Temperature Controlled Packaging Solutions Market

Temperature Controlled Packaging Solutions Market by Type (Active, Passive), Product, Usability (Single, Reuse), Revenue type (Product, Service), End-Use Industry (Pharma and Biopharma) & Region - Trends and Forecasts Up to 2026

Report Code: CH 5031 May, 2021, by marketsandmarkets.com

[150 Pages Report] The global TCP market size is estimated to be USD 34.4 billion in 2021 and is projected to reach USD 80.1 billion by 2026, at a CAGR of 18.4 % between 2021 and 2026. The TCP market is driven by healthcare sector during the forecast period.  North America is dominating region in healthcare sector with increase in demand from the US.

Temperature Controlled Packaging Solutions Market

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COVID-19 impact on the global TCP market

In 2020, the TCP market grew by 4% in terms of value, compared to 2019, amid the COVID-19 pandemic.  The demand for temperature-sensitive packaging increased for the distribution of COVID-19 vaccines across the globe. The companies developed their packaging system for shipping vaccines, test kits, and other critical medicines. The temperature-controlled packaging is susceptible to product damage due to temperature excursion. The product's efficacy gets compromised with temperature deviation. COVID-19 accelerated trends in the temperature-controlled packaging solution market.  The vaccine manufacturing companies collaborated with temperature-controlled packaging providers to develop customized products for the shipment of vaccines.

TCP Market Dynamics

Driver: Growth in Biopharmaceuticals due to COVID-19

Biopharmaceuticals or BioPharma products are derived from biological sources (animal, human, and microorganisms). Vaccines, enzymes, tissues, gene therapies, and cell therapies are some examples of biopharmaceuticals. These products are susceptible to heat, humidity and are required to be stored in low temperatures for shipping and storage.

Vaccines and cell therapies transportation requires a lower temperature for shipping. In 2020, due to the COVID-19 pandemic, the demand for the COVID-19 vaccine, cell and gene therapies, other flu vaccines have increased significantly. According to Our World in Data, as of April 2020, about only 5% of the overall population have received at least one dose of COVID-19 vaccines.  The demand for the shipment of vaccines across the globe is expected to increase, enhancing the market for temperature-controlled packaging. The COVID-19 vaccine developed by Pfizer – BioNTech is an Ultra-Low Temperature vaccine that requires to be stored at low temperature to maintain the quality and efficiency of the vaccine. The company collaborated with Softbox Systems Ltd. to develop reusable Ultra-Low Temperature (ULT) shippers that can store vaccines for up to 30 days. Apart from Pfizer, other biopharmaceutical companies collaborated with thermal packaging solution providers to ship their temperature-sensitive products worldwide.

Restraints: Stringent regulation on shipment of temperature sensitive products.

One of the risks involving in the supply of pharmaceutical products includes contamination. US Food and Drug Administration (FDA) has the authority to regulate the shipment of products. Regulation such as 21 CFR 211.150 talks about distribution procedures of temperature-sensitive products. World Health Organization (WHO) imposed regulations on the shipment of temperature-sensitive pharmaceutical products across the globe. These regulations come under Good Distribution Practices (GDP) Regulations. To maintain the efficiency of the product, regulation focuses on identifying & minimizing risks. Managing active and passive shipments for road and air transport for various cold chain points also came in the WHO regulations.

Standard tests are conducted to validate the ability of the packaging system to maintain the temperature range. According to International Air Transport Association (IATA), Temperature Control Regulations (TCR) contain all information and requirement (Government regulations, Carrier regulations, packaging, and other) before shipping a temperature-sensitive product. The International Safe Transit Association (ISTA) set standards for global package transportation. The ISTA test standards for temperature-sensitive shipping include 7D,20, 7E, and 3A.

