Temperature Controlled Packaging Market Outlook, Strategies, Industry, Growth Analysis, Future Scope, Key Drivers By 2023

Key Players

Some of the prominent players in the Self-adhesive labels market are Avery Dennison Corporation, Americk Packaging Group, Constantia Flexibles Group Gmbh, SVS Labels, and CCL Industries Inc. H.B. Fuller Company, Müroll GmbH, Coveris Holdings S.A., Royston Labels Ltd., UPM-Kymmene Oyj, Henkel AG & Co., Mondi Group, S&K LABEL spol.sare among others.

Regional Analysis

By region, the global temperature controlled packaging market has been segmented into Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).

North America is one of the significant growth pocket for temperature-controlled packaging for pharmaceutical products. Stringent pharmaceutical products safety policies in the region, especially in the US and Canada coupled with the steep growth in the pharmaceutical industry is responsible for driving the growth of the North America market. A considerable rise in R&D investment and innovations within the industry are other growth influencers. The US boasts of one of the largest pharmaceutical industries across the globe and is a key contributor to the North America market.

Europe is an emerging market for temperature-controlled packaging for pharmaceutical products spurred by strict regional goods distribution practices. Additionally, the region has been a frontrunner in the field of innovation and development of novel packaging solutions. Germany is a key contributor to the Europe market where renowned companies such as Bayer, BASF, and Deutsche Post AG (DHL) have their presence. The Europe market is expected to capture a CAGR of 9.42% over the forecast period.

Asia Pacific market for temperature-controlled packaging for pharmaceutical products stores a host of opportunities for market growth. The pharmaceutical industry in China is one of the fastest growing industries in China. Increased investment in R&D coupled with increased pharmaceutical spending from the government of various countries in the region aids the growth of the market in APAC. Besides, the growing number of contract research organization (CROs) in the region acts as a plus for the growth of the market. The APAC temperature controlled packaging market is estimated to witness a CAGR of 10.02% over the forecast period.

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