The global market for temperature-controlled packaging solutions is anticipated to grow as a result of the expanding pharmaceutical industry, technological advancements in reusable packaging, and rising use of these packaging solutions for blood and organ donations as well as clinical trial products and medication transportation. For instance, the pharmaceutical market in India was estimated to be worth US$33 billion in 2017 by the Indian Brand Equity Foundation's (IBEF) research. The recommended temperatures for vaccine storage include -80°C (dry ice), -60°C, -20°C, and the more common 2-8°C temperature range. The World Health Organization advises including a temperature monitor with each shipment in order to keep track of the vaccine's temperature at every stage. If assistance is required, electronic temperature monitoring will notify the shipper in real-time or almost real-time, and the country receiving the shipment will be able to decide whether to accept the package. The global market for solutions for temperature-controlled packaging is anticipated to increase as a result of all these factors.
Coherent Market Insights estimates that the market for Temperature Controlled Packaging solutions was valued at US$ 8,771.8 Mn in 2020 and is anticipated to grow to US$ 17,882.7 Mn by 2028, with a CAGR of 9.3% during the projected period.
Leadin Companies in the Temperature Controlled Packaging industry:
Envirotainer AB
The company was founded in 1985 and is located in outside of Stockholm, Sweden. The business creates, produces, and distributes solutions for temperature-controlled packaging. The business provides temperature-sensitive items such blood plasma, insulin, vaccinations, and other biological medications in containers for transit. A new CryoSure® station was inaugurated by the company in Singapore in November 2022.
Intelsius
The business was founded in 1998 and has its main office in Mumbai. The business manufactures packaging supplies and provides temperature-controlled and sample-transport packaging designs and solutions. The Indiana Health Industry Forum welcomed Intelsius in August 2022. New website launched by Intelsius U.S. in November 2022.
Pelican Biothermal LLC,
The firm was founded in 1976 and is located in Minnesota, United States. The global life sciences industry can choose from the broadest selection of temperature-controlled, thermally-protected packaging and service options from Pelican BioThermal LLC. With the help of their products, delicate biological materials always arrive functional and undamaged, regardless of external circumstances.