Due to growing concern towards environmental pollution, the government is adopting strict regulation to minimize the impact. European Union imposed a regulation for the recovery of post-consumer waste. The packaging waste, particularly from the cold chain, is due to companies adapting outdated and cheapest solutions for delivery. The government and other public organizations focus on reducing carbon footprint in the cold chain and creating sustainable networks

Opportunity: Adoption of digitization in TCP market will help the companies to cut operational cost and decrease manual checks

The cold chain carries temperature sensitive payload. These payloads are at risk of damage and loss due to temperature excursion during shipment. Temperature-sensitive products are primarily from the biopharmaceutical industry and are of high importance. The industry encounters a loss of about USD 35 billion yearly due to failures in temperature-controlled logistics. The shipment of COVID-19 vaccines and other products such as cell and gene therapies has increased amid the COVID-19 pandemic in 2020. The temperature-sensitive packaging solution providers are focusing on developing a platform to improve the real-time visibility across the cold chain for temperature and location of cargos.

These digital platforms track various aspects in cold chain payload shipment such as temperature, location, vibration and provide other information such as flight schedules, weather, and ensures timely delivery of payloads. The logistics monitoring system will also provide insight into the problem area along the cold chain so that necessary steps could be taken to minimize the loss beforehand. The pharmaceutical & biopharma industries reliance in temperature sensitive shipping is growing steadily with the development of new drugs, vaccines, and other products.  The temperature-sensitive packaging solution providers are focusing on improving their services to these companies by providing more control over the cold chain for minimizing the loss of payload.

Challenges: Customs handling and lack of infrastructure for temperature sensitive shipment in developing economies

The custom personals having insufficient knowledge regarding temperature-sensitive products is one of the challenges faced by this market.  The custom delaying the clearance of shipment increases the probability of damaging temperature-sensitive products due to opening and checking products which cause temperature excursion mainly for passive temperature-sensitive containers. Moreover, government compliance varies from country to country, with challenges regarding temperature compliance. The lack of expertise in handling and maintaining the active temperature-sensitive containers and improper loading & unloading of products is another challenge for the temperature control market.

Developing economies such as China and India are key players in the global pharmaceutical industry. China is the key supplier of Active Pharmaceutical Ingredient (API) and India is the primary producer of vaccine. The availability of skill level in labors and available infrastructure is different in developed and developing countries. However, this challenge can be bridged by giving trainings and increasing the various stakeholders' stringency in the developing economies.

Active system is largest segment by type in TCP market.

Active system is the largest type segment for TCP Market. Active containers have active temperature control and the temperature inside the container is maintained at a specific temperature range with electric cooling or with the help of dry ice. The temperature accuracy provided by the active system is highest compared to the passive system. The active system is an expensive option and provides a stable temperature for long-distance shipment. The system can efficiently manage the delay caused in the supply chain. There is less possibility of temperature excursion with the availability of a power source. The growing transportation of bulk volume payload of temperature-sensitive pharmaceutical products will drive the active systems during the forecast period.

North America estimated to be the fastest-growing market for TCP.

North America accounted for the largest share of the TCP market in 2020, followed by APAC and Europe. The utilization of TCP is expected to witness the highest growth in the region during the forecast period. The market in this region is driven by the presence of global pharma and biopharma industries. Due to COVID-19, the demand for COVID-19 vaccines and other related products have increased significantly. The supply and distribution of COVID-19 vaccines requires temperature-controlled packaging solution. Leading temperature-controlled packaging manufacturing companies such as Pelican BioThermal LLC (U.S.), Sonoco Products Company (U.S.), Cold Chain Technologies, Inc. (U.S.), FedEx Corp. (U.S.), and AmerisourceBergen Corp. (U.S.) are based in North America. These companies are investing in R&D activities to develop innovative products for the packaging industry.

Temperature Controlled Packaging Solutions Market by Region

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Key Market Players

The leading players in the TCP market are Sonoco Products Company (US), Cold Chain Technologies, LLC (US), Va-Q-Tec AG (Germany), Pelican BioThermal LLC (US),        Softbox Systems (UK), Sofrigam SA (France), DGP Intelsius GMBH (UK), Inmark, LLC (US), Envirotainer AB (Sweden),  Fedex Corporation (US), United Parcel Service, Inc. (US) and Amerisourcebergen Corporation (US)

Report Objectives

Report Metric

Details

Years Considered

2019–2026

Base year

2020

Forecast period

2021–2026

Unit considered 

Value (USD Million)

Segments

Type, Usability, Revenue Type, Product, End-Use Industry and Region

Regions

APAC, North America, Europe, Middle East & Africa and South America

Companies

The major players are, Sonoco Products Company (US), Cold Chain Technologies, LLC (US), Va-Q-Tec AG (Germany), Pelican BioThermal LLC (US),      Softbox Systems (UK), Sofrigam SA (France), DGP Intelsius GMBH (UK), Inmark, LLC (US), Envirotainer AB (Sweden),               Fedex Corporation (US),             United Parcel Service, Inc. (US) and Amerisourcebergen Corporation (US) are top 12 companies covered in TCP market.

