The cold chain is a critical part of the delivery process for pharmaceutical and biotech products. These companies are able to ship products both domestically and internationally, which means they need thermal packaging that will withstand any shipping scenario. In addition to commercial distribution, cold chain packaging is critical to clinical trials. Proper packaging ensures the safety of drugs and accurate clinical results. Cold chain packaging is one way to ensure that products stay at their desired temperatures.
Perishable products in cold chains include vaccines, ice cream, and medical supplies. Without the correct temperature, these products will spoil, compromising public health and safety. Many pharmaceutical products require specific temperatures to prevent premature aging. Wine and frozen desserts must be frozen for extended periods of time to avoid bacterial growth. The same is true for perishable meat and poultry. Excess heat can cause bacterial growth and make the products dangerous.
Expanding healthcare and pharmaceutical industry around the globe is driving demand for advanced packaging solution for storing medicines. This is expected to augment the growth of cold chain packaging market. Increasing demand for frozen food products due to changing eating patterns of consumers is again expected to drive the market growth of the market.
On the other hand, strict regulation regarding packaging material coupled with the increasing price of raw material used for developing packaging solution are major factors expected to hinder the market growth.
Key features of the study:
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