SnapshotAs the pharmaceutical industry continues on an upward growth trajectory, it provides an impetus for the latest generation of high-performing packaging products since the quality of pharmaceutical products has a direct effect on the patient safety and efficacy of therapies.
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.
Segmentation
The global temperature controlled Packaging market has been segmented based on product, type, temperature range, payload capacity, type of use, and end-use industry.
By type of use, the global temperature-controlled Packaging market has been segmented into single-use and re-usable. The single-use segment is the largest segment and was valued at USD 4,549.1 Mn in 2018.
By end-use industry, the global temperature-controlled Packaging market has been segmented into pharmaceutical and clinical trial. The pharmaceutical segment is the largest segment while the clinical trial segment is expected to be the fastest-growing segment at a CAGR of 10.08% over the forecast period.
Regional Analysis
By region, the global [FURL=https://www.marketresearchfuture.com/reports/temperature-controlled-packaging-pharmaceutical-market-7190]Temperature Controlled Packaging Market[/FURL] 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 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.
Asia Pacific market for temperature-controlled Packaging 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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