COVID-19 Pandemic Has Accelerated the Demand for Temperature Controlled Packaging Solutions (TCPS) across the globe

The global TCPS market is anticipated to grow at a CAGR of around 11.2% during the forecast period (2021-2027). The market has witnessed an extensive growth rate during the pandemic period due to an increased number of positive cases which has increased the supply of vaccines globally. TCPS are vital to mitigating risk and maintaining product integrity from production to the patient by stabilizing internal temperature regardless of the external environment. It is also an important part of the pharmaceutical supply chain. Pharmaceutical products are impacted by many factors such as temperatures and duration, including heat transfer by convection and conduction, charging external temperature, among others, these factors reduce the quality of the product. The TCPS containers are incorporated with ice packs and phase change materials (PCM) to keep the pharmaceutical drugs and other food items for a longer period during shipping or transportation. COVID-19 pandemic has accelerated the demand for TCPS containers. According to World Health Organization, COVAX, a vaccine delivery company has shipped 138.6 million doses to 136 countries. 

Browse the full report description of "Global Temperature Controlled Packaging Solutions (TCPS) Market Size, Share & Trends Analysis Report By Type (Active, and Passive) By Product (Insulated Container, and Insulated Shippers) By End-User (Food & Beverages, Healthcare, and Others) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/temperature-controlled-packaging-solutions-market

Moreover, various TCPS providers were collaborating with pharmaceutical companies for the distribution of vaccines globally. For an instance, in August 2021, Softbox, a global provider of passive temperature control packaging solutions for the pharmaceutical, life science, and cold chain logistics industries, supported Pfizer in the distribution of COVID-19 vaccines through the supply of a high-performance TCPS shipper. This led to the growth in the market during the forecast period.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Type

o By Product

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- ACH Foam Technologies, LLC, AmerisourceBergen Corp., Cold Chain Technologies, Inc, Deutsche Post AG (DHL), GEBHARDT Logistic Solutions GmbH, Pelican BioThermal LLC, Sofrigram SA Ltd., Sonoco Products Co, Tempack and Cropak, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global TCPS Market Report Segmentation 

By Type

• Active
• Passive

By Product

• Insulated containers
• Insulated shippers

By End-User

• Food & Beverage
• Healthcare
• Others

Global TCPS Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France

Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa

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