This research report categorizes the global TCP market on the basis of Type, Usability, Revenue Type, Product, End-Use Industry and Region.

Scope of the report:

This research report categorizes the TCP market on the basis of Type, Usability, Revenue Type, Product, End-Use Industry and Region.

On the basis of Type

  • Active Systems
  • Passive Systems

On the basis of Usability

  • Single
  • Reuse

On the basis of Revenue Type

  • Products
  • Services

On the basis of Product

  • Insulated Shippers
  • Insulated Containers
  • Refrigerants

On the basis of Product

  • Pharma
  • Biopharma

On the basis of region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In March 2021, Cold Chain Technologies planned to expand its temperature-controlled solutions in EMEA (Europe, the Middle East, and Africa) region by opening new regional headquarters in the Netherlands.
  • In November 2020, Sonoco Products Company launched EOS line of parcel shippers. The product is recyclable temperature control packaging system. The product is made for life science and perishable food products.
  • In November 2020, Cold Chain Technologies planned to open new facility in Lebanon, US for distribution of COVID-19 vaccines.
  • In October 2020, Pelican BioThermal LLC introduced the new line of Golden Hour One, the new line of products for military. The product is smaller and is suitable to carry blood and platelets.
  • In February 2020, Pelican BioThermal LLC announced the acquisition of NanoCool LLC (Albuquerque, New Mexico). The company is involved in production of temperature-controlled packaging systems.
  • In January 2020, Sonoco Products Company acquired Thermoform Engineered Quality, LLC from ESCO Technologies, Inc (US). The company is a manufacturer of thermoformed packaging for health care and other markets.

Frequently Asked Questions (FAQ):

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Table of Content

1 Introduction 
    1.1 Key Objectives
    1.2 Market Definition
           1.2.1 Inclusions & Exclusions
    1.3 Markets Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations 
    1.6 Stakehlders 
    1.7 Summary of Changes 

2 Research Methodology
    2.1 Research Data 
           2.1.1 Key Data from Secondary Sources
    2.2 Primary Data 
           2.2.1 Key Data from Primary Sources
           2.2.2 Key Industry Insights
           2.2.3 Breakdown of Primary Interviews
    2.3 Market size estimation 
           2.3.1 Top Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market crackdown & data triangulation 
    2.5 Data Triangulation 
    2.6 Assumptions 
    2.7 Limitations & Risk Assessment 

3 Executive Summar

4 Primary Insights 

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1  Drivers
           5.2.2  Restraints
           5.2.3  Challenges
           5.2.4  Opportunities
    5.3 Porter’s Five Forces Analysis
    5.4 Macroeconomic indicators
    5.5 Value Chain Analysis 
    5.6 Ecosystem/Market Mapping
    5.7 Impact of COVID-19 on temperature controlled packaging solutions Market
    5.8 Customer Analysis
    5.9 YCC Shift
    5.10 Technology Analysis ( only qualitative information will be provided)  
    5.11 Range Scenario of the temperature controlled packaging market
    5.12 Regulatory Landscape
    5.13 Patent Analysis 

6 Temperature controlled packaging solutions  Market, By Type 2019-2026 (Volume & Value)
    6.1 Introduction
    6.2 Active Systems
    6.3 Passive Systems

7 Temperature controlled packaging solutions  Market, By Usability 2019-2026 (Volume & Value)
    7.1 Introduction
    7.2 Single
    7.3 Reuse

8 Temperature controlled packaging solutions  Market, By Revenue Type 2019-2026 (Volume & Value)
    8.1 Introduction
    8.2 Products
    8.3 Services

