Top 10 Cold Chain Packaging Companies to Watch: Key Statistics and Insights for 2024
RELEASE DATE: Sep 2024 Author: Spherical Insights Request Free Sample
Cold chain packaging systems regulate product temperature by utilizing three primary types: active, passive, and hybrid. Active systems use mechanical or electric parts that are powered by an energy source and controlled by thermostats to keep product temperatures stable without Phase Change Materials (PCMs). Passive systems use materials such as water/ice or dry ice that undergo phase changes, providing a simple and affordable option. Hybrid systems blend PCMs with thermostatic controls, utilizing PCMs as a power source controlled by thermostatic control to uphold product temperatures.
The increasing demand for distributing pharmaceuticals that are sensitive to temperature highlights the crucial role of specialized thermal packaging systems. These remedies protect the purity of vaccines, biologics, and other pharmaceutical products, driving the growth of the market. In addition, the increasing global trade of pharmaceutical items requires trustworthy cold chain packaging for secure transport over long distances. Growing economies in Asia Pacific, Latin America, and Africa are making substantial investments in pharmaceutical infrastructure, driving up the demand for these products.
The global market for cold chain packaging reached a value of USD 25.37 billion in 2023, and further to USD 72.09 billion by 2033. This growth reflects a CAGR of 11.01% anticipated throughout the 2023-2033.
The report provides a summary of the global top trends and future prospects for the global cold chain packaging market based on historical data sets (current trends, industry statistics, and emerging trends shaping the cold chain packaging industry’s future, preliminary estimates from 2020-2021, 2022, and 2023), as well as projections for the global cold chain packaging trends and future prospects for global regions in 2024 and 2025. This data-driven research offers users an industry-wide view of emerging technologies and innovative insights to help them make critical business decisions.
Profiles Top 10 Cold Chain Packaging Companies in the Market
1. Cold Chain Technologies
In January 2023, CCT TheraShield was introduced by Cold Chain Technologies, a top provider of cold chain packaging solutions worldwide. This specific product line offers a range of reusable thermal packaging solutions that are industry-standard tested for the cell and gene therapy sector. CCT TheraShield provides a variety of temperature profiles and sizes to guarantee the secure shipment of temperature-sensitive items, such as insulated containers, eco-friendly mailers, and medical refrigerators.
2. Peli Biothermal
Peli BioThermal offers temperature-controlled packaging solutions for the global life sciences industry. In September 2022, a flexible, reusable shipping solution called Credo Go was launched by them. Created to achieve social, governmental, and environmental objectives, it helps pharmaceutical companies save costs and improve operational efficiency. Credo Go guarantees precise temperature management when transporting pharmaceutical products approved for commercial use.
3. Sonoco ThermoSafe
Sonoco ThermoSafe, which is part of Sonoco, is a top worldwide supplier of packaging solutions for pharmaceuticals, vaccines, and biologics in the cold chain industry. They provide solutions for frozen, refrigerated, and controlled room temperature products on a global scale. In November 2020, EOS was introduced by the company, a set of temperature-controlled packaging options that can be completely recycled through curbside pickup in the United States. The packaging is made from 100% post-industrial, pre-consumer paper fiber from Sonoco's consumer paper products.
4. Nordic Cold Chain Solutions
Nordic Cold Chain Solutions is a top provider of temperature-controlled packaging and logistics, committed to providing outstanding products and services. They provide thermal packaging, refrigerants, and pallet shippers. In May 2019, the world's first gel pack refrigerant safe for drainage was introduced by as Nordic Ice Drain Safe. This new product is eco-friendly and can be used for cold-chain packaging, making it easy to dispose of the gel packs by flushing them down drains.
5. Cryopak
Cryopak is among the leading companies in the cold chain packaging industry, specializing in creating packaging solutions for biotech, pharmaceutical, and life science fields, as well as for blood, electronics, and food sectors. They introduced the CryoArc line in December 2021, which includes pallet shippers designed for products that are sensitive to temperature. This collection, which includes the CryoArc Pallet Shipper Lite, CryoArc PU Pallet Transporter, and CryoArc PU Pallet Shipper PLUS PIR, guarantees dependable shipping within a temperature range of 2-8°C for a maximum of 120 hours.
6. CSafe
CSafe is a top supplier of cold chain packaging and shipping solutions, providing passive, active, and cell & gene options on a global scale. Their extensive range consists of packages, containers for vaccines, delivery services, and large amounts of air freight. In October 2022, CSafeAPS was launched, an innovative pallet shipper that offers customizable heat insulation for refrigerated, ambient, and frozen temperatures, lasting for more than 120 hours. It includes extensive monitoring of environmental conditions, tilting, impacting, door movement, temperature occurrences, and GPS coordinates.
7. Chill-Pak
Chill-Pak focuses on eco-friendly cold chain packaging solutions for challenging life science and pharmaceutical requirements, achieving temperatures as low as -89ºC for periods of 96-168 hours. Their selection of products consists of foldable PUR parcel shippers, customized molded shippers, reusable tote panels, and vaccine shippers. In January 2021, they launched ISTA-Qualified ultra-cold thermal insulated shippers for COVID-19 vaccine distribution, designed to keep temperatures between -89ºC to -70ºC for up to 120 hours.
8. Tower Cold Chain
Tower Cold Chain focuses on temperature-controlled containers for the worldwide life science and pharmaceutical industries, with a focus on customer-driven innovation and supply chain value. In March 2022, KTEvolution introduced specialized containers for shipping pharmaceuticals, biotech, and life science items. These convenient solutions provide trustworthy thermal protection and long-lasting durability, created for effortless handling by one or two individuals. KTEvolution containers offer customizable options to suit a variety of supply chain needs, providing up to 120 hours of functionality. They are perfect for products that need internal temperatures between -70°C and +20°C.
9. Global Cold Chain Solutions
Global Cold Chain Solutions specializes in tailoring GDP temperature-controlled packaging and monitoring solutions for the healthcare and pharmaceutical industries. The services they provide consist of customized courier services and pallet shipping options, as well as temperature monitoring systems. Introduced in April 2022, their -22 pallet shippers are designed for effective transportation of pharmaceuticals both domestically and globally. These pallets can be used in narrow and wide aircraft spaces, reducing export costs, maintaining consistent temperatures for 72 hours, and holding 711L of frozen goods.
10. Sofrigam
Sofrigam is the top provider of refrigerated and insulated cold chain packaging solutions for biotech and pharmaceutical companies, guaranteeing smooth transportation of products. Their selection consists of parcel shippers, pallet shippers, reusable containers, and cooling bags. In April 2023 at Logipharma in France, Sofrigam introduced a pallet shipper prototype with increased space utilization, 15% greater payload capacity, 42% lighter weight, and more than 50 potential uses, supporting sustainability efforts. Tailored for the pharmaceutical logistics sector, it is designed for easy handling and can be lifted from any side.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us