According to Transparency Market Research (TMR), the global isothermal bags & containers market has fragmented landscape as numerous local and global companies are offering services in the country. Some of the key players operating in the isothermal bags & containers market are Cryopak Europe, Sonoco Products Company, Sofrigam SA Ltd., Pelican Biothermal LLC, va-Q-tec AG, ACH Foam Technologies, LLC, Cold & Co Sprl, Tecnisample s.l., Saeplast Americas Inc., AccsA’tech Medical Systems, Tempack Packaging Solutions, S.L., Advanced Products Portugal, Cold Chain Technologies, Envirotainer Ltd., American Aerogel Corporation, Snyder Industries, Inc., Inno Cool India Private Limited, Insulated Products Corporation, Exeltainer SL and TKT GmbH among others.
According to a report by Transparency Market Research (TMR), the isothermal bags & containers market is US$ 657.6 Mn in 2017 and is projected to increase at a CAGR of 6.0% during forecast period 2018-2026. The global isothermal bags & containers market has witnessed solid growth during the past few years, owing to growing pharmaceutical and food industries across the globe. The increasing trade for perishable products has given a boost to the isothermal bags & containers market.
The global isothermal bags & containers market has witnessed impressive growth in the past few years, due to growing trade across the globe. Growing exports and imports between the countries and safe transportation of products has paved the way for isothermal bags & containers market. A number of other factors are expected to drive the isothermal bags & containers market, such as capability of keeping product fresh and maintain cold chain during transit.
Despite the positive outlook, there are a number of factors that always leave a space for product damage during the transit, ultimately hampering the growth of the isothermal bags and containers market. Nevertheless, increasing R&D in the field of biotechnology has boosted the demand for appropriate cold chain solutions to transport biological samples such as blood plasma, and serum, among others. Therefore, with advancement in the pharmaceutical sector, as well as the food & beverages industry, the global isothermal bags market is anticipated to face lucrative opportunities for growth, during the forecast period.
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Among the end use segment, the pharmaceutical segment is anticipated to dominate the market, during the forecast period. The global market has been segmented into five regions, i.e. North America, Europe, Asia Pacific region (APAC), Latin America and Middle East & Africa (MEA). The MEA region is projected to register the highest CAGR of 8.1%, during the forecast period.
Key Market Players & Insights on their Developmental Strategies
A few of the key players in the global isothermal bags & containers market include Cryopak Europe, Sonoco Products Company, Sofrigam SA Ltd., Pelican Biothermal LLC, va-Q-tec AG, ACH Foam Technologies, LLC, Cold & Co Sprl, Tecnisample s.l., Saeplast Americas Inc., AccsA’tech Medical Systems, Tempack Packaging Solutions, S.L., Advanced Products Portugal, Cold Chain Technologies, Envirotainer Ltd., American Aerogel Corporation, Snyder Industries, Inc., Inno Cool India Private Limited, Insulated Products Corporation, Exeltainer SL and TKT GmbH among others.
A majority of isothermal bags & containers market manufacturers are mainly emphasizing on expanding footprint through mergers and acquisitions, thereby enhancing their product portfolio and quality. Brand owners’ preferences regarding isothermal bags & containers are also expected to be driven by the type and size of bags and containers used.
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Global Isothermal Bags and Containers Market to Grow with Advancements in Materials Engineering
The research excellence of the medical and healthcare industries has given an impetus to the growth of the global isothermal bags containers market. The use of these bags for the purpose of testing and experimentation in laboratories and other entities has generated a host of opportunities for growth and advancement within the market. In addition to this, the properties of isothermal bags and containers have helped them in assuring the medical industry of several important considerations in recent times. The medical industry has attracted the attention of leading entities operating in the global isothermal bags and containers market. These entities are capitalising on the need for isothermal bags and containers across this industry.
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