Global Temperature Controlled Primary Packaging Solutions Market Projected to Show Strong Growth by

Global temperature controlled primary packaging solutions market By Type (Active, Passive), Product (Blister Packs, Clamshell Packaging, Paperboard Packaging, Unit Dose Packs, Shrink-Wrapping), Application (Food & Beverages, Pharmaceutical, Personal Care & Household, Others)

Market Analysis: Global Temperature Controlled Primary Packaging Solutions Market

Global temperature controlled primary packaging solutions market is expected to register a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the overall growth of the pharmaceutical industry along with increased trading of food & beverage products globally.

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Market Restraints:

• Concerns regarding usage of certain components in these packaging amid presence of strict regulations regarding their usage; this factor is expected to restrain the growth of the market
• Higher costs associated with the overall supply chain upon adoption of these packaging products; this factor is expected to restrain the growth of the market
• Lack of awareness and usage in the developing/rural regions of the world; this factor is expected to restrain the growth of the market

Market Definition: Global Temperature Controlled Primary Packaging Solutions Market

Global temperature controlled primary packaging solutions market are the first layer of packaging applied on the products, providing temperature control over long distances and while the goods are in transit. These packaging solutions provide protection and preservation from harsh environments maintaining the optimal temperature required so that the contents inside the packaging are not spoiled. These solutions are generally for use in short distances where there is a need for reducing cost of bearing bulk containers for temperature control.

Market Drivers:

• High growth trend in usage of cold chain in the overall logistics; this factor is expected to drive the growth of the market
• Increased consumption and usage of convenience and packaged food products which require these solutions to maintain the freshness and integrity; this factor is expected to drive the growth of the market
• Growing advancements and availability of modern technological solutions; this factor is expected to drive the growth of the market
• Increasing levels of globalization and the need for reducing the costs associated with transit of goods; this factor is expected to drive the growth of the market

Segmentation: Global Temperature Controlled Primary Packaging Solutions Market

By Type

• Active
• Passive

By Product

• Blister Packs
• Clamshell Packaging
• Paperboard Packaging
• Unit Dose Packs
• Shrink-Wrapping

By Application

• Food & Beverages
• Pharmaceutical
• Personal Care & Household
• Others

Key Developments in the Market:

In October 2018, PCI Pharma Services announced that they have completed the acquisition of Sherpa Clinical Packaging, a leading innovator and provider of temperature-controlled primary and secondary packaging solutions. This acquisition will further expand the geographical presence of PCI and provide greater technological capabilities such as "Cold Chain" and "Ultra Cold Chain" facilities to the life-sciences market.

Competitive Analysis: Global Temperature Controlled Primary Packaging Solutions Market

Global temperature controlled primary packaging solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of temperature controlled primary packaging solutions market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Data collection and base year analysis is done using data collection modules with large sample sizes.