Isothermal Boxes For Vaccine Market to grow at a CAGR of 7.0% By 2030

The global Isothermal Boxes For Vaccine market size was worth US$ 559.32 million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of 7.0% during the forecast period (2021-2028)

Immunizations are kept chilled during shipment with the use of cold boxes and miniature antibody transporters. Isothermal boxes have been defined as the superset of cold boxes and vaccination carriers. Immunization transporters are similar to cold boxes, except they have a smaller volume.

Because both short and long-reach vaccine transporters have a lower limit when compared to short-reach cold boxes, they have been placed in the 5 liters limit class—the WHO establishes the market guidelines for manufacturing isothermal boxes.

Isothermal Boxes for Vaccines market is divided into polyurethane, polypropylene, polyethylene, polystyrene and others based on material. Polyurethane is a type of polymer or material that has a wide range of applications. Polyurethane foam is made by reacting polyols with diisocyanates. Isothermal packaging comprises high-density polyurethane foam with twin aluminized layers formed and attached with the strength to give excellent firmness.

In addition, there are long-range and short-range isothermal boxes for the vaccination industry. Long-range isothermal containers for vaccinations are divided into 5-15 liters and 15 - 25 liters. The vaccines section's short-range isothermal boxes are divided into three categories: between 15 and 25 liters, between 5 and 15 and under 5 liters.

B Medical Systems, Polar Thermal Packaging Ltd., Sonoco ThermoSafe, AOV International, BLOWKINGS India and AUCMA are major global competitors in the isothermal boxes vaccines market.

Market Dynamics

Drivers

• Increasing demand for economical cold chain solutions for the last-mile reach of vaccines
• The need for temperature-controlled thermal shippers to distribute high-quality COVID-19 vaccines across the world

Restraints

• Poor administration of inventory network

Opportunities

• Eco-friendly Isothermal Box

Eco-friendly Isothermal Box

The manufacturer of isothermal boxes develops Neopor, a material of high-tech foam that improves the maintenance of the cold chain. Neopor to replace expanded polystyrene (EPS), a new solution that has decreased the energy necessary for the cooling power, as the insulating value of the Neopor is 20% higher than the EPS.

Sercalia develops the isothermal Kit ECO for the transport of thermo-sensitive products such as vaccines. The isothermal kit is a bio-sustainable Eco product that is biodegradable and compostable. In addition, the isothermal kits are recycled up to 80% and 100% recyclable.

Moreover, Insulated Products Corporation developed a two-piece insulated box liner, the Eco liner. It is made from natural, cotton-based panels with a fully collapsible design. Wrapped in an earth-friendly film, the panels contain ingredients that accelerate biodegradation and provide maximum space efficiency to reduce landfill waste.

Geographical Analysis

Middle East and Africa isothermal boxes market valued US$ XX million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of 6.5% during the forecast period. 

The Middle East and Africa vaccination market is growing at a significant rate. As per 2018 studies, out of 31 countries, 16 have reached & sustained target coverage of 90% or above for DTP3 in the last 3 years. However, In 2019, over 14 million children under the age of one did not receive any immunizations and 19 million children under the age of one did not receive recommended vaccines against measles, polio and other preventable diseases.

Thus reducing the percentage of vaccination in the region in recent times is expected to create opportunities for the vaccine companies to expand their units in the Middle East and African countries in the forecast period leading to creating opportunities for the isothermal boxes to proliferate during the forecast period.

The outbreak of COVID-19 has shown several challenges and the arrival of multiple vaccines has also created immense pressure in Middle East countries to get the vaccine at the earliest. In the region, only 12% of the population has received at least one dose of the vaccine, indicating that global issues are reflected in immunization outcomes. The region's wealthier countries have led inoculation initiatives. 

For instance, the United Arab Emirates (UAE), which launched its vaccination campaign at the end of December 2020, has ensured that about 75% of its population has received at least one dose. In contrast, Bahrain has provided at least one dose to 63% of its population. While starting distribution later than both these countries, Qatar has provided at least one dose to 62% of its population. Thus improving investments in the region and support from developed countries is more likely to accelerate the market share for isothermal boxes for vaccines in the region during the forecast period.

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