The global TCP market size was USD 34.4 billion in 2021 and is projected to reach USD 80.1 billion by 2026, at a CAGR of 18.4% between 2021 and 2026. Temperature-controlled packaging solution is a crucial part of the cold chain industry, involved in maintaining the desired temperature range for a predefined time for temperature-sensitive products. Pharma and Biopharma are end-use industries for Temperature-controlled packaging solutions. The products from these industries are temperature sensitive and are prone to temperature excursion during storage & shipment, degrading the efficacy of these products. There are two types of packaging systems for shipment of temperature-sensitive products: active system and passive system. The preference of the packaging system primarily depends on the type of product and cost incurred during shipment. Technology innovation and development in the packaging industry have led to the development of highly advance temperature-controlled packaging products. The market is projected to grow steadily due to the growing demand for these packaging solutions in various end-use industries.
Active Systems is projected to be the largest segment by type in the TCP market
Active systems are the largest type segment for TCP Market. Active containers have active temperature control, that means it maintains specific temperature range with minimum deviation. The systems are available in three types: - heat & cool using dry ice; cool only; and heat & cool using compressors. Active systems are suitable for the shipment of large volumes payload with substantial transit time, such as international shipments. North America is the significant market for active systems. The temperature accuracy provided by the active system is highest compared to the passive system. The active system provides a stable temperature for long-distance shipment. The system can efficiently manage the delay caused in the supply chain. There is less possibility of temperature excursion with the availability of a power source.
Single-use is projected to be the largest segment by usability in the TCP market during the forecast region.
Singe use is the largest usability segment for TCP market. They are basic containers that are suitable for one shipment. These containers are a lightweight and a cheaper option compared to reusable packaging systems. The packaging system tends to generate packaging waste with the disposal of containers. The single-use container market is driven by its ease of use, which provides open-ended distribution, and there is no requirement for shipping containers back to their origin. These containers are a suitable option for remote locations where reverse logistics is not feasible. The growing demand for pharmaceutical or biopharma products (Vaccines, cell and gene therapy, and clinical trials) is expected to drive the market for single-use packaging systems in the forecast period.
Pharma is the largest segment by end-use industry in TCP market during forecast region.
Pharma industries include products that are derived from synthetic or chemical processes (artificial sources). Its products include medicines and other drugs. Pharmaceuticals are susceptible to be damaged due to temperature deviation, humidity, and other reasons. Therefore, the products are transported in temperature-controlled packaging solutions across the globe. The growing demand for pharmaceutical products expects to drive the market for temperature-controlled packaging solutions during the forecast period. The recent trends in temperature-controlled packaging solutions for pharmaceutical products include the use of data loggers, temperature sensors, and other software platforms to improve visibility across the cold chain and the utilization of advanced insulation materials and refrigerants in packaging material for longer transit times.
By revenue type, Products account for the largest share of TCP market
The product in the temperature-controlled packaging market includes packaging systems (shippers/containers) and refrigerants. These packaging systems are available in various sizes and temperature ranges. These temperature-controlled packaging are suitable for the shipment of products in the healthcare & life science industry and other industries. With the development of new drugs & vaccines, the requirement for safe and secure distribution has increased. The focus is on developing packaging systems that are suitable for long transit time and at the same time show minimum temperature deviation. In the COVID scenario, the demand for vaccines, drugs, and cell & gene therapy has increased. The distributions of these products require temperature-controlled packaging products.
Insulated Shippers accounts for the largest share in TCP market by products
Insulated shippers are also known as parcel shipping systems. These are suitable for carrying a temperature-sensitive payload of volume ranging from 4 liters to 100 liters. These shippers are ideal for pharmaceuticals and clinical trial shipments. Insulated shippers include both single-use and reuse packaging systems. To provide temperature protection for highly temperature-sensitive shipment, insulated shippers utilize advanced vacuum-insulated materials and phase change materials. These are lightweight and economical options appropriate for the shipment of domestic, international, and last-mile delivery.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.
The break-up of primary interviews is given below:
- By Company Type - Tier 1 - 25%, Tier 2 - 42%, and Tier 3 - 33%
- By Designation - C level - 20%, Director level - 30%, and Others* - 50%
- By Region - North America- 40%, Europe - 10%, APAC - 20%, South America- 10%, and Middle East & Africa- 20%
Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million
The companies profiled in this market research report include are Sonoco Products Company (US), Cold Chain Technologies, LLC (US), Va-Q-Tec AG (Germany), Pelican BioThermal LLC (US), Softbox Systems (UK), Sofrigam SA (France), DGP Intelsius GMBH (UK), Inmark, LLC (US), Envirotainer AB (Sweden), Fedex Corporation (US), United Parcel Service, Inc. (US), Deutsche Post AG (DHL) (Germany), Cardinal Health, Inc. (US), McKesson Corporation (US), AmerisourceBergen Corporation (US) and Others.
