Global Temperature Controlled Packaging Market Demand and Opportunities

Increasing demand for transportation of pharmaceutical medicines, vaccines, drugs and clinical trial distribution products, tissue, donor organs, blood transfers around the globe. 

The temperature-controlled packaging market is driven by increasing need and demand for the transportation of medicines, drugs, clinical trial distribution products, tissue, vaccines, donor organs, blood transfers around the globe. Additionally, rising pharmaceutical spending around the globe due to the increasing prevalence of infectious and chronic ailments drives the temperature-controlled packaging market.  For instance, according to the International Air Transport Organization (IATA), the air cargo share of global pharmacy transport decreased from 17 percent in 2000 to 11 percent in 2013. And in comparison with ocean shipping, In 2018, about 0.5 million tonnes of pharmaceutical goods were flown, whereas approximately 3.5 million tonnes were shipped by ocean. One of the main reasons for the preference for ocean transportation is the issue of temperature excursions because air freight has far more temperature excursions than road or ocean freight. If time is not a significant factor, ocean freight is the safer alternative for temperature-sensitive pharmaceuticals in cold chain logistics. The growing need for cold chain and temperature-controlled facilities for the pharmaceutical industry is helping in the market growth. Other than that, in terms of value, cold chain logistics are estimated to have over 26 percent of the pharmaceutical industry in 2019. That share has also increased exponentially during the Covid-19 situation. That share is expected to increase because there is increasing demand and need for temperature-controlled products with the emergence of so many advanced therapies that are derived from human cells.  Recently, due to the huge increase in pharmaceuticals that are sensitive to temperature change, there has been a clear shift to the standardization of global transportation regulations for healthcare-related products. For instance, according to the International Air Transport Organization (IATA), the air cargo share of global pharmacy transport decreased from 17 percent in 2000 to 11 percent in 2013. And in comparison with ocean shipping, In 2018, about 0.5 million tonnes of pharmaceutical goods were flown, whereas approximately 3.5 million tonnes were shipped by ocean.

Additionally, cold chain management is increasingly investing in applying advanced tracking systems such as temperature sensors, data loggers, telematics and cloud computing solutions, all of which allow track & trace and real-time remote temperature monitoring—safety features that are imperative to the pharmaceutical sector.

Currently, due to the huge increment in pharmaceuticals that are sensitive to temperature change, there has been an obvious shift towards standardizing global transportation regulations for healthcare-related products.

For instance, The International Air Transport Association (IATA) mentioned its standards for transporting pharmaceutical products by air in its comprehensive Temperature Control Regulations (TCR). It also needs a Time and Temperature Sensitive Label to be attached to all shipments to be shipped as time and temperature-sensitive cargo. All these measures and regulations are also driving the market.

Market Opportunities

Increasing application of real time tracking systems

The need for real-time data on shipment location and how it is managed is forcing cold chain logistics providers to apply cutting-edge tracking technologies, which will create more opportunities in terms of quality of services and brand development. For instance, smart labeling solutions are emerging that allow full chain of custody which provides transparency and traceability throughout the entire cold chain from farm to destination. It offers real-time tracking of temperature excursions, chain of custody, pick-ups, drop-offs etc. These tracking solutions can track an individual case of meat or a whole truckload, providing suppliers, restaurants and consumers both accuracy and guarantee and peace of mind in terms of food safety. It is expected that more organizations involved in the entire cold chain logistics will be using updated supply chain network technology to augment their supply chain visibility, which enables their partners to track products in real-time in order to gain the complete trust of customers. The rapid application of real-time cold chain monitoring systems is expected to create new market opportunities for this market.

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