Summary
Global Softbox Temperature Control Packaging Market information By Product (Insulated Shippers and Insulated Containers), By Type (Active Systems and Passive Systems), By Temperature Range (Up to 10°C, 10°C to 20°C and More than 20°C), By Payload Capacity (Up to 10 L, 10-20 L, 20-40 L, 40-150 L and More than 150 L), By Type of Use (Single Use and Reusable), By End-Use Industry (Pharmaceutical and Clinical Trial) and By Region - Forecast Till 2023
Softbox Temperature Control Packaging Market Snapshot
One of the most significant challenges met by the pharmaceutical industry is delivering temperature-sensitive products such as vaccines or lab samples to the market. Drugs such as insulin or the ones used in the treatment of cancer require constant temperature control to maintain their stability.
As per the analysis of Market Research Future (MRFR), the global Softbox Temperature Control Packaging market is projected to attain a valuation of USD 8,762.4 Mn at an impressive CAGR of 9.48% by the end of the forecast period of 2018-2023. The global Softbox Temperature Control Packaging market was valued at USD 5,116.0 Mn in 2017.
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Key Players
Some of the prominent players in the Self-adhesive labels market are Avery Dennison Corporation, Americk Packaging Group, Constantia Flexibles Group Gmbh, SVS Labels, and CCL Industries Inc. H.B. Fuller Company, Müroll GmbH, Coveris Holdings S.A., Royston Labels Ltd., UPM-Kymmene Oyj, Henkel AG & Co., Mondi Group, S&K LABEL spol.sare among others.
Regional Analysis
By region, the global Softbox Temperature Control Packaging Market has been segmented into Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).
North America is one of the significant growth pocket for Softbox Temperature Control Packaging products. Stringent pharmaceutical products safety policies in the region, especially in the US and Canada coupled with the steep growth in the pharmaceutical industry is responsible for driving the growth of the North America market. A considerable rise in R&D investment and innovations within the industry are other growth influencers. The US boasts of one of the largest pharmaceutical industries across the globe and is a key contributor to the North America market.
Europe is an emerging market for Softbox Temperature Control Packaging products spurred by strict regional goods distribution practices. Additionally, the region has been a frontrunner in the field of innovation and development of novel packaging solutions. Germany is a key contributor to the Europe market where renowned companies such as Bayer, BASF, and Deutsche Post AG (DHL) have their presence. The Europe market is expected to capture a CAGR of 9.42% over the forecast period.
Asia Pacific market for Softbox Temperature Control Packaging products stores a host of opportunities for market growth. The pharmaceutical industry in China is one of the fastest growing industries in China. Increased investment in R&D coupled with increased pharmaceutical spending from the government of various countries in the region aids the growth of the market in APAC. Besides, the growing number of contract research organization (CROs) in the region acts as a plus for the growth of the market.
Research Methodology
Market Research Future (MRFR) employs a multi-layered statistical solution for the analysis of critical market elements to garner highly accurate insights. The advanced data triangulation technique aids in conducting extensive qualitative and quantitative analysis of macroeconomic indicators and governing factors of market such as historical trends, key market dynamics, consumer landscape, possible disruptions, and growth opportunities. Primary and secondary research processes ensure the authenticity and objectivity of the research findings. Primary research process aids in collection of data by conducting one-on-one interviews with key opinion holders across the value chain and undertaking detailed surveys. Secondary research module is utilized for verifying the collected data through inputs from existing industry documentations such as whitepapers, paid databases, annual reports, SEC filings and others. In addition to this, top-down and bottom-up approaches are utilized for optimum evaluation of research findings.
By Product
Insulated shippers
Insulated containers
By Type
Active systems
Passive systems
By Temperature Range
Up to 10°C
10°C to 20°C
More than 20°C
By Payload Capacity
Up to 10 L
10-20 L
20-40 L
40-150 L
More than 150 L
By Type of Use
Single use
Reusable
By End-Use Industry
Pharmaceutical
Clinical trial
By Region
North America
Europe
Asia Pacific
The Middle East & Africa (MEA)
Latin America
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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