This research report categorizes the TCP market on the basis of type, usability, end-use industry, revenue type, products and region. The report includes detailed information regarding the major factors influencing the growth of the TCP market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the TCP market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
- The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
- The report includes the COVID-19 impact on the TCP market.
1.1 Key Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Markets Scope
1.3.1 Years Considered for the Study
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Key Data from Secondary Sources
2.2 Primary Data
2.2.1 Key Data from Primary Sources
2.2.2 Key Industry Insights
2.2.3 Breakdown of Primary Interviews
2.3 Market size estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market crackdown & data triangulation
2.5 Data Triangulation
2.7 Limitations & Risk Assessment
3 Executive Summar
4 Primary Insights
5 Market Overview
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.4 Macroeconomic indicators
5.5 Value Chain Analysis
5.6 Ecosystem/Market Mapping
5.7 Impact of COVID-19 on temperature-controlled packaging solutions Market
5.8 Customer Analysis
5.9 YCC Shift
5.10 Technology Analysis (only qualitative information will be provided)
5.11 Range Scenario of the temperature-controlled packaging market
5.12 Regulatory Landscape
5.13 Patent Analysis
6 Temperature controlled packaging solutions Market, By Type 2019-2026 (Volume & Value)
6.2 Active Systems
6.3 Passive Systems
7 Temperature controlled packaging solutions Market, By Usability 2019-2026 (Volume & Value)
8 Temperature controlled packaging solutions Market, By Revenue Type 2019-2026 (Volume & Value)
9 Temperature controlled packaging solutions Market, By Product 2019-2026 (Volume & Value)
9.2 Insulated Shippers
9.3 Insulated Containers
10 Temperature controlled packaging solutions Market, By End-Use Industry, 2019-2026 (Volume & Value)
11 Temperature controlled packaging solutions Market, By Region, 2019-2026 (Volume & Value)
11.2 North America
11.3.6 Rest of Europe (RoE)
11.4.3 South Korea
11.4.5 Rest of APAC (RoAPAC)
11.5 South America
11.5.3 Rest of South America (RoSA)
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 South Africa
11.6.3 Rest of MEA (RoMEA)
12 Competitive Landscape
12.1 Market Evaluation Matrix
12.2 Market ranking/shares
12.3 Revenue Analysis Of Top 5 Market Players
12.4 Market Evaluation Matrix
12.5 Key Positioning of Key Players
12.6 Competitive Situation and Trends
12.6.1 New Product Launches
12.6.2 Agreements, Partnerships, Collaborations, & Joint Ventures
12.6.4 Mergers & Acquisitions
12.7 Company Evaluation Quadrant
12.7.2 Emerging Leader
13 Company Profiles
Company Overview, Financials*, Geographical Segmentation, Product description, SWOT Analysis, Business strategy
13.1.1 Sonoco Products Company
13.1.2 Cold Chain Technologies, LLC
13.1.3 Va-Q-Tec AG
13.1.4 Pelican BioThermal LLC
13.1.5 Softbox Systems
13.1.6 Sofrigam SA
13.1.7 DGP Intelsius GMBH
13.1.8 Inmark, LLC
13.1.9 Envirotainer AB
188.8.131.52 Cryopak Industries Inc.
184.108.40.206 EcoCooL GmbH
220.127.116.11 Cryoport, Inc.
18.104.22.168 Exeltainer SL
22.214.171.124 CSafe Global, LLC
126.96.36.199 American Aerogel Corporation
188.8.131.52 Insulated Products Corporation
184.108.40.206 Sealed Air Corporation
220.127.116.11 Nordic Cold Chain Solutions
18.104.22.168 Aeris Dynamics PTE LTD
22.214.171.124 Lifoam Industries, LLC
13.2.1 Fedex Corporation
13.2.2 United Parcel Service, Inc.
13.2.3 Deutsche Post AG (DHL)
13.3.1 Amerisourcebergen Corporation
13.3.2 Cardinal Health, Inc.
13.3.3 McKesson Corporation
*Financials will be given only for listed companies
Note: The list may change as per research progress. Top 10 Companies would be profiled considering their market share, strategies and other factors
- Aeris Dynamics PTE LTD
- American Aerogel Corporation
- Amerisourcebergen Corporation
- Cardinal Health, Inc.
- Cold Chain Technologies, LLC
- Cryopak Industries Inc.
- Cryoport, Inc.
- CSafe Global, LLC
- Deutsche Post AG (DHL)
- DGP Intelsius GMBH
- EcoCooL GmbH
- Envirotainer AB
- Exeltainer SL
- Fedex Corporation
- Inmark, LLC
- Insulated Products Corporation
- Lifoam Industries, LLC
- McKesson Corporation
- Nordic Cold Chain Solutions
- Pelican BioThermal LLC
- Sealed Air Corporation
- Sofrigam SA
- Softbox Systems
- Sonoco Products Company
- United Parcel Service, Inc.
- Va-Q-Tec AG