Service of America, Inc. (Georgia, U.S.), DS Smith (England, U.K.), CSafe Global (Ohio, U.S.), DoKaSch GmbH (Staudt, Germany), SkyCell AG (Zurich, Switzerland), Sofrigam (Paris, France), Cold Chain Technologies (Massachusetts, U.S.), Intelsius (England, U.K.), Envirotainer (Sollentuna, Sweden), Peli BioThermal Limited (Minnesota, U.S.) among others
Market Developments
- 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.
- In February 2020, Pelican BioThermal announced the acquisition of NanoCool, an Albuquerque, New Mexico-based manufacturer of temperature-controlled packaging solutions. This acquisition promotes the breadth of the Pelican BioThermal product portfolio, previously the most comprehensive in the industry. The calculation of NanoCool customers, market segments, and product technologies has permitted Pelican BioThermal to expand its access to patients' laboratories.
Regional Analysis
As per Data Bridge Market Research analysis:
Germany is the dominant region in the Europe temperature controlled packaging solutions market during the forecast period 2021 - 2028
In 2023, Germany is expected to dominate the Europe temperature controlled packaging solutions market due to the rising need for temperature control packaging solutions in pharmaceutical industry in the country
For more detailed information about the temperature controlled packaging solutions market report, click here – https://www.databridgemarketresearch.com/fr/reports/europe-temperature-controlled-packaging-solutions-market
