The global Temperature Controlled Packaging Solutions 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 expected to witness steady growth forecast period due to growth in Biopharmaceuticals amid COVID-19 pandemic. Moreover, the increase in demand for reusable containers and utilisation of advanced insulation material for passive system is driving the TCP market. The adoption of digitization and focus towards green initiatives to minimize environment impact are opportunities in TCP market.
Temperature-controlled packaging solution is involved in maintaining the desired temperature range for a predefined time for temperature-sensitive products. Pharma and Biopharma are end-use industries for Temperature-controlled packaging solutions. The products from these industries are temperature sensitive and are prone to temperature excursion during storage & shipment, degrading the efficacy of these products. There are two types of packaging systems for shipment of temperature-sensitive products: active system and passive system. The preference of the packaging system primarily depends on the type of product and cost incurred during shipment. Technology innovation and development in the packaging industry have led to the development of highly advance temperature-controlled packaging products.
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The TCP market is segmented on the basis of type as active and passive systems. Active systems include refrigerated boxes and pallet shippers, which operate through an external power source. It is an expensive option and suitable for highly temperature-sensitive products such as pharmaceuticals which require shipping at a fixed temperature. Passive systems rely on insulating materials and temperature stabilizing materials that include refrigerants such as wet ice, dry ice, phase change materials, and liquid nitrogen. The passive systems are available in various sizes- pallets and parcels, for small and bulk volume shipments. They are a less expensive option compared to active systems and are suitable for transporting time and temperature-sensitive pharmaceutical products (TTSPPs) over poorly constructed roads in rural areas.
The TCP market on the basis of usability is segmented into Single and Reuse. Single-use packaging systems are basic containers that are suitable for one shipment. These containers are a lightweight and a cheaper option compared to reusable packaging systems. The single-use container market is driven by its ease of use, which provides open-ended distribution, and there is no requirement for shipping containers back to their origin. These containers are a suitable option for remote locations where reverse logistics is not feasible. A reusable temperature-controlled packaging solution is a durable option and is suitable for multiple shipments. These containers are an expensive option compared to single-use packaging. Reuse shippers or container has lower environmental impact than single-use, and the shift of end-use industries towards sustainability is expected to drive the demand in the forecast period.
TCP market based on products is segmented into insulated shippers, insulated containers and refrigerants. Insulated shippers are suitable for carrying a temperature-sensitive payload of volume ranging from 4 liters to 100 liters. These shippers are ideal for pharmaceuticals and clinical trial shipments. Insulated containers are suitable for bulk shipping of payload. The payload volume ranges from 100 liters to above 3,000 liters. These are suitable for various temperature ranges (Controlled room temperature, Refrigerated and Frozen) for the duration of up to 192 hours. Refrigerants are temperature stabilizing mediums that limit the exposure of payload to the external environment and maintaining the desired temperature. The refrigerants used in the global temperature-controlled packaging market include wet ice, dry ice, ice/gel pack, gel bottle, foam bricks, and phase change materials (PCMs).
TCP market based on revenue type is segmented into products and services. The product in the temperature-controlled packaging market includes packaging systems (shippers/containers) and refrigerants. These packaging systems are available in various sizes and temperature ranges. To improve the efficacy in cold chain logistics, the companies provide various services to the end-use industries. The service provided by the company includes rental solutions, consulting, tracking & monitoring, and others. The rental solution provides containers and shippers on rent/ lease to end-use industries.
TCP market based on end use industry is segmented into pharma and biopharma industry. Pharma industries include products that are derived from synthetic or chemical processes (artificial sources). Its products include medicines and other drugs. The medicines, raw materials, active pharmaceutical ingredients (API), and other drugs require a temperature-controlled environment to maintain their efficacy and other properties. Biopharma products are derived from living organisms (biological sources). It includes vaccines, tissues, cell & gene therapies, clinical trials, blood, blood components, and others. These products require to keep at a specific temperature throughout the shipment. Active or passive containers are utilized for the bulk payload volume of products such as vaccines. The distribution is regulated by Good Distribution Practices (GDP) for safe and secure shipment of the payload.
The major industry players are adopted expansions, joint venture and new product development as growth strategies in the last four years. The leading players in the 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), Deutsche Post AG (DHL) (Germany), and Amerisourcebergen Corporation (US).
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Sonoco Products Company manufactures industrial & consumer packaging solutions and provides packaging service to varied industrial verticals. It was founded in 1899 and headquarted in Hartsville, US. The business is divided into four segments: Consumer Packaging; Paper & Industrial Converted Products; Display & Packaging; and Protective Solutions. The company has its operation in 320 locations across 34 countries globally. Protective Solutions segment consists of protective packaging based on paperboard & expanded foam and temperature-controlled packaging. Protective Solutions segment has 32 plants worldwide and its market includes electronics, appliances, automotive, medical devices, and temperature-sensitive food and pharmaceutical products. The company provides the temperature control packaging solution under the name Sonoco ThermoSafe. The application industries include Biotech, Fresh & Frozen Food, Pharmaceutical and Clinical Diagnostics.
Cold Chain Technologies, LLC is a manufacturer and distributor of thermal packaging solutions for temperature-sensitive products. It was founded in 1967 and headquartered in Franklin, US. The product portfolio includes Qualified Shipping Solutions, Refrigerants, Insulated Containers, and Temperature Monitoring. The company provides products and services to end-use industries such as Pharmaceutical & Biotech Manufacturers, Clinical Trial Distribution, Third Party Logistics (3PL), Mail Order & Specialty Pharmacies, and Tissue/Organ Donors. The company has business operations globally across the Americas, EMEA, and APAC. The company has a production facility present in Massachusetts, Tennessee, and Nevada in the US.
Due to COVID-19, the demand for vaccines and clinical trials increased significantly across the globe. The temperature-controlled packaging solutions are utilized to transport active ingredients for vaccine production and the distribution of vaccines worldwide. The trial sites are located across the globe and the clinical trials are required to shipped at specific temperature improving the demand for TCP solution. The manufacturers of packaging solutions are coming into partnership agreements with other members in the supply chain such as cargo airlines, for improving their operational efficiency. Moreover, the companies are collaborating with pharmaceutical manufacturers to develop customized products as per the specific requirement for the shipment of COVID-19 vaccines.
The companies have initiated the following 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 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.
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