9 Temperature controlled packaging solutions  Market, By Product 2019-2026 (Volume & Value)
    9.1 Introduction
    9.2 Insulated Shippers
    9.3 Insulated Containers
    9.4 Refrigerants

10 Temperature controlled packaging solutions  Market, By End-Use Industry, 2019-2026 (Volume & Value)
     10.1 Introduction
     10.2 Pharma
     10.3 Bio-pharma

11 Temperature controlled packaging solutions  Market, By Region, 2019-2026 (Volume & Value)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 Switzerland
             11.3.3 France
             11.3.4 Italy
             11.3.5 UK
             11.3.6 Rest of Europe (RoE)
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC (RoAPAC)
     11.5 South America 
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Rest of South America (RoSA)
     11.6 Middle East & Africa
             11.6.1 Saudi Arabia
             11.6.2 South Africa
             11.6.3 Rest of MEA (RoMEA)

12 Competitive Landscape 
     12.1 Market Evaluation Matrix
     12.2 Market ranking/shares
     12.3 Revenue Analysis Of Top 5 Market Players 
     12.4 Market Evaluation Matrix
     12.5 Key Poistioning of Key Players 
     12.6 Competitive Situation and Trends
             12.6.1 New Product Launches
             12.6.2 Agreements, Partnerships, Collaborations, & Joint Ventures
             12.6.3 Expansions
             12.6.4 Mergers & Acquisitions
     12.7 Company Evauation Quadrant 
             12.7.1 Star
             12.7.2 Emerging Leader
             12.7.3 Pervasive
             12.7.4 Participant

13 Company Profiles 
(Company Overview, Financials*, Geographical Segmentation, Product description, SWOT Analysis, Business strategy)
     13.1 Manufacturers
             13.1.1 Sonoco Products Company
             13.1.2 Cold Chain Technologies, LLC
             13.1.3 Va-Q-Tec AG
             13.1.4 Pelican BioThermal LLC
             13.1.5 Softbox Systems
             13.1.6  Sofrigam SA
             13.1.7  DGP Intelsius GMBH
             13.1.8 Inmark, LLC
             13.1.9  Envirotainer AB
             13.1.10 Others
                        13.1.10.1 Cryopak Industries Inc.
                        13.1.10.2 EcoCooL GmbH
                        13.1.10.3 Cryoport, Inc.
                        13.1.10.4 Exeltainer SL
                        13.1.10.5 CSafe Global, LLC
                        13.1.10.6 American Aerogel Corporation
                        13.1.10.7 Insulated Products Corporation
                        13.1.10.8 Sealed Air Corporation
                        13.1.10.9 Nordic Cold Chain Solutions
                        13.1.10.10 Aeris Dynamics PTE LTD
                        13.1.10.11 Lifoam Industries, LLC
     13.2 Carriers
             13.2.1 Fedex Corporation
             13.2.2 United Parcel Service, Inc.
             13.2.3  Deutsche Post AG (DHL)
     13.3 Distributors
             13.3.1 Amerisourcebergen Corporation
             13.3.2 Cardinal Health, Inc.
             13.3.3 McKesson Corporation

*Financials will be given only for listed companies

Note: The list may change as per research progress. Top 10 Companies would be profiled considering their market share, strategies and other factors

The study involved four major activities for estimating the current size of the global TCP market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions and sizes with the industry experts across the value chain of TCP through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the TCP market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, journals & newsletters, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The TCP market comprises several stakeholders in the supply chain, which include suppliers, processors, distributors and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the TCP market. Primary sources from the supply side include associations and institutions involved in the TCP industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

Temperature Controlled Packaging Solutions Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global TCP market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.

Data Triangulation

After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the global TCP market in terms of value.
  • To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market based on type, product, usability, revenue type and end-use industry.
  • To analyze the impact of COVID-19 on the market.
  • To forecast the market size, in terms of volume and value, with respect to five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape.
  • To analyze competitive developments in the market, such as new product launch, capacity expansion, and merger & acquisition.
  • To strategically profile the leading players and comprehensively analyze their key developments, such as expansions and mergers & acquisitions, in the TCP market

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of APAC Catalyst Handling Services market
  • Further breakdown of Rest of Europe Catalyst Handling Services market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

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Published ON
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