The global cold chain market for pharmaceuticals is estimated to be worth $6.2 billion in 2023 and expected to grow at a compounded annual growth rate (CAGR) of 3.7% during the forecast period (2023-2035).
This market report features an extensive study of the current market landscape, market size and future opportunities associated with the temperature controlled packaging in pharma cold chain market, during the forecast period. Further, the market report highlights the efforts of several stakeholders engaged in this rapidly emerging segment of the pharmaceutical packaging industry.
One of the primary objectives addressed in this market report was the estimation of the current market size and the future growth potential within the cold chain market for pharmaceuticals in the upcoming years. Through a thorough consideration of various parameters, anticipated adoption trends, and validated by primary research, the report provides informed estimates on the expected evolution of the cold chain market for pharmaceuticals during the forecast period from 2023 to 2035.
Recent advancements in the cold chain monitoring market have revolutionized the cold chain industry. In this context, the advent of temperature monitoring sensors / devices, such as data loggers and indicators has enabled real-time monitoring and tracking of packaged products during shipment, increasing the overall efficiency of the cold chain.
However, there are still some challenges associated with the packaging and temperature monitoring of pharmaceuticals in cold chain storage, including risk of damage, contamination, and disrupted temperature control. This can be validated from the fact that, in some countries, about 80% of the drugs are assessed to lose their effectiveness due to inadequate packaging as well as temperature control during their cold chain transportation. Further, several unanticipated challenges, such as equipment breakdown and excessive heat exposure may lead to the disruption in cold chain.
Therefore, in order to circumvent these challenges, industry players have been actively engaged in the development of hybrid solutions. These solutions involve the use of temperature data loggers integrated within the cold chain shippers / insulated containers for improved visibility and efficient tracking of pharmaceutical shipment in the cold chain industry, posing as a promising alternative over conventional packaging solutions.
Given the ongoing pace of innovation in this field, coupled with the encouraging market growth of cold chain market in pharmaceutical industry and the continuous efforts of industry players, the cold chain market for pharmaceuticals is expected to witness significant growth during the forecast period.
Key Market Insights
Overall Market Landscape of Insulated Containers/Cold Chain Shippers Providers:
Presence of over 35 companies, with 58% established before 2000.
51% of pharma cold chain companies based in North America.
Majority (68%) provide passive cold chain solutions, while 27% offer hybrid solutions.
Expansion initiatives and sustainable packaging alternatives drive market growth.
Overall Market Landscape of Data Logger Providers:
More than 65 companies, with majority offering data loggers.
44% established before 2000, showcasing experience in cold chain monitoring.
40% of data logger providers for pharmaceutical cold chain shipment monitoring based in Europe.
Novel temperature data loggers expected to drive market growth.
Key Drivers for Cold Chain Market Growth:
Increasing demand for temperature-controlled packaging due to biologics and cell and gene therapies.
North America holds largest market share, with Europe growing at 4.5% annually.
Key Companies Profiled
Cold Chain Technologies
Cryopak
CSafe
EMBALL'ISO
Intelsius
Nordic Cold Chain Solutions
Peli BioThermal
SEE
SOFRIGAM
Sonoco Thermosafe
Tempack
Key Attributes:
Report Attribute
Details
No. of Pages
255
Forecast Period
2023 - 2035
Estimated Market Value (USD) in 2023
$6.2 Billion
Forecasted Market Value (USD) by 2035
$9.59 Billion
Compound Annual Growth Rate
3.7%
Regions Covered
Global
Key Topics Covered:
1. PREFACE
2. RESEARCH METHODOLOGY
