Global Cold Chain Packaging Market is Expected to Reach US $ 87.31 BN By Forecast year 2028
By: AB Newswire
September 20, 2021 at 11:44 AM EDT
Cold Chain Packaging market Data And Industry Growth Analysis Cold Chain Packaging Market size is expected to grow from US $ 18.51 BN in 2020 to US $ 87.31 BN by 2028, at a CAGR of 21.4%.
The market report “Cold Chain Packaging Market by Products (Protective Packaging (Foams Sheets), Gel Packs & Bricks, Foam Bricks, Insulated Container & Hard-Cased Thermal Boxes, Labels, Temperature Monitoring & Pallet Shippers, Crates, Phase Change Cold Storage Products, Parcel Containers, Active Thermal Systems, Insulating Pouches, Cryogenic Tanks), Materials (Refrigerants, Metal, Paper, Insulating Material), Packaging Formats (Disposable Packaging and Reusable Packaging), End Users (Pharmaceutical, Food, Beverages, Homecare, Cosmetics & Personal Care, Chemical, Healthcare, Industrial, Agricultural, and Third-Party Logistics (3PL)), and Region – Forecast to 2028”. The cold chain packaging market is growing at a CAGR of 21.4% by 2028, owing to the changing lifestyle of people.
The key players in this market are Sonoco Thermosafe, Cold Chain Technologies Inc., Pelican BioThermal LLC, Coolpac, Intelsius (A DGP Company), Cryopak Industries Inc., Softbox Systems Ltd., Clip-Lok SimPak, Sofrigam Company, Chill-Pak, va Q tec, Creopack, Cascades inc, Sealed Air Corporation, and Tempack.
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Based on end user, the pharmaceutical segment is estimated to grow at highest CAGR segment during the study period.On the basis of end user, the market is categorised into pharmaceutical, food, beverages, homecare, cosmetics & personal care, chemical, healthcare, industrial, agricultural, and third-party logistics (3PL). Pharmaceutical segment is estimated to be the fastest growing market segment strongly driven by the increasing number of pharmaceutical companies around the world.
By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is experiencing a dominant position in the cold chain packaging market. This is mainly attributed to the growing demand for medicines and increasing geriatric population.
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The report supplies a comprehensive analysis of business aspects like global Cold Chain Packaging market size, recent technological advances, and inventions. The research report consists of: introduction of the market, key players, opportunities, restraints, product and type classification, and overall market analysis. This research study aims to help in making the right steps before starting up a company, business conclusions, and shape the future of the organizations. For supreme reader ease, this research presentation on the global market establishes the overall forecast timeline, allowing detailed market approximation about growth likelihood in the market.
The Global Cold Chain Packaging market 2021 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Cold Chain Packaging market Share report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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