The global TCPS market is anticipated to grow at a CAGR of around 11.2% during the forecast period (2024-2031). 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.
Get Free Sample link @ https://www.omrglobal.com/request-sample/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.
Full report of Temperature Controlled Packaging Solutions (TCPS) Market available @ https://www.omrglobal.com/industry-reports/temperature-controlled-packaging-solutions-market
Market Coverage
- 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
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/temperature-controlled-packaging-solutions-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
