Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
BioPharma Cold Chain Packaging is a temperature-controlled supply chain. An unbroken cold chain is an uninterrupted series of refrigerated production, storage and distribution activities, along with associated equipment and logistics, which maintain a desired low-temperature range.
The rise in demand for blood or blood components, vaccines, and tissues from the global patients and stricter regulation of medical product industries are raising the quality requirements of containers by governments are the major drivers propelling the BioPharma Cold Chain Packaging market, according to research, the global BioPharma Cold Chain Packaging market is projected to worth USD 17.2 billion by 2022 with a CAGR of 5.1% through the forecast period.
In terms of application, the growth of BioPharma Cold Chain Packaging is attributable primarily to the shift to biologics and other specialty pharmaceuticals, many of which require refrigeration. Continued strong growth in insulin products and vaccines is also propelling growth, as is the broader adoption of all these products from developed economies to underdeveloped ones, especially in Asia.
Geographically, Asia Pacific is expected to grow at the highest CAGR for the forecast period, also the Asia Pacific is expected to hold the largest market of BioPharma Cold Chain Packaging in terms of consumption due to their rising geriatric population and the largest population, region followed by North America, the US will remain the leading market for BioPharma Cold Chain Packaging as its advanced medical product industries introduce new sophisticated items with specialized packaging needs.
Global top manufacturers operating in BioPharma Cold Chain Packaging market are Amcor, CCL Industries, Clondalkin Group, Gerresheimer, Air Packaging Technologies, Allergan Pharmaceuticals, Aptargroup, Becton, Dickinson, Bemis Company, Capsugel, Cardinal Health, Catalent Pharma Solutions, Chesapeake, CWS Packaging, EUROMEDEX among others.
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