3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS 3.1. Chapter Overview 3.2. Market Dynamics
4. EXECUTIVE SUMMARY
5. INTRODUCTION 5.1. Chapter Overview 5.2. Introduction to Cold Chain Packaging 5.3. Historical Timeline of Cold Chain 5.4. Cold Chain Solutions for Pharmaceutical Industry 5.5. Applications of Cold Chain in Pharmaceutical Industry 5.6. Current Challenges and Future Perspectives
7. OVERALL MARKET LANDSCAPE: DATA LOGGER PROVIDERS 7.1. Chapter Overview 7.2. Data Logger Providers: Overall Market Landscape
8. COMPETITIVE BENCHMARKING 8.1. Chapter Overview 8.2. Assumptions and Methodology 8.3. Competitive Benchmarking of Cold Chain Container/Shipper Providers 8.3.1. Competitive Benchmarking: Players based in North America (Peer Group I) 8.3.2. Competitive Benchmarking: Players based in Europe (Peer Group II) 8.3.3. Competitive Benchmarking: Large Players based in Asia-Pacific and RoW (Peer Group III) 8.4. Concluding Remarks
9. COMPANY PROFILES 9.1. Chapter Overview 9.2. Cold Chain Technologies 9.2.1. Company Overview 9.2.2. Product Portfolio 9.2.3. Service Portfolio 9.2.4. Recent Developments and Future Outlook 9.3. Cryopak 9.4. CSafe 9.5. EMBALL'ISO 9.6. Intelsius 9.7. Nordic Cold Chain Solutions 9.8. Peli BioThermal 9.9. SEE 9.10. SOFRIGAM 9.11. Sonoco Thermosafe 9.12. Tempack 9.13. Other Leading Players 9.13.1. Almac 9.13.2. B Medical Systems 9.13.3. BioLife Solutions 9.13.4. CRS Mobile Cold Storage 9.13.5. Desert Valley Tech 9.13.6. Dubai Instruments 9.13.7. Envirotainer 9.13.8. Global Cold Chain Solutions (Headquartered in Australia) 9.13.9. Global Cold Chain Solutions (Headquartered in Singapore) 9.13.10. Klinge 9.13.11. Krautz-temax 9.13.12. Meds2go 9.13.13. phasetwo 9.13.14. Polar Tech Industries 9.13.15. Skycell 9.13.16. UPS Healthcare
10. PARTNERSHIPS AND COLLABORATIONS 10.1. Chapter Overview 10.2. Partnership Models 10.3. Cold Chain for Pharmaceuticals: Partnerships and Collaborations 10.4. Cold Chain for Pharmaceuticals: Acquisitions
11. PATENT ANALYSIS 11.1. Chapter Overview 11.2. Scope and Methodology 11.3. Cold Chain for Pharmaceuticals: Patent Analysis 11.4. Cold Chain for Pharmaceuticals: Patent Benchmarking Analysis 11.5. Patent Valuation Analysis
12. REGULATORY RECOMMENDATIONS AND GUIDELINES 12.1. Chapter Overview 12.2. Regulatory Guidelines Issued by International Authorities 12.3. Regulatory Guidelines Issued by Regional Authorities 12.4. Recommendations for Different Steps of Cold Chain 12.5. Comparative Analysis of Regulatory Authorities
13. UPCOMING TRENDS AND FUTURE GROWTH OPPORTUNITIES 13.1. Chapter Overview 13.2. Connected Cold Chain: Key Tools and Technologies 13.2.1. Artificial Intelligence 13.2.2. Augmented Reality 13.2.3. Automation and Robotics 13.2.4. Big Data Analytics 13.2.5. Block Chain Technology 13.2.6. Cloud Computing 13.2.7. Internet of Things 13.2.8. Radio Frequency Identification (RFID) Tags 13.3. Connected Cold Chain: Future Growth Opportunities 13.4. Real-Time Monitoring: An Application of Connected Cold Chain Solutions 13.4.1 Methods for Integration of Real-Time Monitoring in Cold Chain 13.4.1.1. RFID Based Real-Time Monitoring 13.4.1.2. Blockchain And IoT Based Real-Time Monitoring 13.4.2. Growth Opportunities for Real-Time Monitoring in Connected Cold Chain 13.4.3. Cost Benefits of Real-Time Monitoring in Cold Chain
15. COLD CHAIN MARKET FOR PHARMACEUTICALS 15.1. Chapter Overview
16. COLD CHAIN MARKET FOR PHARMACEUTICALS, BY TYPE OF PRIMARY PACKAGING 16.1. Chapter Overview 16.2. Key Assumptions and Methodology 16.3. Vials 16.4. Ampoules 16.5. Pre-filled Syringes 16.6. Bags 16.7. Data Triangulation
17. COLD CHAIN MARKET FOR PHARMACEUTICALS, BY TYPE OF SECONDARY PACKAGING 17.1. Chapter Overview 17.2. Key Assumptions and Methodology 17.3. Cold Boxes 17.4. Vaccine Carriers 17.5. Insulated Containers 17.6. Data Triangulation
18. COLD CHAIN MARKET FOR PHARMACEUTICALS, BY TYPE OF USABILITY 18.1. Chapter Overview 18.2. Key Assumptions and Methodology 18.3. Reusable Containers/Shippers 18.4. Single-use Containers/Shippers
19. COLD CHAIN MARKET FOR PHARMACEUTICALS, BY KEY GEOGRAPHICAL REGIONS 19.1. Chapter Overview 19.2. Key Assumptions and Methodology
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