Global Temperature Controlled Primary Packaging Solutions Market Projected to Show Strong Growth by
Posted: Nov 09, 2019
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.
Inquire Before Buying @
- 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
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.
- 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
- Blister Packs
- Clamshell Packaging
- Paperboard Packaging
- Unit Dose Packs
- Food & Beverages
- Personal Care & Household
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.
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge Market Research
Report RelatedAsia-Pacific Architectural Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes.