Biopharma Cold Chain Packaging Market to Grow by USD 1.85 Bn| Innovations in Biopharmaceutical Sector will Present Significant Growth Opportunities for Market Vendors | Technavio
NEW YORK, Dec. 10, 2021 -- The biopharma cold chain packaging market is expected to be driven by factors such as innovations in the biopharmaceutical sector. Biopharmaceutical companies are making large-molecule drugs that are less stable than most small-molecule drugs. Molecules that are less stable often lose their biochemical property if they are not stored in controlled temperature during transit. This boosts the demand for biopharma cold chain packaging. A fully developed cold chain helps in ensuring the safe transportation of samples. The rising adoption of cell and gene therapy in the biomedical industry drives the demand for biopharma cold chain packaging. With the increase in the number of gene therapy companies, the demand for biopharma cold chain packaging during transit will rise.
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The biopharma cold chain packaging market is expected to grow by USD 1.85 bn from 2020 to 2025, as per Technavio. The growth momentum of the market will accelerate at a CAGR of 9.24%. The year-over-year growth rate of the market in 2021 is 8.42%. The biopharma cold chain packaging market is fragmented. Moreover, the vendors are using growth strategies such as developing new products to address the core requirements of their customers and compete in the market.
Read the 120-page report with TOC on "BioPharma Cold Chain Packaging Market Analysis Report by Type (plastic packaging, metal packaging, and glass packaging) and Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts,2021-2025".
Factors such as increasing pricing pressures may impede the growth of the biopharma cold chain packaging market. The intense competition in the market has led to a rise in pricing pressure on vendors. The manufacturers of medical devices and drugs find it challenging to maintain their profitability. This is because of high raw material costs and the high costs of transportation and overall production. Therefore, manufacturers are putting pressure on packaging companies to supply packaging products at lower prices. Packaging companies are developing new packaging materials for optimum performance at low costs to meet the demand from end-users.
Major BioPharma Cold Chain Packaging Companies:
- CCL Industries Inc.
- Creopack
- DGP Intelsius Ltd.
- Gerresheimer AG
- Nordic Cold Chain Solutions
- Peli BioThermal Ltd.
- Sealed Air Corp.
- Sofrigam
- Softbox Systems Ltd.
- Sonoco Products Co.
For more takeaways about the vendors operating in the biopharma cold chain packaging market, View Our Free Sample
BioPharma Cold Chain Packaging Market Type Outlook (Revenue, USD bn, 2020-2025)
- plastic packaging - size and forecast 2020-2025
- metal packaging - size and forecast 2020-2025
- glass packaging - size and forecast 2020-2025
BioPharma Cold Chain Packaging Market Geography Outlook (Revenue, USD bn, 2020-2025)
- North America - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- APAC - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
- South America - size and forecast 2020-2025
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BioPharma Cold Chain Packaging Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.24% |
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Market growth 2021-2025 |
USD 1.85 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.42 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, Germany, India, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CCL Industries Inc., Creopack, DGP Intelsius Ltd., Gerresheimer AG, Nordic Cold Chain Solutions, Peli BioThermal Ltd., Sealed Air Corp., Sofrigam, Softbox Systems Ltd., and Sonoco Products Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio