This market research report segments the global biopharma chain packaging market by metal packaging, plastic packaging, and glass packaging. This global market research presents the market share analysis for Americas, EMEA, and APAC and the in-depth study of the changing market scenario with forecast until 2019. The leading vendors of the market detailed in this report include Amcor, CCL, Clondalkin, and Gerresheimer.
Technavio’s market research analysts estimate the global biopharma cold chain packaging market to grow at a CAGR of around 4% between 2015 and 2019. Much of this market’s growth comes from the need for efficient packaging and transportation solutions in the biopharmaceutical industry. The Americas dominate the biopharma cold chain packaging market, occupying around 44% of the total market share. Presence of several multinational packaging companies in the North America region is primarily driving market growth in the Americas. Also, the Americas play a very significant role in fulfilling the global demand for biopharmaceutical temperature sensitive packaging products.
The new market research report from Technavio provides a breakdown and analysis of the biopharma cold chain packaging segments by materials.
“Of late, consumers are demanding eco-friendly pharmaceutical packaging materials that can be easily disposed. This has prompted the pharmaceutical companies to manufacture recyclable and sustainable packaging materials for their products. For instance, AeroClay technology uses clay to manufacture a flexible material that is strong, eco-friendly, and can be shaped easily. It is used as an insulated packaging material which increase the shelf life of the packaged drugs,” says Imran Mushtaq, Lead Analyst, Transport & Logistics, Tecnavio Research.
Plastic packaging is the largest contributor of the global biopharma cold chain packaging market, and is expected to generate around US $2 billion by 2019. Plastic packaging is the fastest-growing segment of the market, owing to increased use of polypropylene, polyvinylchloride, and high-density polyethylene materials.
Global biopharma cold chain packaging market by type of material
Source: Technavio Research
The key vendors in the global biopharma cold chain packaging market include Amcor, CCL, Clondalkin, and Gerresheimer. The market is highly fragmented with the presence of well-diversified international, regional, and local vendors. Intense competition prevails among vendors in terms of product extensions, technological innovations, and mergers and acquisitions. The leading packaging vendors of the market are emphasizing on the usage of new materials for packaging in the biopharma market.
A more detailed analysis is available in the Technavio report, Global BioPharma Cold Chain Packaging Market 2015-2019.
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