The North America Passive Temperature Controlled Packaging Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
The passive temperature-controlled packaging does not require a connection of electricity to maintain the desired temperature. The frozen water packs, phase change materials, and advanced insulation technologies provide the cooling ability to the packaging system. Water packs are the general cooling system that are available in every passive packaging. The water packs should be frozen between -25 degrees to -10-degree Celsius for up to 24 hours.
Nowadays, the passive containers for shipment are equipped with better insulation to keep the cooling for a longer period of time. The passive temperature controlled systems enable the shipment size to identify the solution been utilized for single small doses or multiple pallets. The passive temperature-controlled packaging system consists of payload material covered by a thermal media, which is capable of specific temperatures and encapsulated in insulated material.
The general construction of the passive temperature-controlled packaging system is built in an order to enable shipping of systems without much handling limitation. Passive temperature controlled packaging systems can complete its journey without any special handling. If there is a need to increase the duration of cooling, then the passive packaging system might require to be refreshed and reset by the working professionals at a certain location.
Biosimilars are presently used in the United States to cure patients having cancers, kidney diseases, diabetes, and other autoimmune diseases, for example, rheumatoid arthritis and Crohn’s disease. The future of biosimilars in the region is bright because of their beneficial feature to reduce the cost of biological medicines and make treatment attainable for patients. Along with this, it provides the opportunity for novel innovations. Because of the extensive use and large demand of the biosimilar in this region, there will be a surge in need for passive temperature controlled packaging to transport biosimilars.
The US market dominated the North America Passive Temperature Controlled Packaging Market by Country in 2021; thereby, achieving a market value of $3,877.5 Million by 2028. The Canada market is experiencing a CAGR of 10.5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 10.3% during (2022 - 2028).
Based on Product Type, the market is segmented into Insulated Containers and Insulated Shipper. Based on Business, the market is segmented into Transportation and Warehousing. Based on End Use, the market is segmented into Food & Beverages, Pharmaceuticals and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Passive Temperature Controlled Packaging Market is Estimated to reach $18.1 Billion by 2028, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sonoco Products Company, Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, AmerisourceBergen Corporation, Cold Chain Technologies (Aurora Capital Partners), Csafe Global (Softbox Systems), Sofrigam S.A., Atlas Roofing Corporation (Atlas Molded Products) (Hood Companies, Inc.), Intelsius (DGP Group) and Peli BioThermal Limited (Pelican Products, Inc.)
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